Wall Street goes full bull on gold price after post-hike gains, Main Street bolsters bullish majority as gold holds $4,300 - kitco.com
Wall Street goes full bull on gold price after post-hike gains, Main Street bolsters bullish majority as gold holds $4,300 - kitco.com
Source: kitco.com
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DW NOTE
Gold holds above $4,300 two days after the Fed hiked into a supply shock. Wall Street analysts now turning bullish — which means they've finally noticed what the physical market priced in months ago. The metal peaked at $5,318 in January when the Strait closed; it's down 17% since, but still double where it traded before the oil chokepoint became permanent. Momentum follows fundamentals with a nine-month lag.