More and more analysts have been forecasting recently that gold will be going to $3,000-$5,000 per troy ounce (ozt.) over the next few years with a few even suggesting that we could see $10,000-$20,000/ozt.. Below is a list of the most recent analyst projections with hyperlinks to the source.
- Lawrence Lepard is betting that gold hits $3,000 per troy ounce (ozt.) within the next 2 years. Source
- Briton Hill says gold could trade from $2,500-$3,000/ozt. and silver at $50/ozt. in the next 2 years. Source
- Tony Dobra believes the situation in Ukraine should see gold topping $2,100/ozt. later this year and then that, anything is possible with $3,000/ozt. more likely than not. Source
- Jordan Roy-Byrne has upside targets for gold of $3,000–$4,000/ozt. in 2024 and silver breaking $50 ozt.. Source
- Investors Alley forecasts that, given the current environment of rising inflation, negative real yields, a weaker dollar, and ongoing monetary dilution, gold should rise to $3,000 -$10,000/ozt. in 5 years time. Source
- Stan Bharti believes gold is going to between $4,000-$5,000/ozt. in this cycle. Source
- Ralph Wakerly believes gold could easily reach $5,000/ozt., maybe more, within 3-6 years. Source
- Stephen Leeb believes gold could easily vault to $5,000/ozt. overnight if the metal starts to be mentioned as forming part of a new monetary system and will ultimately reach $20,000/ozt.. Source
- Arthur Hayes argues central banks will choose to load up on gold instead of dollars causing gold to rise beyond $10,000/ozt.. Source
My previous recaps of gold and silver price forecasts were:
- in February, 2022, (see here) with 9 more analysts projecting a future gold price of $3,000-$15,000/ozt.
- in February, 2022 (see here) with 7 analysts forecasting silver prices of from $30/ozt. to $1,350 going forward and
- in June, 2021, (see here) with 25 analysts forecasting gold going up to between $3,000 and $25,000/ozt. by the end of the decade.
What do you think of the above price forecasts? Have your say in the “Comments” section. Also, if I have missed other analyst forecasts (they must be since the beginning of 2022) please mentioned them below and I will include them in a future article.