Our Daily Gold & Silver
Market Reports

Closing Gold & Silver Market Report - 9/26/2011

Very Odd Day in the Marketplace – The U.S. Stock Market began the day off strong, then faded, then recovered, then faded and then boomed 200 points at the close, to finish above 11,000 for the day. Bond prices fell as stocks rose, all based on the hope that European leaders will commit some cash to bailout the European countries, who need to be bailed out. There has been n... Read More

Mid-Day Gold & Silver Market Report – 9/26/2011

Volatility is the Word for the Day! – Gold and silver prices have been moving in wide swings all morning, while continuing to trend down. Both gold and silver have traded in positive territory, but have since given up gains. Price movements have been dramatic. As dramatic as gold prices have been of late, an article by Jan Harvey in Reuter’s today points out that Read More

Morning Gold & Silver Market Report – 9/26/2011

Gold Prices Slide to $1,532 Overnight, But Have Since Rebounded Sharply – As investors continue to sell gold to cover other los... Read More

Closing Gold & Silver Market Report – 9/23/2011

Gold Plunges $100 Before Rebounding – Gold prices fell as fears mounted of a global recession and hope of a positive end to the Greek crisis waned. It would be fair to say a small dose of panic was injected as well. At one point, gold was down 6 percent. Silver futures closed down 18 percent. In the crunch for cash, precious metals became just another commodity... Read More

Mid-Day Gold & Silver Market Report – 9/23/2011

Hedge Funds Are Driving Down Gold Prices – Hedge funds are selling gold and this is the number one reason why gold prices are down. The big question: “Are they selling because they are no longer bullish on gold or are they selling because they need to raise cash quickly and gold is a highly liquid asset?” Hedge funds not only need to raise cash to cover margin calls, in turbulent times like these, redemption requests increase and this to... Read More

Morning Gold & Silver Market Report – 9/23/2011

Global Markets Continue to Fall, While Political Leaders Continue to Fiddle – As leaders around the globe continue to provide more talk than action, traders are selling whatever they can get their hands on. European stocks tried to rally overnight, on the promise from the G-20 that European parliaments would work over the next several weeks to come up with a way to increase the bailout fund to troubled euro-area banks. It... Read More

Closing Gold & Silver Market Report – 9/22/2011

Recession Fears Drive the DOW Down – The U.S. stock market extended its sell-off to four days, as it traded down 391 points. Today’s volume was extremely heavy, which may be an indication that traders fear more losses to come. Markets are down worldwide, as recessionary fears are global and not just in the U.S. Read More

Mid-Day Gold & Silver Market Report – 9/22/2011

Gold Prices are Bouncing Off Morning Lows – The U.S. Stock market is falling along with global equity markets around the world. The DOW is down over 400 points, as concerns grow over the state of the global economy. Gold and precious metal prices have been dragged down along with stock prices, although the very news driving stock prices... Read More

Morning Gold & Silver Market Report – 9/22/2011

GLOBAL SLOWDOWN BRINGS STOCKS AND METALS DOWN In overnight trading, precious metals steadily declined due to a strong U.S. dollar until early this morning, when they dropped sharply.  This is likely due to investors bracing for impact, as U.S. stock futures are pointing to a sharply lower open for Wall Street.  The economic outlook... Read More

Closing Gold & Silver Market Report – 9/21/2011

BERNANKE RESPONDS TO MARKET’S JITTERBUGS; DOES THE TWIST The much-anticipated, much-speculated announcement from the Federal Open Market Committee came this afternoon and confirmed what most analysts were predicting: A strategy known as “Operation Twist.”  Precious metals and stock markets are down following the announcement. Read More

Mid-Day Gold & Silver Market Report – 9/21/2011

FED STEPPING IN, GLOBAL ACTION NEEDED Prices have remained relatively steady since the Morning Gold & Silver Market Report. The relative evenness of prices is supported by news that new construction of homes fell, but Read More

Morning Gold & Silver Market Report – 9/21/2011

ALL EYES ON FOMC; BULLION VAULTS FULL In overnight trading, gold prices rose before falling to the current level on a stronger dollar.  U.S. stock futures are pointing to a positive open this morning for Wall Street, thanks to optimism that positive news for the market will emerge from the Federal Open Market Committee (FOMC) ... Read More

Closing Gold & Silver Market Report – 9/20/2011

IMF GIVES NOT SO NICE GLOBAL OUTLOOK; CENTRAL BANKS BUY UP GOLD Precious metals have done well today on the news of the negative global outlook that the International Monetary Fund (IMF) released, as well as Italy’s credit downgrade, and the lowest housing numbers since April. The IMF report stated that the global outlook for economic growth was for a “weak and bumpy expansion,” with which equate... Read More

Mid-Day Gold & Silver Market Report – 9/20/2011

GREECE LIKELY TO DEFAULT, BUT IS EURO BREAKUP ‘EXAGGERATED?’ In early-morning trading, both the stock market and the precious metals market are up moderately.  The movement in the metals market is thanks to a “move to safety,” as Tom Pawlicki of MF Global says, after S&P cut Italy’s sovereign debt rating.  Perhaps speaking not just of Italy, ... Read More

Morning Gold & Silver Market Report – 9/20/2011

S&P Cuts Italy’s Rating – Gold Prices Climb – Standard & Poor’s (S&P) cut Italy’s debt rating yesterday on concerns that the on going debt crisis will raise borrowing costs throughout the euro zone. This move surprised many and only puts more pressure on policymakers to lead. The chief commodity analyst at Oslo based SEB AB... Read More

Closing Gold & Silver Market Report – 9/19/2011

STOCKS PARE LOSSES AFTER GREEK CONFERENCE CALL; OBAMA UNVEILS DEFICIT PLAN Between the Mid-Day Gold & Silver Report and the posting of this report, precious metals prices have continued to slide, ending the day at a three-week low as investors cashed in their gold. Brien Lundin,... Read More

Mid-Day Gold & Silver Market Report – 9/19/2011

DOLLAR RISES, AS DO GREEK DEBT FEARS Since the Morning Gold & Silver Market Report, precious metals prices have tumbled, largely due to the rising value of the dollar and continued skepticism over a resolution of the debt situation in Greece. "Given ongoing problems in the eurozone and the financial s... Read More

Morning Gold & Silver Market Report – 9/19/2011

European Banks Become Net Buyers of Gold – Most of us know that central banks, as a whole, became net buyers of gold in 2010, thus reversing a 20-year pattern of net selling. Although this was true as an aggregate number, European banks were still net sellers of gold in 2010, but in 2011, they too have jumped on the bandwagon. European central banks have become net buyers ... Read More

Closing Gold & Silver Market Report – 9/16/2011

U.S. STOCKS CLOSED HIGHER FOR 5TH DAY IN A ROW Precious metals have settled since mid-day trading as two U.S. stock indexes continue to rise. Some have an optimistic look at the future of our world’s financial situation, thinking there is a seemingly simple solution to the current financial and political problems we are having.  Benjy Schwartz... Read More

Mid-Day Gold & Silver Market Report – 9/16/2011

EUROPE REBUFFS GEITHNER, PAYROLL DATA AROUSES CONCERNS Trading this morning has been relatively brisk based largely on concerns emanating from U.S. Treasury Secretary Timothy Geithner’s advice being relatively ignored by European Union (EU) financial ministers and payroll data causing at-home economic concerns to grow. Since the Morning Gold & Silver Market Report Read More

Morning Gold & Silver Market Report – 9/16/2011

GEITHNER WARNS OF DAMAGING ‘LOOSE TALK’ In overnight trading, gold was mostly down before turning to gains this morning.  European and Asian stocks were up, but U.S. stock futures on Wall Street (APMEX’s new home) are looking to open sharply down as 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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