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Commodities Briefing - Categorized | Bullion/Gold, Investment more

Gold investment at highest ever level – 16% above previous record

Posted on 12 August 2016

For the first time, investors were the largest buyers of gold for two consecutive quarters. Hedge funds and other western investors have been piling into gold this year, pushing investment to a record high and driving the price of bullion to its biggest first-half gain since 1980.
The latest report from the World Gold Council, which represents gold miners, indicates that global gold demand reached 2,335 tonnes in the first six months of the year………………………………………..Full Article: Source


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