Market Updates

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 ...

Market Report: Waiting for Godot

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Alternatively, watching paint dry. That's how it has felt this week with gold's volatility slowing to a crawl ahead of Thanksgiving yesterday and the Swiss gold referendum on Monday. However, Open Interest1 on Comex2 , has suddenly collapsed for both gold and silver, indicating something interesting is going on. At the sam ...

Dealing Desk: Goldmoney customers back in the buying mood – but not for gold

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GoldMoney customers have been back in the buying mood this week, but the yellow metal hasn't featured highly on their shopping list. Dealing Manager at the online bullion dealer, Kelly-Ann Kearsey said, 'Customer activity has certainly been more positive this week. We've not seen large orders, but there have been a lot of small ...