Gold analysts get bullish, the proportion of 35 surveyed by Bloomberg rising to its highest...

|By:, SA News Editor

Gold analysts get bullish, the proportion of 35 surveyed by Bloomberg rising to its highest level (83%) since November. ETPs have purchased 51.7M tons in August - also the highest amount since November - and now hold more gold than France. Gold broke out of a tight trading range this week and is at levels not seen since April.