Get access to our monthly gold price forecasts. Using natural language processing, Eribol forecasts gold price 6 months ahead, every month. Our methodology bridges the gap between technical and fundamental market analysis, and our results aide financial and risk strategy within the gold market.
| Date | $/oz | UCI | LCI |
|---|---|---|---|
| 2020-June | 1567 | 1881 | 1252 |
| 2020-May | 1645 | 2020 | 1269 |
| 2020-Apr | 1707 | 2132 | 1281 |
| 2020-Mar | 1706 | 2134 | 1278 |
| 2020-Feb | 1639 | 2020 | 1258 |
| 2020-Jan | 1529 | 1830 | 1228 |
*Data from July 2020 forecast. UCI = 95% Upper Confidence Interval, LCI = 95% Lower Confidence Interval
We aim to be transparent by openly publishing our models metrics. Time is precious, so our forecast reports are formatted to be as clear and concise as possible. If you have any questions regarding our forecasts, methodology or anything else, our team will be happy to answer.
| Length | RMSE | MSE | MAE |
|---|---|---|---|
| >5 Years | 91.7 | 8407.9 | 53.5 |
| 3 Years | 69.7 | 4808.5 | 31.4 |
| 1 Year | 113.3 | 12826.7 | 90.7 |
*RMSE =Root Mean Square Error, MSE = Mean Square Error, MAE = Median Absolute Error
*Yearly Mean Metrics, 2020 contains data up to June.
Find out what makes us unique, see our clear and transparent reporting style for November 2019.
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