Friday, June 25, 2010

Opinions Mixed On Gold's Fate Next Week

A Bloomberg survey revealed that ten out of nineteen traders, investors and analysts said that gold would rise next week. Four were bearish and four were neutral.

There was near-unanimity last week, and the gold price didn't gibe with the forecast. Now that there's a mix, with less bullishness, it looks like last week's excitement has faded.

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