It is forecasted that gold will increase slightly today then dec
Global spot gold prices fell last week after a hot day due to the political conflict between Israel and Hamas since early October. The precious metal remained above $1,930 an ounce, but failed to cross the threshold. Mental resistance is $2,000.
A Kitco News survey of 12 Wall Street analysts and 319 retail investors found that these two groups have different expectations for gold prices next week.
In contrast to the previous week's positive sentiment, most analysts predicted a negative outcome for gold in the short term. Eight experts predicted a fall in gold prices, and only three said they expected prices to rise next week. Regarding the retail investor group, more than 180 people, or 57%, expected the price of gold to rise, while only 28% expected the price to fall next week.
A Kitco News survey of 12 Wall Street analysts and 319 retail investors found that these two groups have different expectations for gold prices next week.
In contrast to the previous week's positive sentiment, most analysts predicted a negative outcome for gold in the short term. Eight experts predicted a fall in gold prices, and only three said they expected prices to rise next week. Regarding the retail investor group, more than 180 people, or 57%, expected the price of gold to rise, while only 28% expected the price to fall next week.
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