Wall Street splits on gold; Main Street stays bullish.
Kitco's Sept. 25 survey found 36% of analysts bullish, 29% bearish and 36% sideways for the week ahead. Among retail traders, 57% expected gains. #Gold last traded at $4,284.97, down 2.17% on the week. https://t.co/uIzzsFrkG0
#Gold is defying its old interest-rate playbook. With the 10-year Treasury yield around 5.2% and the dollar strengthening, gold is still holding near $4,300, far above the sub-$4,000 level implied by World @GoldCouncil modeling. https://t.co/Horzl26EUd
September's final Michigan reading was 48.1, above the 47.8 preliminary but below August's 51.7. Year-ahead inflation expectations rose to 4.6% from 4.0%. #Gold last traded at $4,265.30, down 0.20%.
Early Friday, spot #gold was near $4,300.00 (+0.62%) and silver near $64.760 (+1.62%). U.S.-Iran truce hopes cooled crude, but elevated yields kept bullion on track for a weekly loss.
@FOREXcom's Fawad Razaqzada sees $4,235 as the next level; a break below it could open a move toward $4,100, then $4,000. He wants a close above $4,400 to drop his bearish forecast.
