Market Updates

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 ...

Market report: Better tone for volatile gold

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Gold has had a volatile week, but rose from $1147 last Friday afternoon to a high of $1205 on Tuesday. On Wednesday the price moved between down $25 on the latest opinion poll on the Swiss referendum, then recovered to $23 before falling again on the release of the Fed's FOMC minutes. However, despite these unsettling swings go ...

Dealing Desk: Quiet trading as the gold price hangs in limbo

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It's been a quiet week for online bullion dealer, GoldMoney, despite warnings about a global economic slowdown. Gold is traditionally seen as a safe haven asset, but GoldMoney's Dealing Manager, Kelly-Ann Kearsey said despite some small price increases week on week, that sentiment is not providing much support to the metal at p ...

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 ...