05.04.2016 - Clashing Views on Gold
In the first quarter, gold registered its strongest quarterly gain in 30 years. But what lies ahead for the metal? Depends, of course, on whom you ask and which macroeconomic indicators and other evidence they choose to accentuate. A piece by Bloomberg argues that gold, which jumped 17% in value last quarter, could add more nice gains ahead, thanks in part to the bullishness of hedge-fund managers. “While gold futures have dipped from a 13-month high, hedge funds are the most bullish since January 2015,” writes Bloomberg’s Megan Durisin...............................................Full Article: Source
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