Gold Price Predictions and Forecast for 2030: 6 Experts Weigh In

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Last Updated on: 10th December 2025, 02:11 am

UPDATE (December 2025): This post was originally published in 2019, but we decided to give it a refresh to see who was on the right track with their predictions. So far, most of our experts have significantly underestimated gold’s strength, as we’re already above $4,000 per ounce with almost five years still to go before 2030.

Truthfully, there's no way of accurately pinpointing short-term or long-term gold price movements. It’s a near-impossible endeavor, given that there are many intervening variables that must be factored in. It doesn't simplify things that gold has historically performed well under a variety of different conditions and circumstances. That said, there are still fundamental and technical methods for making a gold price forecast. Yet, gold price predictions are still very much more of a fine art than a science.

At the time this article was first written in 2019, the price of gold hovered around $1,745.30 US an ounce. In only nine years, some experts were predicting that price to nearly double. In this article, we spoke with experts in the precious metals industry and asked them to weigh in on their gold price predictions for 2030. Here's what they had predicted at the time:

Trading between $3000-$5000 Per Ounce

“Accurately predicting the future price of gold is on the same level of
mastering alchemy – in my opinion – many have tried and as far as we know,
no one has been successful. However, there are plenty of ways to gauge
potential swings and trends, borrowing any major geopolitical blowup
(literal or metaphorical), unforeseen economic turn, etc. With that said,
based on how the US and global economies are fairing and future market
indicators (i.e. recent 3/10 year bond inverted yield curve, central banks
physical gold buying trends, mining yields, etc.) combined with the fact
that no nation in the history of nations has survived debt levels the US and
other nations have achieved with our fiat currencies. I feel I am safe, and
being conservative in saying that gold should be trading between $3000 –
$5000 per ounce in ten years. Should the US dollar fail and/or the US
dollar loses the coveted global reserve currency status and/or even the
loss of the petrodollar, gold could hit these levels far sooner. It's a
troubling time for the dollar that is only going to get worse – I don't
think there has been any better time to own physical gold, if for no other
reason than for financial insurance.”

Brian Whitfield, President/CEO, Pacific Coin Exchange (PCE)

An All-Time High

“I think gold prices will continue to increase at an all-time high by
2030. Gold has the advantage of being limited in quantity, while the dollar
has the disadvantage of being printed at astronomically high rates by the
US government during economic downturns and to pay off debt. This means the
dollar's value will usually be going down either slightly or drastically,
while gold's value will usually hold and increase, especially when the
dollar's value is going down.”

Stacy Caprio, Blogger, Fiscal Nerd

$1,500 Per Ounce

“Over the next 10–15 years, the risks are tilted to the upside for the gold price. Three looming uncertainties will work in gold's favor: the unpredictable impact of monetary policy, namely unprecedented measures taken by major central banks over the past decade; ongoing geopolitical strife; and the economic realities of gold mining. Gold can act as portfolio insurance, or a safe haven, against risks associated with the first two factors. Meanwhile, exploration projects for new gold deposits are costly and can take 10 years or more to yield results. Global gold mining output is therefore projected to be in decline over the next 20 years. Given these sources of safe-haven demand combined with the high likelihood of slowing supply growth, we conservatively expect the gold price to clear $1,500 per ounce by 2030 and perhaps trade as high as $1,700/oz over that period.”

Everett Millman, Precious Metals Specialist, Editor, Gainesville Coins

Phasing Out Mercury

“I would like to suggest that phasing out mercury from the gold supply chains may impact the price. There is pressure from consumers and jewelers to no longer use mercury when mining, smelting or refining gold. High levels of mercury use can have a devastating effect on health and lead to still-births, birth
defects, and premature births. Traditionally, mercury amalgamation is cheapest, easiest and most readily available way of processing gold from hard rock by small-scale miners. Efforts to replace the use of mercury with other methods will impact an estimated 20% of the world’s gold supply coming from artisanal gold miners – making it more labor-intensive and costly to process the gold. The phasing out of mercury from gold supply chains may impact the price of gold.”

Meri Geraldine, CEO, Gardens of the Sun

$5,000 an ounce or more

“If you are not looking at gold, you could be kicking yourself later. It wouldn't be shocking to see gold at $5,000 an ounce or more by 2030. There are too many good things happening for gold and in the next decade they could really give the yellow metal a boost; reckless government spending across the globe, central banks buying gold, gold grades in the ground diminishing, exploration spending dropping and the list goes on.”

Moe Zulfiqar, Senior Analyst, Lombardi Letter

$3000 – $5000 per ounce

Accurately predicting the future price of gold is on the same level of mastering alchemy – in my opinion – many have tried and as far as we know, no one has been successful. However, there are plenty of ways to gauge potential swings and trends, borrowing any major geopolitical blowup (literal or metaphorical), unforeseen economic turn, etc. With that said, based on how the US and global economies are fairing and future market indicators (i.e. recent 3/10 year bond inverted yield curve, central banks physical gold buying trends, mining yields, etc.) combined with the fact that no nation in the history of nations has survived debt levels the US and other nations have achieved with our fiat currencies. I feel I am safe, and being conservative in saying that gold should be trading between $3000 – $5000 per ounce in ten years. Should the US dollar fail and/or the US dollar loses the coveted global reserve currency status and/or even the loss of the petrodollar, gold could hit these level far sooner. It's a troubling time for the dollar that is only going to get worse – I don't think there has been any better time to own physical gold, if for no other reason than for financial insurance.”

Brian Whitfield, President/CEO, Pacific Coin Exchange (PCE)

$3,000+ Per Ounce

“Several major Wall Street banks now openly model scenarios where gold trades above $3,000 an ounce before the end of the decade. Their bullish cases tend to have a few points in common: record sovereign debt levels, structurally higher fiscal deficits, and central banks continuing to diversify away from the U.S. dollar into physical bullion. In that kind of macro environment, gold is treated less like a ‘trade’ and more like long-term monetary insurance, which is why $3,000 per ounce is no longer seen as a fringe forecast but a realistic upside target if current trends persist.”

Bank of America Global Research and other major-bank commodity strategists

Above $4,000 Per Ounce

“More recently, some large international banks and research desks have started to float the idea of gold trading above $4,000 an ounce in the next cycle. Their models factor in persistent inflation risk, deglobalization, geopolitical fragmentation, and ongoing central-bank gold purchases at or near record levels. Put together, those forces create a powerful tailwind for bullion. In their view, investors should no longer be surprised by four-figure spot prices starting with a ‘4’ – especially if policymakers keep relying on currency debasement and negative real interest rates to manage rising debt loads.”

Deutsche Bank commodity strategists and analysts surveyed in recent institutional polls

Nearly $5,000 Per Ounce

“Some of the most aggressive institutional outlooks now discuss gold prices approaching the $5,000 per ounce mark in a bullish scenario. These projections typically assume a combination of factors: sustained central-bank buying, continued weakness in the U.S. dollar’s reserve status at the margin, and a meaningful shift by large investors out of traditional stock-and-bond portfolios into hard assets. In that setup, gold becomes a core portfolio asset rather than a small ‘hedge’ allocation – and if that re-rating continues, targets in the high-$4,000s or even near $5,000 no longer look unrealistic over a multi-year horizon.”

Goldman Sachs and other global investment bank commodity teams

By all expert accounts, there is no better time than now to invest in gold. It has long been seen as an asset to hold in a diversified portfolio and has helped preserve wealth for innumerable generations. Obviously, there are pros and cons to any investment, but as a diversifying investment, gold is an excellent choice for the risk-conscious investor. There are numerous paths to embracing gold as an investment, from futures markets and “paper gold” ETFs, to investing in physical gold bullion, coins, and jewelry. With prices only predicted to skyrocket, time is of the essence so it's crucial that you act quickly.

If your wealth is tied up in stocks, consider diversifying your portfolio with hard assets and crypto assets. To shelter your wealth from market shocks, consider adding IRA-approved gold or silver to your retirement savings accounts.