Current Forecast of Gold Price

Units: USD per Troy Ounce, Average of Month.  Not Seasonally Adjusted.

Solid Line = Actual Values.  Dashed Line = Predicted Values.



Forecast Values for Gold Price

DateForecast
May-171245.13
Jun-171269
Jul-171292
Aug-171293
Sep-171272
Oct-171243
Nov-171234

How This Forecast is Produced

The forecast of the indicator above is produced using Multichannel Singular Spectrum Analysis, or MSSA.

The forecast is made by using MSSA to decompose the time series into a trend component and many cyclical components.  The decomposed components of the time series are then projected forward in time.

Gold Price

The gold prices above are the average of the morning and afternoon gold prices set by the London Bullion Market Association.  These prices are known as London Fix.