APMEX Market Commentary Archive July 2012

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News and Commentaries Closing Gold & Silver Market Report, 7/11/2012 by Robert Davis July 11, 2012 MEETING MINUTES SHOW NO SIGN OF QE3 SOON American markets, with hopes for additional quantitative easing, ended mostly lower today after the minutes of the most recent Federal Open Market Committee meeting were released. The minutes, which give insight into policy makers’ decisions, sh... [more] Morning Gold & Silver Market Report, 7/11/2012 by Ryan Schwimmer July 11, 2012 INVESTORS SEEKING SAFE HAVENS; GREECE FACES OPPOSITION Gold is trading slightly lower this morning, while Silver has given up some early gains amid news that the United States trade deficit narrowed. The 3.8 percent drop in the deficit was expected, so it has not had much effect on the... [more] Closing Gold & Silver Market Report, 7/10/2012 by Robert Davis July 10, 2012 TRADERS PUNISH EURO AS BLACK CLOUD SWIRLS OVER EUROPE The euro fell in value today when compared to 16 of its most-traded peer currencies. Recent interest rate cuts by the European Central Bank have led traders to rid their portfolios of euro assets in favor of currencies with higher y... [more] Morning Gold & Silver Market Report, 7/10/2012 by Ryan Schwimmer July 10, 2012 1.3 BILLION IN CHINA HAVE LITTLE CHOICE BUT GOLD China continues to be the “most important player on the global Gold market,” according to Commerzbank AG. The World Gold Council predicts that China will increase its Gold holdings by 13 percent this year. What makes Gold so attractive t... [more] Closing Gold & Silver Market Report, 7/9/2012 by Brandi Brundidge July 9, 2012 OIL SHUTDOWN LOOMS IN NORWAY; FED OFFICIALS SHARE OUTLOOK ON QE3 The Gold price took a small jump Monday once investors began to take advantage of the yellow metal’s price dip, but it remained steady in the afternoon. The Gold price spiked due to rising crude oil prices and a weaker Am... [more] Morning Gold & Silver Market Report, 7/9/2012 by Ryan Schwimmer July 9, 2012 ‘PERFECT STORM’ COMING TOGETHER, ECONOMIST SAYS Precious Metals are trading mostly flat this morning, taking a cue from the euro. The euro has rebounded slightly since hitting a two-year low on Friday. Adam Myers of Credit Agricole wrote, “The currency market mood is likely to turn mor... [more] Mid-Day Gold & Silver Market Report, 7/6/2012 by Brandi Brundidge July 6, 2012 GOLD REACTS STRONGLY TO AMERICAN JOBS REPORT Gold's price fell this morning as a result of disappointing numbers shown in the latest United States jobs report. U.S.A. nonfarm payrolls increased 80,000 jobs in June from May’s reading of 77,000, while the nation’s unemployment rate rem... [more] Closing Gold & Silver Market Report, 7/5/2012 by Robert Davis July 5, 2012 RECORD EUROPEAN STIMULUS PUSHES DOLLAR UP AS EURO, GOLD DROP The euro fell to a four week low against the dollar today, held down by a record low interest rate from the European Central Bank and a rise in the value of the dollar brought on by a report that showed more Ameri... [more] Morning Gold & Silver Market Report, 7/5/2012 by Ryan Schwimmer July 5, 2012 TRIO OF ECONOMIC MOVES BOOSTS MARKETS Major financial policy moves from Europe and China are boosting American stock futures. Precious Metals prices have been choppy in early morning trading thanks to the inflationary pressures these moves are likely to have on the global economy. The ... [more] Closing Gold & Silver Market Report, 07/03/2012 by Robert Davis July 3, 2012 GOLD PRICE ENDS HIGHER ON HOPES OF MORE EUROZONE STIMULUS The Gold price closed at its highest point in two weeks today on hopes that the European Central Bank (ECB) will announce more stimulus measures to buoy a floundering economy in the 17 nation euro currency union. Expectations ar... [more] Month List 2013 May (46) April (66) March (60) February (60) January (63) 2012 December (62) November (60) October (71) September (58) August (51) July (42) June (48) May (48) April (51) March (66) February (65) January (63) 2011 December (64) November (60) October (63) September (62) August (69) July (60) June (64) May (62) April (63) March (69) February (52) January (61) 2010 December (62) November (59) October (33) Authors Brandi Brundidge Craig C. Calvin Eli Hamilton Gaya Vinay Geoffrey Varner John Foster Michael Haynes Mike Garofalo Nicholas Wilsey Peter LaTona Ryan Schwimmer Ted Prince << Previous Commentaries Next Commentaries >> DISCLAIMER: APMEX’s ‘News and Commentaries’ provide our readers with a review of spot price activity and some of the factors that may be affecting the market for precious metals, three times during the trading day. While the information is obtained from sources we believe to be reliable, we do not guarantee its accuracy or its completeness and we encourage you to conduct your own investigation prior to making any decision based on the information. The "News and Commentaries" are not intended as a comprehensive discussion and there may be other factors that may be affecting the financial marketplace. These "News and Commentaries" are provided for informational purposes only and do not constitute a recommendation by APMEX to hold, to purchase or to sell any precious metal product. 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