LONDON, 9 June 2017 – Gold and silver trading on BullionVault leapt overnight as the UK's general election results came in, reports Bloomberg today.
With the ruling Conservatives seeing their majority slashed with the risk of a 'hung' parliament, "Bullion priced in sterling climbs to a seven-week high," says the global newswire.
"Traders were not as active as they were during the early hours of the Brexit referendum result," Bloomberg quotes Adrian Ash, director of research at BullionVault, but volumes were four times higher than normal overnight.
You can read the full story, widely syndicated to sites including The Washington Post and Taipei Times, at Bloomberg here:
Gold Rally Limited to U.K. as Impact of Political Turmoil Muted
Source:
Bloomberg
