Are you wondering about where the price of gold in fiat US dollars will go to in 2019?
The following is a list of 2019 gold price forecasts by gold market analysts deep in the precious metal derivative and gold bullion trade.
Remember that the inverse measurement we are using to value gold bullion here is a fiat currency that has lost over 95% of its value to gold bullion through its existence.
There is little reason to believe this trend will not continue for gold price forecast 2020s (as fiat US dollars lose further value against gold bullion).
Thirty gold analyst opinions for gold price forecasts in 2019 expect gold to trade in a range between $1,150 to $1,475 oz in fiat US dollars, but the overall average is forecast to deliver a modest increase for gold priced in USD of 1.8% over the year compared to the average price in the first half of January.
However, a gold price prediction range of price action swings of $325 oz USD throughout the year (1/4th of the average gold price forecast for 2019) suggests that the gold price could be in for exciting price volatility in 2019.
Gold Price Prediction High 2019
The average high gold price consensus amongst gold analysts petitioned is a 2019 high gold price forecast of $1,405.17 per troy ounce in fiat US dollars.
Gold Price Prediction Average 2019
The average gold price consensus amongst gold analysts petitioned is a 2019 average gold price forecast of $1,311.71 per troy ounce in fiat US dollars.
Gold Price Prediction Low 2019
The average low gold price consensus amongst gold analysts petitioned is a 2019 low gold price forecast of $1,220.23 per troy ounce in fiat US dollars.
As of writing this blog post in early May 2019, the spot price of gold stands at $1,280.95 oz in fiat US dollars.
Gold Price Forecast 2019 Illustration
The following image illustrates 30 precious metal analysts’ 2019 gold price forecasts for the year.
Adams, William of Fastmarkets MB
Gold Price Forecast Low $1,180.00 - Gold Price Forecast Average $1,242.00 - Gold Price Forecast High $1,355.00
Alexander, Cameron of GFMS Refinitiv
Gold Price Forecast Low $1,168.00 - Gold Price Forecast Average $1,292.35 - Gold Price Forecast High $1,415.00
Bhar, Robin of Societe Generale CIB
Gold Price Forecast Low $1,200.00 - Gold Price Forecast Average $1,325.00 - Gold Price Forecast High $1,400.00
Butler, Jonathan of Mitsubishi Corporation
Gold Price Forecast Low $1,200.00 - Gold Price Forecast Average $1,305.00 - Gold Price Forecast High $1,425.00
Cooper, Suki of Standard Chartered
Gold Price Forecast Low $1,170.00 - Gold Price Forecast Average $1,305.00 - Gold Price Forecast High $1,440.00
Dahdah, Bernard of Natixis
Gold Price Forecast Low $1,270.00 - Gold Price Forecast Average $1,330.00 - Gold Price Forecast High $1,380.00
Fertig, Peter of QCR Quantitative Commodity Research Ltd
Gold Price Forecast Low $1,150.00 - Gold Price Forecast Average $1,250.00 - Gold Price Forecast High $1,375.00
Fritsch, Carsten of Commerzbank AG
Gold Price Forecast Low $1,200.00 - Gold Price Forecast Average $1,300.00 - Gold Price Forecast High $1,400.00
Garvey, Marcus of ICBC Standard Bank
Gold Price Forecast Low $1,225.00 - Gold Price Forecast Average $1,293.00 - Gold Price Forecast High $1,375.00
Hochreiter, Rene of Noah Capital Markets/Sieberana Research (Pty) Ltd
Gold Price Forecast Low $1,275.00 - Gold Price Forecast Average $1,365.00 - Gold Price Forecast High $1,420.00
Kavalis, Nikos of Metals Focus
Gold Price Forecast Low $1,235.00 - Gold Price Forecast Average $1,300.00 - Gold Price Forecast High $1,400.00
Klapwijk, Philip of Precious Metals Insights
Gold Price Forecast Low $1,259.00 - Gold Price Forecast Average $1,319.00 - Gold Price Forecast High $1,402.00
Meir, Edward of INTL FCStone
Gold Price Forecast Low $1,195.00 - Gold Price Forecast Average $1,302.00 - Gold Price Forecast High $1,405.00
Melek, Bart of TD Securities
Gold Price Forecast Low $1,227.00 - Gold Price Forecast Average $1,313.00 - Gold Price Forecast High $1,374.00
Nagao, Eddie of Sumitomo Corporation
Gold Price Forecast Low - $1,175.00 - Gold Price Forecast Average $1,315.00 - Gold Price Forecast High $1,475.00
Norman, Ross of Sharps Pixley
Gold Price Forecast Low $1,280.00 - Gold Price Forecast Average $1,337.00 - Gold Price Forecast High $1,410.00
O'Connell, Rhona of Independent
Gold Price Forecast Low $1,276.00 - Gold Price Forecast Average $1,365.00 - Gold Price Forecast High $1,450.00
Oliveri, Manuel of Credit Agricole
Gold Price Forecast Low $1,260.00 - Gold Price Forecast Average $1,320.00 - Gold Price Forecast High $1,380.00
Panizzutti, Frederic of MKS PAMP Group
Gold Price Forecast Low $1,240.00 - Gold Price Forecast Average $1,335.00 - Gold Price Forecast High $1,460.00
Ritter, Hans-G of ünter Heraeus
Gold Price Forecast Low $1,225.00 - Gold Price Forecast Average $1,355.00 - Gold Price Forecast High $1,450.00
Savant, Rohit of CPM Group LLC
Gold Price Forecast Low $1,200.00 - Gold Price Forecast Average $1,295.00 - Gold Price Forecast High $1,400.00
Schallenberger, Frank of LBBW
Gold Price Forecast Low $1,250.00 - Gold Price Forecast Average $1,326.00 - Gold Price Forecast High $1,375.00
Schieven, Chantelle of Murenbeeld & Co
Gold Price Forecast Low $1,215.00 - Gold Price Forecast Average $1,330.00 - Gold Price Forecast High $1,446.00
Steel, James of HSBC
Gold Price Forecast Low $1,211.00 - Gold Price Forecast Average $1,314.00 - Gold Price Forecast High $1,372.00
Strachan, Ross of Capital Economics
Gold Price Forecast Low $1,275.00 - Gold Price Forecast Average $1,325.00 - Gold Price Forecast High $1,410.00
Subramanian, Venkatraman of Foretell Business Solutions Pvt Ltd
Gold Price Forecast Low $1,180.00 - Gold Price Forecast Average $1,250.00 - Gold Price Forecast High $1,355.00
Teves, Joni of UBS Limited
Gold Price Forecast Low $1,200.00 - Gold Price Forecast Average $1,300.00 - Gold Price Forecast High $1,400.00
Tong, Tong of Bank of China
Gold Price Forecast Low $1,220.00 - Gold Price Forecast Average $1,315.00 - Gold Price Forecast High $1,420.00
Turner, Matthew of Macquarie Bank
Gold Price Forecast Low $1,225.00 - Gold Price Forecast Average $1,320.00 - Gold Price Forecast High $1,425.00
Vaidya, Bhargava of B.N. Vaidya & Associates
Gold Price Forecast Low $1,221.00 - Gold Price Forecast Average $1,308.00 - Gold Price Forecast High $1,361.00
30 Gold Price Forecast Low / Average / High Averages
Gold Price Forecast Low $1,220.23 - Gold Price Forecast Average $1,311.71 - Gold Price Forecast High $1,405.17
Gold Price Forecast 2019 conducted by the LBMA
Interestingly the LBMA’s annual conference held a gold price forecast petition amongst its attendees (many of whom have never even touched a large physical gold bar in their careers).
The consensus in late 2018 was for a much higher gold price forecast in 2019 of $1,585 oz gold in fiat US dollars.
To learn more about gold bullion buying and selling, be sure to pick up our free 21st Century Gold guide.
Learn further information about prudent gold bullion investment allocations as well.
Thank you for visiting us here at SD Bullion.
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