From what I have read, government central banks are behind the large buying frenzy right now such as China, Kazakhstan, Turkey, etc. looking for alternatives to the US Dollar. here's an August article ==> https://www.kitco.com/news/article/...g-buyers-gold-again-august-world-gold-council and => https://www.scmp.com/economy/china-...eak-central-banks-seek-us-dollar-alternatives oops, no paywall here ==> https://finance.yahoo.com/news/trump-cant-stop-chinas-253-113052963.html