Market Updates

Dealing Desk: Rise in interest for gold deliveries

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As the global stock markets plummeted in reaction to China's economic woes, online bullion dealer, GoldMoney, has reported a rise in interest from its customers for gold bars to be delivered to their homes. GoldMoney Dealing Manager, Kelly-Ann Kearsey said, "While the gold price did hit a seven week high, it hasn't reacted to t ...

Market Report: Risk on

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This week market relationships underwent a sea-change, with a sudden realisation that the global economy is in a deepening crisis. Equity valuations in the developed nations are falling sharply and corporate bond spreads are widening, triggering a flight to the relative safety of government bonds. Gold and silver prices have ...

Dealing Desk: Golden week for precious metals

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Precious metals have had a positive week and GoldMoney Dealing Manager, Kelly-Ann Kearsey said there's been buying across the board. "We have seen an increase in both value and volume trading which is particularly unusual for this time of year. Even more positive is the fact we have also noticed customers funding their holdings ...

Market Report: China Acts Following SDR Rejection

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Precious metals staged a good rally this week on bear-closing, triggered by uncertainty behind China's series of mini-devaluations. Gold recovered by 4% before dropping $10 of consolidation yesterday (Thursday). And as can be seen in the chart above, silver has recovered its losses of the year. Gold has rallied to its 50-day ...

Dealing Desk: Chinese currency fears fuel the world’s oldest currency

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The inevitable economic fears following China's decision to devalue its currency have sent some investors gold hunting this week, although interestingly, Dealing Manager Kelly-Ann Kearsey said more of their customers have been jumping on silver's ascendency. 'Silver was definitely the favourite metal of the week in terms of the ...

Market Report: The war between physical and paper hots up

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Gold and silver traded in a tight range this week on low futures volumes. Last Friday the gold price rallied from $1,080 to $1,101, last night it closed at $1,089. Silver also traded in a narrow range though both are slightly firmer in early European trade this morning.The market background is extraordinary. Last week gold's ...