Market Updates

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 ...

Dealing Desk: Silver in the spotlight

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GoldMoney customers have had a busy few days with trading volumes up on the previous week. Kelly-Ann Kearsey, Dealing Manager, at the online bullion dealer GoldMoney, said: 'Silver has been the centre of attention for our customers with its current price bringing out the bargain hunters. Gold saw a three day rally which encoura ...

Dealing Desk: Trading volumes up in light of price fall

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Trading volumes at online bullion dealer, GoldMoney, are up week on week, with buyers taking advantage of the current price. Kelly-Ann Kearsey, Dealing Manager, GoldMoney, said: 'Improved economic figures and more hopeful rhetoric coming from the Greek bailout talks, have influenced precious metal safe haven motivations.' Kell ...