Dealing Desk: Brexit Discussions Control Precious Metals

by Kelly-Ann Kearsey
Gold Money

This week, clients have been net selling gold and silver whilst net buying platinum and palladium.

Clients have been speculating on the market conditions ahead of the Brexit referendum. There has been increase in client buying activity this afternoon especially as we draw closer to the releasing of the results.

Goldmoney’s clients have favoured the Singapore vaults this week with less preference being shown for the London vault.

Kelly-Ann Kearsey, Dealing Manager at Goldmoney said that gold hovered near its lowest in over a week on Wednesday as Asian stocks rose; this followed into Thursday, as gold touched a two-week low in advance of the much anticipated Brexit referendum. The final decision will be announced tomorrow as to whether the UK will stay or leave the European Union.

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