As gold continues to trade above the $5,000 mark, insights from an artificial intelligence model suggest the precious metal is likely to remain above the level by the end of February.
Notably, as of press time, gold was trading at $5,010, up about 0.7% on the day, extending a recent rally that has seen the yellow metal gain more than 15% year to date.
Gold one-week price chart. Source: TradingViewTo gauge where gold could trade on February 28, Finbold turned to OpenAI’s ChatGPT, which ruled out a sharp decline and signaled continued upward momentum. The model projected gold at $5,180 per ounce, implying a 3–4% rise over the rest of February.
ChatGPT described the move as a gradual grind higher rather than a breakout or reversal, as the market consolidates recent gains.
The outlook is based on gold’s ability to hold above $5,000, with the lack of rejection at that level pointing to institutional acceptance rather than speculative excess.
The model also noted that real yields appear capped, limiting downside risk even if U.S. data remains firm, while expectations for accommodative U.S. monetary policy into 2026 remain supportive.
At the same time, fading momentum in the U.S. dollar and persistent, price-insensitive central bank buying were cited as additional tailwinds.
Seasonal February trends, balanced positioning, and constructive technical momentum further support a steady advance.
Gold’s price rebound
It is worth noting that gold prices have rebounded, extending gains as a softer U.S. dollar supported dip-buying after weeks of extreme volatility in the precious metals market.
The rebound came amid a weaker dollar and anticipation of delayed U.S. jobs and inflation data this week, which could influence Federal Reserve rate-cut expectations.
Analysts noted ongoing safe-haven demand driven by geopolitical tensions, central bank purchases, including continued buying by China, and broader economic uncertainties.
Despite the bounce, the market remains choppy after gold hit an all-time high near $5,600 in late January before a historic correction.
Many view the pullback as a healthy reset in a longer-term bullish trend, with forecasts for 2026 remaining elevated, some analysts targeting averages above $4,700, and longer-term potential toward $6,000.
Featured image via Shutterstock
Source: https://finbold.com/chatgpt-sets-gold-price-for-february-28-2026/
