Lower Prices Seen For Gold Market Next Week

Source: Kitco News, Debbie Carlson (9/16/11)

"Those who see lower prices for next week cite both the resurgence in the U.S. dollar and technical chart patterns."

Kitco News, Debbie Carlson

Weakness in technical charts in the short term and investors returning to other, riskier markets like equities could weigh on gold prices next week, according to participants in the Kitco News Gold Survey.

In the Kitco News Gold Survey, 28 out of 34 participants responded. Of those 28 participants, nine see prices up, while 15 see prices down and four see prices sideways or unchanged. Market participants include bullion dealers, investment banks, futures traders and technical chart analysts.

Those who see lower prices for next week cite both the resurgence in the U.S. dollar and technical chart patterns. . .View Full Article

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