Dealing Desk: All Eyes on FOMC Speech for Market Decision

by Kelly-Ann Kearsey
Gold Money

This week, clients have been net buying gold and silver.

Week on week, the volume of orders seen have been higher than last week; this will most likely be due to the lower pricing of precious metals ahead of the FOMC statement, which has prompted Clients to buy at lower price than previously seen over the past few weeks.

Goldmoney Wealth’s clients have favoured the Singapore, Swiss, and London vaults this week with less preference being shown for the Hong Kong and Canada vaults.

Kelly-Ann Kearsey, Dealing Manager at Goldmoney Wealth said this week has seen gold reach a 2-week low of £1,317.46 alongside silver which reached a 7-week low of $18.77/oz.

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