Iran was a major driver of the growth in coin demand last year. The market trebled from just under 20t in 2017 to just over 60t in 2018. https://t.co/308Ytz6Jxu
Goldhub blog: Posts from January 2019
In Q4 2018, as global stock markets experienced their worst quarter since 2009, cryptocurrencies had a prime opportunity to demonstrate qualities associated with safe havens like gold. However, cryptocurrencies, such as bitcoin, behaved like risky assets and fell while gold rallied.
Against the backdrop of turbulent markets, geopolitical risk and Fed rates hikes, gold closed 2018 on a strong note, outperforming most global asset classes. World Gold Council’s Joe Cavatoni and John Reade discuss 2018 trends and explore key dynamics likely to influence gold performance in 2019.