Market Updates

Market Report: Relative calm for PMs in wild markets

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This week has been extremely volatile for oil, currencies and stock markets. Against this background gold and silver have drifted sideways to slightly lower, which given the dollar's strong performance is almost a positive result. Along with a collapsing oil price on Monday and Tuesday, the Russian ruble fell from 58 to the USD ...

Dealing Desk: Volatile week for gold while silver shows weak prices

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It's been a volatile week for the yellow metal in quiet trading as global data and economic news have caused prices to pull in various directions. Dealing Manager at GoldMoney, the online precious metals trader, Kelly-Ann Kearsey said, 'The week started with weaker than expected Chinese factory data pushing oil prices down furt ...

Market Report: Gold was the safe-haven this week

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This week, precious metals continued their recovery, with gold up $35 at $1220 and silver up about $1 at $17 this morning, thus building on the improved trend since gold bottomed nearly $90 lower at $1132 on 7 November. Gold seems to be finding support at the 50-day moving average (MA), which currently stands at $1198 and now r ...

Dealing Desk: Gold volatile but still in festive mode

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In a week that's seen more window dressing of GoldMoney client investment portfolios than serious directional decisions, gold has had a volatile few days thanks to a variety of factors. Head of Dealing and Settlements, Roland Khounlivong said, 'The better than expected economic figures out of the US were all good news for the d ...

Market report: Post referendum bounce

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It turns out the Swiss referendum last weekend which sought to force the Swiss National Bank to maintain 20% gold reserves was a red herring so far as precious metal markets are concerned. It was fairly obvious before the referendum that no sensible trader would had bought gold in the expectation it would go through, so there w ...

Dealing Desk: GoldMoney sees silver in demand

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Dealing Manager at the online bullion dealer, Kelly-Ann Kearsey said, 'The last seven days have seen net selling of gold and net buying of silver, continuing the trends that we saw last week. Overall, we have seen buying and selling equaling each other out, and the long-term trend of selling out of the UK and Switzerland vaults ...