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Gold’s weekly decline leaves analysts and retail voters at odds

FinanceFeeds reports spot gold ended Friday, October 30 at about 3,875 dollars an ounce, down 3.74 percent on the week, with Kitco's survey showing 10 of 16 Wall Street analysts expecting lower prices this week and only one expecting a gain. Retail voters in the same survey still leaned higher, with 53 percent expecting a rise.

According to FinanceFeeds, spot gold finished Friday, October 30 at about 3,875 dollars an ounce, recording a weekly decline of 3.74 percent.

The report, published Nov 1, 2026 at 8:30 PM ET, highlighted a split in expectations for this week: surveyed Wall Street analysts largely anticipated further losses, while retail voters still leaned toward gains.

Survey reveals opposing expectations

Kitco’s survey showed 10 of 16 Wall Street analysts expecting gold prices to fall this week, according to FinanceFeeds. That bearish group represented 63 percent of the analysts surveyed.

Only one Wall Street analyst expected a gain. The supplied summary did not specify the expectations of the remaining respondents.

Retail sentiment pointed in the other direction, with 53 percent of voters in the same survey expecting prices to rise. That left a modest retail majority favoring a rebound despite gold’s weekly loss.

What it means for prediction markets

  • The survey offers a sentiment signal, not a market-implied probability: the 63 percent bearish analyst share and 53 percent bullish retail share describe respondents’ views.
  • The disagreement between analysts and retail voters is relevant to contracts tied to gold’s weekly direction, but neither group’s expectations establish the outcome.
  • About 3,875 dollars an ounce provides a reported reference point for Friday, October 30; any contract’s settlement would depend on its specified price source and measurement window.
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Sources & attribution

Published
  1. Source
    FinanceFeedsfinancefeeds.com
    Publisher
    https://financefeeds.com
    Source URL
    The feed did not publish this story's article address.

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