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Gold traders bullish a third week on U.S. stalemate: Commodities

Posted on 04 October 2013

Gold analysts are bullish for a third consecutive week on speculation that the first U.S. government shutdown in 17 years and a standoff over raising the country’s debt limit will spur demand for the metal as a haven.
Eighteen analysts surveyed by Bloomberg expect prices to rise next week, eight are bearish and four neutral. That’s the longest positive run since July. Bullion capped a 7.6 percent gain last quarter, the first in a year, as the U.S. Federal Reserve unexpectedly refrained from tapering its $85 billion-a-month bond-purchase program………………………………………..Full Article: Source


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