by Kelly-Ann Kearsey
This week, clients have been net buying their metal positions; this was seen more so with the increased silver prices.
Clients have been speculating the market conditions and chasing the silver price as it increased. We have also seen an increase in the value of orders this week as clients take the opportunity to purchase gold at a lower rate.
GoldMoney’s clients have continued to favour the Singapore vault along with more interest being shown toward the Switzerland and Hong Kong vault and less preference being shown toward the London and Canadian vaults.
Kelly-Ann Kearsey, Dealing Manager at GoldMoney said, precious metals have continued in strength this week with spot gold reaching USD 1,285/oz.