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A Global Currency Blog

Monday, January 16, 2012

Gold Traders Turn Bullish in Bloomberg Survey

The outlook for gold bullion is bullish, according to the latest survey of gold experts by Bloomberg. In fact, ten of the 22 experts predicted the price of gold would increase this week. Five experts were neutral about the price of gold.

Experts predicted that the continuing European crisis and the growing stress over Iran would cause a flight of investors buying gold. The rush of gold buyers would support the price and most likely push it towards another weekly gain.

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