Gold: Dark clouds over the economy attract investors – ANZ

The dark cloud over the global economy continues to attract investors into the precious metals sector, economists at ANZ Research apprise.

Key quotes

“Gold prices rallied back above USD1,600/oz amid strong flows in gold-backed ETF funds.” 

“Inflows have risen over eight consecutive days, helped by tightness in the coin and gold bar sector. This has pushed the premium on such items up as high as USD200/oz.”