Gold prices uncertain as Wall Street split and metals rally amid US debt ceiling hopes.

The gold market has suffered its third week of losses as markets shifted expectations from a rate pause to a rate hike at the Federal Reserve's June meeting. Wall Street is now split on whether gold is done falling, with 43% of analysts bullish and 43% bearish. Upbeat macro data and hotter-than-expected inflation numbers have pushed markets to re-price their Fed rate hike expectation. Retail investors remain bullish, with an average gold price target of $1,981 an ounce for next week. Technical reasons were cited by analysts who called for lower prices next week.