Market Updates

Market Report: A week of further consolidation

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Precious metals continued their consolidation this week, with gold drifting off $10 to $1195 as of last night, and silver by $0.42 to $15.85. Intra-day trading ranges are relatively tight with buyers of physical metal on the dips and sellers of paper contracts capping rises. There is little doubt that the global economic outl ...

Dealing Desk: Gold pulled in two directions - strong dollar Vs safehaven

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Gold prices may have slipped to three week lows this week, but it hasn't been all gloom and doom with GoldMoney, reporting some interest in both gold and platinum. Kelly-Ann Kearsey, Dealing Manager at GoldMoney said, 'Our customers have definitely shown more interest in gold and platinum this week, with the selling focused on ...

Market Report: PMs confined to tight trading range

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Precious metal prices were broadly unchanged this week, confined to a tight trading range of $1210 to $1185 for gold and $16.60 to $16.00 for silver. There were several attempts by sellers to force prices to break down, but from the price action there appeared to be buyers waiting for the opportunity. The result was that yest ...

Dealing Desk: A week of selling

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It has been a week of net selling at GoldMoney with gold dancing around the US$ 1,200 mark all week, a price that is a psychological benchmark in the market. Customer activity Most of GoldMoney's selling has come out of its Swiss vaults followed by the UK. Volumes of orders were up this week for both buy and sell, but there wa ...

Market Report: Strong dollar nips PMs rally in the bud

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This week started well for gold and silver, but it turned out that the peak for both was on Easter Monday, since then, prices have drifted lower. The news event that initially drove prices higher was the US unemployment statistics for March announced last Friday, which came in 120,000 less than expected with downward revision ...

Dealing Desk: Gold has a roller-coaster week

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It went up and it went down, Gold rode the rollercoaster this week and at GoldMoney, customers were selling. Kelly-Ann Kearsey, Dealing Manager at GoldMoney said, 'It was all about the sell this week. We've seen most of the gold coming out of our Swiss and UK vaults, but unusually there was even some selling out of Singapore. D ...