LONDON, 7 November 2017 – Top global news-wire and data providers Bloomberg today feature BullionVault's latest trading update amid the continued boom in digital asset Bitcoin.
"Bitcoin's surge is attracting investor interest toward the cryptocurrency and away from the metal," Bloomberg says, reporting analysis from what it calls "the biggest online vaulting service."
While trading volumes on BullionVault fell by one-third last month, "the US stock market [has been] setting fresh all-time highs day after day," the newswire quotes Adrian Ash, director of research BullionVault in London.
"[So] it's no surprise gold prices have retreated. Some investors are also being distracted by the noise around Bitcoin and other cryptocurrencies.
"Altogether, that's made interest from new gold investors the weakest since the metal's half-decade price lows of end-2015."
However, Bloomberg notes how the Gold Investor Index – BullionVault's proprietary measure of private-investor sentiment towards the metal – "edged slightly higher" in October.
All told, "BullionVault users own about $1.5 billion of gold, $373 million of silver and $9 million of platinum," the news-report says.
You can read the full story – syndicated across the web to top sites including India's LiveMint, Canada's Globe & Mail, and Yahoo Finance – at Bloomberg here:
