Gold's journey to reaching record highs is expected to be complex due to the US Federal Reserve's aggressive monetary policy and the persistent high inflation. The recent Kitco News survey received mixed responses from analysts, with an equal number of them feeling optimistic and pessimistic about the gold price trend.
However, a majority of individual investors still believe that the precious metal will make a comeback. Out of the 19 Wall Street analysts who participated in the survey, 42% expect gold to increase next week, while another 42% predict a decline. Only 16% of them forecast the price to remain flat.
However, a majority of individual investors still believe that the precious metal will make a comeback. Out of the 19 Wall Street analysts who participated in the survey, 42% expect gold to increase next week, while another 42% predict a decline. Only 16% of them forecast the price to remain flat.
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