Will Gold Price Increase In The Future

I predicted a 20 year bear market in gold in the wellington letter in 1981 based on my cycle.

Will gold price increase in the future. Cpm group s projection is lower than most but if gold averages 1 922 in 2021 it would represent an 8 2 increase over 2020 and a record annual average. Gold prices are likely to explode. They also state that we expect prices to rise sharply at some point in the future to new records significantly higher than 2 000.

Gold price forecast. We lift the 2021e base case gold price forecast by 300 per ounce versus our early july update to a record 2 275 per ounce they added. Change for today 0 81.

So this an early stage bull market in precious metals and our gold price forecast reflects a strong start in 2021. If the cost of living rises the price of gold usually follows suit. It was expected that there would be some spike in coronavirus cases as economies began to re open but the current situation has changed the future.

The gold price forecast at the end of the month 61 91 change for september 2 4. Many analysts were forecasting a rise to 3 000. The historic case for gold prices to move higher is its usefulness as a hedge against inflation.

In the beginning price at 61 91 dollars. Current gold price equals 48094 rupees per 10 grams. Our 2021 forecast is strongly bullish with a big spike.

Gold price will increase or decrease in future monday 1 february 2021. A bull market starts slowly and picks up in speed over time. Gold price forecast for tomorrow week and month.