Gold prices set to march higher even as demand fell at the end of 2019: GFMS
Fabrication of gold jewellery fell 9% year-on-year in the fourth quarter to 509 tonnes, retail purchases of bars and coins were down 7% at 297 tonnes and central bank buying was 18% lower at 132 tonnes, according to the report.
Gold is often seen by investors as a safe investment during times of political and economic uncertainty and becomes more popular when interest rates fall, as they did last year, Photo: Reuters