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Gold Price Prediction: How Much Will Gold Be Worth In 2021 And Beyond?

Will Gold go up or crash? Read our Gold Price Prediction 2021 – 2025

15 Min Read
Last Updated March 27th 2021

How Much Will Gold Be Worth In 2021 And Beyond?

On the hunt for Gold prediction 2021 - 2025? You’re in the right place. We’ll be sharing the top Gold price prediction for 2021 and beyond. we’re taking a look at Gold to find out what the experts have to say about its future performance and how much will it be worth in 2021 and beyond.

For thousands of years, gold has been one of the most desirable commodities on the market. But although it’s probably the world’s oldest investment — and is often considered a safe haven for beginner traders — its price certainly isn’t immune to changes. 

At the time of writing, gold (GC) has a price of $1846.19. Whether you’re an existing or prospective investor, you may be wondering how the price of gold will change in 2021. After a volatile 2020 thanks to the worldwide coronavirus pandemic, will the price continue to climb? Or will it fall as the outlook for the global economy starts to shift? 

There are many reasons to monitor the price of gold, even if you’re not considering adding it to your portfolio. Sometimes still referred to as ‘the gold standard’, the relationship between gold and a particular fiat currency can have far-reaching implications, and even tell us a lot about the financial health of a nation. 

To discover some of the top gold price predictions per ounce in USD, you’re in the right place. We’ve compiled a list of the most compelling short and long-term forecasts from 2021-2025, helping you to decide whether gold could be a genuine gold mine for you. 

Read More: Learn How to Trade Gold Online

Short-term Gold Price Predictions: 2021

Gold Price Predictions for 2021

What are experts forecasting for Gold in 2021?

After 2020 proved a record-breaking year for the price of gold in USD, GBP, and EUR, what could we expect to see in 2021? According to the investment analysis platform WalletInvestor, the outlook is strong. Its technical analysis suggests that gold could reach a top price of $2090.33 before the end of 2021. 

gold price prediction chart 2021

If the sligtt gold price crash that occurred towards the end of 2020 left you feeling disappointed, WalletInvestor’s prediction should be encouraging. Its forecasts suggest that GC should increase month-on-month, rising from $1878.03 at the start of February to $2090.33 at the end of December 2021. Only in September will gold lose value, though this won’t be a substantial loss, with GC opening the month at $2067.01 and closing at $2065.45. 

This slow and steady growth is a stark contrast to the erratic prices of 2020. While the past year has been characterized by rapid bullish and bearish runs, WalletInvestor believes that 2021 will see a much smoother rate of change. So, how does this forecast compare to others on the market? 

For our second short-term price prediction, we’ve looked to Long Forecast. Unfortunately, the outlook from this platform isn’t quite as positive as the one from WalletInvestor — at least, not for the start of the year. Instead of steady month-on-month growth, Long Forecast believes that the price of gold will fall down to $1618 at some point during July. This will constitute a yearly low. 

Month

Open

Low-High

Close

Mo,%

Total,%

2021

Jan

1893

1720-1963

1810

-4.4%

-4.4%

Feb

1810

1687-1865

1776

-1.9%

-6.2%

Mar

1776

1760-1946

1853

4.3%

-2.1%

Apr

1853

1700-1878

1789

-3.5%

-5.5%

May

1789

1675-1851

1763

-1.5%

-6.9%

Jun

1763

1620-1790

1705

-3.3%

-9.9%

Jul

1705

1618-1788

1703

-0.1%

-10.0%

Aug

1703

1703-1899

1809

6.2%

-4.4%

Sep

1809

1760-1946

1853

2.4%

-2.1%

Oct

1853

1800-1990

1895

2.3%

0.1%

Nov

1895

1895-2113

2012

6.2%

6.3%

Dec

2012

1914-2116

2015

0.1%

6.4%

The good news, however, is that Long Forecast doesn’t expect this trend to continue. Its prediction seems to be in two clear halves; while the first half of 2021 will see the price of gold fall by around $2,000, the second half will be far more bullish. Between July and December, the price of gold will regain value, climbing from $1618 to hit $2116. This is even higher than WalletInvestor’s maximum price prediction — we may just have to wait longer to see it arrive. 

If you’re wondering ‘will the price of gold go up in 2021?’, our first two predictions should give you hope. Before we look ahead to 2022 and beyond, our final short-term price prediction comes from Trading Economics. We can see its forecast represented in this graph below: 

gold price  prediction chart 2022

According to the grey line on the graph, Trading Economics isn’t so optimistic when it comes to the price of gold in 2021. It believes that gold will fall down below $1800/oz in April 2021, continuing to dip towards $1700 as the year goes on. Although its maximum price predictions are far more bearish, with potential highs of over $2100, its average expectations aren’t great news for gold investors. In 12 months’ time, it believes the commodity will be worth $1705.34 — almost $150 lower than today. 

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What will be the price of Gold in 2021?

HSBC analyst, Jim Steel, expected the price of gold to hit $1,965 for year-end 2021.

Investing Haven stated that it sees the potential for the price of gold to rise as high as $2,400 by the end of 2021.

Goldman Sachs bank now expects the price of gold to reach $2,300 in 2021.

According to Trading Economicsr, the price of gold could dip towards $1,700 before the end 2021.

WalletInvestor, the investment analysis platform, think that gold price to be valued at $2,090.33 by the end of December 2021. 

With such different predictions, it can be hard to know what the most likely outcome for gold price is. We can sum up these 2021 gold predictions by saying that the potential price increase is currently thought to be much more dramatic than the potential price decrease, but this doesn’t mean that the decline is less likely to happen.

Long-term Gold Price Predictions: 2022-2025  

Gold Price Predictions for 2022-2025

What are experts forecasting for gold in 2022 and beyond?

Now that we’ve explored the potential short-term prospects of gold, it’s time to look further ahead. This is particularly important if you prefer to hold long-term positions, as is commonly the case for gold investors. 

Our first long-term gold price prediction comes from the investment research platform Gold-Eagle. According to its in-house technical analysis, its forecasts suggest that gold will skyrocket over the next few years — even hitting highs of $8500 in the run-up to 2030. 

gold technical chart

As this graph shows, Gold-Eagle has identified two technical trends that could foretell a new bull market (shown in blue). If the price of gold follows the same pattern that we saw in 2003 — the year that signaled the commodity’s last bullish run — then $8500 could be a natural (if staggeringly high) conclusion to its current rate of growth. 

The predictions from The Market Oracle aren’t quite as optimistic, although they are still overwhelmingly bullish. According to its monthly data, The Market Oracle has arrived at the following forecast: 

gold price prediction chart

Between 2021 and 2025, this platform expects the price of gold to rise from $1,895.10 to $3000 — an increase of more than $1000 in under five years. If this rate of progress continues after 2025, then we could be looking at prices of around $4000 by 2030. This is less than half of the $8500 prediction made by Gold-Eagle, although both firmly believe that the commodity will sustain its bullish run into the long-term. 

For our final long-term gold price prediction, we’re returning to WalletInvestor. After predicting a maximum price of $2090.33 for 2021, what does it believe could happen to its value between 2022 and 2025? The platform has given the following minimum and maximum prices for gold for the next few years: 

Year High Low
2022 $2,351 $2,097
2023 $2,612 $2,357
2024 $2,879 $2,617
2025 $3,143 $2,883

 

Like its slow and steady predictions for 2021, WalletInvestor’s long-term forecasts are bullish but not wildly so. It predicts that gold will sustain the same rate of growth across the next five years, gaining roughly $200 a year. Although this prediction isn’t extreme, it’s still encouraging for any investor that’s wondering ‘what will gold be worth in 2025?’ 

According to WalletInvestor predictions, the value of the Gold could rise to $2,090 by the very end of 2021, rising to $2,310 in 2022, $2,600 in 2023, $2800 by the end of 2024, and achieving a mean price of $3,200 by 2025.

Other gold price predictions for 2023-2025 include:

Gold price predictions for 2023: 

The Bank of Montreal: $1800

Long Forecast: $2703

Lite Forex: $2666

Gold price predictions for 2025: 

Lite Forex: $2604

Nicoya Research: $6000

 

As a long-term investment, it projects that gold could perform very well. According to its predictions, the value of the Gold could rise to $2,500 by the very end of 2021, rising to $2,750 in 2022, and achieving a mean price of $3,200 by 2025.

Conclusion: Gold Price Prediction Forecast

The below prediction figures outline some of the Potential high and low of Gold price prediction forecasts in 2021, 2022, 2023 and 2025 offered by technical analysts and industry experts.

Year High Low
2021 $2,500 $1,900
2022 $2,750 $2,400
2023 $2,900 $2,550
2024 $3,050 $2,630
2025 $3,200 $2,720

 

How Has The Price Of Gold Changed Over Time?

For any investor who’s wondering ‘will the price of gold go up?’, one of the most important factors to consider is past performance. This will make it much easier for you to contextualize the current gold trends and, ultimately, attempt to make the most accurate gold price predictions. 

Since 1970, the price of gold (and other commodities in the precious metals market) has changed dramatically. We can see the price history of gold on the graph below, published by Bullion By Post: 

gold historical price chart

At a glance, this graph can give us an idea of the typical market cycles which can affect the price of gold. The bullish run that occurred in 1979-1980 followed a pattern that’s strikingly similar to the trend we saw in 2003, when gold climbed consistently to hit its previous ATH of $2067.16. This foreshadows the technical analysis of Gold-Eagle, which claimed that gold’s latest increase is part of an established market cycle. 

In 1970, gold was worth $34.7 per ounce. By 1973, it had broken the $100 barrier — a price it has never dropped below again. Its first bullish run took it to a then-ATH of just under $700 in 1980, but this wasn’t to last, and the price slipped back down. Between 1981 and 1997, gold remained relatively bearish, eventually falling below the $300 mark in 1998. Gold wouldn’t regain significant value until 2003. However, its second bullish run took it to unprecedented heights, rising relatively steadily until 2011 and successfully weathering the global financial crisis that occurred in 2008. 

Although gold started to fall in 2012, it has never crashed to below $1000. Its lowest price in recent years was $1065 in December 2015, but the commodity recovered well and has since heralded its third bullish run. This started in 2018 but gained real ground last year, with 2020 proving a record year for gold amongst the uncertainty of the coronavirus pandemic. 

As this graph from Bullion By Post shows, gold’s bullish runs have often coincided with periods of financial instability. To find out more about this relationship, keep reading. In the next section of the article, we’ll be explaining how different factors can affect the price of gold. 

Read Also: How to Trade Gold - Best Ways To Trade Gold

What Factors Can Affect The Price Of Gold?

When you understand the different factors that can affect the price of gold, it’s much easier for you to monitor the precious metals market. Whether you’re an existing investor or simply curious about what the price of gold can tell us, this is one of the best ways to predict potential breakout periods or crashes. In order to trade gold successfully, the smartest strategy is to stay ahead of the trend — and responding to factors preemptively can help you do that. 

Below, we’ve outlined some of the key factors that can affect the price of gold: 

1. Global Crises

As we mentioned in the previous section, the price of gold is often tied to periods of global crisis. We saw this in 2010 (during the financial crash) and a decade later in 2020 (during the coronavirus pandemic). In fact, this relationship is so strong that many investors refer to gold as a ‘crisis commodity’. This is because many people choose to invest in gold when their confidence in governments, fiat currency, and global financial markets starts to shake. 

When the outbreak of coronavirus sparked fears that we were heading for a worldwide recession, stock markets and even cryptocurrencies began to crash. By contrast, the price of gold went from strength to strength. In times of uncertainty, gold  — the so-called safe-haven commodity — becomes an attractively stable prospect for worried investors. This inspires many people to add gold to their portfolios as a hedging tool. Although news of the coronavirus vaccine was a lifeline to the world, many analysts saw it as a warning sign that the price of gold would stop rising. As this shows us, the price of gold is often inversely proportional to the strength of the global economy. 

2. The Value Of The US Dollar

The price of gold is also strongly driven by the strength of the US dollar — or lack thereof. Just as gold can be inversely proportional to global markets in general, it’s intimately connected to the value of USD. This means that when USD is stronger, gold is weaker, and vice versa. 

As the world’s dominant reserve currency, the strength of USD is often considered an indication of global economic strength. Investors may swing between the two depending on the current climate. That said, some traders could choose to invest in gold when USD is at its peak, in the hope that a market cycle will soon cause it to lose value. This is an example of how you can potentially preempt different market trends, if you know what factors to look out for. 

3. Interest Rates 

When you invest in gold, you don’t receive interest as you would on savings accounts or treasury bonds. As a result, some people may choose to sell their gold reserves during periods of high interest rates, believing their funds could be better spent elsewhere. The opposite is true if interest rates are low. 

Another factor that can exploit this relationship is the practice of quantitative easing (also known as QE). This is when a central bank decides to buy up securities in order to increase the supply of money, mainly with the intention of encouraging individual banks to offer higher loans and create greater financial activity. 

When the money supply is higher, interest rates are generally pushed lower. This could encourage more people to invest in gold. 

Key Points

  • 2020 proved a record-breaking year for the price of gold in USD, GBP, and EUR, hitting an ATH of $2067.16.
  • WalletInvestor’s technical analysis suggests that gold could reach a top price of $2090.33 before the end of the year.
  • Between July and December, Long Forecast believes the price of gold will climb from $1618 to hit $2116.
  • Trading Economics isn’t so optimistic, believing that gold will fall down below $1800/oz in April, continuing to dip towards $1700 as 2021 goes on.
  • Gold-Eagle’s forecasts suggest that gold will skyrocket over the next few years — even hitting highs of $8500 in the run-up to 2030.
  • Between 2021 and 2025, The Market Oracle expects the price of gold to rise from $1,895.10 to $3000. That’s an increase of more than $1000 in under five years.
  • By 2025, WalletInvestor believes that gold could hit a minimum price of $2882.47 and a maximum of $3143.02.
  • Factors that can affect the price of gold include global crises, the value of the US dollar, and inflation rates. 
  • The price of gold is often inversely proportional to the strength of the global economy, as it’s seen as a stable alternative to fiat currencies.
  • Gold’s bullish runs have often coincided with periods of financial instability, such as the financial crash and coronavirus pandemic. 

Whether you’re considering adding gold to your portfolio or are an existing investor, the recent bullish run has left many people wondering ‘will Gold continue to rise?’. According to the majority of these predictions, the outlook is overwhelmingly positive. 

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Gold Price Predictions: FAQs

Will the price of gold go down in 2021?

According to almost all the predictions that we’ve included in this article, the price of gold is not likely to go down in 2021. Many analysts believe its current bull run will continue throughout the year, with potential price targets including $2067 and $2,116. 

What will gold be worth in 2025?

Gold could be worth over $3,000 by 2025. 

What will gold be worth in 2030?

The trading analysis platform Gold-Eagle believes gold could be worth $8,500 by 2030. However, a lot could change in 10 years. 

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