Gold Price Forecast for Next Week

Gold Price Forecast for Next Week (6th  - 10th October 2025)

Gold prices hovered near record highs given the soaring safe-haven demand amid global uncertainties, including the U.S. government shutdown and expectations of further Federal Reserve rate cuts. The rally was further fuelled by a weakening U.S. dollar and declining Treasury yields, prompting investors to seek refuge in gold as a store of value.

Comex Gold spot has made its another all-time high in past week, having a weekly rise of nearly +3.38% and managed to close on a bullish note at $3885 / ounce.

Gold price has continued to incline for the 7th consecutive week, made another peak level in Indian market at 118,444, got settle at 118,100. Price has breakthrough the hurdle of Rising channel in previous week and continued to trade over its all key moving averages i.e. 50, 100 and 200-DEMA levels placed at 106948, 102098 and 95255 respectively. Daily SAR is placed at 114542. Next resistance would be at a psychological level in the uncharted zone at 120,000. Looking at momentum indicator, RSI levels are in the over-bought zone, over 80 levels on all key time-frames.

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 Avg. hourly earnings, Non-farm employment change, Unemployment rate and Unemployment claims which are scheduled to be release in next week. These data release may impact because of US shutdown and subject to delay or cancel.

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Prediction given by Technical Research Team - Choice.