Gold price outlook forecast the latest gold price outlook forecast

The latest gold price outlook forecast suggests a strong bullish bias, driven by central bank purchases that exceeded 60 tonnes in May. Market analysts highlight that XAUUSD’s correlation with equity volatility remains elevated, indicating risk-off sentiment. ‘From a technical standpoint, both gold and silver are looking stretched—we’re clearly in overbought territory. That leaves the assets vulnerable to a near-term shakeout if the macro fundamentals shift. A strong NFP report or a more hawkish Fed pivot could take some air out of the trade, while any de-escalation on the geopolitical front would also sap safe-haven flows. In other words, positioning looks crowded, and the risk of near-term correction increases’, notes Kar Yong Ang. At the same time, speculative positioning in derivatives markets by large investors like hedge funds appears significantly bullish on gold. The amount of net long gold bets on the futures and options exchange COMEX is in its 73rd percentile since 2014 as speculators build up their long positions betting on gold prices to rise. Gold price outlook forecast sees spot gold stabilizing despite stronger USD index at 104.8, indicating resilience from physical demand in Asia. Shanghai premiums remain above $50/oz, supporting international market sentiment.