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‘Grexit’ talk increasing pressure on ECB

Greek politicians’ failure to form a new coalition government over the weekend has increased chatter about the prospect of Greece ditching the euro. Senior politicians and central bankers are now openly discussing how a Greek exit – or “Grexit” in market jargon – could be managed. German Bund yields have ...

2012-MAY-14 · The GoldMoney News Desk

Dow floating on a sea of funny money

The Dow Jones Industrial average closed at 13279.32 yesterday – the highest close since December 31 2007. It’s an old Wall Street adage that “selling in May” is a good idea, as markets tend to underperform in the summer. But given the tidal wave of “hot” money flowing around the world at the moment, it ...

2012-MAY-02 · The GoldMoney News Desk

Palladium demand still robust

Despite poor economic data out of China and Europe recently, global palladium demand shows no sign of declining. On the contrary, demand from end users in the automobile industry continues at record highs. Russian palladium reserves are nearly exhausted, while South Africa – the world's second largest producer – has been ...

2012-APR-16 · Roman Baudzus

Chinese gold buyers here for the long haul

Another painful day for precious metal holders yesterday – with talk of slowing growth in China and Europe still hurting stocks and commodities. The gold price broke decisively below support at $1,650, though – as has proved a common pattern over the years – yesterday’s price drop in New York have been ...

2012-MAR-23 · The GoldMoney News Desk

Platinum price gaining ground relative to gold

In recent weeks the platinum price has been benefiting from growing Asian demand and continuous power supply problems at South African mines. Since September 2011 gold has become more expensive than platinum, although since early February this price gap has been closing in platinum's favour, down from $200 to $65. This period of gold ...

2012-FEB-13 · Roman Baudzus

Bullish indicators for palladium price

According to the latest estimates from the consulting firm PricewaterhouseCoopers (PwC), in 2012 automobile production will hit a new record high – the third year in a row such records have been attained. This year international automobile producers will use roughly 6.22 million ounces of palladium – twice as much as their ...

2012-JAN-30 · Roman Baudzus

China – the next big crisis?

Stock markets have rallied this morning on news of a possible expansion of the “European Financial Stability Facility” (the eurozone bailout fund), and comments from US Treasury Secretary Timothy Geithner, who following meeting with French finance minister François Baroin expressed confidence in the eurozone’s future. ...

2011-DEC-07 · The GoldMoney News Desk

Platinum price has great upward potential

Since the spring, platinum and palladium prices have been under strong sales pressure, as the global economic outlook has been deteriorating. Investors fear that the economic slowdown will result in a drastic decrease in industrial demand for these metals. Consequently, the platinum price has plunged from its recent highs by more than 20% ...


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