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Gold bulls dominant as Portugal stokes debt concern: Commodities

Posted on 05 July 2013

Gold traders are the most bullish in a month after political instability in Portugal raised concern that Europe’s debt crisis will worsen and as a record quarterly drop in prices drove demand for jewelry.
Fourteen analysts surveyed by Bloomberg expect prices to rise next week, with 10 bearish and three neutral, the largest proportion of bulls since June 7. While hedge funds are the least bullish in six years and holdings in exchange-traded products dropped to a three-year low, demand for physical metal has been “strong,” Standard Bank Group Ltd. said………………………………………..Full Article: Source


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