PRESS ROOM
Strong demand continues to support gold
Friday 22nd April '22
The combination of elevated geopolitical and economic risks, and rising inflation is keeping gold demand strong. Net speculative positioning in gold futures (a measure of sentiment), is close to 300k net long contracts . This is around one standard deviation above the preceding 5-year average. Similarly, physical gold held in exchange traded products has risen to around 107m troy ounces (as of 19 April 2022) compared to around 98m troy ounces at the start of the year.