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Gold price bull rally: the drive is alive

Monday, 6 July 2020 13:40 WIB Gold Outlook Gold Corner

Gold achieved an important milestone this past week as priced pushed above $1,800 an ounce for the first time since 2011 and with strong fundamentals and what appears to be an unstoppable uptrend, retail investors and Wall Street analysts are significantly bullish on gold. Of the 17 Wall Street professionals who took part in last week poll, 12, or 70%, called for gold prices to rise. Three, or 18%, predicted lower prices. Another two voters, or 12%, said sideways or unchanged. A total of 1,940 votes were cast in an online Main Street poll. Of these, 1,287 respondents, or 66%, looked for gold to rise this week. Another 373, or 19%, said lower, while 280 voters, or 14%, were neutral. Not...

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