Wall Street and Main Street Still See Gains For Gold This Week Amid Extreme Volatility

Gold prices chugged along for much last week, trading between $2,300 and $2,360 through Wednesday, shaking off hotter-than-expected CPI and lulling market participants into a false sense of stability. Then, late Thursday, the rollercoaster began to ratchet back up, with spot gold hitting a new...

Gold’s Vertiginous Ascent Isn’t Over Yet, Fund Managers Say

Gold’s rally to successive all-time highs isn’t over, according to macro fund managers interviewed by Bloomberg, with the factors that have powered a near-20% surge since mid-February expected to fuel more gains. The gains have been fueled by expectations for the US Federal Reserve to...

Gold Price Sees Another 5% Rally Last Week As Geopolitical Uncertainty Drives The Market To Touch $2350

The gold market continues its unstoppable run to record highs as it touches an all-time high of $2,350 an ounce last weekend. Gold’s latest rally comes after the U.S. economy created 303,000 jobs in March, significantly beating expectations. At the same time, unemployment dropped to 3.8%. ...

Wall Street and Main Street See Green Lights For Gold Prices This Week

After last Friday’s all-time high for a weekly close, gold picked right up where it left off last week, setting multiple all-time highs in both the spot and futures markets despite Fed Chair Powell’s milquetoast Capitol Hill testimony and parallel all-time highs in equity markets and...

Wall Street Sees Gains for Gold Amid Geopolitical Risk, Main Street Remains Divided

The gold market was moribund for the first half of last week, but contradictory U.S. CPI and PPI data pushed gold prices sharply down on Wednesday and back up on Thursday, while a sudden escalation of conflict in the Middle East on Thursday evening saw gold prices posting steady gains heading into...

Retail Investors Bullish on Gold, But Wall Street Analysts Shift Into Neutral

Gold inched steadily higher last week, with prices seeing bumps following economic data releases, but after the strong and sudden moves of the past month or so, the precious metals’ price action was more orderly and less dramatic. The latest Kitco News Weekly Gold Survey sees retail investors...

Wall Street Analysts See Virtually No Downside for Gold Prices, Retail Investors Maintain Bullish Outlook

Gold traded in an elevated and narrow range last week, frequently testing the $2,000 psychological price barrier without ever managing to break decisively above it. The precious metal continues to be trapped between evenly balanced opposing forces, as declining bond yields and optimism that the...

Wall Street Analysts Cautiously Optimistic on Gold, While Retail Investors Remain Firmly Bullish

Gold held onto its recent gains last week, supported by the ongoing conflict in the Middle East, while high bond yields continue to deliver headwinds for the precious metal. The yellow metal also went on another run heading into the weekend, with spot gold once again trading above $2,000 per ounce...

Gold Prices Ending the Week Around $2,000 As Geopolitical Uncertainty Overshadows Rising Bond Yields

As Israel's war with Hamas intensifies, geopolitical uncertainty continues to support gold's safe-haven allure as the precious metal defies rising bond yields. Similar to previous week, gold is seeing solid buying last Friday as investors want to hold some gold as insurance over the weekend....

Ketidakpastian Geopolitik Membayangi Penguatan Imbal Hasil Obligasi, Harga Emas Berakhir Di Sekitar $2.000

Wall Street Analysts and Retail Investors Evenly Split on Gold's Prospects

After an unbroken string of daily losses since the Federal Reserve left interest rates unchanged on Sept. 20, and after the U.S. payrolls report drove the spot price down to a fresh 7-month low of $1810.46, gold finally appears headed for its first positive close in two weeks on Friday. The...

Gold Analysts and Retail Investors Cautious, Divided Ahead of This Week's Fed Rate Decision

Gold prices gained last week following previous week's losses, with prices rising sharply after Friday's Empire State Manufacturing Index showed unexpected strength in U.S. industry. The latest Kitco News Weekly Gold Survey shows that last week's pessimism has moderated, with retail investors...

Robust U.S. Economic Activity To Support Dollar, Weigh On Gold Prices This Week

Robust economic activity will continue to support the U.S. dollar's vice-like grip on the gold market and keep prices trapped in their current trading range, according to some analysts. December gold futures are caught between resistance around $1,980 an ounce and support at $1,920. Heading into...

Gold Needs Weak Economic Data as A Catalyst to Push Prices Higher This Week

The gold market maintains its resilience in the face of significant headwinds; however, precious metals are in desperate need of a catalyst to push prices out of their current downtrend, according to some analysts. After four weeks of losses, gold is heading into the weekend with a modest gain....

A Dovish Powell Could Provide Some Relief This Week for Gold Prices Stuck at Five-Month Lows

Growing worries that the Federal Reserve, in its bid to fight inflation, will keep interest rates aggressively elevated longer than expected is taking a significant toll on gold as prices end the week near a five-month low. While there is still a lot of optimism that gold can regain its luster by...

Analysts More Bullish on Gold Following Lower Job Growth, Higher Wage Inflation

The gold market rallied following a weaker-than-expected U.S. jobs report for July, which included downward revisions for May and June and strong wage growth, sending spot gold prices from $1931 to an intraday high of $1946.79 The latest Kitco News Weekly Gold Survey showed that the loss of...

Bullish Sentiment Creeps Back Into Gold Market, But Analysts Warn About Resistance At $1,980

Bullish sentiment continues to creep back into the gold market, but while prices have room to go higher this week, neither Wall Street analysts nor Main Street retail investors expect to see a major breakout. After weeks of drifting sentiment and lackluster interest, retail investors are once...

Optimism Is Creeping Back Into The Gold Market, But Prices Are Expected to Remain Below $1,950 This Week

Sentiment in the gold market is slowly shifting back to the bullish side as the precious metal’s resilience in the face of rising bond yields shines through. However, some analysts are warning that there is still insufficient momentum to push gold prices through critical resistance levels. The...

Gold is Unlikely to Hold $1,900 This Week; Even The Bulls Seem Bearish

The gold market is preparing to end the first half of 2023 within striking distance of where it started the year, and sentiment in the marketplace points to lower prices in the near term as the precious metal faces challenging headwinds. While bullish and bearish sentiment among Wall Street...

Wall Street Turns Bearish on Gold After Worst Week Since February

Gold tumbled well below $2,000 an ounce last week, falling nearly $50, with Wall Street analysts concerned that the selloff might not be over, according to Kitco's weekly gold survey. Main Street's bearish sentiment also ticked up significantly, but the bulls remained in the lead for this...