The gold price forecast near term points towards a possible test of $2,350/oz, driven by increased ETF inflows and a weakening U.S. dollar index below In contrast, analysts at firms such as RBC Capital Markets have expressed caution, citing Wesdome’s revised fiscal 2025 guidance and reduced output expectations at the Kiena mine. This has led to price target reductions, including a shift from CA$21.00 to CA$19.50 in one instance. This blog post is part of a special series based on the April 2025 Commodity Markets Outlook, a flagship report published by the World Bank. This series features concise summaries of commodity-specific sections extracted from the report. Explore the full report here . Seasonality factors also play into the gold price forecast near term, with stronger demand historically in Q3 from jewelry markets in India ahead of festive season buying. $2,310 remains a key pivot level for short-term traders.
