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Where might gold prices head in the future? 

To understand what could happen to the value of gold in the next few years, pull up a virtual chair and sit down with us and precious metal expert, Nicky Shiels, the Head of Metals Strategy at MKS PAMP.

With her treasure trove of insights, we hoped to unearth precious metals' hidden secrets, including those elusive price forecasts and some golden nuggets of wisdom.

Expect to learn about:

• Gold and silver price predictions
• Whether now is a good time to invest in gold
• Crypto versus gold debate
• And any technological advances that could disrupt the metal market

If you missed our live Q&A session with Nicky, where were you?! But don’t worry, you can watch it below or read on to digest the main takeaways.

Gold price revision from Nicky

Gold price predictions are a bit like trying to guess how many jellybeans are in the jar – you can crunch numbers, analyse trends, and even throw in a bit of magic, but you might still end up with more jellybeans than you bargained for!

Global economic twists, political somersaults, and even demand for gold can play a part in the value of gold. So although predictions can be relatively accurate, they are not guaranteed.

However, forecasts help investors make informed decisions on when and whether to buy and sell their gold.

Plus, with award-winning Nicky’s expertise in precious metals (we’re not kidding – last year she won the LBMA price prediction challenge), we had to ask…

At the beginning of this year, Nicky predicted the price of gold at $1,880 and revised it later at $1,930 per ounce.

She explains:

“Things really started to escalate in March. I call it ‘March madness’ with the banking crisis. It shook a lot of confidence in the system, and you had a lot of current precious metals owners or new precious metals owners looking to relocate wealth. So, I have revised my price forecast, and we’re looking at perhaps revising again […].”

Nicky goes on to add that a lot of the prediction depends on the Fed but also adds that since “gold is traded above $1,930, [the price prediction] will likely be higher.”

What’s the price forecast of gold for the next 10 years?

If we consider how the gold market has increased substantially since 2003, back when flip phones were a thing