Gold prices are set to rise next week as US dollar became weak. Survey done among 31 gold market experts, 22 of them responded this week; 13 experts saw increase of gold prices, 3 saw decrease and 6 saw unchanged prices.
The senior market strategist Teddy Sloup told that in order for gold to gain any strong momentum, prices have to break above resistance between $1,221 and $1,225 an ounce on the back of a weaker dollar, Ibtimes reports.
According to many experts opinions as weak is dollar as gold gets benefit from it.