Lovers and Central Banks Walk Away From Gold’s Scorching Rally
By GCRU Gold News on Tuesday, November 8 2016, 21:34 - Permalink
Soaring gold prices have pushed out some of the biggest buyers.
Jewelry demand plunged 21 percent in the third quarter, taking the year-to-date total to the lowest level since 2009, according to a report from the World Gold Council. Central banks bought almost half as much gold as a year earlier.