The amount of physical gold purchased by private investors fell sharply in May after a sudden jump the month before, according to the latest Gold Investor Index from BullionVault.
This article first appeared on Your Money. The index, which measures the balance of buyers and sellers on the firm's online gold exchange, fell to 52.8 last month, in sharp contrast to April's jump from 53.3 to 58.6. Gold priced in sterling fell 2.8% in May to a 25-month low. A rise in the number of sellers on BullionVault.com put the Gold Investor Index at its lowest level since September 2012, down by 9.6% from April's 16-month high - sparked by the sharpest fall in gold prices in 30 years. Adrian Ash, head of research at BullionVault, said: "After April's surge in the Gold In...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
