LONDON, 1 May 2015 – Professional investors' news service CityWire reports today that uncertainty around the UK General Election has seen gold demand reach a 20-month high at BullionVault, the "online market" for physical bullion.
"Led by UK customers," says Citywire, "April saw the strongest demand in gold from the platform's customers since August 2013 with a net addition of 410kgs of the precious metal."
Over 40% greater than the average monthly inflow, that took BullionVault clients' private gold holdings "to a record 33.6 tonnes, which is worth £830 million."
Citywire points to "uncertainty" and "risks to Sterling" from next week's UK Election, plus a "retreat in prices" for British investors, with prices now back to the same level as May 2010 – just before the current coalition of Conservative and LibDem politicians ousted New Labour.
Read the full Citywire report here:
