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Bob Haberkorn, senior market strategist at RJO Futures, said that while there is growing interest in gold, he expects prices to tread water around current levels as a new catalyst is needed to push prices back above $1,800 an ounce. Meanwhile, 1,054 votes were cast in an online Main Street poll. Of these, 667 respondents, or 63%, looked for gold to rise next week. Another 253, or 24%, said it would be lower, while 134 voters, or 13%, were neutral in the near term.Main Street Bullish Bearish Neutral Not only are retail investors extremely bullish on gold, but participation in this week's survey jumped to its highest level since late September.
Colin Cieszynski, chief market strategist at SIA Wealth Management, said that he remains bullish on gold as he expects the U.S. dollar to have peaked.