Gold Traders Most Bullish in a Year After Dire End to 2016
- Trump, eurozone provide risk; India, China buying to rise: Day
- Bullion heads for biggest weekly advance since April
Gold Traders Most Bullish in a Year
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There’s one thing many gold traders and analysts agree on, now is a great time to own bullion.
Those surveyed by Bloomberg this week were the most bullish in a year. They cited worries over political developments in Europe, and in the U.S. following Donald Trump’s election, as well as expectations of stronger demand ahead of the Lunar New Year. After posting the biggest quarterly drop in more than two years, prices are now heading for their best weekly performance since April.