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Gold Prices Seen Building On Biggest Weekly Gain Since 2008

Monday, 30 March 2020 13:03 WIB GOLD EMAS

Seventy-one percent of the Wall Street and Main Street respondents in the weekly Kitco gold price survey look for the precious metal to build on its gains this week. Just before 11 a.m. EDT on Friday, Comex April gold was trading at $1618.10 an ounce. Even though that was down $33.10 for the day, the metal had still posted a gain of 9% for the week so far. Analysts pointed out that the metal posted its biggest weekly gain since 2008, with the biggest impetus an early-week announcement of open-ended quantitative easing and other programs from the Federal Reserve to prop up the economy and markets amid the COVID-19 outbreak. The U.S. Senate approved a stimulus package and the House of...

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Wall Street and Main Street alike look for gold prices to start regaining their footing this week, based on the weekly Kitco Gold price survey. The metal tumbled since the seven-year high hit in early March, with most analysts attributing the...

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Participants in the weekly Kitco gold survey haven't given up on the precious metal despite Friday's sharp sell-off. Main Street remains solidly bullish. And while Wall Street was somewhat mixed, the largest bloc of voters called for a rebound in...

Gold has enormous upward momentum at the moment, and that left participants in the weekly Kitco gold survey overwhelmingly expecting prices to keep rising this week due to the combination of  chart-based momentum and ongoing worries about the...

Voters in the weekly Kitco gold survey are bullish on the metal this week, citing gold's ability to hold up even when the dollar and equities strengthen, technical factors and ongoing worries about how the coronavirus could impact the global...

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Precious Metals

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Tuesday, 31 March 2020 09:41 WIB
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