Gold price forecast the gold price forecast for June 2024

The gold price forecast for June 2024 shows continued bullish sentiment, with spot gold trading near $2,350/oz as investors hedge against persistent inflation and geopolitical risk. Analysts expect potential resistance around $2, US Treasury Secretary Scott Bessent warned on Wednesday that the government shutdown could hurt the economy more than those in the past, with potential hits to the GDP, growth, and the labor market. Traders, however, brushed aside worries amid expectations of a limited impact of a partial government shutdown on the economic performance. Amazon Worst Nightmare: Shoppers Are Canceling Prime For This Clever Hack Daily gold price forecast sees spot movement steady around $2,345, with buyers ready to defend the crucial $2,340 support if macro data aligns.