Dealing Desk: Precious Metals Take a Downfall but US Data Shows Hope for Delayed Interest Rates

by Kelly-Ann Kearsey
Gold Money

This week, clients have been net buying gold and silver, taking advantage of the lower prices as the market eagerly awaited the results from the Bank of England this afternoon, together with US data, which would then give more direction to the timing of the US interest rates.

Goldmoney Wealth’s clients have favoured the Swiss and Singapore vaults followed by the London vault this week with less preference being shown for the Hong Kong and Canadian vaults.

Kelly-Ann Kearsey, Dealing Manager at Goldmoney Wealth said this week has seen a downfall in the precious metal prices as gold came close to the lowest level in nearly two weeks and silver fell below $19.00/oz. Gold dropped close to $1,310.00/oz.

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