Market Updates

Market Report: Dollar strength

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Markets this week have been all about renewed dollar strength, with precious metals side-lined. The only notable move was when gold lost $20 and silver 40c on Tuesday, following holidays in the US and UK on Monday. The reason for the sudden fall was the dollar strengthened against the euro, which faces a possible Greek exit, ...

Dealing Desk: GoldMoney customers find reasons to buy

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GoldMoney customers have been bucking the general market trend and buying up the yellow metal this week. Kelly-Ann Kearsey, Dealing Manager at the online precious metals dealer, says the trend came from a combination of reasons, both in-house and external, 'On Friday it was announced that BitGold Inc. is to acquire GoldMoney. T ...

Market Report: Precious metal rally consolidates

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Gold and silver rallied strongly last Friday and into Monday's overnight trading (UK time) before spending the rest of the week drifting lower from initial highs to consolidate above notional support at $1200 and $17 respectively. As of first thing this morning, UK time in US dollars gold is now up 2.2% and silver 10.2% on the ...

Dealing Desk: Gold emerges as the anchor in uncertain waters

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It has been a good week for gold on the worldwide markets, although GoldMoney customers have been indulging in a spot of speculation and profit taking. Kelly-Ann Kearsey, Dealing Manager at online precious metals dealer, GoldMoney says it has been an interesting week for customer behaviour, 'The Federal Open Market Committee (F ...

Market Report: Dollar weakens

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The US dollar continued to lose ground this week, contributing to a firmer trend for precious metals. Gold rose over $40 to $1223, and silver by $1.13 to $17.45, though prices initially opened a little lower in early European trading this morning, perhaps anticipating some pre-weekend profit-taking. Gold has now risen over 3% ...

Dealing Desk: The safehaven shimmer returns to gold

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It has been a very interesting week for gold's fortunes with mixed news coming from the USA, and even mainstream analysts beginning to get nervous about where the world's economy is heading. Head of Dealing and Settlements, Roland Khounlivong, said, 'It has resulted in a return to gold's safe haven appeal with bargain hunters h ...