BullionVault’s Gold Buyer Index Rises as Holdings Expand
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Gold investor demand showed signs of rebounding in July with holdings held by BullionVault customers rising to a record.
The Gold Investor Index, a gauge of investor demand, rose to 51.9 from a four-year low of 51.2 in June and the first increase since February, according to BullionVault, an online service for investors to buy and sell gold and silver which started the index in October 2012. A reading above 50 indicates more buyers than sellers. Gold held by its customers climbed to 33.03 metric tons from 32.8 tons.