(Kitco News) – After three-straight weeks of gains, cracks are starting to appear in gold’s bullish veneer, particularly among Wall Street analysts, according to the latest results of the Kitco News Weekly Gold Survey.
It has been a volatile week for the precious metal as unprecedented recession fears and new lows in bond yields drove investors from equity markets and into alternative safe-haven assets. However, the gold market is preparing to end Friday well off its six-year high, hit earlier in the week.
Although sentiment, especially among Wall Street analysts, remains clearly bullish, caution continues to creep into the marketplace.
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