“Wall Street and Main Street remain bullish in the weekly Kitco News gold survey.
A number of analysts and traders cited an expectation that the U.S. dollar’s recent rally will stall, which would help gold due to the inverse relationship between the two. Others cited technical-chart strength in gold.
Seventeen market professionals took part in the Wall Street survey. There were 13 votes, or 76%, calling for higher prices. There were two votes each, or 12%, for both lower and sideways.
Meanwhile, 455 respondents took part in an online Main Street poll. A total of 244 voters, or 54%, called for gold to rise. Another 115, or 25%, predicted gold would fall. The remaining 96 voters, or 21%, see a sideways market.”
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