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Bloomberg/Elena Mazneva/3-11-2020
“The fear gripping markets around the world is fueling record trading in gold as investors seek out havens. Gold trading tracked by the London Bullion Market Association’s LBMA-i service reached almost $100 billion on Monday, the highest-ever daily volume, the association said.”
USAGOLD note: LBMA volumes to a large extent reflect institutional trading. Nevertheless, it is indicative of the trend to secure gold as a refuge from the storm already unleashed in financial markets and the general economy.
Image courtesy of Degussa Goldhandel