BullionVault’s Gauge of Buying Falls Toward Four-Year Low
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BullionVault, an online service for investors to buy and sell physical gold and silver, said its Gold Investor Index retreated toward a four-year low in August.
The gauge fell to 51.7, from 51.9 in July, the London-based company said in an e-mailed report today. A reading above 50 indicates more buyers than sellers and the index reached 51.2 in June, the lowest level since February 2010. Customer holdings rose for a third straight month, to a record 33.1 metric tons.