Gold prices struggle to recover after recent dip.

Gold fell below $2,000 an ounce this week, with Wall Street analysts concerned that the selloff might not be over. The greenback caught a bid on resilient US macro data, which forced the market to re-price its Fed rate hike expectations. Most of the 15 participating analysts on the Wall Street side were bearish when asked about their gold price expectations for next week, with 53% projecting lower levels. The Main Street side was still bullish, but the bearish sentiment saw a significant move up. Retail investors' average gold price target for the end of next week was $1,991 an ounce, which is nearly $30 higher than current levels.