SECTOR UPDATE: Gold Stocks May Be Worth Watching Amid Reports of Bullish Traders

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Gold stocks like B2Gold (BTO.TO) and Goldcorp (G.TO) may be worth watching on the TSX today as Bloomberg reports that traders of the precious metal are the most bullish in a month after Federal Reserve Chairman Ben S. Bernanke signaled record stimulus will continue until the economy improves.

Twelve analysts surveyed by Bloomberg expect prices to rise next week, with nine bearish and eight neutral, the highest proportion of bulls since April 26.

"Bullion is poised for its first weekly gain in three and trading and investment company Degussa Goldhandel GmbH said demand this month will be double the first-quarter average," Bloomberg reported.



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This article appears in: Investing , Commodities

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