Frank Lesh, broker and futures analyst with FuturePath Trading, said he sees prices trading steady to lower next week as markets ingeneral are consolidating and gold is starting to look technically bearish in the short-term.
Gold demand ingeneral has soared globally this year, as a result of the sovereign-debt crisis in Europe and the Federal Reserve's new round of bond buying.
In a New Year letter to investors, David Einhorn listed goldas one of his Greenlight fund's top five holdings along with stock in Apple, Cigna, General Motors and Vodafone.