Dealing Desk: Precious Metals Weighed Down on Fed Hawkish Statement

by Kelly-Ann Kearsey
Gold Money

This week, clients have preferred purchasing silver to gold and have been seen exchanging their gold for silver.

Many clients were seen seen buying precious metals on Tuesday and Wednesday after taking advantage of the price drop.

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

Kelly-Ann Kearsey, Dealing Manager at GoldMoney says that less market data has been released this week due to the upcoming Easter break; however, precious metals have endured an exciting week with gold seeing a price increase of 0.7% on Tuesday followed by dropping to its lowest levels in nearly four weeks as the US Dollar strengthed, despite possible safe haven support following the terror attacks in Brussels.

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