Western retail demand for gold surges in rush for hard assets | Metals Mine

  • Western retail demand for gold surges in rush for hard assets

    From mining.com

    In London’s historic Hatton Garden, where diamonds have long been the star, gold is commanding more attention. The famed jewellery district is abuzz with customers seeking bullion bars and coins, broadening the investor pool for tangible assets. “There’s a mix of buying and selling gold, but buying is definitely stronger. Even though prices are high, people are still buying. Many believe prices will go even higher,” said Mashhood, a staff member at a local shop. Spot gold hit a record high of $4,381 per ounce on Monday. Even though a steep selloff on Tuesday and Wednesday took it down 7% to around $4,076 per ... (full story)

Comment Options
  • Story Stats

  • Related Stories