Gold Price Forecast: Despite 4 Months of Red, Central Banks are Still Buying

Gold price chart

Key highlights:

  • Gold hits its longest losing streak since 2022 with three straight monthly declines, even as the uptrend holds.
  • Gold stays above the $4,000 breakout zone after an ~18% pullback from highs near $5,600.
  • Central bank demand, rising debt, and macro risks keep long-term gold interest strong despite short-term weakness.

, the gold price could move toward $4,355.09, which sits slightly below the current trading range.

 

Source:: Gold Price Forecast: Despite 4 Months of Red, Central Banks are Still Buying