by Kelly-Ann Kearsey
Goldmoney Wealth clients have been net selling all precious metals aside from platinum, which appears to be the favourite this week.
The improvement in precious metal prices has increased selling, possibly to retain profits; however, we continue to receive a high number of orders from clients.
Clients have favoured the Switzerland and London vaults followed by vaults in Singapore, and have shown less preference for the Hong Kong vaults.
“Gold has seen a high of $1,275.00 per ounce mirrored by silver, which has also seen a high of $17.84 per ounce,” said Kelly-Ann Kearsey, dealing manager at Goldmoney Wealth. “Week-on-week precious metals have been trading in a narrow range, possibly due to the continued prospect of higher interest rates in the U.S. and a stronger US dollar.”