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Gold Traders Most Bullish in Month as Buying Surges

Gold traders are the most bullish in a month after mints around the world said demand for bullion coins is surging and central banks added to reserves even as prices slumped the most in three decades.

Fifteen analysts surveyed by Bloomberg expect prices to rise next week, 11 were bearish and three were neutral. Sales of gold coins from the U.S. Mint are poised for the biggest month since December 2009 and the U.K. Mint said purchases tripled in April. Russia and Kazakhstan boosted reserves for a sixth month as stockpiles across central banks climbed to an eight-year high, International Monetary Fund data show.