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Gold Bulls Dominate for Longest Run in Bear Market

Gold traders are bullish for a fourth week, the longest run since the bear market began in April, as Federal Reserve Chairman Ben S. Bernanke said he’ll maintain stimulus if growth misses expectations.

Fifteen analysts surveyed by Bloomberg expect prices to rise next week, nine were bearish and five neutral. Gold climbed above $1,300 an ounce on July 17 for the first time in more than three weeks after Bernanke said in testimony to Congress that monthly asset purchases “are by no means on a preset course.” Bullion rose 70 percent from December 2008 through June 2011 as the central bank bought more than $2 trillion of debt.