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Gold prices rise but GoldMoney customers still in a selling mood

It was a slightly better week for gold on the precious metals markets, but online physical bullion trader, GoldMoney, still reported selling among its customers.
Dealing Manager, Kelly-Ann Kearsey said, ‘We’ve seen net selling for the yellow metal and net buying for silver this week, as well as interest in palladium. It appears the industrial metals are currently more in favour.

‘Whilst trading volumes are up from last week, it’s still in favour of sellers which is at odds with this time last year, and a little quieter than usual.
‘The selling has been out of our vault in Switzerland, with metals going in to Singapore, Hong Kong and to a small extent, Canada.

Source GoldMoney

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