Gold price short term forecast aligns with seasonal patterns

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Gold price short term forecast aligns with seasonal patterns, as late Q2 historically delivers moderate gains before mid-year rebalancing. Traders remain alert to breakout setups. Terms and Privacy Policy Your Privacy Choices CA Privacy Notice More Info Let’s look at silver’s recent history. The highest price for silver was just under US$50 in the 1970s, and it came close to that level again in 2011. The commodity’s price uptick came on the back of very strong silver investment demand. While it has yet to reach these levels again, the silver price has increased significantly in recent years. The gold price short term forecast reflects a stable upward bias, bolstered by central bank purchases and reduced treasury yields. Technical patterns suggest a possible breakout if momentum sustains into the next trading cycle.

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