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Commodities

Gold Demand Surges Amid Economic Uncertainty

Guavy AI Editorial Team
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Gold
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The gold market is experiencing a surge in demand for physical bars and coins, prompting a scramble for vault space.

London-based bullion dealer Sharps Pixley has seen its vaults reach capacity, with CEO Omar Leiss seeking to build an additional depository to accommodate the influx of clients.

A recent survey by HSBC found that nearly half of high net-worth investors plan to increase their gold allocations in the next year, while only 13% said they had plans to decrease their gold holdings.

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