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 rose $8.18 an ounce on Monday, helped by a softer dollar. The dollar slipped yesterday as world stock markets rebounded after two weeks of sharp declines.
Gold ended the week down $15.55 at $1316.14 an ounce, recoding a second consecutive weekly loss, as the dollar’s rebound from multi-year lows weighed on the precious metal.
Gold prices declined for a second straight session on Wednesday to settle at their lowest level since December 11 as the American dollar continued to gain strength.
Gold prices settled at $1332.58 an ounce on Friday, suffering a loss of 1.27% on the week, as the dollar edged up on a corrective bounce from recent strong downside pressure.
Gold prices ended Thursday’s session up $3.78 an ounce, extending gains from the previous session, as stock markets turned lower and the American dollar weakened.
Gold prices ended Tuesday’s session down $2.05 an ounce, extending their losses to a second straight session, as investors took a cautious stance ahead of the Federal Open Market Committee’s policy announcement.
Gold prices settled at $1351.81 an ounce on Friday, rising 1.26% on the week, as investors bet on monetary policy tightening outside the United States.
Gold prices rose $16.98 on Wednesday, reaching the highest level since August 5, as the dollar continued to fall.
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