BullionVault’s Gauge of Client Buying Declines to Five-Month Low
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BullionVault, an online service for investors to buy and sell physical gold and silver, said its Gold Investor Index declined to a five-month low in December as the metal posted its biggest annual drop since 1981.
The gauge fell to 52.9 last month from 54 in November, the London-based company said today in an e-mailed report. That was the lowest level since July’s 10-month low of 52.6. A reading above 50 means more buyers than sellers. December’s reading compares with a peak of 71.1 in September 2011, the month gold reached a record $1,921.15 an ounce.