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 price of gold bullion tumbled another $29 per ounce on the last trading day of the week and the month as investors liquidated bullish bets after the American dollar got a boost from the Bank of Japan's unexpected decision to expand its already massive monetary stimulus program.
The XAU/USD pair rose %0.55 over the course of the week as concerns over escalating conflict between Ukrainian troops and pro-Russian rebels in eastern Ukraine increased desire for the relative safety of gold.
The XAU/USD pair scored a gain of 5.3% on a monthly basis as the U.S. Federal Reserve’s dovish stance and geopolitical unrest in Iraq and Ukraine buoyed the precious metal’s appeal. Get the forecast for the month of July 2014 here.
Gold continued to gain ground against the American dollar during Friday's session and closed the week at $1276.68 an ounce, the highest level since May 28. Learn where the XAU/USD pair is headed over the next 30 days here.
Gold prices climbed 1.6% since the beginning of the month, supported by escalating tensions between the West and Russia over Ukraine. Learn where Gold is headed for the upcoming month of May 2014 here.