Global gold investment up for fifth consecutive year since 2018
Bullion investors, miners and makers of coins will help drive the fifth straight annual increase in total global gold investment in 2018, CPM Group said in its Gold Yearbook 2018 on Tuesday, citing geopolitical tensions and fears that the bubbling U.S. economic expansion will end in a 2019 recession.
“The changing global monetary policy landscape coupled with long in the tooth growth cycle in the United States, and little fresh ammunition to bolster the U.S. markets further, means that the U.S. economy looks most at risk of recession,” CPM said.
CPM forecast net gold investment at 20.3 million ounces during 2018, a 6.6 percent rise from its 19.1 million ounces in 2017, and the highest increase since 2016 when it rose 23.9 percent to 26.1 million ounces...
Source:reuters.com