Market Updates

Market Report: Commodity rout

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Industrial commodities, including energy and base metals, were aggressively sold this week as more evidence came in that the global economy is stalling, with world trade having now declined for five months. Gold was attacked and broke the $1,100 level last weekend to slide to new lows, down 7.9% on the year and silver is now ...

Dealing Desk: Precious metals slide as the bears prowl the markets

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Monday saw a drop in the gold price, partly triggered by Asian markets and rumours that some big funds might be dumping gold into the market. Not surprisingly there was some panic selling as a result, but as Dealing Manager, Kelly-Ann Kearsey, explains, there were still many buyers prepared to put some money into the yellow met ...

Market Report: Extremes become more extreme

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Gold and silver continued to drift lower over the course of the week, with gold trading at $1,145 and silver at $15.02 in early European trade this morning. This is close to the lowest prices we have seen since 2010. At the same time equities have rallied strongly and the S&P 500 Index is within a whisker of its all-time ...

Dealing Desk: A see-saw week for gold and the USD

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There has been a clear divergence in the fortunes of the Dollar and the Euro this week which has weighed heavy on the gold price and the yellow metal's safe haven status. Head of Dealing and Settlements Roland Khounlivong, said, 'Today's announcement that the Greek parliament has agreed the new austerity measures and therefore ...

Market Report: Two Horsemen of the Apocalypse

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If we can reassign meanings given to the biblical Four Horsemen of the Apocalypse from the original, we can then say financial markets saw two of them this week. The first brought us the Greek Crisis which went from very bad to impossible to resolve, and the second was a collapsing stock market in China. Between them these tw ...

Dealing Desk: Gold returns to the spotlight amid Asian stock slump

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The Greek/Euro union may have been teetering on the brink this week, but the precious metals markets remained somewhat ambivalent to the situation - until Asia's woes hit the headlines. Head of Dealing and Settlements at GoldMoney, the online precious metals dealer, Roland Khounlivong, said gold has been surprising analysts, 'T ...