Gold price trend forecast on July 8
As of July 6, 2025, the international gold price fluctuates in the range of 3250-3350.
Affected by multiple factors, market sentiment is obviously divided.
The following are the key points and forecasts for next week's trend:
(1): Divergence in interest rate cut expectations: The probability of a rate cut in September has dropped to 47%.
(2): Weaker US dollar index: If the Fed postpones the rate cut, the US dollar may rebound in the short term, suppressing gold prices.
(3): Geopolitical risks: The situation in the Middle East has eased, and gold prices may fall due to safe-haven demand.
Russia-Ukraine conflict: If the ceasefire negotiations make progress, the safe-haven premium of gold may further subside.
(4): Central bank gold purchases and market supply and demand
Global central banks continue to increase their holdings: In the first quarter of 2025, global central banks net purchased 289 tons of gold, but the People's Bank of China has suspended its purchases for two consecutive months. The market is paying attention to subsequent trends.
Gold ETF fund outflow: SPDR Gold Trust holdings fell to 942 tons (the lowest since November 2024), indicating the withdrawal of short-term speculative funds.
(5) Technical analysis
Key support level: US$3,310. If it falls below, it may fall to US$3,280.
Resistance level: US$3,360. A new round of gains can only be confirmed if it breaks through US$3,400.
4. Investment advice
Short-term trading: Pay attention to the breakthrough of the US$3,300-3,350 range and adopt a high-sell-low-buy strategy.
As of July 6, 2025, the international gold price fluctuates in the range of 3250-3350.
Affected by multiple factors, market sentiment is obviously divided.
The following are the key points and forecasts for next week's trend:
(1): Divergence in interest rate cut expectations: The probability of a rate cut in September has dropped to 47%.
(2): Weaker US dollar index: If the Fed postpones the rate cut, the US dollar may rebound in the short term, suppressing gold prices.
(3): Geopolitical risks: The situation in the Middle East has eased, and gold prices may fall due to safe-haven demand.
Russia-Ukraine conflict: If the ceasefire negotiations make progress, the safe-haven premium of gold may further subside.
(4): Central bank gold purchases and market supply and demand
Global central banks continue to increase their holdings: In the first quarter of 2025, global central banks net purchased 289 tons of gold, but the People's Bank of China has suspended its purchases for two consecutive months. The market is paying attention to subsequent trends.
Gold ETF fund outflow: SPDR Gold Trust holdings fell to 942 tons (the lowest since November 2024), indicating the withdrawal of short-term speculative funds.
(5) Technical analysis
Key support level: US$3,310. If it falls below, it may fall to US$3,280.
Resistance level: US$3,360. A new round of gains can only be confirmed if it breaks through US$3,400.
4. Investment advice
Short-term trading: Pay attention to the breakthrough of the US$3,300-3,350 range and adopt a high-sell-low-buy strategy.
Free Signals：
t.me/+Hy1szYIVKdkzNzM0
Choice is more important than effort
t.me/+Hy1szYIVKdkzNzM0
Choice is more important than effort
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Free Signals：
t.me/+Hy1szYIVKdkzNzM0
Choice is more important than effort
t.me/+Hy1szYIVKdkzNzM0
Choice is more important than effort
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.