Market Updates

Market Report: PMs confined to tight trading range

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Precious metal prices were broadly unchanged this week, confined to a tight trading range of $1210 to $1185 for gold and $16.60 to $16.00 for silver. There were several attempts by sellers to force prices to break down, but from the price action there appeared to be buyers waiting for the opportunity. The result was that yest ...

Dealing Desk: A week of selling

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It has been a week of net selling at GoldMoney with gold dancing around the US$ 1,200 mark all week, a price that is a psychological benchmark in the market. Customer activity Most of GoldMoney's selling has come out of its Swiss vaults followed by the UK. Volumes of orders were up this week for both buy and sell, but there wa ...

Market Report: Strong dollar nips PMs rally in the bud

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This week started well for gold and silver, but it turned out that the peak for both was on Easter Monday, since then, prices have drifted lower. The news event that initially drove prices higher was the US unemployment statistics for March announced last Friday, which came in 120,000 less than expected with downward revision ...

Dealing Desk: Gold has a roller-coaster week

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It went up and it went down, Gold rode the rollercoaster this week and at GoldMoney, customers were selling. Kelly-Ann Kearsey, Dealing Manager at GoldMoney said, 'It was all about the sell this week. We've seen most of the gold coming out of our Swiss and UK vaults, but unusually there was even some selling out of Singapore. D ...

Dealing Desk: Low volumes and activity but key figures out on Good Friday

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This week has seen net selling across precious metals – particularly of silver and gold, while platinum and palladium have been fairly neutral. A trend of note has been selling out of the Swiss vaults. Any buying has come from the Brink's Canada Vault. This has become more of a trend over the past two to three weeks so could ...

Market Report: Precious metals hold their own over Q1

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Gold priced in dollars hardly changed over the first quarter of 2015, but silver performed strongly, up 7%. In generally choppy markets across all asset classes silver was bettered only by the Nikkei 225 Index. This compares with the NASDAQ up 3%, the US long bond up 2.6%, and the Standard &Poors up 1%.The consensus opini ...