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Abstract : The project titled "Efficient Machine Learning Algorithm for Future Gold Price Prediction" focuses on the development of a machine learning model that can accurately predict future gold prices using historical data and various economic indicators. Gold has long been regarded as a safe-haven asset, and its price is influenced by multiple factors, including global economic conditions, inflation rates, interest rates, and geopolitical events. This research aims to design and implement a robust machine learning model that can analyze complex patterns and trends in gold prices to generate reliable predictions. The project employs a range of machine learning techniques such as Linear Regression, Random Forest, and Support Vector Machines (SVM) to build the prediction model. It utilizes key features like historical price data, currency exchange rates, commodity prices, and stock market trends as input variables. The performance of the model is evaluated using standard metrics such as accuracy, precision, recall, and RMSE (Root Mean Squared Error). The final model is optimized for accuracy and efficiency, making it a useful tool for investors and financial analysts who seek to forecast gold prices and make informed investment decisions.
Keyword Keywords: Gold Price Prediction, Machine Learning, Linear Regression, Random Forest, Support Vector Machines, Financial Forecasting, Economic Indicators, Predictive Modeling.