Physical gold buying among private investors surged in April as they took advantage of bargain prices after bullion's historic sell-off, according to a survey by BullionVault.
BullionVault says it is an online physical gold and silver market for more than 47,000 self-directed individual investors.
The company said Tuesday its Gold Investor Index rose to 58.6 in April, its highest level in 16 months. In March, the gauge fell for a third-consecutive month to 53.3.
A number above 50 indicates more buyers than sellers. While net buying by the firm's mostly buy-and-hold type customers is seen as bullish, net selling might suggest individual retail investors are exiting the gold trade.