Gold Price Forecast and Technical Analysis Today

The gold market rallied quite significantly during the early hours on Thursday, as we continue to demand quite a bit of support of the $2300 level.

Gold prices continue to slide as the strength of the US dollar and weak sentiment weigh on the precious metal.

The weakness of the strength factors and the continued gains of the US dollar contributed to the selling of gold.

Gold price has been hovering around the $2334 per ounce level since yesterday after falling by more than 1% in the previous session, pressured by a strong US dollar and rising bond yields.

Gold futures suffered a sharp sell-off to close out the last trading week as investors booked profits.

Gold has shot higher during the trading session on Thursday, as the Swiss National Bank has cut rates.

Gold prices are trading higher today, Thursday, reaching a two-week high of $2345 an ounce as slowing US economic performance has raised expectations that the Federal Reserve may cut interest rates this year.

Gold markets have done very little during the trading session on Wednesday, which is not a huge surprise considering it was Juneteenth in the United States.

Gold prices are hovering around $2330 an ounce today, Wednesday, after slipping in the previous session.

At the start of trading this week, gold futures slipped, supported by rising US Treasury yields.

The gold market fell a bit during the early hours on Monday but has since turned around to show signs of strength.

Throughout last week's trading, gold prices have been struggling to recover from their recent losses, which reached the support level of $2,286 per ounce.

Gold rallied nicely during the Friday session from the crucial $2,300 level.

Gold price maintains its gains above $2,340 an ounce, extending its recovery from over a month low of $2,290 an ounce.

Gold has launched higher during the trading session on Wednesday, and CPI numbers in the United States came out a little bit lower than anticipated.