Our Daily Gold & Silver
Market Reports

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

Closing Gold & Silver Market Report – 12/1/2011

WILL FUTURE GENERATIONS KNOW EU?      Precious metals prices held strong for the day with the prospect of a growing monetary disaster. With global central banks coming together Wednesday to prevent a more severe financial crisis, investors might be considering an exit from riskier investments. Bank of Montreal strategy adviser Don Coxe said that Read More

Mid-Day Gold & Silver Market Report – 12/1/2011

SUPER COMMITTEE WORK MIGHT RESUME      The Gold price is down marginally since the Morning Gold & Silver Report, with the continued confusion on what is actually happening in the European debt crisis. In an interview with Money & Investing Editor Jonathan Burton from Market Watch, Adrian Day, president of investment ... Read More

Morning Gold & Silver Market Report – 12/1/2011

IN A FAST-PACED WORLD, FAST-PACED CHANGE Yesterday’s market rally was a breath of fresh air for both the equity markets and commodities such as gold. However, weak economic data from China and continual changes in the eurozone drama are pointing to a less robust day today. China saw their manufacturing sector contract shr... Read More

Closing Gold & Silver Market Report – 11/30/2011

GOLD REACHES TWO-WEEK HIGH; S&P SEES SHIFT IN ASIA’S FAVOR      Prices for Gold, Silver, Platinum, and Palladium all ended up for the day, with Gold reaching a two-week high and gaining for a third straight session. Gold’s boost comes from investors encouraged by plans from central banks around the world to cut costs on borrowi... Read More

Mid-Day Gold & Silver Market Report – 11/30/11

GOLD BUG HITS INVESTORS The Gold price has held steady since the Morning Gold & Silver Market Report. Analysts have made numerous predictions as to how Gold will perform in the future. In a CNBC interview, Jim Rogers, chairman at Rogers Holding, said, “I would suspect Gold will go much hig... Read More

Morning Gold & Silver Market Report – 11/30/2011

WORLD’S CENTRAL BANKS COOPERATE TO HELP ECONOMY        In early-morning trading, precious metals are gaining on good economic news. U.S. private-sector jobs grew by 206,000 for November, well above estimates. 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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