APMEX Market Commentary Archive February 2013

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News and Commentaries Mid-Day Gold & Silver Market Report – 2/20/2013 by Nicholas Wilsey February 20, 2013 GOLD LOOKS TO CHINA FOR SUPPORT The Gold price moved lower today due to rumors of the United States Federal Reserve curbing its monetary easing program. As the economy improves, investors look toward higher risk investments and away from lower risk investments such as Gold. However, “Fundamentals f... [more] Morning Gold & Silver Market Report – 2/20/2013 by Ryan Schwimmer February 20, 2013 FED MINUTES EYED; CRAMER TALKS UP GOLD Precious Metals prices are trading lower again this morning as investors await the minutes from the latest Federal Reserve meeting. These minutes are expected to show that a large portion of the meeting was spent discussing how to end the third round of quanti... [more] Closing Gold & Silver Market Report – 2/19/2013 by Nicholas Wilsey February 19, 2013 GOLD PRICE DOWN ON POSITIVE ECONOMIC OUTLOOK There have been many positive signs as of late from reports regarding the United States economic forecast. Employment, housing, and manufacturing across the country have shown improvement and the U.S. Federal Reserve is taking notice. Tomorrow the minute... [more] Mid-Day Gold & Silver Market Report – 2/19/2013 by Brandi Brundidge February 19, 2013 WHAT WILL GOLD’S SUPPORTED PRICE BE? DATA CONFIRMS GERMANY’S ECONOMIC RECOVERY Gold has remained at a 6-month low following last Friday's big loss from positive economic news. At this point the yellow metal requires some pessimistic data to rebound or a heavy demand in the asset. ... [more] Morning Gold & Silver Market Report – 2/19/2013 by Ryan Schwimmer February 19, 2013 SEQUESTER BEGINS MARCH 1, COULD WORK AGAINST ECONOMY Gold and Silver prices gave up some early gains this morning, as investors seem to have a better opinion of the global economy. However, there is much discussion around the beginning of the automatic spending cuts that would come with the s... [more] Weekly Gold & Silver Market Recap – 2/15/2013 by Nicholas Wilsey February 15, 2013 GOLD PRICES DROP TO SIX-MONTH LOW THIS WEEK This week had the right combination of factors to bring the price of Gold to a six-month low. Asian markets, including China, Japan and Korea, were closed this week for the Lunar New Year. Standard Chartered analyst Dan Smith said, “Gold is going to be pr... [more] Mid-Day Gold & Silver Market Report – 2/15/2013 by Geoffrey Varner February 15, 2013 PRECIOUS METALS CONTINUE TO SLIDE A series of blows to Gold’s fundamentals have pushed the safe haven investment near the $1,600 range today. Upbeat U.S. industrial data, a positive statement from the G20 about global currencies, and news that George Soros cut his holdings on Gold are acting as a w... [more] Morning Gold & Silver Market Report – 2/15/2013 by Ryan Schwimmer February 15, 2013 G20 STATEMENT LEAKS; GOLD AT SIX-MONTH LOW Gold and Silver prices are adding to losses this morning as reports of the Group of 20 nations statement have leaked. According to a draft statement, the G20 will vow not to devalue currencies in a competitive manner (like the “currency wars” that have bee... [more] Closing Gold & Silver Market Report – 2/14/2013 by Brandi Brundidge February 14, 2013 GOLD FEELS EUROZONE’S HEARTACHE ON GDP NEWS The eurozone is facing difficult times as its recession continues to worsen. In the fourth quarter of 2012, the zone’s Gross Domestic Product (GDP) dropped 0.6 percent from the previous three months, which is the worst drop since the collapse of Lehman ... [more] Mid-Day Gold & Silver Market Report – 2/14/2013 by Ted Prince February 14, 2013 MARKETS SLOW ON LOW VOLUME, G20 ANTICIPATION The Gold price has softened today to its lowest level in six months. Analysts point to Lunar New Year celebrations in China and anticipation of this week’s G20 meeting as contributing to a lack of fervor among investors. Through the recent price pull-bac... [more] Month List 2013 May (40) 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. All orders, all purchases and all sales, if any, are subject to the terms of the User Agreement and other applicable policies.