Gold

Gold: GOLD traders are the most bullish on the commodity since before the bear market began two mths ago, as a retreat in equities from an almost five-yr high and a weakening dollar spurred demand for it. 19 analysts surveyed by Bloomberg expect prices to rise next week, with 8 bearish and 6 neutral, the largest proportion of bulls since Mar22. With stock markets come under pressure, Gold traders are seeing increase in risk aversion coupled with Gold already experiencing a recent correction, investors are beginning to see value in the gold market. We do not rule out any potential interest in SGX listed Gold Co’s. e.g Liongold and CNMC on back an increase in investor’s interests in the commodity.