
Wall Street and Main Street majorities expect gold to break $3,400/oz next week with key inflation and consumer data on the docket
The latest Kitco News Weekly Gold Survey showed industry experts firmly back in bullish territory, while retail traders maintained their renewed bullish bias on gold’s near-term prospects.
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(Kitco News) – The track record of revaluing gold reserves to address monetary or fiscal challenges is mixed, with the countries that needed it the most seeing the least sustained impact while the countries that used it most judiciously didn’t need it at all, according to new research by Colin Weiss, principal economist for global financial flows at the Federal Reserve.