Gold Investors Bullish After Paulson’s Buy Recommendation

Bloomberg reported that John Paulson said investors should buy gold as an inflation hedge, making traders bullish.

As quoted in the market news:

Speculators in U.S. gold futures are now their most bullish since September after the Bank of England and Bank of Japan said they will buy more assets and the Federal Reserve said it was considering purchasing more bonds.

Click here to read the full Bloomberg report.