Gold analysts more bullish on Fed stimulus outlook

London

GOLD analysts are the most bullish in six weeks as Janet Yellen, the nominee to run the US Federal Reserve, signalled the US central bank is in no hurry to curb economic stimulus, reviving demand for the metal as a haven.

Eighteen analysts surveyed by Bloomberg News expect prices to gain next week, nine are bearish and two neutral, the largest proportion of bulls since Oct 4. Gold rose 70 per cent from December 2008 to June 2011 as the Fed pu…