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.
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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?
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Gold prices settled at $1209.08 an ounce on Friday, suffering a loss of 1.51% on the week, as renewed risk appetite and strong demand for the greenback continued to weigh on the market.
Gold ended the week down $67.29 at $1225.59, as a stronger U.S. dollar and increased appetite for riskier investments dampened demand for the metal.
Gold ended the week up $26.67 at $1304.13, as a weaker dollar, sagging risk appetite and intensifying worries over the outcome of Tuesday's presidential election helped lure buyers back into the market.
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Gold prices rose for a second consecutive week but ended the month with a loss of 3.2%.
Gold ended the week up $14.85 at $1266.71 on speculation that the Federal Reserve will hold off on monetary policy changes until after the U.S. presidential election, and the forward path in interest rates is going to be slower than the market forecasts.
Gold ended the week down $5.25 at $1251.80 an ounce as the greenback rose on expectations that the Federal Reserve was moving closer to raising interest rates.
Gold ended the week down by 4.64% at $1256.92 an ounce as a recent string of better-than-expected economic data prompted investors to unwind bullish bets.
Gold prices ended Monday's session down $6.59, extending their losses to a fifth straight session, as lower safe haven demand and heightened expectations for a Fed rate increase in December fueled downside momentum.
Gold prices settled at $1316.55 an ounce on Friday, suffering a loss of 1.52% on the week but scoring a gain of 0.54% over the month.
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Gold prices settled at $1337.60 an ounce on Friday, gaining 2.13% on the week, as the dollar came under pressure after the Federal Reserve held interest-rates unchanged at its monetary policy meeting.
Gold prices fell $9.59 on Friday, down for the third straight session to $1327.98 an ounce, as concerns that an interest rate increase may come sooner than expected and a strengthening dollar weighed on demand for the precious metal.
Gold prices settled at $1324.76 an ounce on Friday, scoring a gain of 0.34% on the week, as soft U.S. jobs data lured investors back into the market.
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Sign up to get the latest market updates and free signals directly to your inbox.Gold prices ended the month down 2.95% as a strong run in major equity markets around the globe and renewed confidence in the U.S. economy led investors to reduce their safe-haven positions.
Gold ended the week down by 1.44% at $1321.82 an ounce, weighed down by a strengthening dollar and rising expectations for an interest rate increase this year.
The gold markets initially fell during the day on Tuesday, but we found enough support near the 1325 level to turn things around and bounce to form a bit of a hammer.