Bloomberg's weekly gold survey indicates strong positive sentiment surrounding gold
Bloomberg's weekly gold survey indicates strong positive sentiment surrounding gold. 13 analysts surveyed by Bloomberg expect prices to rise next week, four were bearish and five neutral, the highest proportion of bulls since March 8. Consumer buying of the metal jumped by 53% during Q2 2013 compared to a year earlier, almost making up for the record sell-off of exchange-traded products backed by bullion, World Gold Council data shows.
Gavin has been a senior resources analyst following the mining and energy sectors for the past 25 years, working with Intersuisse and Fat Prophets. He is also the Executive Director, Mining & Metals with Independent Investment Research (IIR).