Gold Traders Split With Bullion Nearing Bear Market

Summary: A recent survey of market analysts shows attitudes are evenly split on where gold is going for the remainder of 2013. Of the 27 participants in the survey, 12 project gold prices will go higher next week, while another 12 says they’ll dip lower. The remaining 3 were neutral. The “bear” camp says a recovery in equities and the broader economy will put pressure on gold as investors cash out for other investments. The “bull” camp says continued stimulus around the world will make gold appealing from a wealth preservation perspective. Read more…