Dealing Desk: US Data Weighs on Precious Metals

by Kelly-Ann Kearsey
Gold Money

This week, clients have continued to net buy silver and platinum, whilst net selling gold and palladium.

Clients have been taking advantage of the lower pricing on precious metals, particularly silver and platinum. Silver is struggling to stay above the psychological level of $16.00/oz and platinum has retreated back below $1,000.00/oz.

GoldMoney’s clients have favoured the Singapore and Canada vaults this week with less preference being shown for the London and Swiss vaults.

Kelly-Ann Kearsey, Dealing Manager at GoldMoney said that U.S. data still continues to weigh on the precious metal prices.

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