Microsoft Copilot AI has issued a gold price forecast for the next 90 days, targeting a range of $4,500 to $4,650 from the current level of $4,240. The prediction is structured around three pillars: continued central bank buying, sticky inflation keeping real rates subdued, and geopolitical risk driving safe-haven flows. The AI notes that even if one pillar weakens, the others can sustain the upward momentum, giving the outlook strong confidence despite gold already trading near record territory. A move of 6% to 10% in 90 days is described as genuinely significant for an asset of gold’s size and historical stability.
On the downside, the bear case is narrow. A sharp rally in U.S. yields or the dollar could push gold back to $4,050–$4,100, but no structural demand collapse is foreseen. Copilot leans heavily toward the bullish scenario, calling $4,600 the more probable outcome. Technically, gold is sitting on a support zone at $4,200–$4,250 that previously launched a rally to $5,600 in January. A sustained break above $4,400 resistance would be the first confirmation, with $4,600 aligning near the lower edge of a failed February rally.
