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

Gold analysts get most bullish in a year after rout

Posted on 06 January 2014

Gold analysts are the most bullish in a year on speculation that investors are reducing near-record bearish bets after the biggest plunge in prices since 1981.
Fifteen analysts surveyed by Bloomberg News expect gold to rise this week, two are bearish and four neutral, the highest proportion of bulls since December 2012. Short positions held by hedge funds and other large speculators jumped almost fourfold from October to Dec. 24 as the bear market deepened, the latest U.S. Commodity Futures Trading Commission data show……………………………………….Full Article: Source


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