Wall Street sees gold price declines or consolidation next week, Main Street is more optimistic about gains

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Wall Street sees gold price declines or consolidation next week, Main Street is more optimistic about gains

- While central bank purchases and robust Asian demand have created a long-term uptrend in gold, uncertainty surrounding the Federal Reserve's monetary policy continues to generate significant short-term volatility. - As much as Western investors want to ignore the gold market, there is no denying that we are seeing a generational shift in the marketplace.

-The gold market has managed to bounce off of its nearly two-week lows, but solid activity in the U.S. manufacturing sector could weigh on the precious metal ahead of the Memorial Day long weekend.Bitcoin trades above $68k, Ether consolidates near $3.7k following surprise ETH ETF approval

 

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