""Private investors have seized on gold's price drop. Gold's sudden retreat has given buyers the chance to reset the clock back before January's historic price spike.""
""Investing sentiment in gold has only been stronger at the peak of the financial crisis and then the Covid pandemic.""
""The Global Gold Investor Index set a lifetime high of 71.7 in September 2011, and it hit a series low of 47.5 in March 2024 when gold prices rose to what were then fresh record prices.""
Gold experienced a significant price drop of 10.5% in UK Pounds, prompting a surge in purchases on BullionVault. The number of buyers increased by 18.2%, surpassing sellers nearly 3-to-1. This buying frenzy was attributed to profit-taking by investors amid geopolitical tensions. The Gold Investor Index rose to 60.7, indicating strong investor sentiment, the highest since August 2020. Historical comparisons show that such buying activity is typically stronger during financial crises and significant market downturns.
Read at London Business News | Londonlovesbusiness.com
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