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?
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At the start of trading this important week for the US dollar, gold futures posted modest gains even after rising US Treasury yields and a rising US dollar.
We continue to see a lot of noise in general, which makes gold extremely volatile.
At the start of trading this week, gold futures recorded modest gains even after the rise in US Treasury yields and the rise in the US dollar price.
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At the end of last week's trading sessions, the price of gold rose to a new record level, approaching $2200 per ounce, after the recent US jobs report bolstered the view that US interest rate cuts could occur in June.
As more people chase the so-called "FOMO trade" that gold has become, gold markets have rallied during Thursday's trading session.
Even before the recent decline in the US dollar, the gold price continued its sharp upward trend, with gains reaching the $2161 resistance level per ounce, a historic record high for the gold price.
Wednesday's trading session saw a nice recovery in the gold markets, as traders continue to enter this market for a variety of reasons.
Gold futures rose to their highest level ever this week, supported by monetary policy expectations, geopolitical tensions, and global economic outlook.
Tuesday's trading session saw a notable increase in the price of gold.
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Ahead of important events and influential data, gold prices moved towards new record highs as investors continue to bet on the metal.
Gold markets remain bullish.
At the end of trading last week, the gold price rose to the resistance level of $2088 per ounce, starting from the level of $2038 per ounce in the same trading session.
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Sign up to get the latest market updates and free signals directly to your inbox.Friday's gold market surge is still going strong.
Gold: Thursday's session was extremely positive despite the US PCE figures coming in as expected.
During the middle of this week's trading, gold futures stabilized.