Gold demand bounces back as fear grips markets
By GCRU Gold News on Thursday, February 11 2016, 09:42 - Permalink
Fears that the world is on the brink of another financial crisis sparked a gold buying spree among nervous investors at the start of the year, according to the World Gold Council.
The flight to safety has seen gold prices climb 13pc since the beginning of 2016, representing the precious metal's best start to the year since 1980.
Mr Hewitt said the pick-up in demand was likely to continue in the coming months.
"People, and especially institutional investors are becoming more concerned about the threat of a global recession and how that could affect the banking system.