The new gold rush: western investors offset soft eastern demand (FT)

https://www.ft.com/content/8a53dbaf-8210-4c60-8753-e3018fa1b1e1

The pandemic has convinced investors that gold belongs in their portfolios as a hedge against frothy equity markets, rock bottom interest rates and a fall in economic output. Some large investors want gold as protection against possible deflation caused by an economic slowdown or a converse rise in inflation