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Commodities Briefing - Categorized | Bullion/Gold, ETFs / ETCs, Trading more

Gold traders more bullish as ETP hoard sets record

Posted on 26 October 2012

Gold traders are the most bullish in three weeks as investors’ bullion holdings rose to a record on mounting speculation that central banks will add more stimulus to bolster economic growth. Fourteen of 26 analysts surveyed by Bloomberg expect prices to rise next week, nine were bearish and three were neutral.
Investors boosted holdings in exchange-traded products to an all-time high of 2,584.5 metric tons on Oct. 24, valued at $142.4 billion, data compiled by Bloomberg show. Hedge funds’ bets on a rally are near the biggest in more than a year, according to U.S. Commodity Futures Trading Commission data………………………………………..Full Article: Source


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