39 Quotes by Alan Williamson

Precious metal prices remain firm, underpinned by ongoing tensions in the Middle East and continued speculative enthusiasm for commodities.

This is partly as a result of the belief that any dollar strength will be temporary,

There is very little happening and we're seeing thin volumes today. The market lacks direction; it may continue trading sideways.

It may well be that the stalling in the gold price rally over the last few days reflects a slowing in inflows into the various exchange-traded funds. With the major source of gold buying drying up over recent days it is hardly surprising that the gold price rally has stalled.

It's quite encouraging to see that platinum is holding up above the $1,000/oz level. Where to from here? We expect it to track gold.

Once again the gold market has surprised by its resilience. Sentiment towards gold was helped by an early recovery in the base metals markets.

If the market can absorb such a weight of selling, then just imagine what will happen if the funds begin to reinstate long positions.

Clearly the outlook for the currency markets, and in particular the U.S. dollar/euro exchange rate will be critical to the outlook for the gold market,

Buying the dips remains the most profitable mantra in the markets at the moment.