While Wall Street is convinced that gold is ready to break through $1,300 in the near-term, retail investors need to be persuaded a little bit more to join the bullish side, according to the latest weekly Kitco News gold survey.
Read more(Kitco News) – A sharp rally in gold following another disappointing inflation report has prompted some profit taking ahead of the key psychological support at $1,300 an ounce.
Read moreGold prices rose on Friday following data that showed weaker-than-expected inflation in the U.S.
Read moreWith gold prices rallying again as inflation data disappoints, one veteran market watcher says the metal is poised for further gains.
Read moreGold prices are modestly higher and hit a two-month high in early U.S. trading Friday.
Read more* Investors await U.S. CPI data due later on Friday
* Platinum hits nearly four-month high
* Silver on track for biggest weekly gain since July 2016
Chinese gold demand is not letting up, as the country bought 230 metric tons of Australian gold last year, which exceeded $11 billion on the Shanghai Gold Exchange, according to recent data released by The Perth Mint.
Read moreGold prices were ending the U.S. day session higher and scored a nearly two-month high Thursday.
Read moreAs investors flee to safe-haven assets amid heightened U.S. and North Korea tensions, some question which is better: gold or bitcoin?
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