Bullish Sentiment on Gold Once Again Dominant as Retail Investors Maintain Mildly Bullish View for Third Consecutive Week

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Kitco News’ latest weekly gold survey, published February 21, shows bullish sentiment among Wall Street analysts has reclaimed dominance, while retail investors have maintained a modestly bullish stance for a third straight week. Rich Checkan, president and COO of Asset Strategies International, noted there’s been no fundamental shift in gold’s market drivers to justify the prior pullback—calling it clearly a short-term correction. “This is healthy,” he said, adding the uptrend should resume soon. Darin Newsom, senior market analyst at Barchart.com, pointed out the Supreme Court’s rejection of Trump’s tariff policy could leave him in a foul mood this weekend, raising the odds of military action. Adrian Day, president of Adrian Day Asset Management, said gold appears to have hit its low following January’s selloff and is clearly rebounding. “No one wants to sell ahead of the weekend due to fears the U.S. may act against Iran,” he explained. If tensions don’t escalate, gold could see a minor pullback Monday—but the short-term recovery trend is already clear. (Source: FX678)

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