
Wall Street adopts a more neutral bias on gold post-Fed; Main Street also corrals its bullish sentiment for the week ahead
The latest Kitco News Weekly Gold Survey showed Wall Street sentiment returning to a more neutral bias following the Fed’s rate cut, while Main Street investors also pulled back on their bullish sentiment.
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(Kitco News) - The gold market is seeing solid profit-taking as economists describe the Federal Reserve’s latest move as a cautious easing cycle. Still, one research firm says gold remains in a long-term uptrend.