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Research

Gold outlook: Precious metal edges closer to May ATH

Our gold outlook remains positive. The metal’s performance has been bolstered by a weaker dollar and reduced bond yields. Its strong gains in 2024 have reinforced its status as a reliable asset for wealth preservation amidst rising prices.

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Gold outlook: Metal could hit a new record high

Gold turned positive on the session after a quiet start, testing short-term resistance around $2420 at the time of writing.

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July 15, 2024 02:30 PM
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Gold weekly forecast: Powell pivot to power fresh record highs?

Rate cut expectations from the Federal Reserve are back driving the gold price, making it a relatively easy task of knowing what to focus on in the week ahead. The challenge is knowing how they may evolve given multiple rate cuts are already priced over the remainder of the year.

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Silver forecast: gold and silver set stage to extend 2024 gains

This week, it is all about US inflation, which puts the dollar and dollar-denominated assets like gold and silver in sharp focus. Despite their weaker start to the week, gold and silver may have long ways to go on the upside, I reckon. Our gold and silver forecast both remain positive.

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Gold forecast: Could the metal shine more brightly in July?

Today’s flattish performance of gold mirrors that of last month when gold traded mixed but managed to end as flat as a pancake by the close of play on Friday. The Dollar Index posted a slight monthly gain, indicating that gold investors largely ignored the dollar's strength. Throughout June, gold traded within a narrow range, peaking just above $2387 and bottoming just below $2287.

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July 1, 2024 05:30 PM
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Gold forecast: XAUUSD defends support ahead of key data and elections

Gold and silver have been on the rise in the last couple of days, recovering from weakness earlier in the week. Once again, gold has risen alongside equity markets, suggesting the recovery is not entirely driven by haven flows amid uncertainty surrounding the upcoming French snap elections, which appears to have only impacted the local stock and bond, as well as regional, markets.

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Gold and silver forecast: Metals continue bullish consolidation – Technical Tuesday

Election uncertainty in France and upcoming key US data are some of the risk factors keeping a lid on gold (XAUUSD) and silver (XAGUSD) prices. Still, both of our gold and silver forecast remains bullish. Their ongoing consolidation phase should not be mistaken for a sign of weakness.

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June 25, 2024 01:30 PM
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Silver’s bullish break under threat with aggressive sellers parked above

It could be an important day for silver, threatening to break the uptrend that kicked off the bullish run back in February. Given the importance of this level, it comes across as an ideal level to build a trade around, regardless of how the price action evolves from here.

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Gold, silver forecast: Metals drop to test key support levels

In the months ahead, our gold and silver outlook remains positive. Inflation continues to rise in the US, and although it has significantly decreased in Europe and other regions, the risk of deflation is minimal, particularly with the recent surge in oil prices.

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June 21, 2024 05:10 PM
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Gold forecast: Will XAU/USD rise on lower yields?

Gold has started the new week on the back foot after climbing more than 1% on Friday, to post a positive close on the week which ended a three-week losing streak.

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June 17, 2024 08:32 AM
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Gold forecast remains bullish post CPI and FOMC

Gold couldn’t hold onto its post-CPI gains on Wednesday after Powell was a little more hawkish than expected at the FOMC press conference last night. Traders have been a little cautious to buy the dip ahead of today’s key US data – namely, PPI inflation figures, due for release at 13:30 BST.

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June 13, 2024 11:30 AM
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Gold Wrap, Silver Lining: June 11, 2024

A multi-timeframe view of gold suggests $2600 could be its next upside target on its way to $3000 (just don't hold your breath). For now, gold and silver could find some support ahead of a key US inflation report and FOMC meeting.

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Gold, copper, silver forecast: Metals drop on NFP, China concerns

Concerns over China and a hot labour market report in the US caused metals to fall sharply. However, the long-term gold forecast remains positive despite the recent struggles, even if prices were to weaken further in the short-term outlook.

Gold nuggets

Gold, silver outlook still positive but in need of fresh bull signals

Investors have so far resisted the temptations of picking up silver’s dip back below the $30 handle, following the metal’s big breakout in the last couple of months. However, the long-term silver outlook remains bullish, and I am expecting the short-term selling pressure to ease soon.

Gold nuggets

The mild rebound for gold and copper wreaks of a dead-cat bounce

Gold and copper have made mild attempt to recoup last week's losses, which puts us on alert for a potential 'dead cat bounce'. Whilst silver’s rebound has been much more impressive, resistance looms.

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Gold outlook remains positive despite drop ahead of FOMC minutes

More evidence is needed to confirm gold has peaked, for the latest pullback could just be driven by short-term profit-taking. My gold outlook remains bullish and expect an eventual rise to $2500.

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May 22, 2024 05:00 PM
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Gold and Silver forecast: Metals hit fresh 2024 highs

Our gold and silver forecast remains positive and reckon new records could be on the way for the former and fresh 2024 gains for the latter, following last week's big silver rally. Precious metals have found additional support from a weaker US dollar.

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Silver extremely overbought after bullish break, resistance zone looms on the horizon

Having taken out its 2021 high on Friday, silver has extended the bullish break on Monday, powering its way above $32 per ounce on the back of big gains in Chinese commodity futures. Given the speed of the rally, silver is fast approaching $35, a level it struggled to overcome in the early 2010s.

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May 20, 2024 04:47 AM
Research

Silver analysis: precious metal takes out $30

Our silver analysis suggests that the precious metal could potentially rise far beyond the $30 level, if the recent gains by gold and copper are anything to go by and in light of the big technical breakout from a multi-year consolidation pattern.

Research

Silver analysis: Precious metal about to break $30 barrier

Following the release of more disappointing US data, silver now looks poised to hit that key $30 level and potentially rise far beyond that level, if the recent gains by gold and copper are anything to go by.

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Gold forecast boosted by weaker US dollar ahead of CPI

How is the metal likely to react to today’s CPI data? Well, it may not be quite straight forward as I have explained in this article. CPI is expected to have moderated in April to 3.4% y/y from 3.5% previously.

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May 15, 2024 12:00 PM
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Gold forecast remains positive as metal eases on profit-taking

Today’s 1% drop in gold prices appears to be driven by profit-taking, as it comes amid a quiet day for data and follows a decent 2.5% rally last week. However, our gold forecast remains bullish, with the precious metal potentially heading towards its third consecutive month of gains.

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May 13, 2024 04:00 PM
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Gold forecast remains bullish despite dollar strength this week

The greenback was higher again at the time of writing, which partly explains the earlier weakness in metals prices. Despite that, though, gold and silver recovered from their earlier weaknesses along with equity indices once US investors entered the fray.

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May 8, 2024 05:00 PM