
Gold outlook: Metal rebounds but downside risks persist
For now, at least, my near-term gold outlook remains modestly bearish, even if I have a strong long-term bullish bias towards gold and especially silver.
As conflict escalates in the Middle East, uncertainty around oil supply is driving moves across global markets. Manage your risk with a trusted, global broker.
*
Trading during times of volatility is extremely risky, and not suitable for all investors. You should only trade with funds you can afford to lose. Past performance is not indicative of future results.

For now, at least, my near-term gold outlook remains modestly bearish, even if I have a strong long-term bullish bias towards gold and especially silver.

EUR/USD was mired in an aggressive continuation of the sell-off after CPI yesterday, but a strong rally from the lows illustrates a stretched marked showing elements of exhaustion.

The US Dollar is testing major support despite hotter inflation as Fed pushback cools yields and forces markets to reassess the path for tightening.
Enhance your trading with powerful tools designed to support smarter decisions. Whether you're utilising our advanced charting package or tracking your habits in real time with Performance Analytics, you’ll have the insights and structure you need to stay disciplined — even in volatile markets.
Although appealing for a variety of reasons, automated trading systems should not be considered a substitute for carefully executed trading. Technology failures can happen, and as such, these systems do require monitoring. Remember, you should have some trading experience and knowledge before you decide to use automated trading systems and you should understand the risks involved.
Third-party software and/or apps are obtained from companies not affiliated with FOREX.com, and are provided for informational purposes only. While the information is deemed reliable, FOREX.com does not guarantee its accuracy or completeness for any purpose, and makes no warranties with respect to the results to be obtained from its use. Neither FOREX.com nor its information providers make any representations about the suitability of the information, software, products, or services. As such, if you elect to use any third party trading software and applications, you do so at your sole discretion and risk. FOREX.com is not responsible for any damages or losses arising from the use of any third party software, apps and services elected for your personal use. FOREX.com makes no representation or warranties of any kind associated to any software and/or app.
A wealth of risk management tools designed specifically to help you with your trading plan, whether you're a beginner or refining your existing strategy.
Explore opportunities 24/5 with flexible trade sizes.
Stay informed with real-time insights, analysis and professional insights.
As a brand owned by a publicly traded company, we hold ourselves to the highest standards of corporate governance and financial security.
We are a wholly-owned subsidiary of StoneX Group Inc. (NASDAQ: SNEX), a publicly traded company. We hold ourselves to the highest standards of corporate governance, financial reporting and disclosure.
FOREX.com is a wholly-owned subsidiary of StoneX Group Inc. (NASDAQ: SNEX), a publicly traded company, and meets the highest standards of corporate governance, financial reporting and disclosure.
StoneX has a proven record of financial strength and stability, with resources to continue to innovate and lead the industry forward.
StoneX Group Inc. key financial data as of December 2024
*
StoneX Group Inc. key financial data as of June 2025
Apply
for a trading account
Fund
easily and securely
Trade
our full range of markets