Market Updates

This week the US dollar moved strongly upwards against the other major currencies, at the same time weakening gold and silver along with most industrial commodities, before some profit-taking set in yesterday. The effect on precious metals is a change from previous weeks when a flight into dollars also supported gold and silver ...

Gold demand might be at a five year low, according to the latest World Gold Council demands trend report, but this week the yellow metal returned to favour with GoldMoney's customers. Demand for GoldDealing Manager Kelly-Ann Kearsey said, 'Gold was the favourite among our customers with silver having lost its appeal. The slight ...

This week precious metals continued to consolidate January's gains in volatile financial markets, with both gold and silver range-bound. Platinum and palladium are up on the week, noticeably stronger than gold and silver. Physical and paper markets appear to have been behaving differently, with prices tending to be firm in Londo ...

It was a quieter week for GoldMoney customers, with the online precious metal trader seeing net selling of gold, and more interest in buying silver, in line with the trend in recent weeks. Dealing Manager Kelly-Ann Kearsey said, ‘There is uncertainty in the markets, which traditionally has bolstered gold as a safe haven inves ...

Gold and silver prices consolidated recent gains this week, both having become overbought short-term, and they now appear to be building a base before an attempt to convincingly attack higher ground, though yesterday's price reaction was quite sharp. The recent slightly overbought situation for gold is shown in the chart below, ...

It was a quieter week for GoldMoney customers ahead of the Federal Reserve Open Market Committee (FOMC) meeting on Wednesday, although activity increased slightly after with a marked change in direction with regard to silver. Silver loses its physical shineAfter several weeks of buying from the online precious metals dealer's c ...