Gold is back in fashion after US$15 trillion global equity rout
Investor holdings of bullion through ETPs are expanding at the fastest pace in a year
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New York
THE US$15 trillion rout in global equity markets since May is reawakening the lure of gold for investors seeking safety.
Hedge funds more than doubled their net-long position in bullion last week, just three weeks after they were the most-bearish ever. Investor holdings of gold through exchange-traded products (ETPs) are expanding at the fastest pace in a year, and the value of the ETPs has jumped by US$3 billion in 2016.
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