Experts make surprising predictions about gold prices next week

Gold price developments last week

Although the gold market did not record a strong increase in the percentage rate like last week, the gold metal has established a mark of 3,000 USD/ounce as a solid support level.

Spot gold prices opened the trading week at $2,990 an ounce and fell to a weekly low of $2,982 an ounce early Monday morning. However, momentum began to increase for gold in the European trading session, and by 7:30 a.m., spot gold prices had rebounded from the resistance level of $3,000/ounce.

Gold prices opened the trading week at $2,990/ounce and quickly retested $3,000/ounce.

Gold prices then rose sharply and did not return to the support level of $3,000/ounce for the next 4 days. Gold prices hit a new high of $3,035 an ounce on Tuesday before moving in a narrow range of around $5.50 an ounce.

Gold prices continued to trade within range as the market awaited the FOMC's interest rate announcement and the important press conference of Federal Reserve Chairman Jerome Powell on Wednesday.

Minutes before the central bank's announcement, spot gold prices were at $3,030 an ounce, but as the market saw uncertainty in the Fed's new forecast, gold prices increased to $3,048 an ounce when Mr. Powell's press conference began, and the highest of the week at $3,057/ounce was set just after midnight on Thursday.

After an early-morning correction to re- test support at $3,030 an ounce, gold prices continued to fluctuate between this level and $3,045 before falling to $3,025 early Friday morning.

This decrease has shown accuracy, as gold's inability to regain previous high support at $3,035/ounce has led to the strongest decline of the week for gold, falling below $3,000 after 30 minutes of the North American trading session opening.

However, gold found many buyers motivated at this level, and after recovering to $3,015 just before 11:00, spot gold prices ended the trading week around $3,020/ounce.

What do experts predict about gold prices next week?

The results of Kitco News' weekly gold survey show a change in the attitude of industry experts and retail investors towards gold price prospects, with few predicting gold prices to increase next week.

This week, 18 analysts participated in the Kitco News gold survey, with Wall Street's mentality returning to more balanced allocation. Seven experts, or 39%, predict gold prices will continue to rise next week. While five analysts, or 28%, predict gold prices will fall. The remaining six experts, accounting for 40% of the total, see gold prices remaining stable.

Meanwhile, 372 votes were cast in Kitco's online survey, a record high for 2025. Optimism also decreased compared to last week. 220 retail investors, accounting for 59%, expect gold prices to rise next week, while 82 others, accounting for 22%, expect gold prices to fall. The remaining 70 investors, accounting for 19%, predict gold prices will move sideways next week.

The attitudes of industry experts and retail investors towards the outlook for gold prices has changed significantly in the past two weeks. Experts predict gold prices will increase by 21%, while the prediction rate of stable gold prices will increase sharply from 20% to 33%. For retail investors, 59% predict gold prices will increase, down 8% compared to last week, while the predicted rate of decline and sideways is 22, and 19%, respectively.

Economic calendar affecting gold prices next week

Some important economic data will be released next week, including S&P Global's manufacturing and services PMI on Monday and the US consumer confidence index on Tuesday, which will give the market a clearer view of the US economic trend.

However, the most important data for investors will be the US Federal Reserve's priority inflation index, the core personal consumption expenditure (PCE) index on Friday morning.

Other notable figures include new home sales on Tuesday, long-term orders on Wednesday, and pending home sales, weekly unemployment and Q4 GDP US figures on Thursday.