Gold traders are the most bullish in 11 weeks and investors accumulated record bullion holdings on speculation US policy makers will add to stimulus following President Barack Obama's re-election.
Twenty-five of 33 analysts surveyed by Bloomberg expect prices to rise next week and three were bearish. A further five were neutral, making the proportion of bulls the highest since August 24. Investors boosted assets in gold-backed exchange-traded products to an all-time high of 2,596.1 tonne on Saturday, valued at $144.7 billion..............................................Full Article: Source
|