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Little conviction in gold market as trade talks ebb and flow

Monday, 25 November 2019 11:27 WIB Gold Outlook Gold Corner

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 tie, while only a slight majority of retail investors remain bearish on gold. "One day a trade deal with China is on and then the next day it's off. This uncertainty is supporting gold but it's not enough to drive gold prices higher," said Afshin Nabavi, head of trading with MKS (Switzerland) SA. Last week, 16 market professionals took part in the Wall Street survey. In a tie, five analysts or 31% said they see higher, and other five analysts...

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