As Gold prices continue falling bullish bets increase

Source: Bloomberg
Gold net-long positions increased by 3.1% last week as hedge funds are eyeing a rally. Nonetheless, towards the end of the week prices fell due to a 19% lower demand from China and a positive outlook for the US economy, which overshadowed distress in Ukraine. The price of gold is expected to average over $1,300 during the year with inflation being a possible risk.

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