Gold sentiment is slightly bullish, but not enough to drive prices back above $1,800 next week

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Sean Lusk, co-director of commercial hedging at Walsh Trading, said that gold prices could struggle next week as he expects the Federal Reserve will signal that it will continue with aggressive interest rate hikes. "I would look to buy the dips on this correction, but not aggressively, because we just don't know what the Fed will do," he said. "Investors have to ask themselves, with a recession coming, do you want to hold equities or a safe haven asset like gold."

Meanwhile,495 votes were cast in online Main Street polls. Of these, 221 respondents, or 45%, looked for gold to rise next week. Another 177, or 36%, said it would be lower, while 97 voters, or 20%, were neutral in the near term.Main Street Bullish Bearish Neutral Sentiment among retail investors has dropped sharply from last week's five-month high; at the same time, interest in the precious metal has also fallen with low participation in this week's online surveys.

Gold's done nothing in a decade. Even a bank CD has a better rate of return.

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