Physical Gold Demand Strong In Emerging Markets and Limited Supply Leading To Higher Gold

Consumers are lapping up gold at a time supply is declining, helping underpin a rally in the precious metal.
Demand from emerging markets in particular is strong as currencies such as the Indonesian rupiah, the Malaysian ringgit and the Vietnamese dong has fallen sharply in the last 12 to 18 months against the U. S. dollar, prompting consumers in these markets to buy physical gold, which is seen as a haven in times of tumult according to CNBC.

This post was published at Gold Core on March 14, 2016.