In the past few months, we saw a decline in gold prices. Gold was especially low since November 27, 2017. The good news is on December 6th 2017, gold is now stabilized again. With that being said, the gold forecast for 2018 also looks promising. As the Federal Reserve tightens monetary policy and the European Central Bank tapers bond purchases, gold is set to rise marginally as real interest rates stay low and the dollar weakens, according to Bart Melek, global head of commodity strategy at TD Securities Inc. in Toronto. He sees bullion averaging $1,313 an ounce in 2018, about 4 per cent more than the mean so far this year (India Times).
Gold has mostly accommodated increases in interest rates this year and will average $1,310 in 2018, said James Steel, an analyst at HSBC Securities (USA) Inc. A shift in investment demand has also supported bullion, said Jeffrey Christian, managing director of CPM Group, a New York-based research consulting company, who expects an average of $1,322 next year. All in all it is pretty much guaranteed that next year will be a good year for gold.