A record-breaking flood of gold investment that has driven prices to all-time highs was not enough to stop a collapse in jewellery sales from cutting global demand for the metal by 6% in the first half of 2020, the World Gold Council (WGC) said. The coronavirus pandemic triggered stockpiling of gold in Europe and North America as insurance against inflation and market turmoil, driving prices up almost 30% this year to more than $1,950 an ounce. Investors amassed a record 1,131 tonnes of gold, worth $60 billion, over the six months to June, up from 595 tonnes in …read more
Source:: Yahoo Finance
