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Commodities Briefing - Categorized | Bullion/Gold, Market Moves, Trading more

Gold traders most bullish in 10 weeks on stimulus: Commodities

Posted on 02 November 2012

Gold traders are the most bullish in 10 weeks and investors are hoarding a record amount of bullion as central banks pledge to do more to spur economic growth.
Eighteen of 27 analysts surveyed by Bloomberg expect prices to rise next week and five were bearish. A further four were neutral, making the proportion of bulls the highest since Aug. 24. Holdings in gold-backed exchange-traded products gained the past three months, the best run since August 2011, data compiled by Bloomberg show. They reached a record 2,588.2 metric tons on Oct. 31, valued at $143 billion, the data show………………………………………..Full Article: Source


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