Faced with instability, gold is the favourite investment of the Turks
After the lira fell some 10% in a day, a survey puts gold ahead of the dollar as the place Turks would put their money, 40% against 20%.
Global demand for gold coins and bars at its highest since 2016
Since the fourth quarter of 2016, demand from private buyers for gold coins and bars has not been higher: 86 tonnes in China, twice the five-year average in the United States, and a doubling in Turkey.
Gold and inflation: myths and realities
Gold protects against inflation, so the saying goes. Over two thousand years, yes. Over the last fifty, inflation explains only 16% of its moves. The real link runs through real interest rates.
Global gold demand firms up
Jewellery demand in the United States is at a twelve-year high and Swiss gold exports to China are back above 75 tonnes: two signs that final demand is following the gold price up.