Market Report: Like watching paint dry…

Read Full Article
That was how it felt watching all markets this week until yesterday when they sprang into life. Gold fell from $1304 at the London opening last Monday to a low point of $1281 yesterday, down 1.8% on the week, while silver fell from $20.60 to $20.35, down only 1.2%. These moves were relatively small compared with action elsewhere ...

Dealing Desk: Sunshine makes for a quiet market amid UK selling

Read Full Article
It has been a quiet week among GoldMoney's 22,000 worldwide customers, with the summer holiday season kicking in. There has been a low level of profit taking across all metals, and Dealing Manager at the online precious metals trader, Kelly-Ann Kearsey said it has been the UK vaults which have seen the most outflow, 'Although o ...

Market Report: Corrective Action

Read Full Article
Precious metals drifted lower over the week in quiet trading. The bears took comfort in the lack of a positive price reaction to political news from the Ukraine and Gaza, and from economic surveys released in the US which disappointed analysts looking for signs of economic growth. Even the IMF downgraded its forecasts for the US ...

Dealing Desk: Shine comes off gold price but GoldMoney customers still buy

Read Full Article
The gold market has had a relatively quiet week, nevertheless, GoldMoney has seen some significant purchases from its customers. Dealing Manager at the online precious metals trader, Kelly-Ann Kearsey said the yellow metal has definitely been the most popular: 'Over the past week, we've seen an increase in buyers with our most ...

Market Report: Sharp consolidation

Read Full Article
Before yesterday's (Thursday) rise in bullion prices, precious metals were in corrective mode this week after recent rises. There were two big stand-out sales of gold contracts on Monday, estimated to be about 5,000 contracts at the European opening, and 15,000 on the US opening. The combination of the two sales drove gold down ...

Dealing Desk: Gold price rises as investors react to Malaysian plane news

Read Full Article
Gold prices have risen following news of the potential shooting down of a Malaysian airlines plane in the Ukraine near the Russian border. Head of Dealing and Settlements, Roland Khounlivong said, 'Up to then, with gold prices at a three week low we'd seen bargain hunting from our customers, with some big purchases from High Ne ...