Market Updates

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 ...

Market Report: Bond yields rise and Greece failing

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The prices of gold and silver initially rallied this week from the lows of $1170 and $15.93 respectively last Friday to challenge the $1200 level for gold and $16.70 for silver on Wednesday, before losing about half these gains yesterday. On the year gold, is now hardly changed while silver is up 5% and is one of the best per ...

Dealing Desk: Return of gold’s safe-haven lure?

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The appeal of gold as a safe-haven is beginning to resurge, after weeks in which the improving economic conditions in the US have dented prices. A complicated international picture looks likely to support gold prices, with uncertainty the only definite outcome of the UK General Election, continued questions about Greece's abili ...