UPDATE Gold Price Analysis June 2020 | Gold Jumps to 1 Month High

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Concerns over an impending second wave of the coronavirus outbreak have yet again influenced the gold price analysis as the yellow metal futures finished rather high on Friday. Up until Apple announced it was starting to close its stores again, the gold price remained rather flat. But once the news hit, the gold chart registered some pretty rapid upwards movement.

And so we saw the gold analysis stop at the mark of $ This was a rather critical clearing of the $ pivot, which is likely to see a continued uptrend in the gold price analysis (June). And given the gold price today, at least in the short-term, the gold price forecast seems to promise more gains as long as buyers can sustain this move and keep it above the pivot. But will this upwards momentum in the gold price chart persist in the long-term?

Watch our full gold chart analysis and tell us below about what you think of our gold price prediction for the coming weeks.

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