Market Updates

Market Report: Consolidating gains

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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, ...

Dealing Desk: Silver slumps and gold glistens

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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 ...

Dealing Desk: Gold’s star rises, eclipsing platinum’s shine

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It was a well anticipated rise for the gold price following confirmation from the European Central Bank that it is to start quantative easing, and the increase in interest has been reflected at GoldMoney. Double volumeDealing Manager at GoldMoney, Kelly-Ann Kearsey said, 'Volumes more than doubled this week, compared to last, r ...

Market Report: Flights to Quality

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It is pleasing to see precious metals in favour as 2015 gets underway in earnest. Whilst 'quality' might be a subjective term, it seems to have been applied, in my opinion quite rightly, to gold, silver, platinum and palladium by investors looking to protect themselves from a start-of-the-year volatility storm in other asset cl ...

Dealing Desk: Gold’s safe haven status brings back its shine

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It's been a busy week for GoldMoney customers, but despite today's Swiss National Bank (SNB) announcement, they're still preferring silver to the yellow metal. Over the past week, Roland Khounlivong said in terms of value the online precious metals' trader has seen an outflow of gold from Switzerland and the UK with the Brinks ...

Market Report: A steady start for 2015

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Note: GoldMoney is offering a discount of 10% on commission for any purchases of gold in the UK vault until 15 January. See http://www.goldmoney.com/xmas-exclusive Gold and silver started the year at a muted point, with gold at $1168 and silver at $15.50, from which modest rallies have developed, with gold up 4% and silver 6%. ...