Not exact matches
The trade group that represents the commodity blamed the fall on a 15 percent dip
in investment in gold bars to 254.9 tons, as investors
in the U.S., China and Germany held off from buying the
yellow metal.
Investment and consumer demand for the
yellow metal results
in a lower correlation to other mainstream financial assets, such as stocks, making it an effective portfolio diversifier.
Last year, the Bitcoin
Investment Trust more than doubled
in value, while the
yellow metal gained 8.73 percent; and both assets outperformed the S&P 500 and the twenty - year US Treasury bonds.
Given that this new block of investors can now be unleashed on the gold market, if even a mere 1 percent of the overall value of Islamic
investment is allocated to the
yellow metal, it would be equivalent to approximately USD 65 billion or 1,700 tonnes of new global demand, nearly double China's estimated total demand for gold
in 2015.
As gold is seen as safe heaven against fluctuating economy and equities market, every trader or investor wants to have exposure
in this
yellow metal but they do not want to trade
in international market where
investment required is huge and also base currency is USD.
Gold is highly valuable
in Kolkata because of the
investment openings it creates, and the beautiful ornaments, which are made from this
yellow metal.