Commodities

gold bars

One metals trader tells of a recent shift in how he is perceived by the world at large. One year ago, he says, strangers at cocktail parties would quietly slope off when he told them what he did for a living. “Twelve months on, people not only stay, but all they want to talk about is gold,” he says.

That anecdote hints at a major transformation in investor interest in gold. Always seen as a safe bet when markets elsewhere are in meltdown, it’s perhaps unsurprising demand for gold has increased g