Gold’s rally fuelled by unlikely buyers

Bloomberg/Ranjeetha Pakiam, Jack Farchy, and  Anchalee Worracate/7-29-2020

graphic image of a truck loaded with gold bars“Gold’s surge to an all-time high is winning over a wider fan base of pension funds, insurance companies and private wealth specialists.”

USAGOLD note:  These groups are new to the gold investment arena and bring to the table considerable purchasing power and market savvy – along with an eye to longer-term horizons. One immediate result might be more buying interest on price dips.

Graphic image courtesy of Visual Capitalist

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