The Phaserl


Gold Demand Explodes as Volatility and Fear Stalk Market

from Gold Core:

Although the extent to which the surprise move by the Swiss National Bank last week has damaged financial institutions will not be apparent until the end of the month, it is already clear that enormous damage has been wreaked on many businesses exposed to the foreign exchange markets.

GoldCore has seen significant increase in gold demand from investors in the first weeks of January 2015 as compared to the same period in 2014. Gold bullion volume amongst buyers was 3 (365%) times level last year, with particular emphasis being placed on safe secure storage vaults in Zurich and Hong Kong and Singapore.

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