by Abid Pasha
Gold buying surged to record levels in H1, 2016 due to increasing concerns about the political, economic and monetary outlook. In particular, deepening concerns about the negative interest rate money “madness” of central banks today.
[…] Yesterday we covered this surge in gold buying in western markets as detailed by the World Gold Council and what is driving this increased demand. Monetary policies and their impact on savers, along with political risks, contributed to record H1 gold investment demand, surpassing even that of the 2009 financial crisis.