
Wall Street split between optimism and the fence, Main Street bullish on gold once again as political machinations roil markets
The latest Kitco News Weekly Gold Survey showed industry experts still divided between bullish and neutral on gold’s near-term prospects, while retail traders returned to their customary bullish bias.
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(Kitco News) – While Indian gold jewelry sales suffered from seasonal weakness and bullion imports fell to a 14-month low in June, strong retail revenues and standout investment demand are supporting the overall market, according to Kavita Chacko, Research Head for India at the World Gold Council (WGC).