Gold Investments Soar to 11-Year Peak: JPMorgan

Gold investment has surged in the past year, fueled by central bank acquisitions. JPMorgan Chase & Co. analysts report that implied allocations to gold by non-bank investors are at their highest since 2012. This trend, which began during the pandemic, has led to historically high implied allocations to gold. The rate of central bank buying is now the key factor influencing the future direction of gold prices, surpassing the importance of ETF flows, which held sway before the pandemic.

[ad_2]

Source link