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Dealing Desk: Precious Metals Weighed Down on Fed Hawkish Statement + MORE

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Attacks in Brussels affected financial market in Europe and the US, sending safe-haven assets including gold, US dollar and Japanese yen higher as risk appetite soured. The benchmark Comex gold contract added +0.35% and silver was up +0.23%. Crude oil prices, despite risk aversion and record high US inventory, extended strength

Continue Reading On oilngold.com »

In the run up to Easter, trading in markets generally has become both volatile and thin.
It is usual in these conditions for negative factors to recede from traders’ minds, and so we have seen continuing strength in equities, and a resurgence in confidence in the dollar after its recent weakness. Most vulnerable have been precious metals on the back of a stronger dollar, and also sterling, where the excuse for selling is opinion polls suggesting Brexit is more likely…

Continue Reading On .goldmoney.com »

Equities fell as US dollar continued to pare losses made after Fed announcement and as crude oil prices retreated on bigger-than-expected US inventory build. Wall Street slipped with DJIA and S&P 500 indices losing -0.45% and -0.64% respectively. Shares in Asia were under pressure on Thursday with Australia’s S&P/ASX 200 index declining -1…

Continue Reading On oilngold.com »

Or some reflections to read over the Easter holidays
With Japanese and Eurozone interest rates becoming increasingly negative, and the Fed backing off from at least some of the planned increases in the Fed funds rate this year, economists are reassessing the interest rate outlook.
Economists lack consensus, with some expecting yet more easing, based on the apparent collapse in cross-border trade last year…

Continue Reading On .goldmoney.com »

This week, clients have preferred purchasing silver to gold and have been seen exchanging their gold for silver.
Many clients were seen seen buying precious metals on Tuesday and Wednesday after taking advantage of the price drop.
GoldMoney’s clients have favoured the Singapore and London vaults this week, with less favour being shown for the Swiss and Hong Kong vaults…

Continue Reading On .goldmoney.com »

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