SINGAPORE – Investors looking for a hedge against inflation are turning to gold, although prices of the precious metal have fallen this year as overall demand declines.
Consumer demand here – comprising jewellery, bars and coins – surged 58 per cent year on year to 3.3 tonnes in the third quarter, up from 41 per cent growth in the second quarter and 18 per cent in the first, said the World Gold Council.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you
