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.
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Gold prices ended Wednesday’s session up $20.45 as a softer dollar lured investors back into the market.
Gold prices ended Tuesday’s session down $5.01 but remained within the trading range of the past four days.
Gold prices dropped $1.7 an ounce yesterday as a stronger dollar and gains in equity markets weighed on the metal and investors awaited outcome of the Federal Reserve’s policy meeting.
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Gold prices settled at $1204.32 an ounce, falling 2.32% over the course of the week, as pressure from a stronger dollar weighed on investor appetite for the precious metal.
Gold markets fell initially during the day on Thursday, testing the $1200 level.
Gold markets fell again during the day on Wednesday, as we continue to see bearish pressure.
Gold prices dropped $8.07 on Monday, extending last week’s losses, as growing confidence that U.S. interest rates will rise this month outweighed haven buying amid political uncertainty in France.
Gold ended the week down $22.99 at $1234.54, breaking a four-week winning streak, as an extreme shift in expectations of interest rate hikes weighed on the market.
Gold markets fell initially on Wednesday, showing quite a bit of negativity.
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Gold prices initially fell yesterday but rebounded well off the daily lows and closed the session slightly higher.
Gold prices fell $4.06 on Tuesday, extending their losses to a second straight session, as investors grew more confident that the Federal Reserve could raise interest rates as early as this month.
Gold markets have been very strong for some time now, but are starting to run into a little bit of trouble at the 61.8% Fibonacci retracement level.
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Sign up to get the latest market updates and free signals directly to your inbox.Gold markets had a choppy session on Monday, as we broke above the $1260 level initially, but turned around to form a shooting star.
Gold prices fell $4.79 on Monday, ending a three-day streak of gains, as investors awaited comments from President Donald Trump on Tuesday that could shed some light on his economic plans.
Gold prices climbed for a third day and settled at $1257.03 an ounce, gaining $21.25 over the course of the week, as stock markets turned lower and the American dollar weakened.