17 respondents say gold prices are headed up

17 of 50 respondents in the Kitco gold survey say that gold prices are headed up. Perhaps, they are looking at an escalation in tensions on the Korean peninsula or increasing worries in Cyprus, while betting gold would go higher next week.

6 respondents see gold prices going down

Only 6 of the 50 respondents see gold prices going down next week. It would really need a pessimist to bet on gold prices going down given the problems in Europe and around the Korean Peninsula.

4 respondents are neutral

Again a very difficult bet to make and stay neutral next week. In fact, gold prices are likely to remain volatile next week. Little wonder then that only 4 respondents out of 50 are staying neutral.

Market participants

Market participants include bullion dealers, investment banks, futures traders, money managers and technical-chart analysts.

India Gold Futures

Gold futures for April delivery was seen trading lower by Rs 103 at Rs 29,340 at 12.30 pm IST.