Dealing Desk: Weak GDP Figures and a Weak US Dollar

by Kelly-Ann Kearsey
Gold Money

This week, clients have been net buying gold, possibly as a safe haven but also as gold has been the best performing asset of the year so far. Many clients have been seen selling their silver positions, possibly to take advantage of the higher level of pricing seen earlier in the week.

Goldmoney Wealth clients have favoured the Singapore and Canadian vaults this week with less preference being shown for the Swiss vault.

Kelly-Ann Kearsey, Dealing Manager at Goldmoney said that, on Tuesday, the precious metals gained throughout the week. The gold price broke through the $1,360.00 level for the second time this year, a level that was previously seen in early 2014. Silver reached a high of $20.75/oz earlier in the week.

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