Bitcoin interest beats gold in Google first
Google searches for ‘buy bitcoin’ overtook searches to ‘buy gold’ for the first time in October according to precious metals trader BullionVault.
Gold
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Gold sales soar after first rate hike in a generation
Sales of gold to first-time buyers soared 64% last week after the Bank of England’s base rate hike, The Pure Gold Company said.
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Tech tops returns in October, while gold bottoms
Investors in technology funds enjoyed strong returns in October, while four of the worst performing funds in the month were gold invested.
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PA ANALYSIS: The best hedge for geopolitical tail risk
According to a recent Bank of America Global Fund Manager Survey, the threat posed by a conflict between the US and North Korea is seen as the biggest tail risk to global markets.
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Iboss goes for gold with Old Mutual
Iboss has added Ned Naylor-Leyland’s Old Mutual Gold and Silver Fund to both its Oeic range of risk-rated funds and portfolio management service after altering its stance on gold.
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Fidelity’s Bateman: the better hedge than gold
Fidelity International’s James Bateman believes oil is a better “Armageddon hedge” than gold because it is needed irrespective of market conditions whereas gold is not.
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Sentiment to UK worse than after Brexit vote
The UK remained an unpopular place for investors to park their cash in September, as lingering uncertainty regarding the shape of the Brexit deal continued to spark anxiety about the region’s long-term prospects. The UK equities sector was the biggest loser by far, falling 3.20 percentage points (pp) in investors’ estimation to 1.55% between August and September, its…
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Gold sales soar as North Korea nuclear threat bites
A US warning that North Korea’s use of nuclear weapons would spark a “massive military response” saw sales of physical gold soar to the highest level since Brexit on Monday morning.
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August’s good, bad and the ugly fund performers
Gold, Japanese and emerging markets funds enjoyed a strong August, while absolute return funds had a month to forget, as did Neil Woodford.
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Gold rallies to highest level this year after North Korea missile launch
The price of gold surged to its highest level so far this year in the wake of North Korea firing a missile over Northern Japan.
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7IM reveals ‘highest ever’ gold exposure
Seven Investment Management has upped gold exposure across its funds to the highest ever level in anticipation of a potential market correction.
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Investors rush to gold following rising North Korea tensions
The stand-off between US president Donald Trump and North Korea has led to a spike in gold and silver prices, with financial markets adopting a safety first attitude in the immediate aftermath of escalating tensions.