APMEX Market Commentary Archive February 2013

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News and Commentaries 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] Morning Gold & Silver Market Report – 2/14/2013 by Geoffrey Varner February 14, 2013 CENTRAL BANKS BUY RECORD AMOUNTS OF GOLD The World Gold Council (WGC) said today that world banks, led by Russia, Brazil and Iraq, purchased a record 534.6 metric tons of Gold last year, the most since 1964. This accounted for 12 percent of the overall demand for Gold as compared to a 10 percent sh... [more] Closing Gold & Silver Market Report – 2/13/2013 by Ted Prince February 13, 2013 INCREASED 2013 SILVER PROJECTIONS; INVESTORS QUESTION RECOVERY Gold and Silver prices are down slightly as investors remain noncommittal ahead of the much anticipated G20 meeting later this week. “Although people are not expecting anything dramatic to be said at the G20 meeting, there is still some... [more] Mid-Day Gold & Silver Market Report – 2/13/2013 by Nicholas Wilsey February 13, 2013 GOLD HOLDS STEADY; OUTLOOK ON SILVER IMPROVED As we reach the midway point of the week, the price of Gold has been relatively flat. Many investors believe that the market is unsuccessfully looking for direction. News that moves the market usually happens during the week, however this weekend the le... [more] Morning Gold & Silver Market Report – 2/13/2013 by Ryan Schwimmer February 13, 2013 CONSUMER SPENDING UP SLIGHTLY; MARKET LOOKING FOR DIRECTION Gold and Silver prices recovered from early losses and stock futures held onto gains after January’s retail report. As analysts expected, retail sales grew just 0.1 percent in January, suggesting that tax increases at the beginning of the ... [more] Closing Gold & Silver Market Report – 2/12/2013 by Nicholas Wilsey February 12, 2013 GOLD SLIGHTLY HIGHER AT CLOSING At the start of business today, Gold had dipped to a six week low but made a comeback to end the day on a positive note. A major reason for the rise came with continuing monetary policies that have devalued the world’s leading currencies. “It was an extremely quiet d... [more] Mid-Day Gold & Silver Market Report – 2/12/2013 by Brandi Brundidge February 12, 2013 ECB CHIEF SUGGESTS CURRENCY WAR EXAGGERATED The bottom for Gold seems to be tested as the Lunar New Year began Monday, taking some support out of the market for the week long celebration. “Today [the lower Gold price] is the fact that the market's been very much range-bound for a while, funds ar... [more] Morning Gold & Silver Market Report – 2/12/2013 by Ryan Schwimmer February 12, 2013 NUCLEAR TEST, G7 ANNOUNCEMENT MOVE GOLD PRICE Gold and Silver prices are mostly flat this morning as Platinum and Palladium prices increase. The U.S. dollar is falling after an announcement by the Group of Seven industrialized countries that they would allow exchange rates to be determined by the m... [more] Closing Gold & Silver Market Report – 2/11/2013 by Brandi Brundidge February 11, 2013 ECONOMISTS HAVE HIGH HOPES FOR U.S. RECOVERY Gold fell today as investors became concerned with the metal’s year to date performance. Also, the Lunar New Year began this week, taking major Asian markets out of trading to celebrate. “There is less liquidity in the market this week, with fewer trade... [more] Mid-Day Gold & Silver Market Report – 2/11/2013 by Ted Prince February 11, 2013 GOLD TO EXPECT SECOND HALF BOOST ON GLOBAL CURRENCY WAR? Gold and Silver are trading lower today as concern over currency competition has weighed heavily on commodities markets. Investors are awaiting a statement from the Group of 20 nations (G20) who are meeting this week to discuss global exchang... [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.