Our Daily Gold & Silver
Market Reports

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

Daily Gold & Silver Market Report – 4/18/2016

METALS GAIN AFTER DISAPPOINTING OIL PRODUCERS MEETING Precious Metal prices steadied and are trading relatively flat during Monday afternoon trading hours.  Many investors expected a Sunday meeting of top oil producers to result in an agreement to freeze crude oil output production.  However, that agreement did not take p... Read More

Daily Gold & Silver Market Report – 4/15/2016

GOLD STRENGTH DIMMED BY STRONGER DOLLAR, OIL PRODUCTION MEETING Gold spot is up Friday, holding near $1,230 per ounce, but is on track for a slight weekly loss on a strengthened dollar. Currency trading impacted the dollar but the Gold price was more affected by market conditions and a looming oil production meeting. If upcoming data from April’s New York manufacturing report is positive, Gold may drop, but at a slower pace. “ Read More

Daily Gold & Silver Market Report – 4/14/2016

GOLD RETREATS AS DOLLAR GAINS; WALL ST. FLAT AFTER BANK EARNINGS, ECONOMIC DATA The U.S. dollar rallied Thursday to its largest gain in the past month on continued uncertainty of the U.S. monetary policy. After having its best quarterly growth in the past 30 years, Gold prices slipped as expectations of the Federal Reserve raising rates multiple times this year paused. "Trad... Read More

Daily Gold & Silver Market Report – 4/13/2016

GOLD’S NEXT MOVE; BIG BANK STRATEGIES FOR BANKRUPTCY EXPOSED Gold is slightly down Wednesday on a strengthened U.S. dollar along with a better-than-expected reading on Chinese exports supporting global stocks.  “Gold looked great driving up toward $1,264 [per ounce], but its failure there and retreat back toward $1,254 looks ominous, as it appears to ... Read More

Daily Gold & Silver Market Report – 4/11/2016

METALS CONTINUE RISE AS GLOBAL MARKETS STRUGGLE Precious Metal prices are off to a strong start this week, gaining rapidly during Monday morning trading hours.  After seeing steady growth to start the year due to a slowing global economy and central banks still figuring things out, Gold reached its highest point since mid-March and many analysts think the metal will break the $1,300 per ounce mark sooner than later.  Commerzbank analyst Daniel Briesemann said, “ Read More

Daily Gold & Silver Market Report – 4/8/2016

NOT A BUBBLE ECONOMY, RATE HIKES WILL GRADUALLY CONTINUE The U.S. economy is on track for further interest rate hikes. Federal Reserve Chair Janet Yellen said, that the U.S. labor market was close to full strength. "The U.S. economy has continued to progress in a satisfactory way. We continue to see good job performance, some evidence of inflation moving up, so that was our expectation when we raised rates in December," Read More

Daily Gold & Silver Market Report – 4/7/2016

GOLD GAINS AS FED REMAINS CAUTIOUS; WALL STREET SLIPS ON GLOBAL CONCERNS Policymakers maintained a cautious course regarding increasing interest rates, according to minutes from the Federal Reserve’s March meeting. Gold was able to gain two percent Thursday as global shares dropped and the U.S. dollar hit a new low against the Japanese yen, which led investors to seek safe-haven assets.  The Precious Metal rallied 16 percent in March yet gave up overall gains ... Read More

Daily Gold & Silver Market Report – 4/6/2016

FED MINUTES RELEASED TODAY; OIL PRICES JUMP Precious Metals are slightly down Wednesday morning ahead of the Federal Reserve’s meeting minutes, released this afternoon.  The report is expected to provide insight to how the Fed plans to approach interest rates hikes this year. “As Fed Chair [Janet] Yellen already pointed out in the press conference [following the March rate meeting], they are likely to stress the risks to the global economy and confirm th... Read More

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

METALS LOOKING FOR DIRECTION AS FED MINUTES LOOM Precious Metals are off to a slow start, trading lower since markets opened Monday morning.  U.S. economic data released Monday showing better-than-expected labor market numbers provided small pressure on metals and sparked investor appetite for riskier assets.  With glob... Read More

Daily Gold & Silver Market Report – 3/31/2016

GOLD HEADS FOR BIGGEST QUARTERLY RISE IN NEARLY 30 YEARS; U.S. JOBS MARKET FIRMING, MANUFACTURING REGAINING FOOTING Expectations of an interest rate increase have eased for now and have helped spot Gold rise 1 percent Thursday as the dollar hit a five month low against the euro. Comments from Fed Chair Janet Yellen on Tuesday that the central bank should proceed cautiously in increasing rates gave Gold another chance to rally. " Read More

Daily Gold & Silver Market Report – 3/30/2016

EUROPE PROJECTED TO INCREASE GOLD HOLDINGS; INTEREST RATES COULD RISE IN JUNE European investors could see an unexpected change as Precious Metals experts forecast heavier Gold demand in Europe with negative interest rates, making it less desirable to deposit money into a bank account.  "Although Gold is very much driven by U.S. Federal Reserve (Fed) policy, th... Read More

Daily Gold & Silver Market Report – 3/28/2016

METALS GET BOOST, DOLLAR LOSES GROUND AHEAD OF FED STATEMENT Precious Metals are flat during Monday morning trading hours as investors return from the holiday weekend. Comments due Tuesday from Federal Reserve Chair Janet Yellen will be closely monitored for further indication on timing of possible interest rate hikes.... Read More
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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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