Political uncertainty driving up purchases
Goldman Sachs has advised clients to stop shorting gold after the dramatic fall in the price of the precious metal over the last few weeks.
Demand for gold coins and bars has fallen by a third, year on year, from a record high in 2011, according to the World Gold Council.
SEEKING SAFETY IN GOLD
BlackRock's Evy Hambro, manager of the £2.8bn Gold & General fund, said gold should be trading about 30% above its current record high, taking inflation into account.