Following this week’s bounce from the $1,520s region, most survey participants in the weekly Kitco News Gold Survey expect gold prices to continue to build on late-week gains.
In the Kitco News Gold Survey, out of 33 participants, 23 responded this week. Of those 23 participants, 21 see prices up, while two see prices down, and zero are neutral. Market participants include bullion dealers, investment banks, futures traders, money managers and technical-chart analysts.
This week’s sharp sell-off and China’s weak data have survey participants in the Kitco News Gold Survey split on the direction for prices next week.
In the Kitco News Gold Survey, out of 33 participants, 24 responded this week. Of those 24 participants, nine see prices up, while seven see prices down, and eight are neutral. Market participants include bullion dealers, investment banks, futures traders, money managers and technical-chart analysts.
There’s a lack of definite consensus in for survey participants the Kitco News Gold Survey in their outlook for prices next week, with bullish and bearish traders largely split.
In the Kitco News Gold Survey, out of 33 participants, 22 responded this week. Of those 22 participants, 10 see prices up, while eight see prices down, and four are neutral. Market participants include bullion dealers, investment banks, futures traders, money managers and technical-chart analysts. http://bit.ly/KlwIa7
CME Group reports that metals volume averaged 329,000 contracts per day in April, which was down 23% compared to 424,000 in the same month a year ago. Sequentially, April volume was down 17% from an average of 395,000 contracts in March. The rolling three-month average through April was 373,000 lots, compared to 385,000 at the end of March, 342,000 as of February and 335,000 as of January. http://bit.ly/IqnMPt
