Low Gold Prices Luring Gold Traders

Bloomberg reported that gold traders are bullish, expecting gold to rally next week.

As quoted in the market report:

Fifteen analysts surveyed by Bloomberg expect prices to rise next week, 11 were bearish and three were neutral. Sales of gold coins from the U.S. Mint are poised for the biggest month since December 2009 and the U.K. Mint said purchases tripled in April. Russia and Kazakhstan boosted reserves for a sixth month as stockpiles across central banks climbed to an eight-year high, International Monetary Fund data show.

To view the whole Bloomberg report, click here.