Kitco survey: Wall Street bullish sentiment reignites, retail investors moderately bullish on gold for three consecutive weeks

Kitco News' weekly gold survey shows that bullish sentiment on gold has once again dominated Wall Street, while retail investors have maintained a moderately bullish mainstream attitude for the third consecutive week. Several analysts have expressed optimism about the outlook for gold prices. Rich Checkan, President and COO of Asset Strategies International, believes that there has been no change in market fundamentals to support the previous pullback, which was merely a healthy short-term correction, and that the upward price trend should resume soon. Darin Newsom, Senior Market Analyst at Barchart, mentioned geopolitical factors, pointing out that the Supreme Court's rejection of Trump's tariff policy has increased the likelihood of military action, which could impact the market. Adrian Day, President of Adrian Day Asset Management, stated that gold has reached the lows after the sell-off at the end of January and is clearly recovering. Although gold prices may fall slightly on Monday if there is no escalation in the US-Iran situation over the weekend, the short-term recovery trend is already very evident.