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.
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Gold markets have been relatively quiet as we awaited the Federal Reserve meeting on Wednesday.
The price of gold crept higher as investors started the countdown to the conclusion of the main Federal Reserve meeting where US interest rates are expected to rise significantly.
The gold markets rallied Tuesday only to give back the gains to form a bit of a shooting star.
For two days in a row, attempts to rise in the price of gold stop at the resistance level of 1739 dollars an ounce,
Gold markets rolled over quite significantly Monday, as it looks like the recovery is starting to take a bit of a rest.
At the end of last week's trading, the price of gold settled above the level of $1700 an ounce, and its gains extended to $1,740 an ounce, before closing the week's trading stable around the $1,726 level.
Gold markets rallied again on Friday as we have seen a significant bounce from the crucial $1680 level.
Gold markets have turned around quite drastically during the trading session on Thursday after initially hitting the crucial $1680 level.
Gold prices were not able to stop the strength of the US dollar, which it described recently as temporary.
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XAU/USD had a rough session on Wednesday as we are now below the $1700 level.
For two days in a row, gold prices are trying to rebound upwards, but the gold market did not find strong momentum.
Gold tried to rally on Tuesday, but as you can see, we have given up gains yet again.
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Sign up to get the latest market updates and free signals directly to your inbox.Despite the recent bullish rebound attempts, the XAU/USD gold price remains near an 11-month low as investors assess the strength of the US dollar amid concerns about global economic growth, as well as inflation expectations and interest rate hikes.
Gold markets rallied rather significantly in the early hours on Monday, as the market reached the $1725 level.
Gold futures failed to join the general market rally at the end of last week's trading, as a slew of positive economic data lifted investor sentiment.