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Wall St, Main St. Look For Still-Higher Gold Prices

Monday, 17 June 2019 14:43 WIB Gold Outlook Gold Corner

Gold hit its highest levels in more than a year on Friday, and Wall Street and Main Street look for the momentum to continue this week, based on the weekly Kitco News gold survey. The metal has been underpinned by continuing trade tensions between the U.S. and its partners, resulting in worries about an economic slowdown that in turn has market participants looking for a rate cut from the U.S. Federal Open Market Committee before the end of the summer. Attacks on a pair of tankers in the Middle East prompted additional buying. And whenever markets break higher, they generate technical-chart momentum. Twenty-two market professionals took part in the Wall Street survey. A total of 16...

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