Dealing Desk: Brexit Boosts Precious Metals’ Safe Haven Appeal

by Kelly-Ann Kearsey
Gold Money

This week, we have seen an increase in client activity as the number of orders received increased after the Brexit referendum.

Clients have been seen net selling gold and silver in order to take advantage of the profits from the extraordinary price increase post-Brexit. On the other hand, some clients have been buying into gold possibly as a safe haven or speculating that the price may continue to increase.

Goldmoney’s clients have favoured the Singapore and Switzerland vaults this week with less preference being shown for the London vault.

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