
Wall Street buys renewed bull market, Main Street also sees gains with August employment data dominating next week
The latest Kitco News Weekly Gold Survey showed Wall Street bulls firmly on board with the renewed rally narrative, while a strong majority of Main Street investors also predicted gold will make further gains next week.
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(Kitco News) - Gold prices surged to a one-month high above $3,400 an ounce Thursday, supported by persistent U.S. dollar weakness. Analysts at Bank of America expect the rally to continue, maintaining their forecast that the yellow metal will hit $4,000 an ounce by the first half of 2026.