Last week, world gold continued to trade in the neutral zone when the US Federal Reserve (Fed) kept interest rates unchanged at the September monetary policy meeting and signaled the possibility of at least one increase. again in 2023 and that interest rates will need to stay higher for longer.
Kitco News' latest gold survey shows that market analysts and retail investors expect gold to increase in price this week. Specifically, among Wall Street analysts participating in the survey, 46% predicted gold prices would rise higher, 15% predicted prices would decrease, and 38% had a neutral view on gold. Meanwhile, 49% of retail investors believe that gold will increase, 35% predict the price will decrease, and 15% maintain a neutral view in the near future.
The latest survey shows that retail investors expect gold prices to trade around 1,936 USD/ounce this week, 12 USD higher than last week's prediction.
Kitco News' latest gold survey shows that market analysts and retail investors expect gold to increase in price this week. Specifically, among Wall Street analysts participating in the survey, 46% predicted gold prices would rise higher, 15% predicted prices would decrease, and 38% had a neutral view on gold. Meanwhile, 49% of retail investors believe that gold will increase, 35% predict the price will decrease, and 15% maintain a neutral view in the near future.
The latest survey shows that retail investors expect gold prices to trade around 1,936 USD/ounce this week, 12 USD higher than last week's prediction.
TP 1: 1906
TP 2: 1908
SL: 1891