Investors need to continue to closely monitor economic data.retail investors are bullish on gold’s potential upside. Industry experts are split on short-term bullish and bearish sentiment.
Marc Chandler, CEO of Bannockburn Global Forex, predicts that gold prices will trend sideways this week. Gold has hit its target of $2,600 an ounce after the Fed cut interest rates. The gold market will be less active as investors take profits.
