After a very volatile session, gold is closing with a second straight week of losses last Friday while analysts remain bullish but slightly more cautious for this week. Seeing gold hit new fresh six-year highs, then drop more than $50 on a weekly basis has been unnerving for traders. Yet, analysts are saying that both upside and downside potential is capped for gold until the next big market mover. Weaker-than-expected employment numbers out of the U.S. have helped gold recover some of the losses from earlier last week, but the move was temporary. U.S. non-farm payrolls came in at 130,000...

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After three-straight weeks of gains, cracks are starting to appear in gold's bullish veneer, particularly among Wall Street analysts, according to the latest results of the Kitco News Weekly Gold Survey. It has been a volatile week for the precious metal as unprecedented recession fears and new lows in bond yields drove investors from equity markets and into alternative safe-haven assets....

The market remains emphatically bullish on gold. But, looking past the headlines, the yellow metal is beginning to look overbought, according to some analysts. The gold market is on track to see its biggest weekly gain in more than three years as prices trade near a fresh six-year high. Although economic and geopolitical uncertainty continues to dominate the marketplace, some analysts think the...

Gold Survey Shows Bulls In Full Control

Monday, 5 August 2019 13:19 WIB

The gold bears had their chance to take control of the market but failed, and now the bulls are in full control as both Wall Street and Main Street expect to see higher prices in the near-term as uncertainty dominates financial markets. "The bears tried to break the market and they failed so now we get to see what this market is really made of," said Charlie Nedoss, senior market strategist...

Wall Street and Main Street both look for gold prices to climb this week, with the Federal Open Market Committee widely expected to cut U.S. interest rates, according to the weekly Kitco News gold survey. Wall Street respondents cited a dovish Fed, technical-chart momentum in gold and the ability of the market to attract buying interest from fund managers on any price dips. However, many Wall...

Wall Street and Main Street look for gold to keep building on its recent gains, according to the weekly Kitco News gold survey. The metal hit a fresh six-year high in screen trading after renewed dovishness from Federal Reserve officials last Thursday. œGold has not only continued its upward move, it has clearly broken out to the upside, said Phil Flynn, senior market analyst with at...

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