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.
By the end of last week's trading, XAU/USD gold price bounced off the key support level at around $2,000, to trade around $2,016 after the latest round of data.
Investors abandoned the US dollar following the monetary policy decisions of the US Federal Reserve Bank, which helped the XAU/USD gold price to rebound strongly.
In Wednesday's trading session, the gold markets initially pulled back but showed a significant amount of resiliency, with buyers continuing to flock to the asset.
Gold markets were indecisive during the trading session on Thursday, hanging around the $2000 level and consolidating after such a significant gain over the last few months.
The demand for gold has once again shown strength in the trading session on Wednesday, as investors continue to flock towards the precious metal for wealth preservation amidst an anticipated global slowdown.
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