Dealing Desk: FOMC Dovish Decision Boosts Precious Metals

by Kelly-Ann Kearsey
Gold Money

This week, clients have been buying larger volumes of all precious metals, possibly speculating ahead of the FOMC meeting on Thursday and taking advantage of the lower prices seen through the week. Silver has been the favourite metal of the week, receiving the highest proportion of buy orders.

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

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 the Federal Reserve meeting on Wednesday has been the main focus of the market this week.

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