Clearing Turnover Most Recent Figures Clearing TurnoverStatistics: Daily Averages - JANUARY 2014
Overview In January the average price of both gold and silver rose by 1.6% and 1.5% respectively, reversing three consecutive monthly falls. Demand for both metals was subdued with the volume of ounces transferred of gold decreasing by 16.1% and silver ounces down by 13.9%.
Gold The price of gold increased by 1.6% in January to an average price of $1,244.8 an ounce. The volume of ounces traded fell 16.1%, to an average of 16.8 million ounces, its lowest level since September 2010. The value of gold traded fell nearly 15% to $20.9 billion, its lowest level since August 2010. The number of transfers also fell significantly by 20.5% to 3,770, whilst the volume of ounces per transfer increased by 5.5% to 4,445.
Silver The price of silver in January increased by 1.5% to an average price of $19.91 an ounce. The volume of ounces traded decreased significantly by 13.9% to 144.7 million ounces, with the value of ounces transferred down by nearly 15% to $2.88 billion. The number of transfers also fell by 11.5% to 733 to its lowest level since November 2012, with the clearers settling on average 197,402 ounces per transfer during January, down marginally on the previous month.
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