Survey: Experts are taking a wait-and-see attitude towards gold in the near future, while retail investors continue to be optimistic.
The latest gold survey shows that industry experts are taking a wait-and-see attitude towards the recent outlook for gold, while retail investors are strengthening their bullish stance. A Kitco survey of 14 analysts shows that after a lackluster performance this week, Wall Street's view on the price of gold is relatively neutral. 5 experts predict that the price of gold will rise in the next week, 4 analysts predict that the price of gold will fall. The remaining 5 analysts expect the price of gold to consolidate next week. In addition, in an online poll, 243 people voted in favor, with Main Street continuing to be bullish on gold after a slight optimism last week. 143 retail traders expect the price of gold to rise next week, while 49 expect the price of gold to fall. The remaining 51 investors believe that the price of gold will consolidate again in the next week.
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