The overall sentiment is bullish for gold next week with the U.S. dollar, safe-haven demand, and heightened volatility selected as the top three triggers that could push the yellow metal higher in the short term.
gold price future prediction 2020
Spot Gold Below 1513 Target and Support Zone $1412 – $1392
Spot Gold surged on Tuesday, rebounding from a five-session decline after the Federal Reserve’s announcement to boostlending eased fears over a crunch in liquidity. It wasn’t safehaven buying that drove gold prices higher. We know that because Treasury and the U.S.Dollar are the true safehavens.