Despite gold bullion prices taking a hard hit, data supports an increase in demand for the precious metal in the long-term

Livewire
Despite gold bullion prices taking a hard hit, data supports an increase in demand for the precious metal in the long-term. Investors now have a valuable buying opportunity similar to 2008 when prices fell from $1000/oz to below $700/oz by year-end. Firstly, the demand for gold bullion at the US Mint is 7.5% higher YTD than the same period in 2011. Secondly, demand from gold bullion-consuming nations like India is robust with the premium paid by consumers doubling last month as supply exceeded demand. While gold prices can still go lower in the short-term, the long-term trend still holds. (VIEW LINK)
1 topic

Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.
Expertise
No areas of expertise

Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.
Expertise
No areas of expertise