Gold Fund Buying Frenzy Spurs Demand to Second-Highest Ever

Gold prices jumped 16 percent in the quarter, the most in three decades, even as demand slowed in India and China, the biggest consumers. Investors piled into bullion-backed exchange-traded products amid volatile equity markets, while the outlook for low U.S. borrowing costs and negative rates in some other countries also boosted demand for a store of wealth.

Gold Fund Buying Frenzy Spurs Demand to Second-Highest Ever