BullionVault’s Gauge of Client Buying Unchanged From 8-Month Low
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BullionVault, an online service for investors to buy and sell physical gold and silver, said its Gold Investor Index was unchanged in June from May’s eight-month low, as prices slumped 11 percent.
The gauge held at 53, the London-based company said today in an e-mailed report. It reached a 16-month high of 58.6 in April. A reading above 50 means more buyers than sellers. The company’s users still sold 3.7 percent of their holdings last quarter. The metal fell 25 percent this year to $1,264.50 an ounce by 8:32 a.m. in London.