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Another silver week as gold waits on the Fed

GoldMoney weekly market report and customer metricsIt was another week where silver outshone its yellow cousin amid the ‘wait and see’ ahead of the US Federal Reserve decision whether or not to raise interest rates. Dealing Manager at GoldMoney, Kelly-Ann Kearsey, said it was quiet on the gold trading front but this was expected: “Obviously the announcement from the Federal Reserve was critical so it’s not supririsng that clients were waiting to see what happened.  Good indicators for the US economy led some to believe it could be the end of record low interest rates, but on the day

Silver back in the spotlight

GoldMoney weekly market report and customer metricsIt 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 interesting and is coming from a relatively low price base. “Gold’s furtunes were hit by a stronger dollar as a result of strong US jobs data. It has given hope to a more imminent rate rise in the US, despite warnings

Rise in interest for gold deliveries to customers’ homes

GoldMoney weekly market report and customer metricsAs 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 the stock market swings as much as we might expect. However, it’s obvious that some people are concerned because this week we saw orders from the UK, US, and Canada for physical bullion bars to be delivered to

Gold hits 5 year low in lacklustre holiday trading

GoldMoney weekly market report and customer metricsMonday saw gold hit a five year low with even the sell-off in Chinese shares not spurring safe haven buying. Low inflation and the strong dollar continue to dominate says GoldMoney Dealing Manager, Kelly-Ann Kearsey, ‘Interestingly we haven’t seen any big sell orders, we’ve had a steady flow of small sells along with buys so our customers are still not committed either way. ‘Investors might be attracted to some higher yielding options, but, with the current gold and silver prices, some customers have decided to add to their portfolio for

The Safehaven shimmer returns to gold

GoldMoney weekly market report and customer metricsIt 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 at online precious metals trader, Roland Khounlivong, said, ‘It has resulted in a return to gold’s safe haven appeal with bargain hunters heading back into the market to protect their wealth.’ Customer activity In terms of GoldMoney customers, Roland says it has been a week of stability, ‘We’ve seen a low turnover

Precious metal prices up - GoldMoney customers cash in

GoldMoney weekly market report and customer metricsGold prices reached a three and a half week peak this morning, rising above the critical  $1200 resistance level, but while more GoldMoney customers have been buying along with the rest of the market, there have also been some big value sales resulting in net value selling. The By Metal chart  shows net sell orders this week, compared to buying last week for gold among GoldMoney customers. Gold fortunes up Kelly-Ann Kearsey, Dealing Manager at the online precious metals dealer, said: ‘There has actually been limited trading this

Gold back in favour, but silver out-shines

GoldMoney weekly market report and customer metricsAfter a hesitant week ahead of the Federal Reserve Open Market Committee minutes being released, gold saw a flurry of interest today. Gold in Favour Gold prices edged lower Tuesday ahead of Janet Yellen’s much anticipated comments, says Kelly-Ann Kearsey, Dealing Manager at online precious metals dealer, GoldMoney. ‘Our customers were definitely sitting on the sidelines with customer activity at a real low just ahead of the release.  The message was that the Federal Open Market Committee (FOMC) still wants to prime the markets for

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