APMEX Market Commentary | Gold & Silver Market Reports, News and Commentary

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News and Commentaries Morning Gold & Silver Market Report – 5/10/2013 by Geoffrey Varner May 10, 2013 GOLD SETTING UP ANOTHER WEEKLY LOSS The drop in Gold price continued overnight, putting the Precious Metal on pace to close lower for the week. The U.S. dollar gained against the yen, adding strength to Gold’s decline as a stronger dollar makes dollar-denominated commodities like Gold more expensi... [more] Closing Gold & Silver Market Report – 5/9/2013 by Brandi Brundidge May 9, 2013 GOLD RETREATS ON POSITIVE JOBS REPORT; CHINA MAY REQUIRE EASING Gold felt a pullback in price today as the U.S. weekly jobless claims fell to a five year low. Improved labor conditions tend to put pressure on the yellow metal due to the Federal Reserve’s preservation of a low federal funds ... [more] Mid-Day Gold & Silver Market Report – 5/9/2013 by Ted Prince May 9, 2013 GOLD, STOCKS TAKE BREATHER FOLLOWING RECENT RALLY Gold futures are down slightly as jobless claims have fallen to their lowest level since 2008. Propelled by retail investors and central banks, the recent demand for physical Gold is still running counter to continued fund liquidation in ele... [more] Morning Gold & Silver Market Report – 5/9/2013 by Geoffrey Varner May 9, 2013 ETF SELLING VS. PHYSICAL BUYING The Gold price slipped in overnight trading as the U.S. dollar strengthened against a basket of other currencies. Investors were also profit taking on a three-week rally of European shares, which reached multi-year highs, helping keep the dollar steady against the eu... [more] Closing Gold & Silver Market Report – 5/8/2013 by Ted Prince May 8, 2013 GOLD REBOUNDS ON WEAK DOLLAR, ASIAN DEMAND Gold climbed to its highest level in almost one month following Tuesday’s losses. Support from a weaker dollar and strong demand for the metal in Asia have helped drive the price today. Along with a substantial influx of net Gold buying in Chin... [more] Mid-Day Gold & Silver Market Report – 5/8/2013 by Nicholas Wilsey May 8, 2013 GOLD PRICE GAINS ON STRONG DEMAND The Gold price is moving up today based on very strong sales numbers out of China. Last month, Gold imports into China more than doubled, setting an all-time high. One of the most impressive things to note is that all of this happened before Gold’s price dropped in... [more] Morning Gold & Silver Market Report – 5/8/2013 by Ryan Schwimmer May 8, 2013 DR. DOOM: “HUGE RALLY IN RISK ASSETS” AHEAD Precious Metals prices have recovered yesterday’s losses, thanks to a weaker U.S. dollar and physical demand continuing to stay strong. Sharps Pixley said in a note, “Given the reduction of tail-risk in Europe, the rising labour market in the U.S. and the... [more] Closing Gold and Silver Report – 5/7/13 by Nicholas Wilsey May 7, 2013 GOLD LOWERS ON EUROPEAN OUTLOOK The Gold price dropped today on news out of Europe regarding formation of a banking union. This has caused a belief that there will be less financial risk in the region, which has in turn caused a drop in safe haven assets such as Gold. “Any indication that Europe i... [more] Mid-Day Gold & Silver Market Report – 5/7/2013 by Ryan Schwimmer May 7, 2013 AUSTRALIA’S RATE CUT LEADS TO PROFIT TAKING After Australia’s surprising rate cut announcement this morning, U.S. stocks are climbing while the Gold price has remained relatively flat. Many Gold traders are choosing to take the profit on their positions as stocks approach all-time highs. Commerzban... [more] Morning Gold & Silver Market Report – 5/7/2013 by Ryan Schwimmer May 7, 2013 ANALYST: GOLD IS THE BEST INFLATION HEDGE Precious Metals prices fell in overnight trading as Gold faces a key technical resistance level at $1,469.80 per ounce. A surprise rate cut in Australia put more pressure on the Gold price, as morning losses doubled after the news. Credit Suisse... [more] Month List 2013 May (52) 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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