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Gold Traders Most Bullish in Three Weeks After Fed

From bloomberg.com

Gold analysts are the most bullish in three weeks after the Federal Reserve’s surprise decision not to taper stimulus increased demand for bullion as a hedge against accelerating inflation and currency debasement. Sixteen analysts surveyed by Bloomberg expect prices to rise next week, five were bearish and five neutral. Gold jumped 4.1 percent on Sept. 18, the most in 15 months, after the U.S. central bank said it wants more evidence of an economic recovery before slowing its $85 billion-a-month of bond buying. Gold is set for the first annual drop in 13 years as some investors lose faith in the metal as a store of ... (full story)

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  • Category: Breaking News