According to Mining News Pro -Recent polls show a dramatic change in attitude toward the poll conducted last week, in which 74% of the investors pessimistic about the rise in gold prices. The survey was unprecedented in terms of investor pessimism over the three-year history of Kitskonez survey.
This time, of the 718 people who participated in the online survey of Microcosm of Ketekanuz, 326 people, or 45%, raised the price of gold and 277 people, or 39% lowered the price of the yellow metal, while 115% or 16% said the price trend Did not have gold.
Meanwhile, 17 people participated in Whitsunday Wall Street polls, of which 9 predict a 53 percent increase in gold and 2 percent or 12 percent decline in gold prices this week; 6 percent or 35 percent said they did not.
For the past week, 57 percent of Wall Street experts had raised prices and 74 percent of investors had predicted a decline in gold prices.
On Friday, the US market traded gold for December delivery of $ 19.30 or 1.6 percent, closing at $ 1213.30, the highest in the last three weeks, and the largest one-day increase in gold since March. Gold recorded a 2.5 percent increase over the past week, the first weekly rise in prices after a six-week low.
Adrian Dee, chairman and CEO of Adrian Di`s Asset Management Company, had a cautious optimism about the short term prospect of gold. He said gold is too low, but may not improve immediately. Concerns about the impact of the war on tariffs on the global economy, and especially emerging markets, has hit the demand for gold due to the Turkish currency crisis.
Richard Baker, secretary of the orka-miner magazine, was also optimistic, saying gold could follow China`s yuan.
But Daniel Pavillon, a commodity broker at RG Futures, expects gold to drop because of the reverse relationship with the US dollar. He said the dollar would be stronger and the funds would be in dollars.
In the meantime, Afshin Navabi, director of MKS trading, predicted that the gold market would remain stable between $ 1,180 and $ 1,210.