With a 5-year time frame, I tried to create a gold price model for 2028, based on 2023 gold price.
Gold_2028 (USD/oz)
– Low $4,087
– Base $6,070
– High $9,556
gold_2028_model_with_deficit_cb
Disclaimer: I am not expert on gold nor did I have spent considerable time in studying it. But I was trying to understand different drivers behind gold price. I asked ChatGPT to pick the coefficients, so there is little credibility behind these coefficients.