Gold appetite in May was the strongest in over 3 years

Marketwatch reports:

Buyers took advantage of gold’s price volatility to boost their holdings in May, according to data from BullionVault.

The increase in buying lifted a key measure of gold investment to its highest level in roughly three years, BullionVault’s report, released on Tuesday, shows.

The Gold Investor Index, run by internet-based metals exchange operator BullionVault, jumped to 55.8 in May—its highest level since April 2013. It stood at 53.5 in April.

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