Is gold cheap right now?
Gold is a slow-moving store of value, and fairprice.fyi asks the same question of it as everything else: is it cheap or expensive relative to its own history? We divide gold’s price by its 200-week moving average and place the result on a Very Cheap → Very Expensive scale. The live gauge above shows where gold sits today.
What “cheap” and “expensive” mean for Gold
Because gold rarely strays far from its long-term trend, its bands are tight. Below about 0.95× its 200-week average is Very Cheap; 0.95–1.05× is Cheap; 1.05–1.15× is Fair Value; 1.15–1.30× is Expensive; and above 1.30× is Very Expensive. Small premiums to a slow-rising average carry more meaning for gold than they would for a volatile asset.
Gold at past extremes
Gold has drifted cheap relative to its 200-week average during its long, quiet stretches — and read expensive during sharp run-ups, when the price pulls well ahead of a trend line that only climbs gradually. Those premiums have historically marked moments when enthusiasm for gold ran hottest, though they say nothing certain about the next move.
Not financial advice.
Frequently asked
What does it mean for gold to be “cheap” here?
That gold’s price is low relative to its own 200-week average. It is a valuation lens, not financial advice.
Why are gold’s bands so much tighter than Bitcoin’s?
Gold is far less volatile, so it normally hovers near its 200-week average. Tighter bands make a modest move above or below it meaningful.
Does this track spot gold?
It uses gold futures (the GC=F contract) as the price series, which tracks the spot gold price closely.