Even though gold was getting beaten up last Friday, analysts were still optimistic that the precious metal was going to return to its key $1,500 level soon. Gold fell more than 1% on Friday (10/11/19) with December Comex gold futures last trading near two-week lows at $1,487.70 an ounce. Upbeat risk appetite was driving the equity markets higher and pressuring gold lower as investors awaited the announcement of a possible partial trade deal between the U.S. and China. One of the biggest market movers on Friday was the optimism portrayed by U.S. President Trump ahead of his meeting with...

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Wall Street and Main Street are unequivocally bullish on gold in the near term as the precious metal saw strong gains this past week, culminating in a 10-month high. Although prices are ending the week off their highs, many analysts have noted that gold held important initial support levels, a good indication that prices still have room to move higher in the near term. "I dont think this...

Wall Street and Main Street remain bullish in the weekly Kitco News gold survey. A number of analysts and traders cited an expectation that the U.S. dollars recent rally will stall, which would help gold due to the inverse relationship between the two. Others cited technical-chart strength in gold. Seventeen market professionals took part in the Wall Street survey. There were 13 votes, or...

Wall Street and Main Street both remain bullish in the weekly Kitco News gold survey, in essence considering last week's pullback as a correction in a market that still is still in an uptrend. Fifteen market professionals took part in the Wall Street survey. There were 11 votes, or 73%, calling for higher prices. There were two votes each, or 13%, for both lower and sideways. Meanwhile, 467...

Wall Street and Main Street look for gold to keep climbing this week, according to the Kitco News gold survey. Many traders and analysts cited a dovish Federal Open Market Committee after a policy meeting this week, in which officials indicated they are pausing in the monetary-tightening cycle while awaiting more economic data. This tends to undermine the U.S. dollar, which helps gold. It also...

Gold may well benefit if the Federal Reserve does not hike interest rates this week but then could be hurt if the monthly jobs report is strong, says Commerzbank. A number of news events could impact markets this week, including another U.K. Parliament vote on the Brexit deal with the European Union, the bank says. œAs the current version presented by Prime Minister Theresa May hardly...

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