Dealing Report: Gold Remains in Range as US Dollar Weakens

by Kelly-Ann Kearsey
Gold Money

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

Week on week, the volume of orders seen have been lower than last week; however, this could be due to the gold and silver price being stuck in a range. Alternatively, it could have been due to speculation of the US Federal Reserve minutes release, with the market waiting to see whether the prices would be prompted to move.

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

Kelly-Ann Kearsey, Dealing Manager at Goldmoney Wealth said that on Friday we saw the gold price jump 1.3% due to flat US retail sales figures released from the US, which also caused a further retreat in the US dollar.

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