Gold sees value rise amid commodity slump

Global Business

If there’s one group of investors smiling in 2016, it’s gold lovers. Despite some re-balancing recently, gold prices have been increasing over last few months.

CCTV America’s Shraysi Tandon reports from New York.

Gold sees value rise amid commodity slump

If there's one group of investors smiling in 2016, it's gold lovers. Despite some re-balancing recently, gold prices have been increasing over last few months.CCTV America's Shraysi Tandon reports from New York.It's the yellow metal that is back in vogue. Gold tends to shine brightest during times of economic stress. It's a precious metal that's often seen as a safe haven during deflationary times, and also rapid inflationary times. Some experts believe that the recent gains in gold are also related to the steady decline in oil prices. Chinese investors are also lured by the all shine. According to the World Gold Council, China was one of the largest consumers of gold last year. Consumer demand was up 3 percent in the fourth quarter compared to a year earlier, and demand for gold coins was also up 25 percent. Although gold prices have been rallying, they still remain below their 2011 record high of $1900 per ounce, but experts who're bullish on the metal say we could see new records set in the coming years. Whether it's falling oil prices, negative interest rates or a weakening dollar, it seems the market has enough worries these days to keep investors flocking to all that glitters, like gold.

It’s the yellow metal that is back in vogue. Gold tends to shine brightest during times of economic stress.

It’s a precious metal that’s often seen as a safe haven during deflationary times, and also rapid inflationary times.

Some experts believe that the recent gains in gold are also related to the steady decline in oil prices.

Chinese investors are also lured by the all shine. According to the World Gold Council, China was one of the largest consumers of gold last year. Consumer demand was up 3 percent in the fourth quarter compared to a year earlier, and demand for gold coins was also up 25 percent.

Although gold prices have been rallying, they still remain below their 2011 record high of $1900 per ounce, but experts who’re bullish on the metal say we could see new records set in the coming years.

Whether it’s falling oil prices, negative interest rates or a weakening dollar, it seems the market has enough worries these days to keep investors flocking to all that glitters, like gold.