Slowing investor demand looms over gold prices (Reuters)

European funds registered net outflows of about 11 tonnes in August -- their first since November last year, mostly from German funds.

Gold consumption in Asia, where jewellery, bar and coin buyers account for more than half of global demand, has plunged since the coronavirus struck.

“This is creating an awful lot of gold that has to be absorbed,” said HSBC analyst Jim Steel, predicting prices could move lower in the short term.

https://www.reuters.com/article/idUSL8N2GC4EG