A late-week rally in gold is helping drive optimism in the marketplace as a strong majority among retail investors and market professionals expect to see higher prices next week, according to the weekly Kitco News Wall Street vs Main Street Gold Survey.
Gold prices are preparing to close its second consecutive week in positive territory, showing gains of more than 5% after the market hit a six-week high in overnight activity Friday.
This week, 304 people participated in Kitco’s weekly online gold survey; among the participants, 193 people, or 63% are bullish on gold next week; 74 voters, or 24%, are bearish on the yellow metal, while 37 people, or 12%, are neutral. Last week’s survey showed that 58% of online voters were bullish on the yellow metal.
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