Gold Prices Set to Rise
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.
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