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 maintain its newfound upward momentum in this week, based on the weekly Kitco News gold survey. After two weeks before winds down, gold is getting a lift as equities slide more than 1% across the board. The most recent downdraft in the equity market was triggered by tweets from President Donald Trump, threatening Mexico with tariffs due to the...

Gold's short-term outlook is improving as the U.S. dollar is running out of reasons to keep going higher and the U.S. equities are raising doubts about their future performance, according to analysts. Concerns around slowing global growth will be a key driver for gold in the this week and month, Capital Economics senior commodities economist Ross Strachan told Kitco News on Friday. "The...

The U.S. dollar has been stealing gold's thunder again as it took on a role of a safe-haven, with analysts warning to keep a close eye on the $1,269 level, which if broken can be a gateway to even lower prices. The yellow metal has been struggling this week as equities rebounded, the U.S. dollar climbed higher, and geopolitical tensions seemed to favor the dollar over gold. June Comex gold...

Heightened global trade tensions are pumping volatility into financial markets, but there is still not enough fear to drive gold prices materially higher, according to some analysts. Falling equity markets are helping gold prices end last week in positive territory, but the market remains trapped in a channel, unable to break critical resistance levels above $1,290 an ounce. June gold futures...

There is a bullish gold trend developing in the background as markets focus on U.S. inflation data this week following Federal Reserve Chair Jerome Powell's comments dismissing low inflation as "transitory." Last week investors saw a slate of positive data out of the U.S., with the Fed holding rates unchanged, Powell sounding optimistic, and jobs data coming in stronger-than-expected. Gold has...

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