Voted #1 Blog and #1 Brokerage Services on TraderPlanet for 2016!!
What are the Best Approaches for Long-Term Gold Futures Price Forecasting?
Author: Mark O’Brien, Senior Broker at Cannon Trading Co, Inc.
There is no easy answer to what the best strategy is to predicting price movement in gold futures, much less any other commodity. Given that rather glum starting point, there are approaches that analysts and economists use to forecast prices. One most commonly employed is the use of broad-based commodity indexes – in which prices of food, energy, other metals, lumber, etc. are aggregated to gauge overall commodity price inflation – or the lack thereof.