Every gold price prediction and forecast from the analysts we follow and the big banks, plotted against the real gold price. Each one shows the day it was made, the exact words, and how it turned out, so you can judge the gold price outlook for yourself.
$3,878
Gold today, per ounce
$4,360 to $20,000
Range of open predictions
20
Predictions tracked
13 Nov 2026
Last updated
Gold price and predictions
Open, analyst
Open, bank
Reached
Target date passed
Dark line: gold price in US dollars per ounce. Each dot is one prediction, placed at its target date and price; a short line shows a price range. Gold dots are analysts and blue dots are banks. A green ring is a target that was reached, placed on the day it was reached. Every prediction is listed in the table below. The price scale is logarithmic so that very high targets fit.
Silver: bullishGold: bullishDebt and deficitsFed and ratesGold silver ratioInflationMining stocks
Over the next 12 months, Oliver says gold could reach $10,000-$20,000, while warning that the forecast is unusually uncertain.
He expects a government-debt crisis and stock-market bear market to drive money toward gold, silver and miners as bonds become less attractive.
Oliver argues silver could reach roughly $500, and possibly $1,000, because it is undervalued against gold and other metals and may overshoot during monetary panic.
He expects banking stress to force the Federal Reserve toward rate cuts and renewed money creation, despite rising long-term yields.
His longer-term silver case includes a move back above $65 before a potentially rapid advance beyond previous highs; he sees silver outperforming gold.
He favors silver-mining shares, especially the SIL ETF, over long-term Treasury bonds, which he views as a temporary countertrend rally.
Oliver says miners are profitable and historically cheap relative to gold, and could gain two or three times their relative value during the next surge.
He attributes the metals outlook primarily to currency debasement and capital flows, not industrial demand, which he considers a lagging indicator for silver prices.
Gold $10,000 to $20,000 between 5 Nov 2026 and 5 Nov 2027Open
Gold: bullishCentral banksFed and ratesGeopoliticsInvestment demand
Goldman Sachs forecasts gold reaching $4,900 per troy ounce by the end of 2026, versus about $4,600 on August 25.
Central-bank buying is expected to remain strong, averaging 50 tonnes monthly in 2026, as countries diversify reserves against geopolitical and financial risks.
Lower expectations for Federal Reserve rate hikes should remove some pressure on gold, while geopolitical tensions could broaden buying among private investors.
Rising demand for gold call options may amplify price moves in both directions; the forecast does not include this potentially bullish derivatives effect.
Gold $4,900 by 31 Dec 2026Open
“Goldman Sachs Research forecasts that the price of gold will rise to $4,900 per troy ounce by the end of 2026, compared with $4,600 as of August 25.”
Bank
Bank of America: BofA cuts 2026 average gold forecast, sees long-term upside
Gold: bullishFed and ratesInflationUS dollarEnergy markets
Bank of America lowered its 2026 average gold forecast 14% to $4,360 an ounce because the Federal Reserve is expected to take a tougher stance.
BofA still believes gold could reach $5,000 an ounce after the Fed’s tightening cycle ends.
Higher interest-rate expectations, inflation concerns, a stronger U.S. dollar and rising oil prices have pressured gold in the near term.
The revision is a short-term downgrade, while BofA’s broader outlook remains positive once monetary tightening is over.
Gold $4,360 on average, 1 Jan 2026 to 31 Dec 2026Open
“On Tuesday, Bank of America said it is reducing its 2026 average gold forecast by 14 per cent to US$4,360 an ounce, citing a more hawkish U.S. Federal Reserve.”
Bank
J.P. Morgan: Gold Price Predictions for 2026 and 2027 I J.P. Morgan Global Research
Gold: bullishCentral banksChina and AsiaFed and ratesGeopoliticsInflation
J.P. Morgan expects gold to average $6,000 per ounce in the fourth quarter of 2026 and reach about $6,300 by the fourth quarter of 2027.
The forecast is supported by geopolitical fragmentation, U.S. fiscal concerns, inflation risks and possible diversification away from dollar assets.
Chinese gold imports and central-bank purchases may be stronger than reported data suggest, while Chinese insurers could become an additional source of physical demand.
The main downside risk is a stronger U.S. economy with persistent inflation that prompts the Federal Reserve to keep raising rates and drives Western ETF outflows.
Gold $6,000 on average, 1 Oct 2026 to 31 Dec 2026Open
“J.P. Morgan Global Research forecasts prices per ounce to average $6,000/oz by the final quarter of 2026, rising toward $6,300/oz by the end of 2027.”
Gold $6,300 on average, 1 Oct 2027 to 31 Dec 2027Open
“J.P. Morgan Global Research forecasts prices per ounce to average $6,000/oz by the final quarter of 2026, rising toward $6,300/oz by the end of 2027.”
Bank
Commerzbank: Rate cuts in H2 will drive gold to $5,000 and silver to $90 - Commerzbank
Banks usually publish a gold price forecast as a level for the end of a quarter or year, or as an average for the period, and revise it several times a year. Below is the latest forecast from each bank; the earlier ones are in the scoreboard above.
14 tracked predictions have a target date in 2026. They range from $4,360 (Bank of America) to $10,000 (Jim Rickards) per ounce. Gold trades at $3,878 today.
Gold price prediction 2027
3 tracked predictions have a target date in 2027. They range from $5,200 (Commerzbank) to $20,000 (Michael Oliver) per ounce. Gold trades at $3,878 today.
Gold price prediction 2028
One tracked prediction has a target date in 2028: J.P. Morgan sees gold at $6,000 per ounce. Gold trades at $3,878 today.
How we track predictions
We only record a prediction when the person or bank names a price and a time. Each entry keeps the exact quote and a link to the source. A price target counts as reached when gold trades at that price on any day after the prediction was made, up to the target date. If the date passes first, we show the gold price on that date. Average forecasts for a quarter or year are compared with the real average once the period is over, and count as reached when the real average is within 5 percent of the forecast. Most forecasts miss, so read them as opinions, not as advice.
What is the gold price prediction for the coming years?
The 10 open gold price predictions we track range from $4,360 to $20,000 per ounce. Each one is listed above with its target date, who made it and the exact words.
How high will gold go?
Nobody knows. The highest open prediction we track is $20,000 per ounce, from Michael Oliver, with a target of between 5 Nov 2026 and 5 Nov 2027. The chart shows how that compares with the other predictions and with the price so far.
How do you decide if a gold price prediction came true?
A price target counts as reached when gold trades at the target price on any day after the prediction was made, up to its target date. If the target date passes first, we show the gold price on that date. A bank's average forecast for a quarter or year is compared with the real average once the period has ended, and counts as reached when the real average is within 5 percent of the forecast.
Where do the gold price predictions come from?
From public interviews with well known precious metals analysts and from published forecasts by banks. Every prediction links to its source, and for interviews to the moment in the video where it is said. We do not make price predictions ourselves.
Are these gold price predictions investment advice?
No. They are other people's opinions, collected so you can compare them and see how earlier ones turned out. Most price predictions miss, including those from large banks. Do your own research before you buy or sell.
Predictions shown here are the opinions of the people and institutions named. They are for information only and are not investment advice.
Disclaimer: Information on GoldSilverAI is for educational purposes only and is not intended as financial advice. Consult a professional advisor before making investment decisions.
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