Given the uncertainty in the stock market , many investors prefer the asset that has stood the test of time.
Global demand for gold has grown to 2,335 tons in the first half of this year, the second highest level in the history of the records for that period , according to a new report.
The indicator is 18 % above the same period last year, according to the organization promoting trade and production of gold World Gold Council ( WGC ) .
The rise in demand is due to increased investment in gold to a record 1,064 tons , or 126 % more than in the first half of last year.
Investors are concerned about the negative bond yields and the overvaluation of securities in the market, caused by the massive injection of money by the monetary authorities , as well as geopolitical instability . Therefore , investors prefer safer assets , according to the VestiFinance portal.
This trend has had an effect on the market , pushing up the metal by 25 % in the first half of the year , showing the best performance in that period in more than 35 years.
At the same time , demand for gold jewelry has decreased by 17 % before the price rise .