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Commodities Briefing - Categorized | Bullion/Gold, Fund Profile, Trading more

Gold traders bullish on hedge fund gains: survey

Posted on 07 November 2011

Gold traders are the most bullish in three weeks after hedge funds boosted their wagers on higher prices amid speculation Europe’s debt crisis and slow US growth will spur demand for the metal as a protection of wealth.
Twenty-eight of 32 people surveyed by Bloomberg expect bullion to rise on the Comex in New York next week, the most since October 14 and the second increase in a row………………………………………..Full Article: Source


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