Gold traders most bullish in a year after dire end to 2016

There’s one thing many gold traders and analysts agree on, now is a great time to own bullion. Those surveyed by Bloomberg this week were the most bullish in a year. They cited worries over political developments in Europe, and in the US following Donald Trump’s election, as well as expectations of stronger demand ahead of the Lunar New Year. After posting the biggest quarterly drop in more than two years, prices are now heading for their best weekly performance since April.