Wall Street brimming with bears after gold's breakdown, Main Street pessimism persists as inflation data takes center stage

Kitco's Weekly Gold Survey showed Wall Street overwhelmingly bearish on gold's near-term outlook, while Main Street also became more pessimistic after a week of weakness. The piece is a sentiment read on gold rather than a catalyst-driven market event, so near-term impact is limited.

Analysis

Kitco's Weekly Gold Survey showed Wall Street overwhelmingly bearish on gold's near-term outlook, while Main Street also became more pessimistic after a week of weakness. The piece is a sentiment read on gold rather than a catalyst-driven market event, so near-term impact is limited.