How Do Public Investors Continue To Look At The Future Trend Of Gold?

Gold is again refreshed for five and a half years this week, and gold prices seem to be showing signs of recovery in the second half of this week.

But overall, the market remains pessimistic this week.

Kitco released the gold survey results this week on Friday (November 20th). Among them, the public investors are still watching the next week's trend of gold, while experts do not see eye to eye.

COMEX gold futures in December hit a low of $1062 this week, and spot gold fell to $1065.

This is the first time since February 2010.

The price rebounded back to around $1080 at the end of the weekend.

The Federal Reserve's expectation of raising interest rates in December and the rising US dollar remain the biggest downward pressure on the gold market.

This week, 615 public investors took part in the gold survey.

Market sentiment is still dominated by bearish.

Among the public investors surveyed, 342, or 56%, saw the gold price next week; 212, or 34%, saw more gold prices next week; another 61, or 10%, held a neutral view of gold prices.

Market professionals are relatively different in opinion.

Of the 37 experts interviewed, only 10 responded. 4 or 40% thought gold prices would go higher next week; 4 or 40% thought gold prices would go down next week; 2 or 20% thought gold prices might be levelled next week.

Professionals interviewed include gold traders, investment banking analysts, futures traders and technical analysts.

George Gero, an analyst at RBC, said he still continued to be cautious and wait-and-see, but slightly watched the price of gold next week.

He pointed out that "

Interest rate hike has now been included in the gold price. The rate hike in December is expected to be widely expected.

And spot goods such as jewelry and coins will be affected by low prices and sales will rise.

Adrian Day, President of Adrian Day Asset Management, expressed her support for Gero.

He believes that gold has been included in the price increase in December.

The future trend is good news.

He said, "the sword of the Federal Reserve raising interest rates is still hanging over the gold market, but at the same time, the minutes also show that even if interest rates are raised, the whole process will be gradual.

The Fed will not be too impatient.

And that's good news for gold. "

Market analyst Ken Morrison said he thought next week.

There will be a small rebound trend that will probably rise to somewhere between 1095 and 1100 dollars.

CMC Markets market analyst Colin Cieszynski said he was neutral about next week's gold price.

He expects gold to stay in the interval, especially next week's Thanksgiving holiday in the United States, and the market is relatively light.

"I think gold has been oversold," he said.

At present, a 1070 to 1100 trading range is being constructed.

Thanksgiving holidays are approaching in the US.

I think gold will remain within this range. "

Eureka Miner Report edited Richard Baker and Heritage West Financial hedge fund analyst Ralph Preston is not optimistic about next week's gold, and Ralph even said gold might go into a bigger slide.

Richard Baker said, "in view of the recent weakening of commodities, the strength of the US dollar and the decline in global demand, stocks are rising.

The overall price trend of metals is downward.

This will create pressure on the gold market. "