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Bearish Cracks Appearing In Bullish Gold Market

Monday, 19 August 2019 15:16 WIB Gold Outlook Gold Corner

After three-straight weeks of gains, cracks are starting to appear in gold's bullish veneer, particularly among Wall Street analysts, according to the latest results of the Kitco News Weekly Gold Survey. It has been a volatile week for the precious metal as unprecedented recession fears and new lows in bond yields drove investors from equity markets and into alternative safe-haven assets. However, the gold market is preparing to end week off its six-year high, hit earlier last week. Although sentiment, especially among Wall Street analysts, remains clearly bullish, caution continues to creep into the marketplace. "I think now is the time for the gold market to take a breather, but maybe...

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