LONDON, 2 December 2014 – BullionVault's Gold Investor Index, which measures private sentiment towards physical gold, rose last month as people bought metal at the lowest prices in almost five years, says financial professionals' site Wealth Briefing.
The rise "was down to fresh price weakness which saw the heaviest trading since March," the report explains, "as well as a growing number of people buying gold to build 'financial insurance' at lower cost."
"These new lows in the gold price are unsurprising given the collapse in oil prices and the new record highs in US equities," Wealth Briefing quotes Adrian Ash, head of research at the online gold and silver exchange.
"The exit of hot-money funds and traders who chased the bull market higher has created an opportunity for private investors to build a position in gold as portfolio insurance, and at lower cost."
You can read the full story – also reported today by financial data and news providers Bloomberg as well as UK professionals' site Portfolio Adviser – at Wealth Briefing here:
Global Demand For Gold Rises As Investors Snap Up Bargain Prices
