LONDON, 7 September 2016 – Gold demand amongst private investors jumped in August to a near-4 year high by weight, reports today's edition of The Times of London, citing latest data from BullionVault.
"The company, which allows investors to buy physical bullion, which it stores, said that net purchases of 470kg took total holdings to nearly 36 tonnes, worth $1.5 billion," says the paper.
"Private investors continue to grow their gold holdings against a trend of both rising prices and rising financial risks," it quotes Adrian Ash, head of research at BullionVault.
"Last time net gold investing demand was this strong, prices were retreating hard from the late 2012 rally."
Times' subscribers can read the news – also carried this morning by London financial freesheet CityAM – at TheTimes.co.uk online:
