Market Updates

Market Report: FOMC minutes turned the tide

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Following the release of the Federal Open Market Committee (FOMC) minutes last week, gold and silver have come alive, the gold price rising from a low of $1147 on 18th March to $1200 this morning and silver from $15.46 to $17.00, 4% and 10% increases respectively. The Commodity Futures trading Commission's (CFTC) Commitment o ...

Dealing Desk: Precious metal prices up – GoldMoney customers cash in

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Gold prices reached a three and a half week peak this morning, rising above the critical $1200 resistance level, but while more GoldMoney customers have been buying along with the rest of the market, there have also been some big value sales resulting in net value selling. The chart below shows net sell orders this week, compar ...

Market Report: FOMC is boxed in

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The Federal Open Market Committee (FOMC) statement released on Wednesday was notable for deferring interest rate rises to some unspecified time in the future. This was realistic, given the continuing strength of the dollar, downward revisions to the inflation outlook, and economic weakness in virtually all industry surveys. T ...

Dealing Desk: Gold back in favour, but silver out-shines

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After a hesitant week ahead of the Federal Reserve Open Market Committee minutes being released, gold saw a flurry of interest today. Gold in FavourGold prices edged lower Tuesday ahead of Janet Yellen's much anticipated comments, says Kelly-Ann Kearsey, Dealing Manager at GoldMoney. 'Our customers were definitely sitting on th ...

Market Report: Currency chaos

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This week has been all about currencies, with a weak euro grabbing the headlines. At one point yesterday morning, the euro was 3% down from last Friday's close, hitting a 12-year low against the US dollar. The yen was also weak, challenging its multi-year low point established last December. However, there are signs that gold a ...

Dealing Desk: Buying orders increase after price drops below $1,200 mark

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GoldMoney has seen net buying of gold since the price dropped below the psychologically-significant $1,200 mark in the last seven days. Investors have also shown more interest in platinum and palladium in the last week, but there has been less interest in silver. GoldMoney has also seen significant activity in vaults in Canada ...