Latest Gold Investor Index

AI desk brief

BullionVault clients added 0.1 tonnes of gold in October, lifting holdings above 44.1 tonnes; three-month net purchases reached 0.6 tonnes, the strongest since June–August 2021. Silver net buying approached 1 tonne, taking holdings to 1,140 tonnes, as monthly dollar prices fell 6.3% for gold and 17.5% for silver. The platform’s buyer-versus-seller indexes rose to 56.3 and 55.0, respectively, but first-time investors fell 3.8% month-on-month and were 59.3% below their trailing annual average. Author Adrian Ash argues bargain buying could underpin prices but is not yet bullish, citing slowing new investment and rising interest-rate headwinds.