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.
The continued strength of the US dollar, supported by the pace of vaccinations and stimulus plans, contributed to bearish pressure of gold prices, which reached the support level of $1704, a 2-week low.
The price of gold is trying to capitalize on the risk aversion that has been affecting global financial markets recently, but the recovery of the US dollar stopped its gains from crossing the $1745 barrier.