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 seen taking advantage of the lower pricing on precious metals as silver still remains below $16.50/oz.
GoldMoney’s clients have favoured the Singapore and Swiss vaults this week, with less preference being shown for the London vault.
Kelly-Ann Kearsey, Dealing Manager at GoldMoney, said that this week has seen a continued pressure on the market, due to the release of the FOMC minutes for April. The odds of an early rate hike have now increased from 4% two weeks ago to 34% this week.