Record China Gold Imports Has Traders Bullish

Bloomberg reported that gold traders are turning bullish on the fast pace of gold buying by China and the US.

As quoted in the market news:

Eighteen of 23 surveyed by Bloomberg expect the metal to gain next week, the highest proportion since Nov. 11. Mainland China imported almost 102.8 metric tons in November, valued at about $5.4 billion, trade data on Jan. 11 showed.

Click here to read the full Bloomberg report.