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.
Early on Wednesday morning, gold markets saw a small increase in trading activity as traders from all over the world continued to show a great deal of interest in the market.
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.
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.
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.
Gold futures rose to their highest level ever this week, supported by monetary policy expectations, geopolitical tensions, and global economic outlook.
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