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

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

Postby Gold Silver » 29 March 2017

https://www.youtube.com/watch?v=Fz-jnUTeLII


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.

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