Gold (XAUUSD) & Silver Price Forecast: Gold Bounces From One-Year Low, Can It Clear $3,903?

Gold (XAUUSD) and silver price forecast: gold bounces from its lowest since October 2025 but stays below $3,903, while silver tests $49.67 support.

Gold Bounces From One-Year Low but Heads for Weekly LossGold rose on Friday as bargain hunters returned after prices hit their lowest level since October 2025 on Thursday, but the metal was still on track for a weekly decline, Reuters reported.

Spot gold climbed 1.1% to $3,918.59 by 05:18 GMT, and investors now turn to US producer price data due at 13:30 GMT.

Gold: Oversold, Not Out of the WoodsOn Thursday, oil prices rose on fading hopes for peace in the Middle East, which revived fears of higher inflation and elevated interest rates, Reuters said.

“A short-term driver that could be bullish for gold will be a sudden turn of the US Treasury yield,” he said, adding that it would potentially slow down the US dollar.

Markets price an 89% chance of a quarter-point Fed hike in December and an 11% chance of a half-point move, according to CME’s FedWatch tool, which turns futures prices into rate odds.

Silver: Lagging the Rebound Spot silver rose 0.5% to $50.27 on Friday but was headed for a weekly decline, and palladium was also on track for a weekly loss, Reuters said.

Gold Technical Analysis: XAU/USD Bounces From $3,852 but Stays Below $3,903Gold Price Chart Gold is trading near $3,896 on the 4-hour chart.

Silver Technical Analysis: XAG/USD Tests $49.67 Support After Trendline Rejection Silver Price Chart Silver is trading near $49.92 on the 2-hour chart.