Our Daily Gold & Silver
Market Reports

Closing Gold & Silver Market Report – 12/12/2011

QE3 AT WHAT COST?     Gold prices closed at a seven-week low today as the optimism investors felt last week gave way to the more familiar feeling of anxiety about Europe’s debt crisis. Michael K. Smith of T&K Futures expressed the opinion that investors are saying, “ ‘All right, let’s just get out and wait till next year,’ ” pointing to th... Read More

Mid-Day Gold & Silver Market Report – 12/12/2011

MOODY’S DOESN’T HELP THE MOOD – Two weeks of solid gains in the stock market seem to be over as all major indices, as well as gold, are down today. Moody’s rating service is keeping an eye on the countries in the euro area, as is the rest of the world. They said today that they would be reviewing the ratings of those countries. Stanley Nabi, New York based vice chairman of Silvercrest Asset Management Group, was quoted in a phone interview saying, “ Read More

Morning Gold & Silver Market Report – 12/12/2012

GOLD, SILVER PRICES FALL ON STRENGTHENING DOLLAR    Last week, investors tried to be optimistic about the European summit deal. When official announcements were made Friday, markets tried to remain positive. But the lack of substance sunk in over the weekend, and confidence in the financial markets quickly began to wane. Britain made it clear that it want... Read More

Closing Gold & Silver Market Report – 12/9/2011

MORE WINNERS THAN LOSERS AFTER EU SUMMIT    Precious metals prices remained relatively steady through afternoon trading. The outlook brightened for Gold following the good news coming from Brussels, Belgium, after the latest EU summit, which is being considered a marginal success. The result of the summit seems to be a closer fiscal union and an agreement on new treaty provisions. “There is a greater correlation toward the end of the year as most co... Read More

Mid-Day Gold & Silver Market Report – 12/9/2011

GOLD IS SOLID ASSET      Precious metals prices were up and remained positive this morning. With Europe’s evolving debt crisis, investors are attracted to Gold as a way to safeguard their assets. One analyst said investors are acting on concern and fear by buying Gold. He claimed this is a direct respon... Read More

Morning Gold & Silver Market Report – 12/9/2011

NEW FISCAL EU IN THE WORKS    Not all the European Union countries are on board yet, but after overnight talks in Brussels, Belgium, 23 European nations (including all 17 eurozone members) are planning on a new intergovernmental treaty for fiscal discipline. This “fiscal compact” includes caps on Gross Domestic Product deficits, consequences for deficits exceeding 3% of GDP, addition... Read More

Closing Gold & Silver Market Report – 12/8/2011

ONE STEP FORWARD, TWO STEPS BACK AT EU SUMMIT    Precious metals prices stabilized through afternoon trading, maintaining the lows reported in the Mid-Day Market Report. The news started good this morning with European Central Bank (ECB) President Mario Draghi’s announcement of a cut in interest rates, but hopes were quickly tempered ... Read More

Mid-Day Gold & Silver Market Report – 12/8/2011

TIME NOT ON EUROPE’S SIDE Precious metals and U.S. stocks were down in morning trading. The market change resulted from the interest rate announcement from the European Central Bank (ECB). The market was hopefully awaiting the news that the ECB would begin to aggressively buy bonds. However, ECB President Mario Draghi announced the opposite. When bonds are purchased assertively, it pushes cash into the system, but this currently is not an option. The ECB has ... Read More

Morning Gold & Silver Market Report – 12/8/2011

CENTRAL BANKS’ GOLD PURCHASES MAY RISE BY 300% THIS YEAR     This week, news about the European Union is driving major market movement. Today is no exception, as we watch the reaction after the European Central Bank cut its key lending rate by a quarter-point, from 1.25% to 1%. What the long-term result will be is uncertain. But the knee-jerk reaction undoubtedly will cause a ripple in the markets. Still, tomorrow’s news might make today’s seem... Read More

Closing Gold & Silver Market Report – 12/7/2011

GERMANY RAINING ON PARADE; WHAT IS ISRAEL DOING? During afternoon trading, Gold has been relatively stable in price. In a note to investors, ANZ analysts wrote, “If European leaders manage to come up with a plan, we will likely see a relief rally in the euro, which will take Gold higher with it.”' Platinum continues to run at a discount to Gold over the past three months, which is the metal’s longest dis... Read More

Mid-Day Gold & Silver Market Report – 12/7/2011

EUROPE FEELING THE PRESSURE      Precious metals prices were holding firm since this morning, even though the market was concerned with whether European leaders will shore up the region’s debt issues at this Friday’s planned European Union summit. The stock market and the euro are down on reports that the European Stability Mechanism possibly might take control of the European rescue fund soon. RBC Wealth Management’s Philip Dow said, Read More

Morning Gold & Silver Market Report – 12/7/2011

NEXT STOP FOR GEITHNER: FRANCE Reports of positive economic news were enough to lift Wednesday’s stock futures. Investors are waiting on the results from Thursday’s European Central Bank meeting, in which the result is expected to be a lowering of interest rates. The big card on the table is the proposed new EU treaty that would include... Read More

Closing Gold & Silver Market Report – 12/6/2011

NEW EU “BAZOOKA” IN THE WORKS?     The Gold price stabilized throughout afternoon trading, approaching even trading for the day after volatility in the currencies market and technical selling. World markets seem to be taking a breath before the upcoming European Union financial meeting set to begin Friday. The prognosis for Gold looks appealing in this financial crisis. Analyst Michael Block, of Phoenix Partners Group, said, “It is going to be ... Read More

Mid-Day Gold & Silver Market Report – 12/6/2011

RECESSION MIGHT HIT EUROZONE SOONER THAN EXPECTED     Gold and silver prices were moving up from morning lows. Silver was in positive territory. The persistent negativity coming from Europe is the main factor pushing prices down recently. Georgette Boele, global head of FX and commodity strategy at ABN Amro, said, “We are also seeing a cutback on positioning because the year has been very volatile, and ... Read More

Morning Gold & Silver Market Report – 12/6/2011

OPTIMISM ABOUNDS, BUT SO DOES DOMINO EFFECT    Precious metals prices were slipping this morning due to worries over the European debt crisis. Gold, specifically, is still widely regarded as a safe-haven asset, though recently it has moved in line with other assets (such as stocks) as investors use the metal as an insurance policy. When inves... Read More

Closing Gold & Silver Market Report – 12/5/2011

S&P PLACES EUROZONE ON NOTICE; RUSSIANS PROTEST ELECTION The price of Gold fell for the day on technical selling. “We have seen Gold moving along in tandem with equities. However, it is way too early to say that Gold will lose its safe-haven status …,” said David Meger, director of metals trading at Vision Financial Markets. The prices are still correlated to what is going on in Europe. The other sho... Read More

Mid-Day Gold & Silver Market Report - 12/5/2011

FRANCE, GERMANY AGREE ON EURO TREATY; PLATINUM ORDER SEEN    Gold prices are down a bit since this morning. Gold most recently has traded by reacting inversely to the strength of the dollar, with the European crisis being in the headlines the past few weeks. CommerzBank stated, “Speculative financial investors are still showing reticence. … G... Read More

Morning Gold & Silver Market Report – 12/5/2011

GERMAN, FRENCH LEADERS TO ATTEMPT TO SOLVE EURO PUZZLE      The Gold price is dipping this morning as U.S. stock futures rise amid optimism regarding a resolution to the eurozone debt crisis. The focus mainly has remained on Europe recently, and this week looks to be no different, with a European Union summit on ta... Read More

Closing Gold & Silver Market Report – 12/2/2011

GOLD PRICES HOLD AS STOCKS GIVE UP EARLY GAINS      Gold prices maintained their morning gains, but the same was not true for the stock market. Stocks gained as much as 150 points, but gave back all of the gain by day’s end. It might be that Friday’s jobs report was not as positive as first viewed. The overall unemployment rate fell to 8.6%, but that might be explained by the number of pe... Read More

Mid-Day Gold & Silver Market Report – 12/2/2011

SOUTH KOREA INCREASES GOLD HOLDINGS; BRITAIN SPEAKS ON EURO SITUATION     Precious metals prices have pulled back from morning highs amid optimism in the U.S. economy. Internationally, for the second time this year, the Bank of Korea has increased its gold holdings, helping gold to its biggest weekly ga... Read More

Morning Gold & Silver Market Report – 12/2/2011

UNEMPLOYMENT RATE DROPS BELOW 9%      This morning’s jobs report shows 120,000 jobs were created in November. Although this falls just short of the anticipated number of 122,000, the jobless rate fell to 8.6%. Although part of this drop is attributed to those who have given up looking for jobs, it is the first time in several years the unemployment rate has been below 9%. ... Read More

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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