Duel for the future of gold; A target of $4,275 against the possibility of a drop in the price of gold prospects after the Democratic victory in the election strengthens the bull market on Main Street.
According to the report of Kitco News, the global gold market welcomes the new week in a situation where the political equations of the United States, the monetary policy of the Federal Reserve and the geopolitical developments continue to cast a shadow on the decision of investors.
Kitco News' latest weekly gold survey shows that after gold's strong performance in trading last week, Wall Street experts are roughly divided into 3 equal-sized groups on the precious metal's short-term outlook.
Thirteen market analysts and experts participated in the Kitco News Gold Survey this week. The results showed that after the midterm elections, Wall Street experts were almost evenly divided about the short-term outlook for gold.
4 experts, equal to 31% of the participants, expected the price of gold to rise in the coming week.
Report details.