AI Chatbots Forecast Gold and Silver Prices
AI Chatbots are doing wonders in all genres of life. AI Chatbots forecast Gold and Silver Prices as well. To forecast the future of precious metal prices, SilverRates.pk utilized several AI chatbots to predict the year-end prices for gold and silver. You may also check Today’s silver Rate Here.
AI Chatbots Forecast
This experiment involved advanced AI models like OpenAI’s ChatGPT 4, 4o, and 3.5, Anthropic’s Claude 3, Google’s Gemini, Inflection AI’s Pi, Mistral AI’s Le Chat, and Microsoft’s Copilot creative mode. Each chatbot was prompted to provide an expert forecast based on current market conditions and trends.
| Chatbot | Gold Price Prediction | Silver Price Prediction | Rationale |
|---|---|---|---|
| ChatGPT 4 | $2,500 per ounce | $34 per ounce | Continued moderate increase driven by inflationary pressures and geopolitical tensions. |
| ChatGPT 4o | $2600 per ounce | $ 40 per ounce | Both metals will continue the upward trend, Driving factors are inflation, the geopolitical situation, and increasing demands for precious metals |
| ChatGPT 3.5 | $2,800 per ounce | $35 per ounce | Deliberate climb influenced by economic uncertainties and market resilience. |
| Claude Sonnet | $2,600-$2,800 per ounce | $36-$42 per ounce | Safe-haven demand amidst economic uncertainty and precious metals rally. |
| Gemini | $2302 per ounce | $31 per ounce | The weaker dollar, rate cut expectations, and sustained industrial demand. |
| Pi | $2,800 per ounce | $38.50 per ounce | Safe-haven demand, weak US dollar, and industrial demand for silver. |
| Le Chat | $2,800 per ounce | $40 per ounce | Safe-haven status and significant recent increases. |
| Copilot | $2,500 per ounce | $35 per ounce | Weaker dollar, rate cut expectations, and sustained industrial demand. |
Gold and Silver Predicted to Continue Rising
Gold and Silver saw significant gains this year. Although silver hasn’t yet hit a record high, gold reached an unprecedented $2,449 per ounce. Currently, gold is trading at $2,424 per ounce, and silver at $32.02 per ounce, its highest since February 2013. You may like to check the latest Gold Rate Here.
Our newsdesk used generative AI chatbots, including OpenAI’s ChatGPT 4, 4o, and 3.5, Anthropic’s Claude 3, Google’s Gemini, Inflection AI’s Pi, Mistral AI’s Le Chat, and Microsoft’s Copilot creative mode, to forecast the year-end prices for these precious metals.
The prompt is given to Cahtbots:
“As an expert in precious metals, your task is to predict the prices of gold and silver by the end of 2024 and provide a rationale for your forecast. Given the uncertain global macroeconomic environment, today’s date is May 30, 2024, and gold is currently trading at $2,424 per troy ounce, while silver is at $32.02 per ounce.
Over the past six months, gold has increased by 21%, and silver has risen by over 35%. Based on your expertise, what do you anticipate the prices of gold and silver per troy ounce will be on December 31, 2024?”
Analysis
The AI chatbots’ forecasts for gold and silver suggest a continued upward trend, likely due to ongoing global economic uncertainties and their role as safe-haven assets. The predictions also emphasize the impact of inflationary pressures and geopolitical tensions on precious metal prices.
Through our blog SilverRates.pk, we always try to keep you updated regarding current Gold and Silver rates and try to provide future insights as well. Also, read about latest article regarding factors influencing the Prices of Gold and silver.
While these forecasts are automated, they glimpse potential market movements based on current trends and macroeconomic factors. You may also like to read another related article Click Here.
