Market Updates

Market Report: Is gold turning the corner?

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After a very strong rise last Friday precious metals drifted lower-to-sideways for most of the week, but behind this unexceptional behaviour there are some tectonic shifts under way. The chart below is of the gold price and open interest on Comex. When the price rose on Friday open interest increased by 16,366 contracts, an ...

Dealing Desk: Market stabilises after sales

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Online bullion dealer GoldMoney saw markets stabilize last week after the sales of the previous seven days. GoldMoney's Head of Dealing and Settlements, Roland Khounlivong said, 'We had a much more stable week, the market has held steady. Total activity had decreased by 50% from the peak that we hit with sell orders.For the fir ...

Market Report: PMs hit by strong dollar

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The dollar continued its upward path against the major currencies this week, and gold and silver prices suffered accordingly. The bears have maintained the upper hand, as shown in the following charts of Comex prices and Open Interest. In both cases Open Interest has been rising, indicating a substantial and growing short ...

Dealing Desk: Existing investors sell as newcomers see opportunity

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As precious metals prices fell across the board this week, online bullion dealer, GoldMoney saw its customers also selling across all metals. GoldMoney's Dealing Manager, Kelly-Ann Kearsey said, 'Gold was by far the most likely to be sold this week, followed by silver and although the sell-off has been mostly out of the western ...

Market Report: FOMC hits gold and silver

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Trading in precious metals was quiet until Wednesday morning, when prices began to soften. When the FOMC meeting released its policy statement at 2.00pm EST, gold and silver responded by falling heavily, with gold breaching the $1200 level yesterday (Thursday) and silver crashing through $17 to a low of $16.33. This morning (Fr ...

Dealing Desk: GoldMoney customers buy silver as the bears prowl the market

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Obviously the big news of the week for the bullion markets came from the Federal Reserve which ended its quantitative easing bond buying and was surprisingly upbeat about the economy. It wasn’t just gold which suffered, silver also dropped heavily, but GoldMoney’s Dealing Manager, Kelly-Ann Kearsey said the online bullion d ...