Wall Street and Main Street alike look for gold prices to start regaining their footing this week, based on the weekly Kitco Gold price survey. The metal tumbled since the seven-year high hit in early March, with most analysts attributing the decline to traders liquidating to raise cash after the carnage that occurred in other markets, with U.S. stock indices going from record highs to bear-market territory. Now, however, "I think gold is overdue for a bounce," said Adrian Day, chairman and chief executive officer of Adrian Day Asset Management, offering a view expressed by other Wall...

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Markets fear just how much the COVID-19 outbreak could hurt the U.S. and Europe ” the next two regions that will be hit the hardest by the virus. And as the Federal Reserve looks increasingly ready to cut rates down to zero all in one go this week, it might be a great opportunity to buy gold, according to analysts. Gold was not able to escape the massive market sell-off this week, which...

The Federal Reserve surprised markets earlier last week with an emergency 50-basis-point interest rate cut. This, in turn, has helped the gold market see its best weekly performance in 11 years. With benchmark bond yields continuing to fall and markets expecting to see even lower interest rates in the near future, analysts say that it is difficult to be bearish on gold this week. According to...

Participants in the weekly Kitco gold survey haven't given up on the precious metal despite Friday's sharp sell-off. Main Street remains solidly bullish. And while Wall Street was somewhat mixed, the largest bloc of voters called for a rebound in prices. Fifteen market professionals took part in the Wall Street survey. Seven, or 47%, called for gold to rise. Five voters, or 33%, called for...

Gold has enormous upward momentum at the moment, and that left participants in the weekly Kitco gold survey overwhelmingly expecting prices to keep rising this week due to the combination of  chart-based momentum and ongoing worries about the coronavirus outbreak. The metal soared to a seven-year high on last Friday, fueled by the continued spread of the virus around the world and...

Voters in the weekly Kitco gold survey are bullish on the metal this week, citing gold's ability to hold up even when the dollar and equities strengthen, technical factors and ongoing worries about how the coronavirus could impact the global economy. Seventeen market professionals took part in the Wall Street survey. Eleven, or 65%, called for gold to rise. There was one vote, or 6%, saying...

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