Historical regression analysis in gold price forecast 10 years models indicates an 85% probability of outperforming inflation by 1.5–2% annually. ‘From a technical standpoint, both gold and silver are looking stretched—we’re clearly in overbought territory. That leaves the assets vulnerable to a near-term shakeout if the macro fundamentals shift. A strong NFP report or a more hawkish Fed pivot could take some air out of the trade, while any de-escalation on the geopolitical front would also sap safe-haven flows. In other words, positioning looks crowded, and the risk of near-term correction increases’, notes Kar Yong Ang. By submitting this information, you agree that the information you are providing is subject to Goldman Sachs’ privacy policy and Terms of Use . You consent to receive our newletter via email. Based on macroeconomic modeling, the gold price forecast 10 years points to a potential range of $2,800–$3,200/oz by 2034, underpinned by geopolitical risk premiums and global debt accumulation impacting currency stability.