Our Daily Gold & Silver
Market Reports

Mid-Day Gold & Silver Market Report –5/27/2011

GOLD UP, DOLLAR DOWN – The US Dollar Index is down almost 0.9% at mid-day today, pushing gold prices up.  There have been many forces acting on the value of the dollar lately: Euro zone ... Read More

Morning Gold & Silver Market Report –5/27/2011

WHO LOSES BIG IF GREECE RESTRUCTURES? – There are many who even wonder why we should care if Greece defaults on their loans. So what if they can only pay back 50 cents on... Read More

Closing Gold & Silver Market Report – 5/26/2011

CHINA’S GOLD DEMAND TO RISE 22% THREE YEARS -  China is rapidly closing in on India, as the world’s largest consumer of gold. Although China is one of the leading producers of gold, they cannot produce near enough to satisfy their appetite. Gold production should reach 400 tonnes by 2014 with a gain of 19%, but still the demand will be for 700 tonnes. Read More

Mid-Day Gold & Silver Market Report – 5/26/2011

CROSSCURRENTS IN THE MARKET CREATE UNCERTAINTY FOR THE FUTURE – Aid from China might not be enough to keep Greece from economic meltdown. It appears unlikely that Greece will be able to meet its goal for trimming its budget deficit in 2011, and as a consequence, the IMF may not provide funds for the next round of aid packages. If Greece is allowed to default this may set a precedent f... Read More

Morning Gold & Silver Market Report – 5/26/2011

GDP & JOBS REPORT BOTH DISAPPOINT - The US GNP report just came out and the US economy grew less than expected in the 1st quarter…up only 1.8%. The weekly jobs report also was just released and once again, it made a surprise move upward, as it increased by 10,000 to 424,000. It was expected to come down to 405,000. Read More

Closing Gold & Silver Market Report – 5/25/2011

FINANCIAL INSTABILITY SUPPORTS GOLD – Gold’s attractiveness as a store of wealth continued to grow today.  The primary factors supporting gold are the ongoing debt concerns coming out of Greece and the ramifications they have on the rest of the euro zone.  Analysts at VTB capital in London said in a note to clients, “We think that gold will remain well supported in ... Read More

Mid-Day Gold & Silver Market Report – 5/25/2011

HEAVY NATO BOMBING IN TRIPOLI – For two nights in a row,  NATO forces have launched nightly bombing attacks against Gaddafi forces in Tripoli. President Obama has issued another warning to President Gaddafi that there will be “no let up” until he is gone. This conflict is now three-months old (much longer than expected) and although President Obama will not predict when Gaddafi will ... Read More

Morning Gold & Silver Report –5/25/2011

DEBT CRISIS DEBT CRISIS DEBT CRISIS - According to a poll by the Washington Post, Americans are far more worried by the overall growing US debt, than they are worried about whether Congress will raise the debt limit. When asked to express their big... Read More

Closing Gold & Silver Market Report – 5/24/2011

GOLD & SILVER RISE AS SAFE HAVEN INVESTMENT – All four precious metal prices are up and gold reached its best since May 3. It is worth pointing out that although silver went through a wild ride recently, gold did not experience the same turbul... Read More

Mid-Day Gold & Silver Report – May 24, 2011

CURRENCIES ON ROLLER COASTER SEND PEOPLE REACHING FOR GOLD Precious metals are rallying today on continued news of the Europe’s sovereign-debt crisis and the downgrading of Belgium and Italy. As of the last week, this news has driven the dollar up against the euro and kept the prices of metals steady. However, it seems that the severity of this news is starting to sink in with the population and they are realizing that even though the dollar was rising against a flailing euro, it s... Read More

Morning Gold & Silver Report – May 24, 2011

CHINESE CITIZENS BUYING GOLD IN RECORD AMOUNTS -  China bought more gold in the first quarter 2011, than the combined totals of the developed Western Nations. Demand in France, Germany and Switzerland increased triple-digits, yet China outpaced them all put together. The Chinese government made it legal to own gold in 2001 and since that time gold as an invest... Read More

Closing Gold & Silver Market Report – 5/23/2011

INVESTORS LOOK TO GOLD –  Gold showed its resilience vs. other commodities, proving its safe haven appeal, closing at nearly a two week high, while other metals were slightly off the mark.   Bart Melek, head of commodity Strategy with TD Bank Financial Group summed it up nicely when he said, “Gold is doing relatively well. This whole sovereign debt crisis will contin... Read More

Mid-Day Gold & Silver Market Report – 5/23/2011

VOLCANO ERUPTION DISPERSES NEW FEARS Precious metals stay steady while bombarded with conflicting news. Italy was downgraded, and while seemingly insignificant, this goes to show even further decay of Europe’s financial situation. As well as the fact that analysts at UniCredit downgraded the insurance sector and the basic-resources sector in Europe to neutral from ove... Read More

Mid-Day Gold & Silver Market Report – 5/23/2011

VOLCANO ERUPTION DISPERSES NEW FEARS Precious metals stay steady while bombarded with conflicting news. Italy was downgraded from an A+ to an A-, and while seemingly insignificant, this goes to show even further decay of Europe’s financial situation. As well as the fact that analysts at UniCredit downgraded the insurance sector and the basic-resources sector in Europe... Read More

Morning Gold & Silver Market Report – 5/23/2011

SPANISH ELECTIONS HEAP MORE CONCERN ON EUROPEAN DEBT CRISIS – IS ITALY NEXT? – Standard & Poor’s just cut its rating for Italy from neutral to negative. Fitch Ratings cut Greece once again on Friday. The Spanish Socialists Party suffered major losses in local elections, which is a clear signal that Spanish voters do not want austerity measures. All of these factors continue t... Read More

Closing Gold & Silver Market Report – 5/20/2011

GOLD STRONG, STOCKS WEAK ON VOLATILE DAY IN CURRENCIES MARKET – Gold finished the week strong on news of a downgrade of Greek debt by the ratings agency Fitch.  This news hit the euro hard, as it fell more than 1% today against the dollar.  Citigroup announced a belief that this breakout will start a downtrend for the euro, in which it may continue to s... Read More

Morning Gold & Silver Market Report – 5/20/2011

BAD ECONOMIC DATA = FED CONTINUING ULTRA-LOOSE POLICY? Gold and silver recovered quickly from early-morning losses, with gold eclipsing $1,500 and silver looking to hold over $35.  Prices are being supported by the dollar continuing its slide versus the euro.  Stocks are slightly lower this morning as investors are waiti... Read More

Closing Gold & Silver Market Report – 5/19/2011

CENTRAL BANKS SNAP UP METALS and take advantage of the current sell-offs, feeling prices will be supported by “the uncertainty over the US economy and the dollar, ongoing European sovereign debt concerns, global inflationary pressures and continued tensions in the Middle East and North Africa,” said the group’s managing director, Marcus Grubb, in an interview with CNBC. Grubb goes on to say, “ Read More

Mid-Day Gold & Silver Market Report – 5/19/2011

MORE SIGNS OF SLUGGISH GROWTH FOR THE US ECONOMY – There were several key economic reports that came out today, that indicate slower economic growth in the US. Factory activity in the Mid-Atlantic region grew slower than expected. A gauge of future economic activity (Philadelphia Fed Board), fell for the first time in nearly a year during April. There was an unexpected d... Read More

Morning Gold & Silver Market Report – 5/19/2011

JOBLESS CLAIMS DOWN; IMF CHIEF RESIGNS The weekly jobless claims report was released this morning, and showed an improvement from last week.  New jobless claims were at 409,000, down from 434,000, and about 11,000 better than forecast.  However, the four-week moving average, often seen as a better indicator of trends, increased to 439,000, which... Read More

Closing Gold & Silver Market Report – 5/18/2011

FULL-DAY RALLY HOLDS UP PRICES – It sounds eerily familiar to last month’s story, but gold and silver both saw modest gains today.  Silver led the rally gaining more than $1.50, while gold gained a respectable $16.40.  Inflation fears both here and abroad are bringing investors back to precious metals for their safe haven appeal.  Adding to the rally today was a weaker dollar.  Recently, the dollar has been gaining strength against the basket of six currencies its compa... 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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