Most price forecasts aren’t worth more than an umbrella in a hurricane. There are so many factors, so many ever-changing variables, that even the experts usually miss the mark.
Further, some forecasters base their predictions on one issue. “Interest rates will rise so gold will fall.” That’s not even an accurate statement, let alone a sensible prediction (it’s the real rate that matters to gold).
But there is value in considering predictions. It can solidify why one has invested, point to factors that may have been overlooked, or even cause one to revise their expectations.
So while we take predictions with a grain of salt, let’s look at what might be ahead for gold in 2022 and the next 5 years. I’ll look at both the bear and bull case, and then examine the individual factors that are likely to have the biggest impact on gold. I’ll conclude with the probable prices I see based on those factors, as well as some long-term projections.
The post 2022 Gold Price Predictions, Trends and 5-Year Forecast originally appeared at Investors Alley.