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. Ready to Get Started with Gold Trading?
Ready to Get Started with Gold Trading? Get Started Today!
Most Recent
Gold prices rose $14.01 an ounce on Tuesday, hitting the highest level since November 9, as investors sought safety from tensions in the Middle East, upcoming British election and the European Central Bank policy meeting.
Gold prices ended a choppy, two-sided trading session slightly lower yesterday, but ultimately found support just above the 1277.35-1276 area.
The gold market was rather volatile last month. Prices dropped to the critical $1215 level, the confluence of a horizontal support and a medium-term bullish trend line, but ultimately found strong support there to climb all the way back to the $1271.50-$1269 area, leaving a long lower shadow on the monthly candle.
Top Forex Brokers
Gold prices fell $3.41 an ounce on Thursday as better-than-expected U.S. economic data, which supported the case for a Federal Reserve interest rate hike this month, led to a bounce in the dollar.
Gold prices ended higher on Wednesday, erasing all of the previous day’s losses, as the dollar edged lower.
Gold prices ended Tuesday’s session moderately lower as lack of bullish fundamental developments prompted some investors to lock in gains from a recent rally to a four-week high.
Gold prices settled at $1267.07 an ounce on Friday, scoring a gain of 0.8% on the week, as uncertainty about economic and political stability increased desire for safe-haven diversification.
Gold prices ended Wednesday’s session up $7.28 as the dollar weakened after the minutes of the Federal Reserve’s latest policy meeting showed some central bankers were watching for evidence.
Gold prices fell $9.20 an ounce yesterday, erasing the gains made in the previous session, as the dollar strengthened and traders locked in profits ahead of the release of the minutes from the Federal Reserve’s May 2-3 policy meeting.
Bonuses & Promotions
Gold started the week on a positive note, testing the $1265/1 area after the market found support just above the $1250 level.
Gold prices settled at $1255.32 an ounce on Friday, gaining 2.23% on the week, as political turmoil in the U.S. and weakness in the dollar lent some support to the precious metal.
Gold prices fell $14.06 on Thursday, ending a five-day streak of gains, as the dollar strengthened and stock markets recovered ground.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.Gold prices ended Wednesday’s session up $23.72, hitting the highest level in two weeks, as investors sought refuge from volatility in the wider markets.
Gold prices rose $5.91 an ounce on Tuesday as a pullback in U.S. stock indexes prompted investors to move away from risky assets and to rush to safe havens.
Gold prices ended Monday’s session up $2.26, extending their gains to a third straight session, as the dollar eased after U.S. manufacturing data came in weaker than expected.