GOLD-Increase in the trading version at the beginning ofthe week
The gold market recovered after the release of the US Department of Labor's July jobs report that was lower than expected compared to May and June. Amid strong wage growth, daily gold prices fell increased from 1,931 USD/oz to the highest level in 1,946 USD/oz in the latest trading session.
Kitco News' latest gold price survey this week shows that the US labor market's low growth rate even if the country's inflation pressure remains, makes most market analysts optimistic or report that the US labor market is still under pressure. neutral outlook on gold price.
Specifically, out of a total of 15 Wall Street analysts who participated in Kitco News' gold price survey, 8 out of 15 (53%) said they expect gold prices to be higher this week. 6/15 analysts (40%) give a neutral view on gold prices. Only one in 15 analysts predicts precious metals prices will be lower in the next 6 days (with a rate of 7%).
Kitco News' latest gold price survey this week shows that the US labor market's low growth rate even if the country's inflation pressure remains, makes most market analysts optimistic or report that the US labor market is still under pressure. neutral outlook on gold price.
Specifically, out of a total of 15 Wall Street analysts who participated in Kitco News' gold price survey, 8 out of 15 (53%) said they expect gold prices to be higher this week. 6/15 analysts (40%) give a neutral view on gold prices. Only one in 15 analysts predicts precious metals prices will be lower in the next 6 days (with a rate of 7%).
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