Gold Price Predictions for Next 5 Years: Will It Soar or Sink?

Gold has maintained its status as a global safe-haven asset through early 2025, amid persistent macroeconomic uncertainties, interest rate speculation, and heightened geopolitical tensions.

As of May 22, 2025, gold is trading at approximately $3,323.90 per ounce, and its price trajectory over the next five years is the investors' keen topic of late.

Various experts and financial institutions have provided gold price predictions for the next 5 Years, each based on different economic indicators and geopolitical considerations. Below is a comprehensive overview of these predictions and the reasoning behind them.

Current Gold Overview (May 2025)

As mentioned, gold has experienced a remarkable rally in recent years, with prices surging due to geopolitical tensions, inflation concerns, and increased demand from central banks.

In 2024, gold prices increased by 27%. It improved in 2025 as they rose by 18%, reaching record highs above $3,100 per ounce.

Key Factors Influencing Gold Prices in 2025

1) Central Bank Purchases: Central banks have increased their gold reserves, contributing to higher demand and supporting prices.

2) Geopolitical Tensions: Conflicts and uncertainties, such as trade wars and political instability, drive investors toward gold as a safe-haven asset.

3) Inflation and Currency Depreciation: Concerns over inflation and weakening currencies make gold an attractive store of value.

4) Interest Rates: Lower interest rates reduce the opportunity cost of holding non-yielding assets like gold, potentially boosting demand.

Gold Price Predictions for Next 5 Years: Expert Insights

2025 Gold Price Forecasts

1. CoinCodex

• Prediction: Gold prices could range between $3,411.89 and $5,429.84 per ounce in 2025, with an average annualised of $4,569.81

• Reasoning: This forecast is based on technical analysis and market trends, suggesting a potential return on investment of up to 59.61% compared to current rates.

2. InvestingHaven

• Prediction: Gold may approach $3,150 in 2025.

• Reasoning: The forecast considers intermarket trends and secular gold charts, indicating a bullish outlook driven by monetary dynamics and inflation expectations.

3. Goldman Sachs

• Prediction: Gold could reach $3,100 by the end of 2025.

• Reasoning: Analysts cite high investor sentiment and macroeconomic uncertainties, including central bank demand and geopolitical risks, as key drivers for the price increase.

2026-2027 Gold Price Forecasts

1. InvestingHaven

• Prediction: Gold could exceed $3,300 in 2026.

• Reasoning: The continued bullish trend is attributed to ongoing monetary policies and inflation expectations.

2. CoinCodex

• Prediction: In 2026, gold prices may continue to rise, aligning with the upward trend observed in 2025.

• Reasoning: The forecast is based on the current market dynamics and investor behaviour.

3. InvestingHaven

• Prediction: By 2027, gold could approach $4,400 per ounce.

• Reasoning: This projection considers the 161.8% Fibonacci extension of the 2015-2023 base, assuming the continuation of current monetary policies and no major deflationary events.

2028-2030 Gold Price Forecasts

1. John Paulson

• Prediction: Gold prices could reach nearly $5,000 per ounce by 2028.

• Reasoning: Paulson cites central bank buying and global trade tensions as key drivers with geopolitical risks and declining faith in the U.S. dollar.

2. CoinCodex

• Prediction: By 2030, gold could reach between $7,296.89 and $8,918.67 per ounce.

• Reasoning: Based on long-term market trends and investor behaviour, the forecast indicates a possible return on investment of up to 162.17%.

3. InvestingHaven

• Prediction: Gold may approach $5,000 by 2030.

• Reasoning: The bullish outlook is supported by analyses of current and past trends in the economy and the gold market.

4. Charlie Morris (Atlantic House Investments)

• Prediction: Gold could hit $7,000 by 2030.

• Reasoning: Morris bases his prediction on expectations of increased real inflation, changes in real interest rates, and a fair value premium.

5. Peter Leeds

• Prediction: Gold prices could reach $10,000 per ounce by 2030.

• Reasoning: Leeds points to the weakening of the U.S. dollar due to national debt and budget deficits, the decreasing role of the dollar in international trade, and the impact of BRICS countries building up gold reserves.

Investment Considerations with Potential Risks and Bearish Scenarios

While many forecasts are bullish, some analysts caution about potential downturns:

• Increased Supply: Higher gold prices may incentivise increased mining activity, leading to greater supply and potential price declines.

• Reduced Demand: Prices could face downward pressure if central banks and investors reduce their gold purchases.

• Economic Recovery: A strong global economic recovery could shift investor preference toward riskier assets, decreasing gold demand.

Thus, investors considering gold should assess their risk tolerance and investment horizon. Gold can serve as a hedge against inflation and economic uncertainty, but may underperform during economic growth and rising interest rates.

Conclusion

In conclusion, the consensus among experts suggests a bullish outlook for gold prices from 2025 to 2030, driven by factors such as central bank demand, geopolitical tensions, and macroeconomic uncertainties.

While forecasts vary, the underlying reasoning points to gold's enduring appeal as a hedge against economic instability.

Disclaimer: This material is for general information purposes only and is not intended as (and should not be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by EBC or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.