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Fund Managers Believe Gold Is Undervalued: Time to Buy?

Annie Gilroy
Fund Managers Believe Gold Is Undervalued: Time to Buy?

A record number of fund managers in the BAML (Bank of America Merrill Lynch) July survey believe that gold (GLD) (IAU) is undervalued. About 17% of them said gold was trading below its actual market worth, and 25% said oil (USO) is overvalued.