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.
Gold ended the week up $26.67 at $1304.13, as a weaker dollar, sagging risk appetite and intensifying worries over the outcome of Tuesday's presidential election helped lure buyers back into the market.
Gold ended the week up $14.85 at $1266.71 on speculation that the Federal Reserve will hold off on monetary policy changes until after the U.S. presidential election, and the forward path in interest rates is going to be slower than the market forecasts.
Gold prices ended Monday's session down $6.59, extending their losses to a fifth straight session, as lower safe haven demand and heightened expectations for a Fed rate increase in December fueled downside momentum.
Gold prices fell $9.59 on Friday, down for the third straight session to $1327.98 an ounce, as concerns that an interest rate increase may come sooner than expected and a strengthening dollar weighed on demand for the precious metal.