Bloomberg's weekly gold survey indicates strong positive sentiment surrounding gold

Gavin Wendt
Gavin Wendt MineLife

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.

Comments

Please sign in to comment on this wire.