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Analyst: Gold Prices to Climb

Gold's next major move should be up.

Gold traders’ increasing impatience has caused some of them to bail on the precious metal — which, in turn, is why contrarians are confident that gold’s next major move is most likely up, according to analyst Mark Hulbert. "While bullion’s listless behavior over the last couple of months is undeniably frustrating, a very robust wall of worry is being built. Eventually, gold will begin to climb it," said Hulbert.

Read more in MarketWatch

Friday, May 04 2012 03:37