What is the forecast for gold prices in 2025?

World Bank forecasts gold Prices to reduce to $1,500 in 2025 before increasing to $1,600 in 2035. But in the medium term, the Bank forecasts gold prices to be at $1,880 in 2022, $1,700 in 2023, and $1,650 in 2024. Historically Gold Prices have proved extremely difficult to predict as actual Prices have varied significantly from previous forecasts.

Will the gold price clear $1500/oz by 2030?

Global gold mining output is therefore projected to be in decline over the next 20 years. Given these sources of safe-haven demand combined with the high likelihood of slowing supply growth, we conservatively expect the gold price to clear $1,500 per ounce by 2030 and perhaps trade as high as $1,700/oz over that period.”

How much will gold cost in 2023?

In the middle of 2023, we expect to see $1,891 per 1 Gold. In the first half of 2024, the Gold price will climb to $2,185; in the second half, the price would add $140 and close the year at $2,325, which is +26% to the current price.

What is the gold price forecast by World Bank?

In the World Bank Commodities Price Forecast, April 2022, the Bank maintained the forecast of Gold Prices to be at $1,500 in 2025 and $1,600 in 2035. These forecasted gold prices are lower than the current Gold price of $1,800 per Troy Ounce. The Below table summarizes Gold Price Forecast by World Bank from 2021 to 2035.