Gold Bulls Increase as Central Banks Expand Reserves

Bloomberg reported that gold traders are taking a bullish view as central banks add to their gold reserves.

As quoted in the market news:

Fourteen of 28 analysts surveyed by Bloomberg expect prices to gain next week and nine were neutral, the highest proportion in two weeks. Mexico, Russia and Turkey added about 44.8 metric tons valued at $2.39 billion to reserves in March, International Monetary Fund data show.

Click here to read the full Bloomberg report.