Market Updates

Market Report: PMs steady, but watch the euro

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The US dollar eased this week when Janet Yellen of the Fed gave her semi-annual report on monetary policy to Congress. It was no surprise that Ms Yellen hinted at caution over interest rates due to external events, such as the outlook for the Eurozone and uncertainty over China, but overall she was careful to be non-committal.F ...

Dealing Desk: Prices rise but bullion investors go tactical

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Gold prices have risen this week before setting back to exactly the same price as they were this time last week. At GoldMoney, customers have been selling in a week that has seen their trading volumes fall by 45% on last week. Gold SalesChinese buyers coming back into the market after their week long Lunar holiday helped boost ...

Market Report: Mid-week sell-off

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In last Friday's Market Update I commented that it is easy for bullion banks with deep pockets to move markets and change sentiment. This week's trading in precious metals was a text-book example, with all precious metals falling sharply during New York trading on Tuesday, setting up gold for a test of the $1200 level the follo ...

Dealing Desk: Indian market to open up

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Uncertainty across the global markets led to a quiet week for precious metal trading but the prospect of a reduction in gold import duty in the key Indian market has led to renewed expectations. The Reserve Bank of India has proposed reducing the levels of duty on gold imports in a key reform that would reverse the previous gov ...

Market Report: Strong US dollar sets market tone

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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 ...

Dealing Desk: Silver overshadowed as gold comes back into favour

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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 ...