Confusion and uncertainty dominates the gold market as traders and investors continue to react to shifting trade sentiment between China and the U.S. The latest Kitco News Weekly Gold Survey shows Wall Street analysts nearly caught in a three-way tie, while only a slight majority of retail investors remain bearish on gold. "One day a trade deal with China is on and then the next day it's off. This uncertainty is supporting gold but it's not enough to drive gold prices higher," said Afshin Nabavi, head of trading with MKS (Switzerland) SA. Last week, 16 market professionals took part in...

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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...

Wall Street traders and analysts are undecided or else look for gold prices to be sideways this week, while Main Street remained bullish, according to the weekly Kitco News gold survey. The largest block of Wall Street voters were in the neutral/sideways camp, while the rest were nearly evenly split between bulls and bears. This was the first time Wall Street was not bullish since May 10, when...

The precious metals sector got hit hard last Friday as the market re-priced its Federal Reserve rate cut expectations ” taking a 50-basis point cut off the table in July. The analysts are now busy debating whether or not the Fed will cut rates in July and by how much in light of the latest solid job numbers out of the U.S. The economy added 224,000 new positions in June, while the...

Patience has finally paid off for the gold bull, as demand for the precious metal has pushed prices to levels not seen in nearly six years. Although gold prices are off their highs after breaking above $1,400, the market is still seeing its best weekly gains in more than three years. August gold futures last traded at $1,393.70 an ounce, up nearly 4% since the previous Friday. According to it...

Gold hit its highest levels in more than a year on Friday, and Wall Street and Main Street look for the momentum to continue this week, based on the weekly Kitco News gold survey. The metal has been underpinned by continuing trade tensions between the U.S. and its partners, resulting in worries about an economic slowdown that in turn has market participants looking for a rate cut from the U.S....

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