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Bullish sentiment building in gold with $1,850 a near-term target

From kitco.com

Gold's breakout rally to a two-month high is generating significant bullish sentiment among Wall Street analysts and retail investors, with some expecting prices to hit $1,850 an ounce in the near term, according to the latest Kitco News Weekly Gold Survey. The survey shows that sentiment among retail investors is at its highest level since mid-November, which was also the last time gold prices were at current levels. Meanwhile, bullish sentiment among market analysts is at its highest level since May 2018. Analysts have said that gold is catching a strong big as investors start to pay more attention to the growing ... (full story)

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  • Category: Fundamental Analysis