Our Daily Gold & Silver
Market Reports

Morning Gold & Silver Market Report – 7/22/2011

DETAILS OF GREEK BAILOUT AND OBAMA’S DEBT-SHRINKING PLAN Details of the European Union’s bailout of Greece have emerged, and the package is being seen as stronger than expected.  Fitch Ratings said it will declare Greece to be in "restricted default,” however this was an expected consequence, according to EU leaders.  The deal is expected t... Read More

Closing Gold & Silver Market Report – 7/21/2011

EU REACHES BAILOUT AGREEMENT; US DOES NOT Gold traded lower today on news that European leaders have finally agreed on a plan to contain the sovereign-debt crisis.  However, Matt Zeman of Kingsview Financial in Chicago, comments, “The EU lacks credibility in a lot of investors’ minds…whether or not this debt deal gets done, the fact of the matter rema... Read More

Mid-Day Gold & Silver Market Report – 7/21/2011

CREDIT RATINGS LOOKING BLEAK Standard & Poor’s reiterated its position today that if the U.S. government misses its scheduled debt payments it could cut the U.S. credit rating as early as August. There is some tie-in to both raising the debt ceiling and balancing the budget that S&P needs to see to avoid that type of action. The trickle-down ef... Read More

Morning Gold & Silver Market Report – 7/21/2011

GREEK BAILOUT INCLUDES DEFAULT? The meeting between German Chancellor Angela Merkel and French President Nicolas Sarkozy brought about a “common position” regarding a second bailout for Greece.  European Union leaders meet today to discuss the matter further.  The euro has bounced all over the place since the news came ou... Read More

Closing Gold & Silver Market Report – 7/20/2011

Despite gold trading lower this morning, it has rallied to stay above the $1,600 mark.  Precious metals took a little dip today on news of President Obama pushing for a quicker deal on the debt ceiling.  However, with the seriousness of the situation combined with a struggling economy and rumors of QE3, people stayed close to the safe-haven inve... Read More

Mid-Day Gold & Silver Market Report – 7/20/2011

MORE PLANS, MORE PROBLEMS, GOLD RISING Congressional leaders are doing their best to come up with a strong enough compromise that will accommodate the need to increase the debt ceiling, while also balancing the budget. The main component is trying to accommodate two different plans in one fell swoop among a bipartisan C... Read More

Morning Gold & Silver Market Report – 7/20/2011

OPTIMISM ABOUNDS OVER DEBT CEILING, EUROZONE TALKS U.S. stock futures are trading higher and gold is down this morning thanks to renewed optimism regarding debt ceiling negotiations.  On an unrelated note, the “cut, cap, and balance” plan was passed by the House yesterday, but President Obama has already said he would veto thi... Read More

Closing Gold & Silver Market Report – 7/19/2011

GANG OF SIX AGREES TO CUT DEFICIT Gold dropped below $1,600 this afternoon as investors were more willing to take on risk in their investments. The commodity rallied in Asian trades, extending its recent upturn but flipped back later on. The euro gained with the help of some upbeat comments from European Central Bank President Jean Claude Trichet about the... Read More

Mid-Day Gold & Silver Market Report – 7/19/2011

GOLD STAYS ABOVE $1,600 AS U.S. STOCKS RISE Stocks in the U.S. have risen today based on both positive earnings results from a number of companies and an unexpected six month high in housing-market data. However, the market news wasn’t entirely sunny as Read More

Morning Gold & Silver Market Report – 7/19/2011

GOLD FLAT AS DEBT CEILING, EUROZONE ISSUES REMAIN The doors to compromise finally seem to be opening in debt ceiling negotiations.  More details have arisen about behind-the-scenes deals that are in the works.  The game of politics is still very much in play, but at least one deal is looking to give President Obama the power to raise the debt ceiling himself if the two sides cannot come to an a... Read More

Closing Gold & Silver Market Report – 7/18/2011

DEBT CEILING CLOCK TICKING, BACK UP PLANS EMERGE President Obama has threatened to veto a most recent proposal involving the U.S. debt limit ceiling as long as it includes balancing of budget is a requirement. With the August 2 deadline looming Congressional leaders are going to “…Stay in session every day, including Saturdays and Sund... Read More

Mid-Day Gold & Silver Market Report – 7/18/2011

GOLD RISES WHILE STOCKS DROP AMID CONTINUING DEBT FEARS U.S. stocks have seen a sharp drop in morning trading, primarily caused by the ongoing fears investors have over the failure by U.S. policymakers to raise the debt limit, as well as the uncertainty that still surrounds the debt crisis in Europe. Those same fears helped gold futures to Read More

Morning Gold & Silver Market Report – 7/18/2011

GOLD BREACHES $1,600 AS OPTIMISM IN U.S. AND GREECE SUBSIDES Gold breached the $1,600/oz. barrier earlier this morning amid fears of debt contagion in the eurozone and unsatisfying U.S. debt ceiling talks.  Silver rose above $40/oz. for the first time since the large run in late April.  An analyst at Forex.com explained, “Recently,... Read More

Closing Gold & Silver Market Report – 7/15/2011

ANOTHER ONE BITES THE DUST Precious metals are still going strong, with gold tallying a nine-session gain of almost $108, and a 3.2% gain for the week and silver knocks at the door of $40 an ounce.  Some experts are saying that the technical charts for gold based on past rallies see gold reaching $1,750 and ounce.  CitiFX’s chief technical... Read More

Mid-Day Gold & Silver Market Report – 7/15/2011

EURO BANKS FAIL STRESS TEST Fears abound that the Greek debt crisis is spreading to bigger countries such as Spain and Italy. As a repercussion, investors have been panicking and causing European bank shares to fall to a two-year-low. Eight European banks failed stress tests, while as many as 15 are needing more capital to withstand a prolonged recession. Wit... Read More

Morning Gold & Silver Market Report – 7/15/2011

MANUFACTURING DECLINES; S&P JOINS MOODY’S IN POTENTIAL DOWNGRADE The “Empire State” manufacturing gauge unexpectedly declined for a second month in a row, while the Labor Department reports that the core Consumer Price Index rose 0.3 per cent after a similar gain in May. This was above economists’ forecast of 0.2 per cent. Read More

Closing Gold & Silver Market Report – 7/14/2011

ANOTHER DAY CLOSER TO THE DEADLINE, NO PROGRESS TO REPORT – How many times can new agencies report that there’s no news to report on budget talks?  The most recent talks ended tensely, with both sides deeply entrenched in their ideologies.  President Obama told Republican lawmakers today “Don’t call my bluff,” alluding to his threats to veto any short term, stopgap bargain.  A group of ... Read More

Mid-Day Gold & Silver Market Report – 7/14/2011

MOODY’S PUTS THE PRESSURE ON DEBT LIMIT TALKS The decision by Moody’s Investors Services to review the United State’s Aaa credit rating for a possible downgrade is adding even more pressure to the already-tense debt limit discussions between President Obama and Republican leaders. Interests both in this country and overseas (most nota... Read More

Morning Gold & Silver Market Report – 7/14/2011

GOLD IN UNCHARTED TERRITORY YET AGAIN Gold is hovering above yesterday’s record-high close thanks to the fallout of Moody’s placing the U.S. bond rating on review.  Silver is also enjoying moderate gains of approximately 3%.  Yesterday’s Aden Report explained, “With one crisis following another, it’s not surprising that gold didn’t stay down long.  ... Read More

Closing Gold & Silver Market Report – 7/13/2011

MOODY’S PLACES U.S. BOND RATING ON REVIEW – Citing the “rising possibility” that political leaders in the U.S. won’t come to an agreement on raising the debt limit, Moody’s Investors Service has placed the AAA bond rating currently held by the U.S. on review for a possible downgrade. At the same time, discussions between GOP leaders and President Obama on rai... Read More

Mid-Day Gold & Silver Market Report – 7/13/2011

BERNANKE IMPLIES QE3 LIKELY Fed Chairman, Ben Bernanke, had a congressional hearing today and spoke about a number of different topics. The biggest component to his testimony, was the implication that QE3 is likely to occur. He said, "The possibility remains that the recent economic weakness may prove more persistent than expected and that deflationary risks might reemerge, implying a need for additional policy support." The economy is expected to grow “a... 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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