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POSTED ON February 21, 2019  - POSTED IN Key Gold Headlines

Analysts expect continued strong investment demand for gold in China this year.

According to Xinhua News, gold as an investment will likely “glitter” in 2019 and gold jewelry sales are expected to get a boost in the Chinese lunar Year of the Pig. It also appears the People’s Bank of China is on a buying spree.

China ranks as the world’s top gold consumer.

POSTED ON February 12, 2019  - POSTED IN Key Gold Headlines

Gold is on a nice little bull run. The yellow metal is up almost 3% since the first of the year and nearly 13% since touching one-and-a-half year lows last summer. But as a recent article in Barron’s pointed out, the relative strength of the dollar has disguised an even more substantive bull market for gold.

Sharps Pixley CEO Ross Norman told Barron’s that gold has seen a widespread, strong and sustained value appreciation around the globe against 72 currencies.

POSTED ON February 7, 2019  - POSTED IN Key Gold Headlines

Total holdings of gold in gold-backed ETFs grew for the fourth straight month in January.

Globally, ETFs added 72 tons of the yellow metal to their holdings last month, according to the latest data released by the World Gold Council. This brought the total amount of gold held by funds worldwide to 2,513 tons valued at about $107 billion.

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