Whether Fear or Greed, New Crop of Investors are Seeking Gold

Latest Videos, Alternative Media, News & Information
User avatar
Gold Silver
Posts: 1007
Joined: 08 June 2016
Country: Australia

Whether Fear or Greed, New Crop of Investors are Seeking Gold

Postby Gold Silver » 29 March 2017


For the gold market, 2016 marked the return of the “opportunistic generalist investor” – or more simply, the short-term focused gold enthusiast, who previously exited the market in late 2011 and early 2012 – this according to the latest findings of CPM Group. “While net investment demand in 2016 at 27.4 million ounces was below the high levels seen between 2009 and 2012, it was a recovery from the reduced investor interest in recent years,” CPM said in the annual release of its coveted gold yearbook on Tuesday. Many investors left the gold space following the metal’s peak at its all-time high of $1,900 an ounce in 2011 and the return of these shorter-term investors is helping to support gold’s current rally. On Tuesday, gold prices remained near a one-month high as demand for assets perceived as risky have waned, and the dollar has weakened in the wake of GOP leaders’ failure to repeal and replace Obamacare.

Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: http://www.kitco.com/newsletter

Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: http://kitcomm.com -- Or join the conversation on social media: @KitcoNewsNOW on Twitter: http://twitter.com/kitconews --- Kitco News on Facebook: http://facebook.com/kitconews --- Kitco News on Google+: http://google.com/+kitco --- Kitco News on StockTwits: http://stocktwits.com/kitconews

Return to “Media Resources”

Who is online

Users browsing this forum: No registered users and 2 guests


[Most Recent Quotes from www.kitco.com] [Most Recent Quotes from www.kitco.com]

Share & Follow Gold Silver Council

Follow Gold Silver Council