LONDON, 6 December 2016 – US financial paper of record, the Wall Street Journal today reports a surge of gold demand on BullionVault amid the recent drop in prices.
Gold has been "weighed down by a stronger dollar and expectations of a more hawkish Federal Reserve," says the WSJ's online report, meaning that "gold bulls were confounded by the precious metal's slump in the wake of Donald Trump's election."
For private investors, however, "gold retains its allure as a haven in times of rising political uncertainty," it goes on, pointing to the latest Gold Investor Index data from BullionVault.
It shows a near-30% jump in the number of people buying gold in November compared with October, the WSJ says, with the net weight of new demand reaching the strongest 1-month addition to client holdings since November 2011.
Read the full story at the WSJ online here:
