Our Daily Gold & Silver
Market Reports

Daily Gold & Silver Market Report – 8/3/2015

METALS CONTINUE SLIDE AS INVESTORS AWAIT ECONOMIC DATA Precious Metal prices slid Monday morning as the dollar steadied and continued pressuring the metal. As investors continue monitoring the economic environment, many look to Friday’s release of payroll data for more direction. A strong report could bolster speculation the U... Read More

Daily Gold & Silver Market Report – 7/31/2015

DOLLAR STRENGTH KEEPS GOLD AT SIXTH STRAIGHT WEEKLY FALL Gold is at its longest retreat in 16 years as the U.S. dollar is still firm and U.S. data is signaling an interest rate hike in September. July is also Gold’s biggest monthly decline in two years. “Gold is an asset that pays no interest or coupon and the rate hike is certainly putting pressure on prices... Read More

Daily Gold & Silver Market Report – 7/30/2015

GOLD FALLS AS DOLLAR RISES; CONSUMER SPENDING BOLSTERS SECOND QUARTER GROWTH Expectations for the Federal Reserve raising interest rates this year were supported by data released by the U.S. Commerce Department showing gross domestic product grew at a 2.3 percent annual rate in the second quarter. Spot Gold dropped 1.3 percent to a session low of $1,081.85 per ounce. Policymakers said the U.S. economy was “expanding moderately” and overcame the first quarter slowdo... Read More

Daily Gold & Silver Market Report – 7/29/2015

GOLD STABILIZES; FED STATES PLAN TO INCREASE RATES Gold remained stable Wednesday ahead of the Federal Reserve’s two-day policy meeting statement, when the market anticipates clues on plans to hike interest rates.  “(Gold) bounced from the low but we are little changed and waiting for the Fed's statement tonight and the second-q... Read More

Daily Gold & Silver Market Report – 7/27/2015

METALS GAIN AS CHINESE STOCKS STRUGGLES Precious Metals are gaining in early morning trading as Gold holds above the recent 5 1/2 year low. The Chinese stock market also experienced its biggest one-day loss since 2007. This news, along with investors continuing to focus on the U.S. interest rate, has continued pressuring metals.  Traders ... Read More

Daily Gold & Silver Market Report – 7/24/2015

GOLD  AT A 5 ½ YEAR LOW, DOLLAR HOLDS STEADY Gold is at a 5 ½ year low making analyst suspect that it could hit $1000 in a few weeks. "I think we see more of a downtrend particularly over the next couple of months ahead of the market speculation of a September rate hike in the U.S., so I think you can easily see prices over the next two months breaching below $1,000 round level," David Wilson, director of metals research and strategy at Citi, Read More

Daily Gold & Silver Market Report – 7/23/2015

GOLD BOUNCES BACK FROM 5 YEAR LOW; JOBLESS CLAIMS DROP TO 41 YEAR LOW Some investors took advantage of a retreat in the U.S. dollar and bought back into the market Thursday as Gold rose above the $1,100 per ounce mark. Gold posted its biggest one-day loss in the last two years and pushed past key levels. The expectations of the Federal Reserve raising interest rates this year could boost the cost of holding the non-yielding bullion and lend strength to the dollar. ... Read More

Daily Gold & Silver Market Report – 7/22/2015

METALS PRICES PRESSURED, LOOKING FOR SUPPORT Gold’s immense decline this week to a five-year low caught the attention of investors. The metal has been pressured recently due to the Federal Reserve’s plans to increase interest rates this year, which would create a stronger dollar. St. Louis Fed President James Bullard says there is a more than 50 percent chance the Fed will increase rates in September. Market analysts suggest the Gold price could increase after the Fed’s inte... Read More

Daily Gold & Silver Market Report – 7/20/2015

METALS ON DECLINE WITH CHINESE SELL OFF Precious Metal prices are on the decline, with Gold hitting a five-year low, as Chinese consumers offloaded metals overnight. A key contract traded on the Shanghai Gold Exchange contained nearly 3,000,000 lots and has been weighing on metals. In comparison, nearly 27,000 lots were traded Friday when Gold fell more than one pe... Read More

Daily Gold & Silver Market Report – 7/17/2015

DOLLAR UP, GOLD DOWN DESPITE CHINA’S GOLD HOLDINGS The dollar is looking for its biggest weekly rise since May, reinforced by data suggesting the U.S. will see an interest rate increase this year. The dollar is at a seven-week high against other major currencies like the euro. "The focus is turning to the U.S. rate cycle, and (the market reckons) a September rate hike is still, if not p... Read More

Daily Gold & Silver Market Report – 7/16/2015

METALS DOWN AS DOLLAR GAINS ON YELLEN COMMENTS After reaching a four-month low Thursday morning, Gold and other Precious Metals are relatively flat. Comments made Wednesday by Federal Reserve Chairwoman Janet Yellen reemphasized the Federal Reserve will likely raise interest rates this year for the first time in nearly a decade, which pushed the dollar to a six-week high pressured metals. Read More

Daily Gold & Silver Market Report – 7/15/2015

METALS AWAIT MARKET FACTORS; GREECE TRIES TO RESOLVE DEBT ISSUES Gold and Silver are stable Wednesday morning ahead of three key influences expected today. First, Federal Reserve Chair Janet Yellen’s congressional testimony is expected to reveal further news on an interest rate hike. Second, the Greek parliament’s vote on austerity measures will hopefully be the last step in reaching a bailout agreement. “ Read More

Daily Gold & Silver Market Report – 7/14/2015

METALS LOOK FOR DIRECTION AS RETAIL SALES DISAPPOINT Gold and Silver prices are looking for direction and haven’t seen much movement during morning trading hours. With Greece striking a bailout deal and much of the fear of them leaving the eurozone fading, many investors are focusing on the potential U.S. interest rate hike and its effect on the market.  Natixi... Read More

Daily Gold & Silver Market Report – 7/13/2015

METALS FLAT AS GREECE STRIKES DEAL Precious Metal prices are flat during morning trading hours. As Greece finally reached an agreement to repay their debt, the euro lost ground against the U.S. dollar. This, along with the notion the Federal Reserve is still on track to raise interest rates this year, has weighed on Gold and Silver, though the specifics of a rate hi... Read More

Daily Gold & Silver Market Report – 7/10/2015

GOLD RISES ON FALLING DOLLAR Gold rose slightly Friday, up 0.2 percent, as the euro gained on the dollar.  Greece’s effort to get funding for their debt halted Gold’s four-month low. Prices touched $1,146.75 per ounce Wednesday, their lowest since March 18 when the dollar benefited from weakness in the euro and a drop in Chinese stock markets. "Gold is getting some support from the stronger euro but Read More

Daily Gold & Silver Market Report – 7/9/2015

GOLD CLIMBS FROM 4 MONTH LOW; U.S. JOBLESS CLAIMS RISE TO HIGHEST LEVEL SINCE FEBRUARY Gold rose Thursday as minutes from the most recent Federal Reserve meeting gave a cautionary tone toward an interest rate hike. Mixed economic data both domestically and globally leave the central bank struggling with increasing interest rates.  “The Fed is certainly worried about the Chinese markets, and the massive... Read More

Daily Gold & Silver Market Report – 7/8/2015

PRECIOUS METALS REBOUND; U.S. STOCKS UNDERPERFORM Precious Metals prices were pressured Tuesday from the financial collapse of Greece along with the possibility of the country exiting the eurozone. Today, Gold and Silver are attempting to rebound as the U.S. dollar is weak due to European shares rising. The eurozone has given Greece until the end of this week to propose an extensive reform in exchange for loans t... Read More

Daily Gold & Silver Market Report – 7/6/2015

GOLD STALLED ON STRONG DOLLAR FOLLOWING GREEK VOTE Gold’s slight boost was derailed due to a robust dollar following the rejection of a bailout by Greek voters.  The yellow metal, usually seen as a haven in trying financial times, could not rally because the dollar gained on the euro. “There isn't the fear of a pan-European crisis, as was the case a few years ago, when you saw a rush to Gold, which was already in a bull market,” M... Read More

Daily Gold & Silver Market Report – 7/2/2015

GOLD RISES FROM 3-1/2 MONTH LOW; U.S. JOB GROWTH SLOWS, LABOR FORCE SHRINKS Gold rebounded from a 3-1/2 month low Thursday ahead of U.S. jobs data that could indicate timing of a Federal Reserve interest rate increase. The ongoing Greek debt crisis weakened the euro, helping the U.S. dollar hit a three week high against a basket of other currencies. “We don't ... Read More

Daily Gold & Silver Market Report – 7/1/2015

GREECE DEFAULTS ON $1.7B LOAN; INVESTORS EYE GOLD AS SAFE HAVEN On Tuesday, Greece became the first developed country to default on a loan from the International Monetary Fund. It’s still unknown if the eurozone will force Greece out of the European Union. At the last minute before defaulting, Greek Prime Minister Alexis Tsipras wrote a letter to the country’s creditors accepting their earlier terms with slight c... 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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