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Gold traders most bullish in years

Published 12/06/2018, 11:06 AM
Updated 12/06/2018, 11:06 AM
© Reuters.  Gold traders most bullish in years
  • According to Bloomberg's weekly survey, gold traders and analysts are the most bullish since at least April 2015 (the start of the data series).
  • "I expect the price of gold to rally off of a slowing economy and with the Fed being handcuffed from raising rates due to the unfavorable economic data that will be in front of them," says Dillon Gage's Walter Pehowich, nicely summing up the conventional wisdom.
  • Of 15 surveyed, 13 were bullish, 1 bearish, and 1 neutral.
  • With stocks down another 2% this morning, gold is higher by 0.4% to $1,248 per ounce.
  • ETFs: GLD, IAU, PHYS, SGOL, UGLD, UGL, DGP, GLL, GTU, GLDI, OUNZ, DZZ, DGL, DGLD, DGZ, GYEN, BAR, GEUR, GLDW, GHS, UBG, QGLDX, GHE, AAAU, GLDM, IAUF
  • Now read: Gold Remains In Its Trading Range - A Move Could Be On The Horizon


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