
Wall Street willing to trust gold again after a week of resilient price action, Main Street flips positive with payrolls on deck
The latest Kitco News Weekly Gold Survey showed half of Wall Street back on the bullish bandwagon, while Main Street investors returned to their mild bullish bias after a solid weekly performance.
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Swiss Bankers Association says gold’s importance as a store of value is only increasing despite its recent price volatility(Kitco News) – Gold will continue to gain relevance as a store of value in a more fragmented and politically sensitive global financial system, but not necessarily through big price increases, according to Nina-Alessa Michel, policy advisor for regulation and economics at the Swiss Bankers Association.In an analysis published Wednesday, Michel said recent events are proving once again how closely gold prices are linked to global uncertainty.










