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 were under pressure on Monday as the US dollar and US Treasury yields rose, eroding demand for the precious metal.
Gold initially pulled back just a bit during the early hours on Monday only to turn around and show signs of life again.
At the start of this important trading week, the price of gold fell below $2,730 per ounce, pressured by a decline in the appeal of safe-haven assets after military strikes over the weekend were less severe than anticipated.
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The gold market continues to plow higher during the trading session on Thursday, but it's probably worth noting that we are giving back some of the early gains.
Gold prices extended their gains and hovered near record highs as safe-haven demand for the precious metal increased.
Despite the strong gains of the US dollar, the price of gold rose to around $2753 per ounce, trading at record levels, the highest in the history of the gold market.
In my daily analysis of the gold market, it’s quite easy to say that we are in a bullish trend, and I think that will continue to be the case.
At the beginning of this week, the price of gold rose to around $2740 per ounce, setting new record levels, driven by increased demand for safe-haven assets.
Gold initially rallied during the trading session on Monday, but then gave back the gains to show signs of hesitation.
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Gold futures hit another record high in daily trading, settling above $2,720 per ounce and adding to their impressive rally in 2024.
During my daily analysis of the gold market, I can see clearly that we are breaking out to the upside, and it looks like gold is going to continue to power higher.
In my daily analysis of the gold markets, the first thing that comes to mind is that we have just broken out.
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Gold touched the $2685 level on Wednesday, an area that previously was the swing high and the all-time high in the market, but it did retreat from there.
Gold prices surged to around $2,685 per ounce today, Thursday, trading at record highs, as dovish expectations from major global central banks and a slight
Gold prices continued their losses on Tuesday, falling to the support level of $2,638 per ounce, as the US dollar strengthened against a basket of major currencies, impacting demand for the precious metal.