The gold price forecast next month remains sensitive to mining output updates, with recent Q1 production reports signaling flat growth, potentially supporting a supply-driven bullish narrative. Spot prices had hit a record high of $3,896.49 earlier in the session amid the ongoing U.S. government shutdown. The strength of the US dollar and US Federal Reserve interest rate changes are factors that will continue to affect the precious metal, as are geopolitical issues and supply and demand dynamics. Market strategists expect gold price forecast next month to reflect some consolidation after a 4% gain in the last quarter. Technical momentum indicators such as RSI remain near 60, which historically supports continued upside potential unless Treasury yields spike sharply.
