Market Updates

Market report: Markets in limbo

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Gold and silver remain close to their lows for the year, discouraged as usual by dollar resilience. Precious metals appear to be in limbo: speculative buyers are discouraged above all by their disappointing performance during the Greek crisis, and the possibility that a Chinese stock market crash might lead to forced selling ...

Dealing Desk: Precious metals drift on interest rate talk currents

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The precious metals bears are still prowling around this week, with relatively little change in prices week on week. However, as Dealing Manager Kelly-Ann Kearsey explains, this week was similar to the last with plenty of buying by its customers, 'We are into the holiday season now so trading is going to generally be lighter th ...

Market Report: Commodity rout

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Industrial commodities, including energy and base metals, were aggressively sold this week as more evidence came in that the global economy is stalling, with world trade having now declined for five months. Gold was attacked and broke the $1,100 level last weekend to slide to new lows, down 7.9% on the year and silver is now ...

Dealing Desk: Precious metals slide as the bears prowl the markets

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Monday saw a drop in the gold price, partly triggered by Asian markets and rumours that some big funds might be dumping gold into the market. Not surprisingly there was some panic selling as a result, but as Dealing Manager, Kelly-Ann Kearsey, explains, there were still many buyers prepared to put some money into the yellow met ...

Market Report: Extremes become more extreme

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Gold and silver continued to drift lower over the course of the week, with gold trading at $1,145 and silver at $15.02 in early European trade this morning. This is close to the lowest prices we have seen since 2010. At the same time equities have rallied strongly and the S&P 500 Index is within a whisker of its all-time ...

Dealing Desk: A see-saw week for gold and the USD

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There has been a clear divergence in the fortunes of the Dollar and the Euro this week which has weighed heavy on the gold price and the yellow metal's safe haven status. Head of Dealing and Settlements Roland Khounlivong, said, 'Today's announcement that the Greek parliament has agreed the new austerity measures and therefore ...