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MCX GOLD TOP NEWS UPDATED BY SPIDERSIGNALS.COM

INVESTORS RUSH INTO GOLD

Investors are going for gold in a big way. Inflows into bullion-backed exchange-traded funds topped 100 tons in August to hit the highest since February 2013 as the trade war worsened, risk assets took a knock, and central banks signaled looser monetary policy.Bullion’s been on a tear, gaining 19% this year, as the global outlook worsened on the stand-off between the U.S. and China.
Central bank-buying has provided another layer of support, and Goldman Sachs Group Inc (NYSE:GS). says prices are likely to advance further as official purchases continue and demand for ETFs rises.

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