Is $2k or $5k gold price still possible?

(Kitco News) Even a big miss in the U.S. September job numbers couldn’t trigger a much-needed rally in gold. And unless the precious metal can find a way to close above $1,780 an ounce, analysts say they will remain neutral on the metal. Here’s a look at Kitco’s top three stories of the week:

3. Bitcoin breaches $55,000 as bullish momentum grows in the crypto space

2. September U.S. job growth was the slowest this year, with the economy adding only 194,000 positions versus the expected 500,000

1. Gold price to ‘revisit its peak’ soon, says Bloomberg Intelligence + Gold price headed to $5,500 in the long term as central banks won’t be able to exit unorthodox monetary policies – Jefferies 

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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