Gold Outlook Based on Artificial Intelligence: Returns up to 4.75% in 14 Days

Gold and Silver Forecast from August 16, 2017 to August 30, 2017 based on I Know First’s stock forecast algorithm.

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Gold Forecast: Are We Approaching a Golden Age?

Throughout the year, gold prices were galvanizing contrary to analysts’ predictions. Gold is up about 23% from its price one year ago. Analysts were expecting the interest rates to increase which would make the economy and dollar stronger and gold weaker.

Gold forecast (Roubini) : Gold is likely to fall below $1,000 an ounce

Gold is likely to fall below $1,000 an ounce, nearly half the level it reached at its peak in 2011 according to Nouriel Roubini, the founder of Roubini Global Economics. And the man credited for calling the financial crisis believes one of the key factors that will drive prices lower is “extreme political conservatives, especially […]

Gold price forecast: Merrill Lynch cuts 2013 gold forecast

Merrill Lynch lowered its gold  price forecasts for 2013 , citing weak fundamentals and lack of investment buying. The bank now expects gold prices to average $1,478 an ounce in 2013, 12 per cent below its previous forecast of $1,680. BofA analyst Michael Widmer said in a note to clients. “The business cycle puts gold in […]

Gold demand: Global demand for gold jewellery up 12% in Q1 2013

Gold demand: the latest World Gold Council Gold Demand Trends report, which reports on the period January-March 2013, shows a market driven by diverse global demand, and an appetite for owning gold jewellery that continues to grow. Total jewellery demand was up 12% year-on-year in Q1 2013, driven in the main by Asian markets. Jewellery […]

Gold price forecast: Goldman Sachs closed its recommendation to “short” gold

Goldman Sachs. Tuesday closed its recommendation to “short” gold, telling clients to exit bets on lower gold prices. Get daily Gold prediction based on predictive algorithm  Recent gold price forecast: The bank had told its clients to bet on lower gold prices April 10, slashing its short- and long-term gold forecasts as prices dangled above […]

Gold predictions: UBS cuts gold price target

Investment bank UBS on Tuesday updated its short-term gold prediction for the gold price following the precious metal’s recent volatility. “Given that gold had already lost so much, few clients were calling for another aggressive push lower,” said UBS. Get daily Gold prediction based on predictive algorithm  “There is certainly no rush to jump in […]

Gold Forecast Based on The Commitments of Traders: gold prices will rise?

Data from the Commodity Futures Trading Commission’s Commitments of Traders report released Friday showed that managed money, which include hedge funds and commodity trading advisors, took advantage of the recent, steep drop in gold prices to cut down their “short” bets — bets that prices will go lower. Fund managers and other speculators increased net-long […]

Gold price prediction: Goldman Sachs sees more downside for gold

Goldman Sachs updated Tuesday his gold price prediction. “Although gold has now traded below the 1,450/toz target embedded in our short recommendation, we are maintaining our short as we argued last week that prices could decline more than we initially thought as positioning is stretched and momentum is to the downside,” the analysts said in […]

Gold predictions: Goldman Sachs lowers gold prediction for this year and for next year

Goldman Sachs lowered today their average gold price prediction for this year to $1,545 an ounce from $1,610 expected previously and to $1,350 an ounce from $1,490 in 2014. Goldman Sachs said:”Despite resurgence in euro-area risk aversion and disappointing U.S. economic data, gold prices are unchanged over the past month, highlighting how conviction in holding […]

Gold price prediction: Credit Suisse cuts 2013 and 2014 gold price forecast

Credit Suisse cut its prediction on gold prices for 2013 and 2014, as it expects Asian physical demand for the metal will not compensate for a lack of investment interest in other regions. The bank cut its average price prediction for gold this year 9.2% to $1,580 a troy ounce and its 2014 average price […]

Gold price prediction: Merrill Lynch cuts 2013 gold prediction

March 6 2013 Merrill Lynch reduced its 2013 average price prediction for gold by 6.9% to $1,680 a troy ounce and its 2014 prediction by 9.8% to $1,838/oz. It now doesn’t expect gold to break above $2,000/oz until 2014, a turnaround from its previous forecast for a move above $2,000/oz in the second quarter of […]

Gold price prediction: Goldman Sachs cuts 2013 gold prediction

Goldman Sachs cut its gold prediction for 2013, saying while the latest sell-off is “likely excessive,” it has “exposed a quickly waning conviction in holding gold positions, especially ETFs (exchange traded funds). In a note dated February 25, Goldman cut its three-month gold prediction to $1,615 an ounce from $1,825, its six-month forecast to $1,600 an ounce […]

Gold forecast: Citi cuts its gold price forecast

Citigroup analysts cut their gold prediction for 2013 by 4.2% to $1,675 a troy ounce and 0.2% to $1,653 a troy ounce for 2014. Citigroup: “Gold’s recent struggle to sustain itself beyond the $1,800 technical resistance level despite seemingly conducive conditions such as record low interest rates and fiscal uncertainty has cast doubt onto the […]