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Respondents mixed on short-term price direction

Monday, 13 January 2020 11:32 WIB Gold Outlook Gold Corner

After a roller-coaster week in which gold futures scaled a cliff only to fall off, the Friday high and low so far are both within Thursday’s trading range. This is referred to an “inside day” on the daily charts and a sign of market indecision about the next short-term move. Wall Street participants in the weekly Kitco News gold survey are in fact conflicted on where the metal will head this week. The largest camp – by a small margin – said lower, but garnered less than 50% of the vote. In the Main Street survey, no voting bloc got 50% either, although this poll leaned bullish. Gold began last week by soaring to seven-year highs. The rally began Friday before after a U.S. airstrike in...

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RECENT NEWS

Wall Street looks for gold to edge higher or trade sideways during the normally quiet Christmas week, while Main Street remains bullish, according to the weekly Kitco News gold survey. Seventeen market professionals took part in the Wall Street...

Confusion and uncertainty dominates the gold market as traders and investors continue to react to shifting trade sentiment between China and the U.S. The latest Kitco News Weekly Gold Survey shows Wall Street analysts nearly caught in a three-way...

This week will be an interesting one for gold with Wall Street uniquely split between expectations of higher and neutral gold prices, while Main Street is still very bullish, according to the latest Kitco News gold price survey. It's been a messy...

Global Economy

First Phase of US-China Trade Deal Announced
Monday, 16 December 2019 09:09 WIB
A trade deal between the United States and China, separately announced Friday by both countries, will be such a boon for American farmers they will "have to go out and buy much larger tractors,"

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