Gold Investing: Retail Out, Bigger Money In
- First, March 2018 saw gold priced in Dollars rise for the third calendar quarter running, ending with its highest quarterly close in nearly 5 years;
- Second, these gains came as US bond yields also rose for the third quarter running, defying a tendency for gold to move in opposition to longer-term interest rates;
- Third, gold rose in Dollar terms as the US stock market fell. That's exactly what portfolio managers would want it to do. So it's no surprise they have, as a group, been buying.