Dealing Desk: Clients Supporting Gold
by Kelly-Ann Kearsey
Gold Money
This week has seen clients supporting gold and platinum whilst selling silver and palladium.
GoldMoney’s clients have been buying into the Singapore and Canadian vaults again. There has also been more buy orders into the Swiss vault this week.
Kelly-Ann Kearsey, Dealing Manager at GoldMoney, says that gold has climbed to a two-month high earlier in the week along with silver which resumed its position above USD14.00/oz. This is due to global uncertainty which appears to have triggered demand for the metal as a safe-haven. After falling on Tuesday due to a stronger US dollar, equity markets rose after data was released from China showing the weakest economic growth in years.
Gold has struggled through the week to push above USD1,100/oz due to the threat of further US interest rate increases, along with a stronger dollar.
Continue Reading at GoldMoney.com…
Source: http://financialsurvivalnetwork.com/2016/01/dealing-desk-clients-supporting-gold/?utm_source=rss&utm_medium=rss&utm_campaign=dealing-desk-clients-supporting-gold
