BullionVault’s Gauge of Client Buying Drops for 3rd Month
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BullionVault, an online service for investors to buy and sell physical gold and silver, said its Gold Investor Index dropped for a third month in March.
The gauge slipped to 53.3 from 54.4 in February, the London-based company said today in an e-mailed report. A reading above 50 means more buyers than sellers. Gold rose 1.2 percent in March, after sliding the previous five months in the worst run since 1997. It traded at $1,600.20 an ounce by 8:07 a.m. in London and is down 4.5 percent this year.