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 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.
The gold markets went back and forth during the course of the day on Wednesday, ultimately settling on a slightly negative candle. I believe that the longer-term outlook for gold is very bullish due to the concerns in the European Union, the United Kingdom, and quite frankly the fact that interest rates simply aren’t going anywhere anytime soon.
Gold ended the week down nearly 0.8% on rising equity prices and the stronger dollar. The American dollar got support from fresh economic data suggesting that the U.S. economy remains on a solid footing.
Gold settled up $15.03 at $1330.78 an ounce on Thursday, recouping most of the losses from the previous session, after the European Central Bank signaled it was ready and willing to ramp up stimulus to lift inflation and economic growth in coming months.
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