In its Q3 Global Demand Trends report, published today, the World Gold Council (WGC) described a pretty gloomy picture for gold demand. Investment was the only exception, as the economic and political uncertainty following the UK’s referendum to leave the EU, coupled with the uncertainty around the outcome of the US presidential election, prompted investors to seek the safety of gold again. Looking ahead, we expect demand for safe havens to continue to support the price of gold, even more so in the event of a Trump win.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.