TechFlow, Oct 14 — According to Bank of America's October Global Fund Manager Survey, a majority of investors believe that "going long on gold" has become the most crowded trade in the market. A total of 43% of surveyed investors listed "going long on gold" as the most crowded trade, surpassing "going long on the Magnificent Seven" at 39%. The survey also revealed that 39% of investors said their current gold exposure is close to 0%, 19% have around 2% allocated, and 16% have about 4% allocated. According to the statistics, the weighted average allocation to gold is only 2.4%. (GoldTen)
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