The upcoming predictions for gold: Rise or Fall ..!

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The latest Kitco News survey for gold shows that Wall Street sentiment remains overwhelmingly bullish ahead of the anticipated interest rate cut from the Federal Reserve, while "Main Street" investors have tempered their bullish sentiment following recent gold gains. Darren Newsom, a senior market analyst, stated that it is likely to be higher. Assuming that the majority of market participants are correct about the Federal Reserve's interest rate cut next week, I expect gold to benefit from the news. The higher prices will be in place. However, if the Federal Open Market Committee surprises the market by keeping interest rates unchanged, we may see a sell-off on the news due to profit-taking." James Stanley, senior market strategist at Forex.com, stated: "Bullish. No point in reversing now, and there is still no evidence that the rally has ended."