Gold Price Today $3,875: 63% of Wall Street Says Lower - FinanceFeeds

AI desk brief

Spot gold ended Friday at about $3,875/oz, down 3.62% on the day and 3.74% on the week, after failing to hold the $4,000 area and breaking below $3,900. Kitco’s weekly survey turned bearish: 10 of 16 Wall Street analysts (63%) expect lower prices, while 53% of 184 retail voters still expect a rise; reference levels cited are $3,750 below and $4,000 above.

The near-term setup is dominated by US data and Fed-hike expectations, with ISM, JOLTS, ADP, services data and Friday payrolls the main catalysts. The article also flags higher crude as a potential inflation support for hike bets, while noting that a weak payrolls print could help gold recover. Expected trading range this week is roughly $3,800-$3,950, with $3,750 needing strong data and $4,000 likely requiring weak payrolls.