Gold Price Forecast for Next Week

Gold Price Forecast for Next Week (29th December 2025 - 2nd January 2026)

Gold prices have reached new heights, trading above $4,500 per ounce, peaking at $4,575, marking a 71% increase year-to-date—the best annual performance since 1979. Central banks have significantly bolstered their reserves, moving away from the U.S. dollar and enhancing demand for gold. Strong inflows into gold-backed ETFs also indicate a growing interest in safe-haven assets, driven by geopolitical tensions and trade uncertainties. Additionally, anticipated Federal Reserve rate cuts are decreasing the opportunity cost of holding gold, while a weaker dollar makes it more appealing to international buyers. Despite mixed signals in Treasury yields, with the 10-year yield at 4.12% and down slightly, gold continues to reflect robust market dynamics. The latest GDP report revealed a 4.3% growth in the U.S. economy for the first quarter, the fastest since 2023, contributing to inflationary pressures that support gold prices.

MCX Gold February contract has continued to incline for the 7th consecutive week, inclined by +4.27% in past week and managed to settle at 139,940. Gold price are set to close for the 6th consecutive positive month with gains of more than 10% so far in December. Gold price has closed just over the resistance line of the Rising channel, sustaining over its key moving average i.e. 20, 50 and 100-DEMA levels placed at 133,240, 127,525 and 120,317 respectively. Daily SAR is currently placed at 135,370. Even though Gold price has surged in this week, we have observed the fall in OI levels compared to previous week’s closing levels which suggests the lack of new long buildups in this price-rise. OI levels declined from 15,620 lots to 14,860 lots. The momentum indicator, RSI remained overbought, above 80 in Daily, Weekly and Monthly charts.

The overall trend in Gold price is expected to be Moderately Bullish in the coming week, and traders should keep an eye on key US economic data such as Unemployment claims which are scheduled to be released next week.

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Prediction given by Technical Research Team - Choice.