Gold Price Forecast Banks
Analysts at citibank see gold rising to 2 200 in the short term on a three month horizon and then rising to 2 400 within six to 12 months.
Gold price forecast banks. My forecast for the gold price in 2021 is based on the current environment of negative real yields a weak dollar rising inflation expectations and ongoing monetary and fiscal stimulus. Gold price forecast 2021. The gold price forecast data below represents the average predictions of a diverse panel of expert gold market analysts.
Xau usd price could push higher if it manages. Gold price surged to all time highs above 2 000 in 2020. Gold forecast remains bullish in 2021 as central banks keep committed to supporting recovery.
Morgan stanley ms 0 8 jpmorgan jpm 0 8 and goldman sachs gsbd 1 1 all foresee the gold price rallying by 2021. We also have to consider the fed s diminishing ability to respond effectively to crisis their toolbox is indeed getting low. Expert technical analysis market fundamentals current market sentiment and an analysis of global economic and political events.
Gold price forecast 2021. Gold price forecast 2021. Gold price forecast 2021.
This marks an increase from their early july forecast of a 2021 high of 2 275 made shortly before gold ascended to its recent record high of 2 076. This week goldman sachs has revised its 12 month forecast to 2300 per ounce a 20 jump from current levels. Goldman s is the latest bullish prediction from a major bank about gold with bank of.
Gold price forecast 2021. Gold price forecast 2021.