Gold Bulls: Gold and Research Analyst

gold bulls: With concerns over slowing global growth on the mind of many investors, Brexit drama, China slowdown fears and many other negative themes floating in the air, gold bulls are safe, he said in a note, according to Market Watch. April gold GCJ9, 0.27% edged up 1.10, or less than 0.1%, to settle at 1,315.10 an ounce. The risk-on' vibe sweeping across global markets and the stabilizing U.S. dollar are bad news for gold which tends to shine in times of uncertainty, said Lukman Otunuga, research analyst at FXTM. But gold has nothing to worry about in the longer term given the unfavorable market conditions and geopolitical risks bubbling in the background. The most-active contract had traded as high as 1,321.70. Gold has gained almost 3% since the end of last year based on the most-active contract as uneasy trade progress, grouped with a series of global growth downgrades and an expected pause in Federal Reserve rate-hike policy sent investors to seek cover in lower-risk pockets of the financial markets. The SPDR Gold Shares ETF GLD, 0.56% added less than 0.1%. The ICE U.S. Dollar IndexDXY, 0.13% a measure of the U.S. currency against a basket of six major rivals, was up 0.3% at 97.035. (news.financializer.com). As reported in the news.