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 markets have been very bullish over the last couple of weeks, as the United Kingdom voted to leave the European Union. That being the case, there is quite a bit of concern when it comes down to the economic markets, and the list to say the currency markets.
Gold prices settled at $1298.43 an ounce on Friday, a rise of 1.81% over the course of the week's trading, as the Federal Reserve's cautious stance towards tightening policy, soft economic data and a slide in equities lured investors back into the market.
Gold prices ended the week down nearly 1.45% to settle at $1252.62 an ounce, as worries that the Federal Reserve is set to raise U.S. interest rates next month prompted investors to step back from their bullish bets on the precious metal.
Gold prices settled at $1232.34 an ounce on Friday, suffering a loss of $2.37 on the week, as a sharp drop in the Euro following hints of more monetary stimulus from the European Central Bank buoyed the dollar and added to pressure on gold.