UK investors flock to FinTech firm BullionVault as gold prices soar

London fintech group BullionVault attracted a 90% increase in UK gold investors this year and saw annual trading volumes increase by more than a quarter. Market volatility and uncertainty surrounding the EU referendum in June and ahead of the US election in November led gold and silver prices to soar, contributing to a trading volume increase of more than 28% to £689m, BullionVault said in unaudited results. An average of 5,000 deals per week were completed on the platform. Pre-tax profits at BullionVault, which is a platform for physical gold and silver trading that launched in 2005, grew 43% in the year ending 31 October, reaching £5.6m in turnover up 12% to £420m. Read more: cityam.com