Dealing Desk: Clients Sell Ahead of ECB Meeting

by Kelly-Ann Kearsey
Gold Money

This week, clients have been selling larger values of all precious metals, possibly speculating ahead of the ECB meeting on Thursday and taking advantage of the higher prices seen through the week.

Conversely, we have seen a lot of buying by clients taking advantage of the price dips seen over the week.

GoldMoney’s clients have preferred the Singapore and Canadian vaults this week, with less favour being shown for the London and Swiss vaults.

Kelly-Ann Kearsey, Dealing Manager at GoldMoney, says prices have remained relatively stable this week with the exception of a slight price drop experienced on Wednesday due to rising oil prices, world stock markets, and expectations that the European Central Bank would be increasing its monetary easing.

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