LONDON, 31 October 2023 - Comment from BullionVault features today in a report from leading German newspaper Handelsblatt about how weak investment demand for gold has so far failed to dent the price of the precious metal.
"In the long term, consumer demand, along with central bank demand, helps form a floor for gold prices," explains Adrian Ash, director of research.
So while these segments of the market might not push the gold price higher, they are working to prevent it falling.
Read the full report (in German) at Handelsblatt here:
World Gold Council; Zentralbanken decken sich mit Gold ein - Deutsche Nachfrage sinkt deutlich