LONDON, 4 May 2017 – Users of BullionVault sold gold overall in April, taking profit as the price spiked on last month's spike in geopolitical risks, reports UK personal finance site YourMoney today.
The number of BullionVault users "reducing or selling all their gold holdings on its online platform jumped by almost 22%" from the month before, says YourMoney, while the number of people starting or adding to their personal gold holdings "dropped by one-fifth" from March, "falling to the lowest level since January 2016."
The resulting "drop in demand" on the world's largest physical bullion platform online came as prices rose sharply says YourMoney, "thanks largely to a spike in geopolitical risk, with April's US-Russia stand off in Syria, plus the first round of the French presidential elections."
Read YourMoney's article here:
Gold investors head for the exit, despite recent price hikes
