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25 June 2010

Gold buyers hang back as Gold Price lurks below record

Golds prevarications near record price discourages Gold buying

Gold flirted with its previous record on Friday in London, but failed to make a decisive break to new ground. Golds prevarications near its record price appeared to discourage physical Gold buying, as recorded strong price comparison traffic, but the momentum to click through to merchants and purchase was not there.

Generally thin trade appeared to depress premiums with fixed price 1 Troy Ounce Gold Bars hanging around from 10% at an average of 16% premium over the afternoon Gold Fix of $1,254.00

Meanwhile 1 Troy Ounce Silver Bars are to go on sale in July in the United Kingdom. Based on enquiries since the launch of the design, demand for the Silver is expected to outstrip supply.

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