Market Report: Summer doldrums coming to an end

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The pattern of trading in precious metals changed for the better this week. After London's bank holiday on Monday, for the first time in a long time the market opened in London's pre-market with higher prices. This indicated Asian or Middle-Eastern physical demand was returning to the market. Predictably, prices drifted lower du ...

Dealing Desk: Palladium prices rise, but silver shines for GoldMoney customers

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Overall it has been palladium's week with prices rising to their highest level since February 2001. However for customers of GoldMoney, the online precious metals trader, it was silver that shone. GoldMoney Dealing Manager, Kelly-Ann Kearsey, said: 'Whilst our trading volumes have been slightly lower than last week, we've seen ...

Market Report: Summer drift continues

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Gold drifted lower this week, with the price undermined by lack of interest on low volume and a slightly more hawkish tone in the FOMC minutes released on Wednesday. The chart below, of gold and open interest on Comex, shows how the price has declined while open interest has hardly budged from its historically low level. The ...

Dealing Desk: GoldMoney customers take advantage of the sell-off and buy

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This week saw profit taking and a sell-off across the precious metals' market, but for the customers of online trader, GoldMoney, it was seen as a chance to buy. Head of Dealing and Settlements, Roland Khounlivong said, 'With the dollar still strengthening and the economic figures coming out of the USA all backing up the upbeat ...

Market Report: New silver fix procedure from today

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I shall come to this important event later in this market report; but first, our customary look at this week's trading. From Monday through Wednesday the gold price found firm support at the $1305 level before gaining a few bucks to $1313 by close of play last night. However, the underlying position is more positive than this l ...

Dealing Desk: Palladium’s the winner in another week of geo-political tension

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Although it's been relatively quiet due to the holiday season, palladium has been the winner this week, while for GoldMoney customers, silver has also outshone its glittering yellow cousin. Dealing Manager at the online precious metals trader, Kelly-Ann Kearsey, said: "Activity has been as you'd expect for this time of year, al ...