Gold price weaker on ideas Israel-Iran will de-escalate
(Kitco News) - Gold prices are modestly lower and silver prices slightly down in early U.S. trading Friday.
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Hedge funds see gold as overvalued - Bank of America’s Fund Manager Survey
(Kitco News) - Gold’s unprecedented rally in record territory has attracted a lot of attention from fund managers; however, some funds are worried that the precious metal run has gone a little too far.According to Bank of America's latest Fund Manager Survey, 26% of survey participants said gold is overvalued. According to the survey, gold is the most overbought since August 2020.
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Worsening US debt outlook seen more in gold and bitcoin than in bonds
April 19 (Reuters) - Concern about the rapidly rising U.S. government debt is partly behind recent surges in gold prices and bitcoin, even as the Treasury market so far remains relatively sanguine about the country's fiscal path, market observers say.