Private Investing Jumps on Gold and Silver Price Drop - BullionVault

AI desk brief

BullionVault clients added 0.1 tonnes of gold and almost 1 tonne of silver in October as dollar prices fell 6.3% and 17.5%, respectively. Gold holdings exceeded 44.1 tonnes, a 19-month high, while three-month net additions reached 0.6 tonnes, the strongest since June–August 2021. Buyer-versus-seller indexes rose to 56.3 for gold and 55.0 for silver, both four-month highs. This platform-specific accumulation could cushion prices, but first-time investors fell 3.8% month-on-month and stood 59.3% below the trailing annual average; author Adrian Ash therefore stops short of a bullish conclusion and identifies rising interest rates as a continuing headwind.