View full page at metalsmine.com

 

Slowing investor demand looms over gold prices

From af.reuters.com

The rapid accumulation of gold by investors as the coronavirus crisis erupted earlier this year has slowed, threatening the record-breaking rally in prices of the precious metal. Investors seeking safety in gold, which typically holds its value during troubled economic and political times, have offset a collapse in jewellery demand and helped push prices above $2,000 an ounce for the first time. They have added about 959 tonnes of gold worth $60 billion at current prices to their holdings in physically-backed Exchange Traded Funds (ETFs) so far this year, according to data from the World Gold Council (WGC). But in ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis