Market Updates

Market Report: Bear squeeze comes and goes

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This week started with a sharp bear squeeze, which took gold from $1178 to $1214, and silver from $15.70 to $16.71. These higher prices on Wednesday proved to be the peak for both metals, before they fell back sharply yesterday (Thursday) on better than expected US initial jobless claims. The Federal Open Market Committee's ( ...

Dealing Report: Surprise US improvement hits gold price

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Unexpected improvement in US economic fortunes have dented gold prices over the last seven days, with news of unemployment dropping by a surprising 34,000 leading buyers away from safe haven investments. The late shift followed a relatively steady week for gold prices – even despite the continuing uncertainty over Greece's de ...

Market Report: A week of further consolidation

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Precious metals continued their consolidation this week, with gold drifting off $10 to $1195 as of last night, and silver by $0.42 to $15.85. Intra-day trading ranges are relatively tight with buyers of physical metal on the dips and sellers of paper contracts capping rises. There is little doubt that the global economic outl ...

Dealing Desk: Gold pulled in two directions - strong dollar Vs safehaven

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Gold prices may have slipped to three week lows this week, but it hasn't been all gloom and doom with GoldMoney, reporting some interest in both gold and platinum. Kelly-Ann Kearsey, Dealing Manager at GoldMoney said, 'Our customers have definitely shown more interest in gold and platinum this week, with the selling focused on ...

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 ...