Experts Predict Gold Prices to Rise Next Week Amid Dollar Weakness

The gold price is expected to rise next week based on various factors. A survey of Wall Street experts by a precious metals website showed that 8 out of 11 analysts expect gold prices to increase, while no experts predict a decline.

Nearly 78% of individual investors in an online survey also expect gold prices to rise next week.

The weakening US dollar is one factor supporting gold prices. When the greenback depreciates, gold becomes more attractive to investors holding other currencies, boosting buying demand.

Fiscal and geopolitical concerns are also driving up safe-haven demand for gold. Issues related to the US public debt level, increasing interest payment costs, and concerns about fiscal health have led investors to seek assets that can protect value.