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 prices settled at $1240 an ounce on Friday, scoring a gain of 1.6% on the week, as soft global economic data, the Federal Reserve's cautious stance towards hiking interest rates and a slide in equities lured investors back into the market.
Gold prices fell for a third straight session on Thursday on worries about the possible U.S. rate hike. The XAU/USD pair dipped to a low of 1074.08, a level not seen in more than five years, after dropping through the support in the 1086/2 area put some extra pressure on the market.