The World Bank predicts the price of gold to decrease to $1,740/oz in 2021 from an average of $1,775/oz in 2020. In the next 10 years, the gold price is expected to decrease to $1,400/oz by 2030. In 2020, the high level of uncertainty observed in the global economy due to the outbreak of Coronavirus fueled demand for the yellow metal.
It is possible that the price of gold could make a 1,000% move in the next ten years from its 2020 price. That could put the price of gold at $17,000 by 2032.
What are the predictions for gold
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What is the current gold rate
22K 24K Gold Price January 1 Rate: Rs 47,150 31 Rate Rs 49,150 January: Rs 44,900 Rs 48,990
What is the outlook for gold
“The ultimate price of gold is expected to rise by a functional limit of 1% through 2022 to a record creative CAGR of $1,820, even if the strengthening process in the first half of the year leads to weakness in the second half of the year,” the statement said.
What was the price of gold 20 years ago
Back then, gold prices fluctuated between $1,100 and $1,300 this year and up until early 2019, but in the second half of this year, a weaker US dollar, growing geopolitical concerns, and a slowdown in personal economic growth topped $1,500.
What will gold be worth in 2030
The World Bank predicts gold prices to fall to $1,740 per ounce in 2021 and $1,775 per ounce in 2020. Over the next 10 years, the final price of gold is expected to drop to $1,400 an ounce by 2030.
What will be the gold price in 2025
Will gold go up in the next 5 years
Some industry experts are predicting that the precious metal could be worth $3,000 to $5,000 an ounce over the next 5 to 10 years! For those who expect the price of gold to rise, they mention that people are currently realizing some value in gold, which will increase demand and therefore increase profits.