DailyForex analysts monitor the gold market regularly to bring you gold price predictions and gold market forecasts that can help you find the best positions in the gold market.
Our gold forecast signals are good for both forex gold spot market traders and as well as for the long term gold investors in commodities market.
Watch as gold prices fluctuate based on technical analysis, global political developments and comprehensive market research in the gold market forecasts below. Learn how to purchase gold at the higher price in uptrend market and avoid losing money due to the wrong entry point. Our gold forecase provides you with the right signals at the right time. Ready to Get Started with Gold Trading?
Ready to Get Started with Gold Trading? Get Started Today!
Most Recent
At the start of trading this week, gold prices jumped towards the $2,338 resistance level before stabilizing around $2,332 per ounce at the time of writing this analysis.
Gold looks like it is trying to build some type of base for a move higher.
Gold prices are hovering around the $2325 per ounce level as investors continue to assess the latest US inflation data.
Top Forex Brokers
In today’s gold analysis, we can see that there is a certain amount of support underneath.
The gold market rallied quite significantly during the early hours on Thursday, as we continue to demand quite a bit of support of the $2300 level.
Gold prices continue to slide as the strength of the US dollar and weak sentiment weigh on the precious metal.
The weakness of the strength factors and the continued gains of the US dollar contributed to the selling of gold.
Gold price has been hovering around the $2334 per ounce level since yesterday after falling by more than 1% in the previous session, pressured by a strong US dollar and rising bond yields.
Gold futures suffered a sharp sell-off to close out the last trading week as investors booked profits.
Bonuses & Promotions
Gold has shot higher during the trading session on Thursday, as the Swiss National Bank has cut rates.
Gold prices are trading higher today, Thursday, reaching a two-week high of $2345 an ounce as slowing US economic performance has raised expectations that the Federal Reserve may cut interest rates this year.
Gold markets have done very little during the trading session on Wednesday, which is not a huge surprise considering it was Juneteenth in the United States.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.Gold prices are hovering around $2330 an ounce today, Wednesday, after slipping in the previous session.
At the start of trading this week, gold futures slipped, supported by rising US Treasury yields.
The gold market fell a bit during the early hours on Monday but has since turned around to show signs of strength.