Over the last seven days, The Pure Gold Company has seen a 378 per cent increase in first time investors purchasing gold bars and coins compared to the weekly average for 2019. What's more, there has been a 63 per cent increase in financial professionals and bankers investing in physical gold, according to the firm.
Nitesh Shah, Director at WisdomTree, has issued his most recent outlook on Gold in which he discusses why he believes price appreciation is overdue.
“The yellow metal fell 4 per cent in the three months from the end of June – a decline that we do not believe is justified by the 11 basis-point rise in bond yields and 0.4 per cent gain in the US dollar over the period. Rather, gold’s poor performance seems to have been driven by a collapse in sentiment.”
WisdomTree writes that the WisdomTree Enhanced Commodity UCITS ETF - EUR Hedged Acc gives investors the opportunity to participate in the performance of a comprehensive commodity basket consisting of energy commodities, agricultural goods as well as industrial and precious metals.