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Gold Price Forecast

August 6th, 2016

FFC is forecasting the price of gold to be $1353 per troy ounce for August 2016, up from July's average of $1337.38.  The price of gold is projected to trend down in the coming months in phase with crude oil prices.

The forecast below breaks down predicted average gold prices by month.

Gold Price Forecast Values

London Fix. US Dollars per troy ounce. Average of Month.
Month Date Forecast Value Error
0 Jul 2016 1,337.4 ±0
1 Aug 2016 1,353 ±20
2 Sep 2016 1,318 ±25
3 Oct 2016 1,262 ±29
4 Nov 2016 1,221 ±32
5 Dec 2016 1,215 ±34
6 Jan 2017 1,230 ±36

Updated Aug 2016

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Gold Price Prediction

Chart of Gold Prices with Current Projection.

London Gold Fix. US Dollars per troy ounce.

Chart of Gold Price Trend and Forecast

Other Gold Price Resources of Interest:

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Current Economic Indicators
August 31, 2016 (Close of Day)
Indicator Value
S&P 500 2,170.95
US GDP Growth, % 1.20
US Inflation Rate, % 0.84
US Unemployment Rate, % 4.9
Gold Price, $/oz 1,309.25
WTI Oil Price, $/bbl 44.70
US 10 Yr Treasury, % 1.58