What will drive the gold price in 2022?

The gold price in 2022 has a number of key drivers to look out for, from monetary policy, the pandemic, and geopolitical issues. The direction the gold price could move is dependant on the outcomes of many of these issues and the combined effect they have.

What is my gold price prediction for 2021?

Meanwhile, we’ll note that analyst Ross Norman has won first place in the LBMA gold price survey nine times. He predicts gold will rise 20% this year. Last, the average 2021 gold price forecasts from these analysts is $2,228. So what is my 2021 gold price prediction?

Will gold test new highs in 2022?

David Lennox, Fat Prophets: “Gold could test new highs of $2,100 per ounce in 2022. U.S. dollar weakness and inflation are some factors that are likely to boost precious metal’s prices, as well as geopolitical tensions between major military powers.” Bank of America: Gold will average $1,925 in 2022, up 7% over 2021.

What is the technical outlook for gold in 2020?

The technical outlook for 2020 says the gold price is likely to… Most gold analysts recognize that new supply from gold producers is set to decline. The concerning thing about the coming gold supply deficit is that it doesn’t require an outside force to make it happen. It’s locked in.