The Head of Trading for British Bullion has said new clients from the UK had trebled in recent weeks amid uncertainty surround Brexit.
Nigel Doolin, Head of Trading at British Bullion said fears over the UK’s exit from the European Union and the impact of negative interest rates across the board were driving factors behind the growth.
He said there was increased demand for gold bullion and coin purchases at the trading desks of British Bullion and their sister-company – Scottish Bullion in Glasgow in recent weeks.
“Interestingly, following the referendum result favouring Britain to leave the EU, we are continuing to be inundated with calls from new clients across the UK who are looking to invest in gold,” he added.
Among fears to arise from the shock outcome of the EU referendum was a possible lowering in interest rates – already at a historic low of 0.5 per cent in the UK.