Our Daily Gold & Silver
Market Reports

Daily Gold & Silver Market Report – 7/22/2016

GOLD CLIMB SLOWED BY STRONGER DOLLAR Spot Gold is down 0.5 percent Friday to $1,324.66 per ounce at 1011 GMT, set for a decline around 1 percent for the week. Tensions surrounding a potential U.S. interest rate increase and loose monetary policy from European and Japanese central banks caused Gold to hit a two-year high earlier this month. The stronger dollar and the labor reports caused expec... Read More

Daily Gold & Silver Market Report – 7/21/2016

GOLD HOLDS ABOVE 3-WEEK LOW AS ECB LEAVES RATES UNCHANGED; WALL STREET FLAT AS INVESTORS DIGEST EARNINGS REPORTS Gold held steady above its recent low as Thursday the European Central Bank (ECB) left interest rates at record lows in hopes of helping its economy. ECB President Mario Draghi said the bank will take more actions to help economic growth if necessary. Analysts are expecting more quantitative easing by the central bank and all eyes will be on the Septembe... Read More

Daily Gold & Silver Market Report – 7/20/2016

FED IS FORECAST TO HIKE RATES BY YEAR’S  END; U.S. GROWTH PREDICTED Gold and Silver are pressured by a stronger U.S. dollar Wednesday due to anticipation of the Federal Reserve possibly increasing interest rates by year’s end. The Fed has four scheduled policy meetings left in 2016 and have stated their plans to hike rates at least two times this year.  They originally planned to raise rates four times in 2016, but due to poor economic conditions, they changed this... Read More

Daily Gold & Silver Market Report – 7/18/2016

METALS SEARCH FOR DIRECTION AFTER FAILED TURKEY COUP After a small decline Friday, Precious Metals are searching for direction during Monday morning trading hours.  After a failed military coup in Turkey, Gold saw a small boost due to increased uncertainty and geopolitical tensions. However, as things abroad settled, global markets saw a boost while denting the metal’s safe-haven ... Read More

Daily Gold & Silver Market Report – 7/15/2016

  GOLD DOWN AS DOLLAR  RISES; TERROR ATTACK COUNTERS POSITIVE DATA Spot Gold is down Friday for its first weekly loss since May.  The U.S. dollar has steadied, but global uncertainty caused the metal to decline slightly, easing 0.2 percent to $1,333.10 an ounce.  Strong U.S. jobs data and the Brexit vote have pressured the metal following a six-week gain.  "Investors are taking profits, but Read More

Daily Gold & Silver Market Report – 7/11/2016

METALS CONTINUE TO GAIN AS S&P HITS RECORD HIGH Precious Metals prices continue their recent rise during Monday afternoon trading hours.  After seeing a small pullback at the end of last week, Gold is rebounding with Silver continuing to climb.  Economic slowdowns around the world, the Brexit vote and a lack of direction from the Federal Reserve have... Read More

Daily Gold & Silver Market Report – 7/8/2016

GOLD DOWN SLIGHTLY AFTER JOBS REPORT, DOLLAR GAIN Spot Gold is down slightly Friday after the U.S. non-farm payroll report came out stronger than expected for June.  The U.S. dollar is at a two-week high against the euro, however Gold has managed to recover slightly in the wake of the Brexit vote. These conditions are contributing to renewed talk of an interest rate increase by the Federal Reserve this year.  "The knee-jerk reaction to the stronger than expected payr... Read More

Daily Gold & Silver Market Report – 7/7/2016

GOLD SLIPS ON STRONG DOLLAR BUT BREXIT PERSISTS; WALL STREET HIGHER ON STRONG JOBS REPORTS Brexit concerns led Gold to its peak since March 2014 on Wednesday but U.S. jobs data released Thursday strengthened the dollar and pressured Gold prices. Britain’s vote to leave the European Union sent shockwaves through the financial markets and has investors looking for the safe-haven appeal of both Gold and Silver. Mitsubishi analyst Jonathan Butler said, "I think Read More

Daily Gold & Silver Market Report – 7/1/2016

GOLD,SILVER, PLATINUM HIT HIGHS Spot Gold is up one percent Friday for its fifth-straight weekly gain. The yellow metal’s 8.8 percent rise in June is its biggest rise since February of this year. Silver benefited from Gold’s strength, breaching $19 for the first time since September 2014.  It rose as much as 3.8 percent to $19.40 and was on track for its best week since August 2013, having gained more than 8 percent so far. Other Precious Metals such as Platinum also hit their... Read More

Daily Gold & Silver Market Report – 6/30/2016

GOLD SET FOR BEST MONTH SINCE FEBRUARY AFTER BREXIT SHOCK; WALL STREET RALLIES AFTER BANK OF ENGLAND GOVERNOR HINTS AT STIMULUS Last week’s Brexit vote left the markets in shock and had investors scrambling to Gold as a safe haven. The Precious Metal climbed to its highest level in the last two years, reaching $1,358.20 per ounce. The rattled markets are beginning to settle and Gold has steadied toward the end of the week. Gold is on track for another quarterly gai... Read More

Daily Gold & Silver Market Report – 6/29/2016

SILVER SOARS 3 PERCENT; U.S. STOCK MARKET APPEARS GLOOMY Precious Metals climbed Wednesday, with Gold nearing a two-year high and Silver jumping almost 3 percent for the day.  The big move was due to a weaker U.S. dollar on uncertainty surrounding how the Federal Reserve will proceed with hiking interest rates in the near future.  “[As] soon the Read More

Daily Gold & Silver Market Report – 6/27/2016

METALS CONTINUE RISE AS MARKETS DIGEST BREXIT Precious Metal prices continue to rise as investors around the world digest the United Kingdom’s decision to leave the European Union, commonly known as Brexit.  Gold prices are hovering around two-year highs as investors rapidly sell equities and turn to safe-haven assets.  Historically, during times of uncertainty, Gold has h... Read More

Daily Gold & Silver Market Report – 6/24/2016

GOLD JUMPS, WORLD STOCKS DECLINE ON SUCCESSFUL BREXIT VOTE Spot Gold is up near 8 percent Friday, reaching its highest point in more than two years and peaking at $1,358.20 per ounce following British citizens voting to leave the European Union. Euro-priced Gold rose as much as 13 percent. World stocks are headed for a slump due to the uncertainty in the market. "This isn't necessarily about Britain, Read More

Daily Gold & Silver Market Report – 6/23/2016

GOLD HITS TWO-WEEK LOW AS BRITAIN VOTES ON EU MEMEBERSHIP; U.S. JOBLESS CLAIMS NEAR 43-YEAR LOW Investors are watching and waiting Thursday as Britain votes on its membership in the European Union. Gold fell to a two-week low as the “stay” camp seemed to take a slight edge in opinion polls. Gold is viewed as a safe haven and previously nearly a two-year high on June 16 amidst the global economic uncertainty.  "The fear we had mid last week about Britain ... Read More

Daily Gold & Silver Market Report – 6/22/2016

EITHER OUTCOME FOR BREXIT IS FORECAST TO SUPPORT GOLD Investors are eyeing Thursday’s vote for whether the U.K. will leave the European Union, better known as Brexit.  The outcome from such a dynamic move could be detrimental to the financial market, therefore investors are intrigued to what might occur. ... Read More

Daily Gold & Silver Market Report – 6/17/2016

BREXIT SPECULATION STILL BOOSTING METALS Spot Gold is up Friday on a softer dollar, heading for its third-straight week of gains as the Federal Reserve is still uncertain of an interest rate increase. Gold saw its highest point since August 2014, hitting $1,315.55 Thursday, before sliding one percent after a lawmaker was killed and the British referendum was suspended for now. "Gold is reverting to its safe-haven role, in a situation where eurozone government bonds are in nega... Read More

Daily Gold & Silver Market Report – 6/16/2016

GOLD HITS TWO-YEAR HIGH FOLLOWING FED ANNOUNCEMENT; BREXIT COULD HURT U.S. BANK EARNINGS The Federal Reserve remained cautious on the economy at their latest policy meeting, giving a less dovish tone. The possibility of Great Britain leaving the European Union has investors turning toward Gold as a safe haven. "We sold off in the first place because of the rocketing dollar, impending rate hikes and people flooding into equities as they took a risk-on approach... Read More

Daily Gold & Silver Market Report – 6/13/2016

METALS CONTINUE CLIMB AS MARKETS AROUND THE WORLD LOSE GROUND As investors return from the weekend, Precious Metals prices are gaining, with Gold reaching its highest point since mid-May.  The dollar continues to lose ground as speculation that a summer interest rate hike by the Federal Reserve is off the table and fears mount over Britain’s upcoming vote to exit the European Union... Read More

Daily Gold & Silver Market Report – 6/10/2016

GOLD SET FOR SECOND WEEKLY RISE Gold spot is slightly lower Friday, but is still near a three-week high.  The yellow metal was down 0.1 percent at $1,267.25 an ounce by 1151 GMT, still near its highest point since May 18. The dollar recovered slightly because investors are less worried about an interest rate hike next month.  Following last Friday’s weak jobs report, Precious... Read More

Daily Gold & Silver Market Report – 6/9/2016

GOLD EASES AS DOLLAR CLAWS BACK; U.S.ECONOMIC OUTLOOK BRIGHTENS ON UPBEAT JOBS DATA Investor concern over global markets helped the dollar’s recovery and has Gold backing off a three-week high. The Precious Metal rose 1.5 percent Wednesday after lower-than-expected payrolls numbers and dovish comments from Federal Reserve Chair Janet Yellen pushed out expectations of an interest rate increase.  "Gold is a bit lower as the dollar is doing (better), especia... Read More

Daily Gold & Silver Market Report – 6/8/2016

SILVER FORECAST TO REACH $20 BY END OF YEAR; U.S. DOLLAR DECLINES Precious Metals prices soared Wednesday as the market foresees the Federal Reserve not increasing interest rates in June or July, due to recent economic data.  The expectation of the Fed skipping a few months of hiking rates along with the weakening U... Read More

Daily Gold & Silver Market Report – 6/7/2016

METALS LOOK FOR DIRECTION AHEAD OF NEXT FED MEETING Precious Metal prices are relatively flat during early Tuesday afternoon trading hours.  After reaching a two-week high Monday, comments from U.S. Federal Reserve Chair Janet Yellen on the strength of the U.S. economy pressured prices.  Although Yellen’s comments dampened investor appeal, some analysts believe Gold has more gro... Read More

Daily Gold & Silver Market Report – 6/1/2016

GOLD DOWN ON FED’S PROJECTED NEXT MOVE; CONSUMER CONFIDENCE SLIDES AGAIN Gold moved down Wednesday after further speculation the Federal Reserve will increase interest rates at June’s scheduled policy meeting. The market is fully aware the Fed will hike rates twice this year, but the news still moves Precious Metals prices. “The U.S. dollar has had a great run recently, which has put some short-term, inverse pressure on Gold,” Libertas Wealth Management Group President Adam ... Read More

Daily Gold & Silver Market Report – 5/27/2016

GOLD,OIL DOWN SLIGHTLY; AWAITS FED DECISION Gold is at an eight-week low Friday, seeing its fourth-straight weekly decline as inventors speculate the Federal Reserve will again raise interest rates, which would dampen metal demand and boost the U.S. dollar. This view has been supported by the central bank, which will meet Friday. Spot Gold was at $1,215.39 per ounce at 1340 GMT, little changed from late Thursday. "Expectations for summer rate hikes from the Fed have changed ov... Read More

Daily Gold & Silver Market Report – 5/26/2016

GOLD UP AS DOLLAR EXTENDS LOSSES; WALL STREET LOWER AS MATERIAL STOCKS FALL Gold was up slightly Thursday as economic data showed strong demand for U.S. manufacturing goods in April. Investors continue to watch for the next Federal Reserve interest rate increase, with a hike possible in June.  "Gold has entered a phase of consolidation due to stronger views that the U.... Read More

Daily Gold & Silver Market Report – 5/24/2016

METALS DECLINE ON FED RATE SPECULATION Precious Metal prices are down during Tuesday morning trading hours. As the dollar continues its recent rally, investors are eyeing the economic data being released Tuesday, speculating when the Federal Reserve’s next interest rate hike will take place.  Allianz Global Investors' emerging markets portfolio manager Shahzad Hasan said, “Ever... Read More

Daily Gold & Silver Market Report – 5/20/2016

Spot Gold is up Friday morning to $1,259.20 per ounce after closing Thursday at a three-week low.  The drop was caused by speculation the Federal Reserve will raise interest rates next month.  Higher interest rates would boost the U.S. dollar and affect interest in Precious Metals.  The market has rebounded slightly because not every... Read More

Daily Gold & Silver Market Report – 5/19/2016

GOLD SLIDES TO THREE-WEEK LOW AS STOCKS WEAKEN, DOLLAR GAINS ON FED HIKE TALK Minutes from the U.S. Federal Reserve’s April meeting point toward a possible interest rate increase next month. Recent positive economic data strengthened the dollar and handed Gold a one percent loss. "All commodities are getting hammered -- Silver is down 3 percent, oil down more than 2 perc... Read More

Daily Gold & Silver Market Report – 5/17/2016

METALS CONTINUE RUN AS U.S. STOCKS STRUGGLE Precious Metal prices are receiving support so far during Tuesday trading.  A decline in the U.S. dollar along with European shares showing a slight gain has helped metals continue their recent run.  As Gold’s safe-haven appeal returns, many analysts and investors are keeping a watchful eye on the U.S. Federal Reserve to determine ... Read More

Daily Gold & Silver Market Report – 5/13/2016

GOLD DOWN SLIGHTLY AS DOLLAR HITS A HIGH            Spot Gold is down slightly Friday as the U.S. dollar hit a two -week high against a few different currencies.  If there is proof of a strong economy when the retail sales report comes out, the Federal Reserve said they believe the interest rates should be raised.  Gold has gained 20 percent in 2016 but is down one percent so far for the week. "The move (in the ... Read More

Daily Gold & Silver Market Report – 5/12/2016

GOLD SLIPS AS DOLLAR STRENGTHENS; U.S. JOBLESS CLAIMS HIT-ONE YEAR HIGH A strengthening U.S. dollar has led to profit taking, pulling Gold back from its highest point since April. The Precious Metal had been at $1,303.00 per ounce before giving up some gains. Weak domestic and international economic data has helped Gold gain nearly 20 percent this year. The first quarter saw demand for Gold reach its highest level on record with the World Gold Council. "It was... Read More

Daily Gold & Silver Market Report – 5/9/2016

METALS DECLINE ON DOLLAR BUMP Precious Metal prices are giving back recent gains and are on the decline Monday. After Friday’s disappointing jobs data showed a decline in U.S. job production, the dollar lost ground as Gold and Silver prices gained. However, a bump in the dollar along with some investors cashing in on Gold’s recent success prompted investor appetite for riskier assets, ... Read More

Daily Gold & Silver Market Report – 5/6/2016

U.S. JOBS DATA EDGES GOLD SLIGHTLY HIGHER Spot Gold is up Friday after a weaker-than-expected jobs report, furthering speculation the Federal Reserve will keep interest rates low for some time. Weakness in the labor market is bullish for Gold and may support the Fed’s slow approach to normalizing currently ultralow benchmark interest rates. Further contributing to the ... Read More

Daily Gold & Silver Market Report – 5/5/2016

GOLD REBOUNDS FROM THREE DAYS OF LOSSES; WALL STREET OPENS HIGHER ON RISING ENERGY STOCKS U.S. jobless claims hit a 12-month high and helped Gold rally from three days of losses. The Precious Metal broke $1,300 per ounce Monday as the dollar struggled against Japan’s yen before later recovering.  Analysts will watch Friday’s non-farm payrolls (NFP) report to decipher the Federal Reserve’s next interest rate increase. "Tomorrow's NFP remains the focal poin... Read More

Daily Gold & Silver Market Report – 5/4/2016

Gold was slightly pressured Tuesday after Atlanta Federal Reserve President Dennis Lockhart commented that an interest rate hike is a “real option” at the next Fed policy meeting.  The news lifted the U.S. dollar, though it is just speculation.  Wednesday’s disappointing news of only 156,000 new private jobs created in April shed some light on how ... Read More

Daily Gold & Silver Market Report – 4/29/2016

GOLD, SILVER UP AS DOLLAR FALLS Gold hit a seven-week peak Friday, while Silver was up 1.4 percent to $17.78 per ounce, its highest since January 2015. The dollar saw its biggest loss against the yen in more than five years after the U.S. Federal Reserve decided Wednesday to leave interest rates unchanged, a decision that supported bullion. The Fed kept the door open to an increase in June, but showed little sign it was in a hurry to tighten monetary policy. "Investors' confid... Read More

Daily Gold & Silver Market Report – 4/28/2016

GOLD CLIMBS AFTER FED, BOJ STAND PAT; U.S. ECONOMY STALLS IN FIRST QUARTER A slowdown in the U.S. economy has left the Federal Reserve pressing pause on raising rates at this time. The Japanese yen received a boost against the dollar as the Bank of Japan surprised the market and  held its monetary policy steady. Gold was able to gain 1 percent on the combined economic news and has rallied 17 percent this year on expectations of the Fed not being aggressive on ... Read More

Daily Gold & Silver Market Report – 4/26/2016

METALS MOVING UP AHEAD OF FED, BOJ POLICY MEETINGS Gold and Silver prices are experiencing a bump during Tuesday morning trading hours, as U.S. economic data showed weaker-than-expected durable goods data, causing the dollar to decline.  Alvin Tan, a currency strategist at Société Générale, said, “We haven’t seen a big revival in [corporate investment]... Read More

Daily Gold & Silver Market Report – 4/22/2016

GOLD DOWN SLIGHTLY AS DOLLAR GAINS ON YEN           Spot Gold is down Friday as the U.S. dollar gains ground against the yen. In Q1, Gold posted its best quarter in nearly 30 years on expectations the Federal Reserve would not raise interest rates this year due to volatile markets and concerns over the Chinese economy. The dollar is up one percent against the yen. Gold was down 0.1 percent at $1,247.05 per ounce after hitting a fiv... Read More

Daily Gold & Silver Market Report – 4/20/2016

SILVER SLIPS FROM 11 MONTH HIGH AS DOLLAR BOUNCES Silver and Gold fell from recent highs as the euro jumped 1 percent against the dollar. Gold was able to gain 0.7 percent however is still down from its peak of $1,270.10. Silver retreated from its peak of $17.70, its highest point in 11 months, yet is on track for its largest gain since January 2015 after breaking through key chart resistance. " 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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