Market Updates

Market Report: FOMC hits gold and silver

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Trading in precious metals was quiet until Wednesday morning, when prices began to soften. When the FOMC meeting released its policy statement at 2.00pm EST, gold and silver responded by falling heavily, with gold breaching the $1200 level yesterday (Thursday) and silver crashing through $17 to a low of $16.33. This morning (Fr ...

Dealing Desk: GoldMoney customers buy silver as the bears prowl the market

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Obviously the big news of the week for the bullion markets came from the Federal Reserve which ended its quantitative easing bond buying and was surprisingly upbeat about the economy. It wasn’t just gold which suffered, silver also dropped heavily, but GoldMoney’s Dealing Manager, Kelly-Ann Kearsey said the online bullion d ...

Market Report: Precious metals subdued as panic over

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For gold and silver it has been a week of two halves: first prices rallied to a peak on Tuesday, then declined to show net losses for the week on Wednesday for silver and Thursday for gold. Broadly these precious metals reflected first weakness then strength in the US dollar. And equities reversed the nervousness of the previou ...

Dealing Desk: GoldMoney sees steady volumes and Palladium price jump

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The week has seen a mixed picture with net selling of gold, net buying of silver and a 5% increase in palladium prices, but all eyes are on the US with key figures on GDP and a report from the Federal Open Market Committee due next week. Movements of gold and silver prices were exactly in line with last week, but the palladium ...

Market Report: Gold benefits from market uncertainty

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The outlook for gold is now more positive than it has been for some time. After a prolonged period of low volatility as funds invested in ever-greater risk, markets have snapped and volatility has jumped. In short, we are swinging very suddenly from complacency to reality. Financial markets hit a serious air-pocket this week, w ...

Dealing Desk: GoldMoney customers buck the market trend and sell bullion

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It's been a week of stockmarket woes and rising gold prices, but it's highlighted again the differing buying habits of many physical bullion investors compared to the rest of the market. GoldMoney's Dealing Manager, Kelly-Ann Kearsey said, 'Despite what's been happening in the general market we've seen trading volumes down on l ...