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Gold Bulls Weakest in Month as Investors Buy Dollar

Gold traders are the least bullish in five weeks after the metal erased almost all of this year’s gains, as political turmoil in Europe and mounting optimism about the U.S. economy drives investors to favor the dollar.

Fourteen of 32 analysts surveyed by Bloomberg expect prices to gain next week and six were neutral, the lowest proportion since April 6. Bullion futures slid to a four-month low of $1,572 an ounce today and hedge funds are making their smallest bet on a rally in about three years, Commodity Futures Trading Commission data show.