PAX Gold price prediction 2028
Scenario model · updated 23 Oct 2026 · price today $4,006 · Reviewed by Rowan HaleOur base scenario puts PAX Gold at $2,336 at the end of 2028, inside a bear-to-bull range of $1,323 to $4,125 — -41.7% from today. These are scenarios, not forecasts.
These are scenarios, not forecasts. Years out, no model can call a price. We size each scenario from PAX Gold's past cycle drawdowns and the growth of its market-cap tier, and refresh them monthly.
Month by month, 2028
Monthly table
| Month | Minimum | Average | Maximum |
|---|---|---|---|
| January | $1,905 | $2,938 | $4,531 |
| February | $1,843 | $2,880 | $4,502 |
| March | $1,779 | $2,820 | $4,469 |
| April | $1,720 | $2,762 | $4,435 |
| May | $1,662 | $2,704 | $4,399 |
| June | $1,609 | $2,649 | $4,363 |
| July | $1,555 | $2,594 | $4,325 |
| August | $1,504 | $2,539 | $4,286 |
| September | $1,457 | $2,488 | $4,247 |
| October | $1,410 | $2,435 | $4,207 |
| November | $1,366 | $2,386 | $4,167 |
| December | $1,323 | $2,336 | $4,125 |
PAX Gold 2028 FAQ
What is the PAX Gold price prediction for 2028?
The base scenario ends 2028 at $2,336, inside a bear-to-bull range of $1,323 to $4,125.
What is the bear and bull case for PAX Gold in 2028?
The bear case is $1,323 and the bull case is $4,125 by the end of 2028. They are the 10th and 90th percentiles of the scenario distribution, not price targets.
How does the 2028 scenario compare with today's PAX Gold price?
Today's price is $4,006. The base case is -41.7% from it, and the bull case is +3.0%.
Are the 2028 PAX Gold numbers forecasts?
No. They are scenarios built from PAX Gold's past cycle drawdowns and the growth of its market-cap tier, refreshed monthly. Four years out, no model can call a price.