Wall Street and Main Street sentiment split after another week of weakness from gold as all eyes turn to CPI and Warsh testimony

Kitco’s latest Weekly Gold Survey finds Wall Street and Main Street divided on gold’s near-term outlook after the metal failed to break out of its current consolidation channel. The lack of a breakout suggests near-term indecision and modest downside bias for momentum traders, but there’s no sign of a major catalyst.

Analysis

Kitco’s latest Weekly Gold Survey finds Wall Street and Main Street divided on gold’s near-term outlook after the metal failed to break out of its current consolidation channel. The lack of a breakout suggests near-term indecision and modest downside bias for momentum traders, but there’s no sign of a major catalyst.