Eighty seven per cent of investors in precious metals are expecting the price of gold to climb even higher in the second half of the year. According to a new infographic released by Kryptoszene.de, both small investors and market experts see great potential in gold.In the first six months of the year, the price of gold recorded its second highest half-yearly gain of the last decade. Confidence in the future of gold has never been greater, with 34.7 per cent of investors convinced that the price of the precious metal is benefiting from the monetary policies of governments and central banks. Another 20.7 per cent are suspicious of the level of government deficits and therefore expect gold to perform positively.
Meanwhile, our infographic shows that Google’s global demand is also hitting new highs. The Google trend score for the search term pair “Buy Gold” currently stands at 94, and last week it hit the maximum value of 100. This stands for the largest possible relative search volume. Germans expect gold to outperform all other asset classes in terms of price development over the next three years. In second place are equities – with every fourth investor convinced that this asset class will develop best in the coming years.
“Various market players seem to share the sense that gold still has a long way to go”, observes Kryptoszene analyst Raphael Lulay. “Driving the price rise are loose monetary policy, deficits in national budgets, fears of a second wave of infection and geopolitical uncertainties.”
