Donald Trump is supporting gold prices more than any factor Fed

88
World gold prices increased in the context of the USD's decline. Recorded at 8:45 a.m. on March 10, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 103.632 points (down 0.17%).

This week, market sentiment has changed significantly compared to last week, especially from the Wall Street experts. In the previous survey, only 21% of experts predicted that gold prices would increase, while 64% said that prices would decrease.

However, this week, the percentage of experts expecting gold to increase jumped to 67%, while only 5% predicted a decrease - a significant change reflecting a reversal in analysts' views.

The percentage of investors predicting gold prices to rise has increased from 45% to 67%, while the number of those expecting prices to fall has decreased from 28% to 18%.

Notably, the number of participants in this week's survey reached 251 people - the highest level in 2025, showing greater investor interest in the gold market.

Jim Wyckoff - senior analyst at Kitco - affirmed that gold prices will continue to maintain an upward trend thanks to increasing geopolitical instability. "The gold price trend remains steady, thanks to positive technical indicators and increasing geopolitical uncertainties, especially the impact of the US President Donald Trump's administration."

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.