Gold price forecast analysis shows momentum indicators, such as RSI and MACD, leaning towards bullish continuation. Any break above $2,335 may trigger algorithmic buying by commodity funds. The rally in gold prices, driven by a host of factors, further underscores the need for investors to stay vigilant and diversify their investment portfolios to mitigate risks. As ever, data suggesting the Federal Reserve outlook is to become more dovish will likely support metal pricing further, with the opposite being true if the Fed is seen to become more hawkish ahead of their October decision. In recent gold price forecast analysis, supply constraints and rising mining costs are tightening physical markets. Spot gold is eyed by portfolio managers as a hedge against equity market corrections.
