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 $1222.78 an ounce on Friday, suffering a loss of 0.71% on the week, as expectations of higher U.S. interest rates weighed on demand for the safe-haven metal.
Gold prices settled slightly lower after shuffling between gains and losses as investors opted to remain on the sidelines ahead of a meeting between the U.S. and European Commission presidents and the release of key economic data.
Gold prices rose 0.64% on Friday, posting the first gain in six sessions, and settled at $1231.49 an ounce as the dollar fell after President Donald Trump said he’s not thrilled by recent interest rate hikes by the Federal Reserve and objected to a strong dollar.
Gold prices fell $4.65 an ounce on Thursday as the dollar continued to appreciate after Federal Reserve Chairman Jerome Powell suggested the U.S. economy is strong and inflation is tame.
Gold hit its lowest in a year on Tuesday after Federal Reserve Chairman Jerome Powell gave an upbeat assessment of the U.S. economy and inflation, which boosted expectations that the Federal Reserve could raise interest rates two more times in the next five months.
Gold ended the week down $14.98 at $1241.05 an ounce as the risk-on investing attitudes in the world marketplace continued to support buying interest in other conventional assets.
Gold prices ended a choppy, two-sided trading session lower on Tuesday. A rebound in the U.S. dollar index from its recent slide helped to pressure the yellow metal yesterday.
Gold ended the week up $3.02 at $1254.45 an ounce, breaking a three-week losing streak, as a correction in the U.S. dollar index triggered some short-side profit taking.
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