Gold Drops on Soft Jobs Data as Wall Street Nears Bearish Shift and Retail Investors Turn Cautious

The Kitco survey found 46% of Wall Street analysts now bearish, 23% bullish and 31% neutral. Marc Chandler sees upside above $4,280–$4,300, while Adrian Day expects near-term weakness. Sean Lusk voiced disappointment at the lack of follow-through after the jobs report and called the price action illogical.