Dealing Desk: Precious Metals Recover from Lows

by Kelly-Ann Kearsey
Gold Money

Goldmoney Wealth clients have been net buying all precious metals this week; however, gold has remained the favourite and we continue to receive a high number of orders from clients as they speculate the market in light of the upcoming presidential election and FOMC rate hikes.

Clients have favoured the Canadian and Singapore vaults followed by vaults in Switzerland and the U.K., and have shown less preference for the Hong Kong vaults.

“Gold and silver have recovered some losses, with gold trading above a $1,270.00 per ounce spot price and silver trading above $17.60 per ounce,” said Kelly-Ann Kearsey, dealing manager at Goldmoney Wealth.

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