What will gold be worth in 2021?

CPM Group’s projection is lower than most, but if gold averages $1,922 in 2021, it would represent an 8.2% increase over 2020 and a record annual average. They also state that “we expect prices to rise sharply at some point in the future, to new records significantly higher than $2,000.

What happened to the gold spot price market in 2021?

In 2021, further criminal lawsuits regarding precious metals price discovery manipulations allowed the public to see that such alleged crimes were real and had been going on for over a decade. The gold spot price market started the year at its highest level.

What is the gold price forecast for 2020?

As detailed in our 2020 gold price forecast, gold is expected to make further gains throughout 2020; surpassing the current Dollar record of $1,896.50 and potentially reaching $2,000 before the end of the year.

How much did gold exploration cost in 2021?

Gold exploration budgets were up 43% in 2021 ($6.2 billion). Junior company financings hit their highest level since 2012 ($5.5 billion). Over 200 more gold exploration companies were formed in 2021 than 2020. The point to this is that mining company executives wouldn’t invest big dollars into projects unless they had confidence in the gold price.