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Wall Street Predicts Decline in Gold Prices, Main Street Anticipates

Gold price outlook: Wall Street forecasts nearing $3,000

Can Gold Prices Drop 30%? - Forbes

This Significant Drop Was Followed

Veteran analyst who predicted gold prices would rally offers a

Wall Street worries about a near-term top, Main Street remains

This significant drop was followed by a rally on Thursday that saw gold reach a weekly high of $2,064.28, only to be pushed down once again on Friday morning due to a

Only Three Experts

Gold has outperformed the broader U.S. stock market this year, and Wall Street is turning more bullish on the precious metal.

Only three experts, representing 21%, expected to see gold prices climb higher next week, while eight analysts, fully 57%, predicted a price decline. Another three

Many on Wall Street expect the rally to continue well into 2025 and well past the $3,000 level. Overnight, Goldman Sachs raised its year-end gold price forecast for 2025 to

This Week

As Gold Nears $3,000, Wall Street Predicts It May Head Higher Still

This week, 14 analysts participated in the Kitco News Gold Survey, with Wall Street’s bullish sentiment returning to Earth after a few weeks in the stratosphere. 10 experts

Wall Street analysts have recently been boosting targets to catch up to rising gold prices. For example, Deutsche Bank targets $3,700 in 2025, up from $2,900 previously.

Gold Prices Have Seen Sharp

Wall Street sees gold price declines or consolidation next week

Gold prices have seen sharp declines before. Between 20, gold fell nearly 45% from its peak of $1,920 per ounce to $1,050 per ounce due to a strong dollar