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18 March 2010

UK Interest in Physical Gold & Silver eases. US remains busy.

Frantic activity on eases in UK

Recent heavy UK traffic at eased on Thursday. As UK BullionSupermarket physical Gold & Silver buyers took a breather, perhaps caused by unexpected good economic news on UK government borrowing, dampening investor demand for a hedge against the battered Pound.

However US traffic at continued its strong performance on Thursday as US traffic oustripped UK traffic by a ratio of 4 to 1.

On the premiums side wide spreads in the market were emerging as Gold Krugerrands for sale in UK auctions were completing at around 5.7% premium with some fixed price items listed at over 30%.

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