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Wall St., Main St. Expect Gold To Keep Shining

Monday, 10 December 2018 13:04 WIB Gold Outlook Gold Corner

Wall Street and Main Street both look for gold to build on last week's move higher during the this week, based on the Kitco News gold survey. Observers suggested Friday's softer-than-forecast report on U.S. nonfarm payrolls will continue to offer support to the precious metal. The Labor Department reported that 155,000 new nonfarm jobs were created last month, when expectations had been for around 190,000 to 200,000. Still, the jobless rate remained at a 49-year low of 3.7%. Fourteen market professionals took part in the Wall Street survey. Eight respondents, or 57%, predicted higher prices by this Friday. There were three votes each, or 21%, for lower and sideways/neutral. Meanwhile,...

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