UK consumers snap up physical gold after price slides under 1,000 pounds/oz
By GCRU Gold News on Thursday, October 6 2016, 00:20 - Permalink
Physical gold demand in London jumped after this week's price drop, dealers said on Wednesday, as consumers were tempted back to the market by the metal's technically-driven slide through 1,000 pounds an ounce.
Online gold trading platform BullionVault.com saw its heaviest trading day on Tuesday since its all-time record on June 24, the day of the UK referendum result on European Union membership, head of research Adrian Ash said.
Other bullion dealers also reported higher sales following the fall, sparked by a bounce in the dollar that pushed the metal though key technical support at $1,300 an ounce.