Our Daily Gold & Silver
Market Reports

Closing Gold & Silver Market Report – 7/01/2011

JULY IS IN LIKE A BEAR FOR GOLD – The precious metals market saw losses across the board today as strong manufacturing data out of the U.S. and a positive sentiment from the EU on Greek debt encouraged investors to move into other investments.  Jim Steel, a metals analyst with HSBC in New York said, “It’s really in line with the overall commodity decline.”  Other commo... Read More

Mid-Day Gold & Silver Market Report – 7/1/2011

Precious metals are trading lower today, partially due to the release of the June ISM factory index increase to 55.3%, which eased fears of a double-dip recession.  GM posted a 10% jump in their June car sales.  But we are not out of the woods yet; the... Read More

Morning Gold & Silver Market Report – 7/1/2011

METALS DOWN AS INVESTORS AWAIT REPORTS Stock futures are flat while precious metals trade down as investors await a key manufacturing index’s release later this morning.  Analysts are expecting the Institute for Supply Management’s June manufacturing index to remain close to 53%. Morten Kongshaug of Danske Bank explained th... Read More

Closing Gold & Silver Market Report – 6/30/2011

GOLD CLOSES THE QUARTER ON A HIGH NOTE – Although these past few days have seen the metal retreat, for the quarter gold gained 4.4%.  In fact, gold gained 3.1% more than it did in the first quarter of the year.  So far this year, gold has been supported by geopolitical fears caused by uprising in North African and Middle Eastern countries, the natural disaster in Japan and the nuc... Read More

Mid-Day Gold & Silver Market Report – 6/30/2011

CHINA’S HAND IN THE COOKIE JAR; QE2 WORTH IT? In a report released today, it was announced why Treasury auction rules changed back in 2009. The Treasury Department changed their procedures then to allow for more transparency in the purchase of U.S. government debt through bond auctions. They handled the change dip... Read More

Morning Gold & Silver Market Report – 6/30/2011

JOBLESS CLAIMS FALL (BARELY); OBAMA CALLS FOR STIMULUS AND COMPLICATES DEBT TALKS The weekly jobless claims report was released this morning and showed a drop of 1,000 from last week.  Economists, who are constantly wrong on this subject, had expected a drop of 4,000.  The unemployment rate is one reason President O... Read More

Closing Gold & Silver Market Report – 6/29/2011

Precious metals continue to rally today on news of Greece’s parliament voting to push austerity measures and the ever-approaching U.S. debt ceiling.  Obama’s speech consisted of reiteration on the need to have both parties compromise and “get it done,” while emphasizing that both parties should be prepared to “take on their sacred cows” in the negotiation process. In spite of the fact t... Read More

Mid-Day Gold & Silver Market Report – 6/29/2011

BAILOUT SET FOR GREECE, IS U.S. NEXT? Greek Prime Minister George Papandreou was able to garner enough votes to pass the first part of the austerity plan for bailout by the EU. The vote means that the implantation, which is the second measure, should pass without issue. The margin of voting was actually quite a bit larger than the con... Read More

Morning Gold & Silver Market Report – 6/29/2011

DO OR DIE FOR GREECE, DOLLAR LOSING GLOBAL RESERVE STATUS Stock futures are trading higher this morning along with precious metals as the world awaits the big vote in Greece.  The Associated Press ... Read More

Closing Gold & Silver Market Report – 06/28/11

LAGARDE IS THE NEW HEAD OF THE IMF – It didn’t require a vote once the U.S. officially gave their support to Christine Lagarde.  She was selected by consensus to become the next Managing Director of the International Monetary Fund (IMF).  Lagarde has been quoted saying, “The IMF must be relevant, responsive, effective and legitimate to achieve stronger and sus... Read More

Mid-Day – Gold & Silver Market Report – 6/28/2011

GREECE IS THE WORD Greece continues to be a major news topic for the day. The Germans are backing the French plan for the rollover of Greek debt. Any plan for a rollover, however, requires credit rating agencies (Fitch, Moody’s, etc.) to not put Greece into a default status. The issue with this is that ... Read More

Morning Gold & Silver Market Report – 6/28/2011

AHEAD OF VOTE, IS EU THINKING OF PLAN B FOR GREECE? Following suit with oil, precious metals have rebounded this morning, possibly signaling an end to the selloff that started late last week.  Concern over the debt crisis in Greece is supporting demand for the safe-haven asset of gold.  Most analysts are ac... Read More

Closing Gold & Silver Market Report – 6/27/2011

GOLD ATTEMPTS TO HOLD $1500, HURT BY DEMAND FOR DOLLAR – Gold was down today, amid rising demand for the U.S. dollar.  The dollar rose in FOREX trading today on fears of the euro zone debt crisis.  A stronger dollar tends to push down on commodities, and gold is no exception.  Neither is oil, which dropped again.  A high oil price can weigh on the economy due h... Read More

Mid-Day Gold & Silver Market Report – 6/27/2011

U.S. BOND BUYING TO CONTINUE? WARRANT ISSUED FOR GADDAFI The Federal Reserve may continue to purchase Treasury bonds once QE2 comes to an end. The reinvestment into the bonds could pump as much as $300 billion towards the government debt without adding currency, or printing money to cover investment. The purchases are a means of support as Congress con... Read More

Morning Gold & Silver Market Report – 6/27/2011

CAN OBAMA RESTART DEBT CEILING TALKS? U.S. stock futures are holding on to mild gains this morning amid the release of consumer spending data, which remained flat and is the weakest in almost a year.  The dollar has recovered against the euro, which caused gold to give up its very modest early-morning gain... Read More

Closing Gold & Silver Market Report – 6/24/2011

IS THERE NOW A FEAR OF DEFLATION? Precious metals continue to trade lower today as a result of continued selloffs due to the markets being lower and on continued news of geopolitical turmoil. Treasury yields fall to a 2011 low on worries of the European debt crisis and Read More

Mid-Day Gold & Silver Market Report – 6/24/2011

SELLOFF CONTINUES; WILL AUSTERITY EVEN MATTER IN GREECE? Gold prices are down again today amid “merely follow-through selling after yesterday’s strong drop,” says Brien Lundin with the Gold Newsletter.  For the second day in a row, most stock prices are down as well as gold, going against the historically negative correlation the two share.&... Read More

Morning Gold & Silver Market Report – 6/24/2011

CONGRESSIONAL IMPASSE, DEADLINE LOOMING Vice President Joe Biden has been leading a small group of Democrats and Republicans in an initiative to come to a bi-partisan agreement on raising the U.S. debt limit by August 2. It appears any chance of an agreement broke down on Thursday, when Republicans walked out on the budget talks. The group quit unexpectedly over what the... Read More

Closing Gold & Silver Market Report – 6/23/2011

GREECE’S AUSTERITY PLAN APROVED, BAILOUT IMMINENT – The IMF and EU approved Greece’s plan for proposed austerity measures this afternoon, which opens the door for an emergency bailout to aid Greece’s bankrupt government.  The austerity package is comprised of a mixture of tax increases and cuts in spending.  The measure still has to be approved by the Greek parliament, where ... Read More

Mid-Day Gold & Silver Market Report – 6/23/2011

STOCKS, OIL, GOLD ALL DOWN AS INVESTORS COVER LOSSES The markets are all sharing a down day, with oil down 5%, gold 2%, and stocks down significantly as well.  The story with oil is that International Energy Agency (IEA) has released 60 million barrels to make up for lost production in Libya.  For gold, the markets are seeing a selloff in order to co... Read More

Morning Gold & Silver Market Report – 6/23/2011

JOBS REPORT = BROKEN RECORD, APMEX CEO ON CNBC The U.S. stock market was already heading for a weak opening, and this morning’s jobs report may support further declines. Once again the numbers are disappointing, as initial claims for state unemployment benefits rose by 9,000 when they were expected to drop by 1,000. The number now sits at 429,000. Federal Reserve Chairman, Ben Bernanke gave no cl... 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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