Gold Futures
Precious metals · Monthly series · COMEX:GC1!
Latest, October 2026
3,898.90 USD/APZ
-6.9% from September 2026
Forecast
No forecast is cached this cycle.
AI confidence
No forecast yetEvidence will appear when a forecast and its backtests are available.
How this assessment is made
AI confidence describes historical evidence for this forecast, not a probability of being correct. Each backtest fits on data available before its test window. The baseline carries the last value forward. Supported evidence requires at least six complete, non-overlapping tests, an error ratio below 0.90 (rounded to two decimals), and wins in a majority of tests. Ratios from 0.90 to below 1.10 are on par; 1.10 or above is weak evidence. Inconsistent wins produce mixed evidence. For a selected model, only the recent tests excluded from model selection determine this label. These are historical simulations using the available data, not a live trading track record; revisions and foundation-model pretraining can limit how closely they reproduce a past decision. Past performance can change.
Model comparison
Previous comparisonThe stored comparison uses earlier data or a previous model roster. A new four-model comparison is not scheduled.
Models tested
AutoETS scored lowest on the 6 older tests (0.97) and was chosen. The 6 recent tests played no part in the choice and give its grade (0.91). The search for a model that beats the naive forecast on both sets of tests goes on. These tests predate the latest data. An eligible nightly batch can repeat them. Scores are MASE: a model's errors divided by the naive forecast's, so 1 is a tie.
4 model classes completed the tests: Statistical, Foundation model, Neural network, Machine learning.
| Model | Class / library | Older tests | Recent tests | Role |
|---|---|---|---|---|
| AutoETS (statistical) | Statistical · StatsForecast · CPU | 0.97 | 0.91 | Serving |
| Naive forecast (last value held) | Benchmark · CPU | 1.00 | 1.00 | Benchmark |
| Timestral (foundation model) | Foundation model · Timestral · GPU | 1.08 | 0.97 | Tested |
| N-HiTS (neural network) | Neural network · NeuralForecast · CPU | 1.32 | 1.07 | Tested |
| CatBoost (machine learning) | Machine learning · MLForecast · CPU | 1.46 | 0.97 | Tested |
Reading
It is above 90% of the 119 earlier readings since November 2016.
Recent history (24 observations)
| Period | Value |
|---|---|
| October 2026 | 3,898.90 USD/APZ |
| September 2026 | 4,186.70 USD/APZ |
| August 2026 | 4,481.50 USD/APZ |
| July 2026 | 4,107.00 USD/APZ |
| June 2026 | 4,038.50 USD/APZ |
| May 2026 | 4,593.00 USD/APZ |
| April 2026 | 4,629.60 USD/APZ |
| March 2026 | 4,678.60 USD/APZ |
| February 2026 | 5,247.90 USD/APZ |
| January 2026 | 4,745.10 USD/APZ |
| December 2025 | 4,341.10 USD/APZ |
| November 2025 | 4,254.90 USD/APZ |
| October 2025 | 3,996.50 USD/APZ |
| September 2025 | 3,873.20 USD/APZ |
| August 2025 | 3,516.10 USD/APZ |
| July 2025 | 3,348.60 USD/APZ |
| June 2025 | 3,307.70 USD/APZ |
| May 2025 | 3,315.40 USD/APZ |
| April 2025 | 3,319.10 USD/APZ |
| March 2025 | 3,150.30 USD/APZ |
| February 2025 | 2,848.50 USD/APZ |
| January 2025 | 2,835.00 USD/APZ |
| December 2024 | 2,641.00 USD/APZ |
| November 2024 | 2,681.00 USD/APZ |
Source
Data: COMEX feed via TradingView.
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