In its current forecast World Bank raised the price forecast for 2025 to 1500 from its previous forecast of 1,179 in 2018 and prices of 2030 to ... 8. Gold Price Forecast: 2021, 2022 and Long Term to 2030 - knoema ...
What will be the price of gold if rupee weakens?
A conservative price of 2100 dollars will translate to RS. 50,000/- in India. If rupee weakens further this 50,000/- may come around 2000 dollars itself. What I have written is only conservative. When something breaks out, the target calc What will be the price of gold 10 years from now?
How does inflation affect the price of gold?
This pushes gold prices forecast higher in the inflationary period. In a similar way Gold and interest rates also play their part in moving the price of gold as lower interest rates — which usually come about when there are times of financial uncertainty and governments want people to spend, means that saving is harder.
Is the gold price ready for another phase of growth?
This saw the price of gold start to take off as an ounce was with $40 dollars when depegged from the dollar, but in less than 10 years it rose to be worth $2,249 in relative with by 1980. Today, the gold price is below its recent all-time high but holding above support and could be ready for another phase of growth.
