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 ...

Market Report: The ghost of bail-ins past returns the financial stage

Read Full Article
Gold and silver had a good week after the US holiday last Friday. From a low of $1312 on Tuesday, gold rose to a high point of $1345 yesterday, and silver from $20.84 to $21.60. Open interest is climbing too for both metals, as shown in the following charts.     This is healthy and indicates that the uptrend has ...

Dealing Desk: Safe haven and industrial demand boost precious metal purchases

Read Full Article
After last week's record week of trading, turnover returned to more normal levels among GoldMoney's more than 22,000 customers worldwide. However, Head of Dealing and Settlements at the British based online precious metals trader, Roland Khounlivong said it was still a busy week for buyers of gold, platinum and palladium: 'We ha ...

Market Report: Underlying strength

Read Full Article
Gold and silver spent most of the week consolidating recent gains by moving broadly sideways, but their underlying strength was a notable feature. The first chart is of gold and its open interest on Comex.   The increase in open interest tells us that the rise in price was on the back of buying rather than a bear squeeze, ...

Dealing Desk: Busiest trading week of year for GoldMoney Customers

Read Full Article
While the gold and silver markets generally had a more neutral week after recent gains GoldMoney customers have been buying across the board in the busiest week's trading of the year. Head of Dealing and Settlements at British based GoldMoney, Roland Khounlivong said: 'We saw net buy orders for all four metals which is the firs ...