LONDON, 13 December 2016 – London's daily financial newspaper, City AM, today reports BullionVault's strong 2016 results, with the number of new UK users jumping 90% from 2015's growth.
"London fintech group BullionVault [also] saw annual trading volumes increase by more than a quarter," today's edition goes on, pointing to "market volatility and uncertainty surrounding the EU referendum in June and ahead of the US election in November.
With total trading volumes rising more than 28% to £689m (unaudited), "An average of 5,000 deals per week were completed on the platform," says City AM, helping pre-tax profits grow 43% in the year-ending 31 October to reach £5.6m.
"With the gold price easing back since Donald Trump's election, this year's jump in precious metals investing has grown again," says BullionVault CEO Robert Glynne.
Looking ahead to 2017, "Risk events such as the French and German elections look likely to shake financial markets still further," he adds.
"In our increasingly competitive market, private investors continue to choose BullionVault for simple, secure and low-cost access to physical gold and silver 24/7 online."
Since BullionVault's financial year ended on 31 October, last month already saw the strongest net demand for gold "since the global financial crisis peaked in November 2011," says City AM.
Read the full story online here:
UK investors flock to fintech firm BullionVault as gold prices soar
