Investors Are still Hungry for Gold (XAU)

The price of gold rose at a rapid pace in the spring and summer of this year, while the growth occurred in parallel with the rise in share prices, although the prices of these two assets usually move in different directions.

In early August, gold was an all-time high, after which it fell by a few percent and has been hovering in this zone without an intention to rise since then.

However, the demand for gold is still high, according to The Market Ear. In September, when gold prices barely rose, demand for the Gold ETF continued to rise.