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 results of the European elections, the Brexit trajectory after May's resignation and the continuation of US-Chinese trade tensions are all likely to support stronger gains for gold
Gold markets rallied rather significantly during the trading session on Thursday, breaking above the 200 day EMA, reaching towards the $1285 level before finding plenty of selling.
For the sixth day in a row, gold prices moved downward to the support level of $1274 an ounce, with stronger gains for the US dollar, which is second only to the Japanese yen in gaining safe haven gains as the US-China trade war recently intensified.
A final and formal agreement that ends the trade dispute between the United States and China will continue to be a factor contributing to stronger gains in gold prices,
Trump's recent comments, which bear the prospect of reconciling with China after lifting tariffs by both on each other’s products, eased investors' fears and helped stop gold price gains to move towards $1293 an ounce after a stronger gain reached to $1303 per ounce.
