Precious Metal Sell-Off

The rising price of gold could not be sustained over the past week and so volatile prices including dramatic falls have taken place.

Contradicting forces of a need for safe haven investment and the need to sell-off to cover margins and generate liquidity (gold and silver were easy targets, whilst others stocks and shares were in free fall) saw gold prices fall from a Monday February 24th record high of £41.59/gram to below £40/g by late Friday afternoon and silver prices fall by over £1/oz (approx.. 9% of its value) in just 24 hours over Thursday/Friday.