ALL THAT IS GOLD GLITTERS

摘要

The Australian dollar gold price leapt to new heights on the back of global uncertainty surrounding the United States–China trade wars in 2019.With the Reserve Bank of Australia’s (RBA’s) move to cut interest rates to record low levels in 2019, gold has once again become a safe haven for investors.This was the purchasing trend of last year, but it primarily applies to institutional investors and central banks. Their move away from the American dollar has led to record buying that the market hasn’t seen in decades.World Gold Council director of market and member relations John Mulligan says institutional investors have returned to gold at a promising time.“You can see this in central bank buying,” Mulligan tells Australian Mining at the 2019 International Mining and Resources Conference (IMARC).