Market Updates

Market Report: Precious metals subdued

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Gold and silver had a poor week, with no relief from drifting prices after the end of the second quarter. The gold price opened on Monday morning in the Far East at $1,187 and fell to a low point at $1,158 yesterday. Silver mirrored gold's move falling from $16.05 to $15.50. Both metals rallied yesterday afternoon with gold d ...

Dealing Desk: Precious little attention on gold as platinum and silver shine

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The Greek Gods might be stomping their feet on Mount Olympus, but it appears the precious metals markets are not interested as the greenback retains control. Dealing Manager at online precious metals dealer, GoldMoney, Kelly-Ann Kearsey said, 'There hasn't been the safe-haven buying you'd expect at a time like this when Greece ...

Market Report: Greece and short positions

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Hedge funds and high-frequency traders have finally forced gold into a US dollar loss this year as shown in our introductory chart, but silver is still in positive territory. This week gold declined $29 with a break from the $1200 level to $1171, and silver fell 40 cents to $15.70 early this morning in European trade.As I wro ...

Dealing Desk: Bargain hunting and some Sterling good buys

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It's been a week where precious metals' prices have been dominated by the conflicting pressures of a stronger US economy and dollar versus a potential Greek exit from the Eurozone. Dealing Manager Kelly-Ann Kearsey said, 'After gold's rise above the psychological $1200 level last week, prices took a hit when US GDP figures show ...

Market Report: All eyes on the half-year

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Window-dressing or the management of prices for a favourable mark-to-market valuation at year-ends, half-years and quarters has long been a distorting feature in financial markets. And, with bank capital adequacy ratios at stake, not to mention traders' bonuses, it has been an increasing feature. With the onset of June 30th i ...

Dealing Desk: Buyers speculate and hedge their bets

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A busy week on the economic news front has led to a busy week in the precious metals markets. Kelly-Ann Kearsey, Dealing Manager said: 'We've had more buyers than sellers contacting us this week, with gold more popular than silver and there's also been some interest in platinum. 'We saw some speculation ahead of the Federal Op ...