Investor allocation to gold is at its highest level in 11 years, JPMorgan strategist says

Investor allocation to gold stands at its highest level in 11 years, according to an analysis by a JPMorgan strategist.

Strategists led by Nikolaos Panigirtzoglou say the implied allocation to gold by non-bank investors has been led by central bank purchases.

He derived that data by dividing the stock of gold via coins, bars or physical gold…