Bullish Sentiment on Gold Once Again Dominant as Retail Investors Maintain Mildly Bullish View for Third Consecutive Week
BlockBeats News, February 21st, the latest Kitco News weekly gold survey showed that bullish sentiment among Wall Street's gold is dominant again, while retail investors have maintained a modestly bullish mainstream attitude for the third consecutive week. Rich Checkan, President and Chief Operating Officer of Asset Strategies International, said that there has been no fundamental change in the gold market to support the previous pullback, and it is clear that this is just a short-term correction. This is healthy, and the upward price trend should resume soon.
Darin Newsom, Senior Market Analyst at Barchart.com, said that with the Supreme Court rejecting Trump's tariff policy, he may be in a bad mood this weekend, increasing the likelihood of military action. Adrian Day, President of Adrian Day Asset Management, said that it appears that we have likely reached the low point after the January sell-off, and gold is clearly rebounding. No one is willing to sell before the weekend due to concerns that the US may take action against Iran, so if the situation does not escalate, gold may experience a slight pullback on Monday, but the short-term recovery trend is already evident. (FX678)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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