🥇Gold outlook | Oct 5–9 :
Gold’s failed attempt to hold above $4,200 has cooled sentiment. Wall Street now leans bearish, while Main Street’s bullish mood has faded.
In Kitco’s survey, 46% of 13 analysts were bearish, 23% bullish and 31% neutral. Among 182 Main Street voters, 47% were bullish, 33% bearish and 20% neutral. Bulls are still the largest group among retail voters, but no longer have a majority.
Gold ended the week near $4,140, down 3.1%, after trading between $4,110.95 and $4,280.56. Sunday’s quote is flat versus Friday’s close.
Higher Treasury yields, a firmer dollar and oil-linked inflation concerns outweighed safe-haven demand. The weak NFP report—29K jobs added, unemployment at 4.2%, and prior months revised lower—cut October hike odds, but gold still couldn’t hold $4,200.
Next week’s calendar is lighter: ISM Services Monday, FOMC minutes Wednesday, jobless claims Thursday and UMich sentiment Friday. Geopolitics remains a wildcard.
Cash is a position. NFA.
TRADE $XAU HERE👇
Gold’s failed attempt to hold above $4,200 has cooled sentiment. Wall Street now leans bearish, while Main Street’s bullish mood has faded.
In Kitco’s survey, 46% of 13 analysts were bearish, 23% bullish and 31% neutral. Among 182 Main Street voters, 47% were bullish, 33% bearish and 20% neutral. Bulls are still the largest group among retail voters, but no longer have a majority.
Gold ended the week near $4,140, down 3.1%, after trading between $4,110.95 and $4,280.56. Sunday’s quote is flat versus Friday’s close.
Higher Treasury yields, a firmer dollar and oil-linked inflation concerns outweighed safe-haven demand. The weak NFP report—29K jobs added, unemployment at 4.2%, and prior months revised lower—cut October hike odds, but gold still couldn’t hold $4,200.
Next week’s calendar is lighter: ISM Services Monday, FOMC minutes Wednesday, jobless claims Thursday and UMich sentiment Friday. Geopolitics remains a wildcard.
Cash is a position. NFA.
TRADE $XAU HERE👇
