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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

Published Mon, Jan 25, 2016 · 09:50 PM
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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.

Bullion has seen a revival of its appeal as a haven after being mainly ignored last …

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