Market Report: Better tone to precious metals

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Gold and silver prices gained modestly over the week, during which the latest FOMC minutes were released. These were generally read to be more dovish compared with the previous month. FOMC members appear from the minutes to be confused. The previous month's conclusion, that if it wasn't for the weather the economy is improving ...

Dealing Desk Update: FOMC meeting puts the brakes on gold profit taking

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The start of this week saw GoldMoney customers following on from last week's profit taking spree on gold, but Wednesday's Federal Open Market Committee (FOMC) gave them a reason for a U-turn. Head of Dealing at the online precious metals trader, Roland Khounlivong, said: 'We saw a 62% increase in gross traded volume compared to ...

Market Report: Quarter-end distortions in the gold market

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The gold price continued last week's fall into Monday, which was the end of the first quarter of 2014. Since then having reached a low point of $1278 in New York trading, gold rallied to a high of $1294 on Tuesday before weakening on Thursday morning. The biggest influence was not stories and announcements, but the market-maker ...

Dealing Desk Update: GoldMoney customers profit take as investor eyes turn elsewhere

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It may have been Platinum and Palladium's week in terms of performance, but individual precious metal investors such as GoldMoney customers haven't bought into the rise. Head of Dealing at the online trader, Roland Khounlivong, said: 'Individual investors such as our customers are more interested in the liquidity of gold and si ...

Market Report: Central banks add to gold reserves

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The correction in the gold price continued this week, falling another $40 to a low of $1290 yesterday. In all, gold has retraced nearly half this year's rise and silver has retraced most of its rise since end-January, with the gold/silver ratio increasing to over 65 times. However, this disappointing performance for precious met ...

Dealing Desk Update: Gold under pressure as profit taking increases

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Gold has had a rocky week. Dollar prospects improved and the yellow metal's safe haven status dropped with the escalation of war in Crimea fading in the short term. Roland Khounlivong, Head of Dealing at GoldMoney, the online precious metals trader, said: 'Some of our customers have been profit taking as they look to adjust the ...