Market Updates

Dealing Desk: GoldMoney sees steady volumes and Palladium price jump

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The week has seen a mixed picture with net selling of gold, net buying of silver and a 5% increase in palladium prices, but all eyes are on the US with key figures on GDP and a report from the Federal Open Market Committee due next week. Movements of gold and silver prices were exactly in line with last week, but the palladium ...

Market Report: Gold benefits from market uncertainty

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The outlook for gold is now more positive than it has been for some time. After a prolonged period of low volatility as funds invested in ever-greater risk, markets have snapped and volatility has jumped. In short, we are swinging very suddenly from complacency to reality. Financial markets hit a serious air-pocket this week, w ...

Dealing Desk: GoldMoney customers buck the market trend and sell bullion

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It's been a week of stockmarket woes and rising gold prices, but it's highlighted again the differing buying habits of many physical bullion investors compared to the rest of the market. GoldMoney's Dealing Manager, Kelly-Ann Kearsey said, 'Despite what's been happening in the general market we've seen trading volumes down on l ...

Market Report: Market turbulence

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This week has seen highly volatile equities (mostly down), bond yields sharply lower, the oil price hard down, and gold side-lined but recovering after a miserable month or two. On the news front, the S&P rating agency reminded us that Greece is likely to default, Germany released some horrible industrial production numbers ...

Dealing Desk: Gold prices rise but GoldMoney customers still in a selling mood

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It was a slightly better week for gold on the precious metals markets, but online physical bullion trader, GoldMoney, still reported selling among its customers. Dealing Manager, Kelly-Ann Kearsey said, 'We've seen net selling for the yellow metal and net buying for silver this week, as well as interest in palladium. It appears ...

Market Report: Failing economies and the quarter-end

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Precious metals have faced adverse weather as evidence mounts that major economies may be sliding into recession. Yesterday the ECB finally responded to the deteriorating situation in the Eurozone by announcing a discretionary form of QE to last up to two years if necessary. The only clues are the ECB will buy in covered bonds ...