LONDON, 29 March 2016 – Private investors are using this New Year's jump in gold prices to take profits or cut losses, says a report in London's financial freesheet, CityAM.
Distributed to commuters across the City and Canary Wharf financial districts each weekday, CityAM says the price rise "has moderated since the dark days of February."
"Coin dealers in the UK and the States are advertising special discounts," says Adrian Ash, head of research at BullionVault's offices in West London
"That would suggest that, with higher prices holding, they're seeing an inflow of metal from existing customers seeking to sell."
What's driven prices higher, and created this opportunity for existing owners to sell, says Adrian, has been "managed money coming roaring back".
See the full report at CityAM here:
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