Gold’s Safe Haven Rally

Gold's Safe Haven Rally

It’s about time the price of Gold is rallying. Gold has rebounded nicely, up 1% since the start of the week, driven by a pick-up in safe haven demand and seeing a decline in Equities prices caused by rising trade tensions between the United States and China.

More good news, the World Gold Council reveals that central banks bought 145.5 tonnes of Gold in the first quarter of 2019, up by 7% year on year, the largest first-quarter increase in global reserves since 2013. “Diversification and a desire for safe, liquid assets were the main drivers of buying here,” the council said.

Have a wonderful Wednesday.

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