Retail investors maintain bullish outlook on gold, but Wall Street analysts expect continued downtrend
Read more here:
https://www.kitco.com/news/2023-11-10/R ... trend.html
(Kitco News) - Gold trended steadily downward this week after riding the Israel-Hamas geopolitical risk bid higher since early October. The precious metal has held above $1,930 per ounce, but hasn't come close to testing the psychological resistance level of $2,000 since last Friday as the Middle East conflict has remained contained amid ongoing ground operations.
The latest Kitco News Weekly Gold Survey sees retail investors maintaining a bullish bias for the coming week, while market analysts have turned firmly bearish in their assessment of the yellow metal's near-term prospects.
John Weyer, Director of the Commercial Hedge Division at Walsh Trading, said gold's safe haven bid is waning.
Retail investors maintain bullish outlook on gold, but Wall Street analysts expect continued downtrend
Re: Retail investors maintain bullish outlook on gold, but Wall Street analysts expect continued downtrend
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Re: Retail investors maintain bullish outlook on gold, but Wall Street analysts expect continued downtrend
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