Gold price on the first day of the weekWorld gold price on the first day of the week tended to decrease with spot gold down 1 USD compared to last week's closing level to 1,953.4 USD/ounce.
Last week, the world gold had a 2nd consecutive week of gains when the published inflation reports reduced expectations of interest rate hikes by the US Federal Reserve (Fed).
Kitco's recent survey results show that optimism continues to return to the gold market with the forecast that prices may move higher this week. Even so, neither Wall Street analysts nor Main Street retail investors are expecting a major breakout.
