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 professionals were also neutral. Sixteen market professionals took part in the Wall Street survey. A total of seven voters, or 44%, called for gold to be either sideways or are neutral. There...

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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...

Wall Street and Main Street are both bullish in the weekly Kitco News gold survey, looking for the metal to continue the bounce from the year-to-date low it hit at the start of last week. The Comex June futures bottomed at $1,267.90 an ounce on Tuesday, but “ assuming they hang onto Fridays gains “ then proceeded to rise for three days in a row. Eighteen market professionals took part...

Wall Street leans slightly bearish and Main Street slightly bullish in the weekly Kitco News gold survey. Neither the bulls nor the bears had an outright majority in either survey, however. The Wall Street bulls figure gold is due for a corrective bounce higher, while the bears look for the downward momentum to continue due to technical-chart damage and recently stronger equities. Fifteen...

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