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Market Reports

Daily Gold & Silver Market Report – 5/21/2015

DOLLAR STALLED, GOLD NOT READY TO RALLY Gold spot rose 0.5 percent to $1,211.98 an ounce by 10:01 GMT. It was down 0.8 percent for the week as it is heading for its biggest fall since the week ended April 24 and 1.5 percent below a three-month high of $1,232.20 hit May 14. This is not likely to change in view of the upcoming holiday weekend and the ever-looming interest rate hike. Danske Bank senior analyst Jens Pedersen said, "There ... Read More

Daily Gold & Silver Market Report – 5/21/2015

GOLD STEADY AS DOLLAR FALLS; WEAK EUROZONE SPURS U.S.-DRIVEN REBOUND Minutes from April’s Federal Reserve policy meeting point to the unlikelihood of the central bank raising interest rates in June as policymakers believer it would be premature. Gold is holding steady as the dollar fell on the news. “Gold ... Read More

Daily Gold & Silver Market Report – 5/20/2015

GOLD REMAINS FLAT; VIEWS ON FED’S PLAN TO HIKE INTEREST RATES Gold slowly moved up Wednesday after seeing its biggest one-day loss since April 30 on a strong U.S. dollar Tuesday.  “The dollar and the euro seem to be the direction setters,” Precious Metals trader MKS SA head of trading Afshin Nabavi said. “This morning Gold looked like it was going to break below $1,200 [per ounce], but held well... Read More

Daily Gold & Silver Market Report – 5/19/2015

Gold Snaps ON RISING DOLLAR; “Twilight Zone Stocks” Gold’s rise ended Tuesday morning as the dollar increased sharply against the euro. European shares also gained after the European Central Bank suggested it may increase its 1 trillion euro ($1.12 trillion) bond-buying program. U.S. 10 year bond yields and uncertainty ahead of the latest Federal Reserve meeting minutes, due Wednesday, weighed on Gold’s outlook as well. Gold does not pay interest, so the rise in returns from U.S. ... Read More

Daily Gold & Silver Market Report – 5/18/2015

METALS RISE ON WEAK DATA; GREECE TALKS CONTINUE Precious Metal prices continue to rise during morning trading hours with Gold reaching a three month high. As investors await the minutes of the Federal Reserve’s April meeting, due Wednesday, disappointing economic data has supported metals. Many analysts are looking at September for an interest rate hike, which could be big news for Gold. Capital Economics analyst Simona Gambarini said, “The U.S. data has been a lot weaker th... Read More

Daily Gold & Silver Market Report – 5/15/2015

GOLD SOFTENS AS DOLLAR FIRMS  Gold fell from a three month high Friday but is up overall on the looming interest rate hike and the dollar recovering from a three month low against the euro. Spot Gold was down 0.6 percent to $1,214.10 an ounce, while U.S. Gold futures for June delivery were down $11.10 an ounce. “Gold coming off today may be a bit of profit-taking on the move of the past couple of days... Read More

Daily Gold & Silver Market Report – 5/14/2015

GOLD HITS THREE MONTH HIGH; JOBLESS CLAIMS HIT 15 YEAR LOW Mixed U.S. data pushed back expectations of a Federal Reserve interest rate increase, pressuring the dollar and pushing Gold to a three-month high. "I'm forecasting Gold to average $1,200 [per ounce] this quarter, as a slightly weaker dollar will continue to be supportive until we see some str... Read More

Daily Gold & Silver Market Report – 5/13/2015

WEAK U.S. DOLLAR DRIVES GOLD, CRUDE OIL Gold jumped two percent Wednesday morning, moving beyond $1,200 an ounce in reaction to the U.S. dollar reaching a three-month low.  "The dollar's weakening has been instrumental to the latest move higher and of course the view that the [U.S. Federal Reserve] is less likely to raise interest rates next month after weak economic data," ActivTrades chief analyst Carlo Alberto de Casa said. Fed officials have not provided ... Read More

Daily Gold & Silver Market Report – 5/11/2015

METALS DOWN AS INVESTORS AWAIT DATA, GREEK RESOLUTION Precious Metal prices are relatively flat during morning trading as investors continue digesting Friday’s economic data while awaiting upcoming data this week. Although the U.S. dollar had a small rebound on continued concern over Greece’s debt talks with Eurozone finance ministers, Friday’s mixed economic data held things in check as investors expect the Federal... Read More

Daily Gold & Silver Market Report – 5/8/2015

JOBS REPORT KEEPS GOLD IN CHECK Gold is up slightly Friday, but is still tied to whether the U.S. Federal Reserve raises the interest rate.  A strong jobs report could mean the Fed would raise rates sooner than later, pressuring Gold. “Gold is desperately looking for direction, which makes today's nonfarm payrolls report particularly important,” Saxo Bank head of commodity research Ole Hansen said. Spot Gold was up 0.2 percent at ... Read More

Daily Gold & Silver Market Report – 5/7/2015

GOLD SLIPS ON DOLLAR, BOND YIELDS; FED WARY OF BOND CLIFF Gold is held down for a second day on uncertainty of a U.S. Federal Reserve interest rate hike as well as a steadier dollar, holding below the key level of $1,200 per ounce for a fifth day. “Higher real yields rising are the more dominant factor of Gold weakness at the moment,” ABN Amro analyst Geor... Read More

Daily Gold & Silver Market Report – 5/5/2015

Economy On Decline; Gold’s Momentum Short-lived According to a Moody’s/CNBC survey, economists believe the U.S. economy shrank by 0.3 percent in the first quarter. Tuesday’s weak trade data was included in this percentage. The government reported last week the economy grew 0.2 percent, but the Commerce Department will revise the figures later this month. “Q1 likely contracted, than... Read More

Daily Gold & Silver Market Report – 5/1/2015

GOLD SLIDES FURTHER AS STOCKS CLIMB Gold hit a six-week low Friday due to the U.S. jobs report as well as continued speculation on the U.S. interest rate increase. Spot Gold last traded nearly 1 percent lower at $1,172.30 an ounce, while U.S. gold futures for June delivery were down $10 an ounce. Earlier spot prices had Gold at $1,170.20, its lowest since March 20. “There is still fall-out from the FOMC (Federal Open Market Committee)-- there has been a hiccup in the U.S. recovery,... Read More

Daily Gold & Silver Market Report – 4/30/2015

JOBLESS CLAIMS AT 15-YEAR LOW; GOLD FALLS AS JOBS DATA BOOSTS DOLLAR New claims for jobless benefits fell to a 15-year low, remaining under 300,000, while consumer spending rose in March, which may signal a strengthening economy after a rough first quarter. The four week moving average, considered a better measure of the labor market, fell 1,250 to 283,750. Data showing an increase in Q1 Read More

Daily Gold & Silver Market Report – 4/29/2015

METALS AWAIT FED STATEMENT; WEAK U.S. GDP DATA RELEASED Precious Metals fell slightly ahead of the Federal Open Market Committee statement, expected Wednesday.  Investors await the Federal Reserve’s statement on increasing interest rates after weak U.S. economic data pushed the dollar to a two-month low against other major currencies.  “However, any delay to the interest rates hike may cause more support t... Read More

Daily Gold & Silver Market Report 4/28/2015

Greek Policy Criticized; Gold Hits Three-Week High Gold increased nearly one percent Tuesday after less than ideal U.S. data hit the dollar and weakened talks that the U.S. Federal Reserve will raise interest rates in the coming months. The yellow metal rose to a three-week high after data showed U.S. consumer confidence in April dropped to its lowest level since December. “Market participants are focusing on the Fed meetin... Read More

Daily Gold & Silver Market Report 4/27/2015

METALS BOOSTED AHEAD OF FED MEETING AS GREEK DEBT LOOMS Precious Metals are gaining momentum during morning trading hours. Gold prices have jumped more than $25 an ounce and Silver has increased nearly $1 per ounce as investors await news from this week’s Federal Reserve policy meeting and continue to monitor Greek debt talks. Many do not expect a U.S. interest rate hike in June but more likely toward the end of the year. ING commodities analyst Hamza Khan said, “ Read More

Daily Gold & Silver Market Report 4/24/2015

GOLD STUMBLES AS STOCKS HOLD STEADY Gold is down for the third consecutive week on strong global equities and the timing of a suspected U.S. interest rate increase. Spot Gold was down 0.3 percent to $1,190.55 an ounce, while U.S. Gold futures for June delivery were down $4.30 an ounce. “The news this week in general has been Gold-friendly - weaker dollar, weaker U.S. data and Middle East tensions,” Saxo Bank analyst Ole Hansen said. “But Read More

Daily Gold & Silver Market Report 4/23/2015

GOLD EDGES UP ON SOFT DOLLAR; WALL STREET FLAT Gold edged above a three-week low Thursday after healthy U.S. housing data boosted expectations of a U.S. Federal Reserve interest rate increase. Data showing U.S. home sales climbed to an 18-month high caused the dollar to struggle and have many expecting an increased rate as early as June. A move by the Fed would provide more pressure on Gold. “ Read More

Daily Gold & Silver Market Report 4/15/2015

GOLD’S SAFE HAVEN APPEAL RETURNING; CRUDE SUPPLIES REMAIN HIGH Gold might be headed toward safe haven status on investor concern over whether Greece will resolve its debt crisis by the end of April. If they fail, they may be asked to exit the eurozone, which could create a bullish market for Precious Metals. “The (Gold) market is growing tired of watching the Greek saga, while tensions in Yemen, an element of sup... Read More

Disclaimer:
APMEX’s ‘Market Reports’ 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.

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