Despite the gold price falling to recent four year low sentiment towards the yellow metal remains high. The price drop has done little to defer investors with exchange traded funds reporting positive inflows.
In November Jersey based ETF provider, ETF Securities, announced inflows into their gold ETF’s hit a seven week high as investors entered the market to take advantage of the price decline.
A recent survey undertaken by Lloyds Private banking confirmed gold as an asset class has the second highest positive sentiment figures among private investors.
Despite the rally in equity markets investor’s sentiment towards shares has fallen dramatically in recent months as volatility returned to the markets.
Gold is currently trading at £766.03 per ounce, silver £10.38 per ounce, platinum £770.63 per ounce and palladium £492.87 per ounce.