29 March 2010
Physical Gold and Silver demand cools as buyers adopt month end wait and see attitude.
Month end and 'Wait and see' posturing by buyers shows cool demand for precious metal
Physical buying cooled this weekend as BullionSupermarket reported a 19% drop in traffic and buyers again favoured cheaper silver over gold.
Demand for Gold and Silver usually wanes towards the end of the month, as small buyers find their disposable cash is squeezed waiting for the next paycheck. This can create opportunities for cash rich buyers at month end, particularly in more expensive gold and platinum.
Competitive premiums for Gold bars were in evidence Monday afternoon trading at 11.95% over fix. A glut of new auctions on Monday pushed the average silver ingot premium below spot offering buyers the chance to put in an early bid.