Gold price forecast June 2024

I present to you our followers the weekly analysis of gold prices for the month of May 2024 until June 2021. I expect the continued rise in US gold prices in the coming weeks.

Gold price forecast 2024

Gold contracts fell today, Thursday, April 28, 2024 towards their lowest levels in more than two weeks, due to the strength of the US dollar and the increase in bond yields amid optimism about a rapidly expected economic recovery due to the massive vaccinations and financial facilities campaign in the United States last week, and the rise in gold prices is likely to continue. Throughout May 2022

Gold Price forecast next weeks

Accordingly, gold contracts fell by 0.92% to reach the level of $ 1,689.10 an ounce, and yesterday the contracts reached $ 1,704.90 levels, the lowest levels since March 12, 2024 however gold prices are still strong and moving in a bullish wave and will not stop until the end of June 2024.

Gold Price prediction

The dollar rose to 110.29 levels against the yen, levels not seen since last March. This will revive gold prices and will move strongly during June 2024, and the pair is currently on its way to record its best monthly performance since late 2016, with the end of the Japanese fiscal year this month, which led to an increase in demand for the dollar as companies seek to settle their account. Thus, we are with the bullish wave of gold prices during the next week and June 2024

Gold Price prediction