With market volatility picking up and what’s sure to be an extremely divisive election season around the corner, “safe haven” investments such as precious metals are seeing more investor interest. Prior to this week, gold enjoyed nine consecutive weeks of gains. Data visualization site howmuch.net looked deeper into how the world’s supply of Gold is actually used. They found the two biggest uses were for jewelry and investment. Interestingly, central banks and other large institutions accounted for less than 15% of 2019 consumption.
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