Weekly Gold Price Forecast: Into the Jackson Hole Vortex

Weekly Gold Price Forecast: Into the Jackson Hole Vortex

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Traders shouldn’t be surprised if gold prices spend most of the week trading sideways ahead of the Federal Reserve’s Jackson Hole Economic Policy Symposium.

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Get today’s forex trading news, as well as insights and analysis from the DailyFX team. We provide up-to-date forex market news from around the world to help you react to changes in price forecasts and market sentiment.

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Weekly currency forecast

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Market Outlook

US
Market
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Gold prices remain overbought on a long-term basis but have pulled back to a key area of short-term support. How aggressive will bulls remain to be?
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EURO
Market
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The US Dollar may rise against the Euro if University of Michigan sentiment reports sap confidence, driving demand for liquidity and subsequently pushing the Greenback higher.
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ASIA
Market
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The Euro downtrend is in focus after the ECB dialed up stimulus expectations. NZD/USD is also at risk after New Zealand manufacturing PMI contracted by the most since 2012.
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