Precious metals

USDJPY, Gold Forecast: Tokyo’s core CPI data kept Bank of Japan (BOJ) rate hike expectations alive on Friday, with an uptick to 2.4%. Meanwhile, gold continues to thrive on safe-haven demand, reaching record highs above $3,080 per ounce.

Gold has pushed through record highs, while silver’s breakout continues to gain traction. If the latest tariff risks materialise, the rally could be far from over.

After easing slightly at the end of last week, gold has struggled to find renewed bullish momentum so far this week. So far, this hasn't raised any alarm bells over the gold outlook, which remains positive. But there are a few factors worth considering which could undermine the rally.

After easing a little at the end of last week, gold prices bounced back in the first half of Monday’s session as the US dollar weakened against a basket of foreign currencies.

Gold traders were awaiting the outcome of the call between the Presidents of the US and Russia regarding the potential ceasefire agreement for Ukraine. Any positive developments in this regard could undermine haven assets somewhat in favour of riskier assets. So, while the gold outlook is bullish for now, things could change if there are any positive developments in the Ukraine peace talks.

Gold Forecast: Market uncertainty from trade wars, geopolitical tensions, and a weakening US Dollar has driven gold past $3,000 ahead of the FOMC meeting. The key question now—where is the next resistance?

Gold burst to the $3,000 per ounce threshold last week – a landmark moment for the precious metal. After Friday’s breakout, a modest retreat followed as traders pocketed profits, but gold remains perched near its highs as Monday’s European session heads to the close.

Silver’s breakout above $33 is putting bulls to the test—can momentum carry it toward $34.87, or is another failure imminent?

Key events this week, including US CPI data, Federal Reserve Chair Jerome Powell’s testimony, and corporate earnings, could inject further volatility into the markets and impact the gold forecast.

USDJPY, Gold Outlook: New Trump tariffs this week, including a 25% levy on steel and aluminum imports, are escalating trade war risks, pushing gold to record highs above $2,890 and keeping the U.S. dollar supported above the 108-mark.

Silver remains resilient despite US dollar strength and higher yields. With key producers China and Mexico facing trade tensions, silver's bullish potential is on the rise.

Gold prices are edging higher again, up 0.3% on the session, and on track for a sixth consecutive weekly gain – barring a negative reaction to the upcoming US jobs report. But what’s fuelling this rally, and can it continue? In this gold forecast, we’ll break down the key drivers and potential risks ahead.

GBPUSD, Silver Outlook: GBPUSD remains resilient in its bullish rebound against the US Dollar, despite market expectations of a 25-bps rate cut by the BOE later today. Meanwhile, Silver's haven-driven momentum appears exhausted, similar to Gold.

EURUSD, Gold Forecast: As Trump tariff risks involving Canada, Mexico, China, and the EU return to the headlines, the US Dollar Index (DXY) surged on inflation momentum, while global markets plunged. However, safe-haven assets may remain resilient.

Silver bulls have finally cracked stubborn resistance, but can they maintain momentum? With gold hitting record highs, is this the beginning of a broader breakout for the precious metals complex?

USDJPY, Gold Forecast: The USDJPY pair braces for heightened volatility between Wednesday’s FOMC meeting and Friday’s Tokyo CPI release, while gold maintains its haven drive near record highs amid persistent inflation and trade war risks.

EURUSD, Gold Forecast: EURUSD sustains its rebound above parity, while gold tests the $2730 resistance. Trump's return to the markets challenges the sustainability of the bullish rebounds.