Wall Street remains bullish on gold prices, but caution is still needed due to market volatility.

10 analysts participated in the prediction of next week's gold price. 9 (90%) expect the international gold price to rise further in the coming week, while 1 (10%) expects it to fall. 150 retail traders (68%) forecast that the international gold price will continue to rise next week, 38 (17%) predict a pullback, and 34 (15%) think there might be a period of volatility.

Some analysts also warn that, technically, the international gold price may be forming a head-and-shoulders top pattern. If it fails to reach new highs, the price could decline again, possibly dropping to around $3,300 per ounce. Next week, the Federal Reserve meeting minutes will be released, which will directly indicate how the Fed is balancing persistent inflation against signs of slowing economic growth.

Editor | Jiao Yang   Layout | Jiao Yang   Visuals | Zhang Zongwei 

Proofreading | Wang Bei   Review | Ni Jinhe