A heavy week of selling
GoldMoney weekly market report and customer metricsCustomer activity It has been a heavy week for selling at GoldMoney, particularly out of the Loomis Swiss and UK vaults. Gold was struck the hardest, and silver followed suit, which can be attributed to speculation that an imminent US interest rate rise could pull down the price of precious metals. Market events On Wednesday, the European Central Bank president Mario Draghi announced that the Bank was ruling out a deposit rate cut, which indicated faith in the strength of the European economy. The US Dollar lost ground against the