Market Updates

Market Report: Drifting lower on futures trade

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Gold and silver spent this week consolidating their recent price recoveries, with silver tending to hold its ground better than gold. The underlying bullion position however remains very tight. The Financial Times reported that the cost of borrowing physical gold has risen sharply in recent weeks, reflecting refining demand f ...

Dealing Desk: Silver back in the spotlight

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It has been silver’s turn to shine this week, as it was a clear buying favourite amongst GoldMoney’s customers. Dealing Manager at the online precious metals trader, Kelly-Ann Kearsey said, “Gold rallied to a one week high on Tuesday before slipping back again, but it’s treading water right now. Silver has been far more ...

Market Report: Silver Sold, Then Squeezed

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While gold consolidated its recent gains, silver was sold down this week along with other metals and energy. The whole commodity complex suffered badly in the stock-market fall-out, before a sharp bear-squeeze across commodity markets pushed silver, copper and oil sharply higher yesterday (Thursday). Silver is now down 6.8% o ...

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 ...