The bearish trend of gold price started on Thursday and continued on Friday, the first decrease after 5 weeks! However gold had the highest monthly price since August 2016. The latest survey about gold outlook in future by Kitco is shown in the picture. According to this investigation, Wall Street analysts are less optimistic about the increase of gold price in near future than Main Street analysts. Main Street investigators are hopeful about the ascending trend of gold price!
Concerns about the lower speed of global economic growth due to the cold war between US and China caused the gold price to reach the highest level since 2013 on last Monday (26th August)! But it did not continue and decreased 0.42% after 4 weeks of increasing.
