Our Daily Gold & Silver
Market Reports

Mid-Day Gold & Silver Market Report – 11/29/2011

EUROPE NOT ON THE BACK BURNER YET The Gold price is up slightly since the Morning Gold & Silver Market Report, with the European debt crisis and domestic credit issues still raging in the news. Gold is known to be a volatile and liquid asset. James Moore, a research analyst at FastMarkets.com, said, “ Read More

Morning Gold & Silver Market Report – 11/29/2011

EUROPE IS BAD, BUT SO IS U.S.; ANALYSTS STILL LOVE GOLD Gold prices have risen after an overnight dip, and stock futures have pulled back slightly from early gains.  The stock market is rising mainly based on hopes that European leaders will be able to solve the debt problem in the region.  After a bond sale, Italy’s borrowi... Read More

Closing Gold & Silver Market Report – 11/28/2011

WILL INFLATION PUSH GOLD OVER $2,000? Precious metals prices have held steady this afternoon as the dollar grew weaker on the hope that the euro would be saved by a stronger fiscal union needed to avoid a debt crisis. Sharing his opinion of the recent moves in gold, Oliver Purshce, co-portfolio manager of the GMG Defensive Beta Fund, said, “Great retail U.S. news; you’ve got some positive momentum out of Europe; to a certain extent there is a little bit of short co... Read More

Mid-Day Gold & Silver Market Report – 11/28/2011

GOLD HOLDS ON TO GAINS IN MORNING TRADING Gold, which posted big gains in overnight trading, held on to most of the climb it made, although prices did slip slightly. Silver is higher since this morning’s Market Report, having posted an increase of more than 3.5%. Platinum and palladium prices also are up today, although the gold price is still higher than platinum’s, a pattern rarely seen in markets lately. Although stock markets are higher today, fear surr... Read More

Morning Gold & Silver Market Report – 11/28/2011

PRECIOUS METAL PRICES ARE RISING THIS MORNING Precious metals prices, along with the world equity markets, are all rising this morning on rumors coming out of the European debt crisis. Read More

Closing Gold & Silver Market Report – 11/23/2011

EUROPEAN COMMISSION REQUESTS EUROBONDS TO BE BACKED BY GOLD Precious metals have remained steady from earlier trading as we head into Thanksgiving.  News of the German bonds have put an even more negative light on the situation in Europe and stocks tumbled as a result.  Chinese manufacturing activity was down in November, its lowest in 32 months Read More

Mid-Day Gold & Silver Market Report – 11/23/2011

THE FEAR OF EUROPEAN COLLAPSE REARS ITS HEAD Precious metals prices are on the rise since the Morning Gold and Silver Market Report, heavily due to the continued debt crisis in Europe returning to the spotlight. The focus for now has been lifted off of the U.S. cutting its deficit. The global turmoil has caused a rush to cash positions or bonds, wit... Read More

Morning Gold & Silver Market Report – 11/23/2011

GOLD’S BULLISH FACTORS REMAIN; FRANCE, GERMANY CLASH Gold prices are dipping this morning along with the euro as a result of the latest developments in the European debt crisis. The U.S. dollar’s rise has limited the effect of the safe-haven buying of gold, which is still very much intact. Gold prices are down just 1% in November after last week’s heavy selling. Credit Agricole analyst Robin Bhar said, “We’r... Read More

Closing Gold & Silver Market Report – 11/22/2011

GOLD & SILVER PRICES RISE IN RESPONSE TO GDP NEWS; EUROZONE FUNDING DEMANDS HIT TWO-YEAR HIGH Since the Mid-Day Gold & Silver Market Report, gold and silver prices have dropped slightly, but have experienced a strong day overall with gold again topping $1,700. The price of platinum has remained stable, while the price for palladium has increased since noon. ... Read More

Mid-Day Gold & Silver Market Report – 11/22/2011

AMERICANS COULD BE LEFT WITH LESS AFTER SUPER COMMITTEE FAILURE Gold has steadily gained in morning trading, thanks to the U.S. economy taking hits from the third-quarter growth rate being revised downward and the failure of the congressional Super Committee to come to an agreement on reducing the budget deficit. Sterling Smith, an analyst at Country Hedging Inc., said, “ Read More

Morning Gold & Silver Market Report – 11/22/2011

GDP GROWTH REVISED DOWNWARD; U.S. RECOVERY IN DOUBT? In overnight trading and since the Closing Gold & Silver Market Report, precious metals prices have rallied to some extent, but the safe-haven appeal of gold seems to be on the rise due to the failure of the congressional Super Committee and the most recent news that Gross Domestic Product (GDP) data for the t... Read More

Closing Gold & Silver Market Report – 11/21/2011

NO DEAL ON SPENDING CUTS COULD LEAD TO FURTHER LOSSES & DOWNGRADES Gold and silver have bounced off of their lows for the day, but still have posted significant drops today, following the announcement by members of the congressional super committee that no deal would be reached by Wednesday’s deadline.  Gold was pushed down, in part, by a stronger dol... Read More

Mid-Day Gold & Silver Market Report – 11/21/2011

LACK OF RESOLUTION HURTS MARKETS; NUCLEAR CONCERNS RISE Precious metals prices have declined since the Morning Gold & Silver Market Report. This is primarily a move to cash by investors based on much uncertainty in the markets, globally and domestically. Despite the drop in prices, strategists including Anne-Laura Tremblay of BNP Paribas say the Read More

Morning Gold & Silver Market Report – 11/21/2011

CENTRAL BANKS BUYING MORE GOLD; SUPER COMMITTEE DEFEATED Gold is trading lower than Friday’s close this morning, as U.S. stocks are bracing for a steep drop. The focus on Europe will likely shift to the mounting debt issues in the U.S. this week, as the congressional Super Committee faces a deadline Wednesday. The bi-partisan committee will need t... Read More

Closing Gold & Silver Market Report – 11/18/2011

SUPER COMMITTEE TALK NEAR COLLAPSE; GOLD ENDS THE DAY UP Gold prices ended the day with a modest rise, in contrast to losses seen in the previous two sessions, as investors turned to the precious metal at the end of the day. Broker and futures analyst Frank Lesh of FuturePath Trading said support for gold is coming from “safe-haven buying ahead of the weekend.” Pri... Read More

Mid-Day Gold & Silver Market Report – 11/18/2011

WILL THIS BE THE LOST DECADE OF EUROPE? Precious metals are steady so far today on conflicting news of global and local economies.  The stepping in of the European Central Bank to buy Italian and Spanish debt  went a long way to ease fears of further recession and stocks both in Europe and the U.S. were up slightly on the news. It also helped boost... Read More

Morning Gold & Silver Market Report – 11/18/2011

GOLD PRICES MOVING UP ON DECLINING DOLLAR Gold prices suffered a 3% decline yesterday, and Silver, Platinum and Palladium prices showed sharp drops, as well. Although there is little actual news coming out of the European debt crisis, there are plenty of opinions as to how this will unfold. Yesterday, the winds were pessimistic, so the Gold and equity markets suffered. Gold’s decline largely was due to the weakening of the euro, which triggered a strengthening of the U.S. do... Read More

Closing Gold & Silver Market Report – 11/17/2011

EUROPEAN CONCERNS CONTINUE TO WEIGH ON MARKETS Precious metals prices have remained steady since declining sharply in early trading. The Dow market experienced another triple-digit loss, while the NASDAQ was down almost 2%. Gold and silver prices dropped today as a reaction to the equity market decline, as investors covered margins. European debt concerns flared, driving down the value of the euro and thus increasing the value of the U.S. dollar.This also put downw... Read More

Mid-Day Gold & Silver Market Report – 11/17/2011

GOLD SERVING PURPOSE IN SHORING UP LOSSES Gold has dipped since the Morning Gold & Silver Market Report due to the ongoing debt crisis in Europe and the effect the crisis is having on stocks. Marcus Grubb of the World Gold Council said that with the debt crisis lingering, “investors move out of risky assets, they move out of equities, they move into short-dated bonds and into cash, Read More

Morning Gold & Silver Market Report – 11/17/2011

CENTRAL BANKS’ GOLD DEMAND WAY UP IN THIRD QUARTER According to a quarterly report just released by the World Gold Council, central banks have purchased more gold in the third quarter than they have in decades. Although the council cannot reveal the details regarding these purchases, it did say a “slew of new entrants emerged wishin... Read More

Closing Gold & Silver Market Report – 11/16/2011

U.S. STOCKS TAKE SHARP LOSSES; FED OFFICIAL WARNS OF LONG RECOVERY Since the Mid-Day Gold & Silver Market Report, prices of all four precious metals have slid. Matt Zeman, a senior market strategist with Kingsview Financial, said the low volumes were a result of traders gearing up for this weekend a... 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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