LONDON, 16 January 2019 – Comment and data from BullionVault today features as a corrective to claims of surging gold demand among private investors from specialist finance title International Adviser.
Agreeing with another UK dealer that reports of a surge in demand are overblown, Adrian Ash, director of research at BullionVault says that "Selling continues to outweight demand, with profit-taking led by UK and Euro investors."
BullionVault "saw strong trading volumes of £1.9m on Tuesday," the magazine goes on, with gross demand up 57% from the 12-month daily average.
"But gross selling was up 124.7%, so overall we saw net disinvestment...worth some £379,000."
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Source:
International Adviser
