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Gold Price Prediction: $4,821
5.28.24 - Gold Price Prediction: $4,821
Gold last traded at $2,360 an ounce. Silver at $32.08 an ounce.
Gold Analyst Stoeferle Confirms His Long Term Gold Price Target Of $4,821-Investing Haven
In the latest edition of his study, released on May 17th, 2024, Stoeferle re-iterates his method and data used to derive his gold price target of $4,821 for 2030.
Ronald Stoeferle is the lead analyst of the respected In Gold We Trust, the most comprehensive and detailed gold market study available on the market.
He sticks to his gold price forecast of USD $4,821 by the end of 2030, which he initially introduced in 2020.
Achieving this price target requires an annualized return of just under 12%. By way of comparison, the return in the 2000s was over 14% p.a., compared with around 27% p.a. in the 1970s.
He continues:
Loyal readers will remember our gold price forecast model that we published in the In Gold We Trust report 2020. At that time, we calculated a price target of just above USD 4,800 by the end of 2030, using the gold coverage ratio as a key input factor.
