Our Daily Gold & Silver
Market Reports

Closing Gold & Silver Market Report – 8/11/2011

TRADERS OPTIMISTIC AS JOBS DATA PROVIDES A GLIMMER OF HOPE – In another rollercoaster day, stocks have closed significantly higher while gold and silver are down slightly.  The jobless data, released this morning, helped to ease some fears that the U.S. was headed over the cliff of a double-dip recession.  The report showed initial unemployment claims to state agencies wer... Read More

Mid-Day Gold & Silver Market Report – 8/11/2011

STOCKS ARE UP – GOLD TAKES A STEP BACK Gold and silver are trading down today while the stock market is staging a small recovery.  Treasury prices are falling, with yields rising from near-record lows while traders look to stocks for riskier assets after the rally.  Read More

Morning Gold & Silver Market Report – 8/11/2011

JOBLESS CLAIMS DIP BUT U.S. TRADE DEFICIT WIDENS New U.S. claims for unemployment benefits dropped by 7,000, thus reaching a four month low. This was a better than expected result as expectations were for a slight upswing in benefits claims. The current seasonally adjusted total is 395,000. The four-week moving average for claims, which is considered to be the most important measure, dropped 3,250 to 405,00... Read More

Closing Gold & Silver Market Report – 8/10/2011

U.S. STOCKS FALL AMID EUROPEAN DEBT WORRIES; GOLD PRICES CONTINUE TO BREAK RECORDS Stocks in the U.S. fell to their lowest level in nearly a year as a result of general concerns about the overall global economy and specific concerns that the European sovereign-debt crisis won’t be adequately contained. The Dow closed with a 4.6% (520-point) drop, and the ... Read More

Mid-Day Gold & Silver Market Report – 8/10/2011

MARKETS’ OUTLOOK WORSENS The stock market has taken a downward turn, erasing the gains of yesterday, largely due to the relatively negative information coming out regarding France’s Societe General. Societe General is viewed as the largest bank in France and has seen a 21% decline. Bank of America and other large financial institutions are feeling the stock market pinch. ... Read More

Morning Gold & Silver Market Report – 8/10/2011

DOES YESTERDAY’S FED STATEMENT MAKE QE3 MORE LIKELY? According to Goldman Sachs, the answer would be yes. In a statement yesterday, chief economist at Goldman, Jan Hatzius said, "we now see a greater-than-even chance that the FOMC will resume quantitative easing later this year or in early 2012. We have changed our call beca... Read More

Closing Gold & Silver Market Report – 8/9/2011

STOCKS RECOVER FROM YESTERDAY’S SELLOFF BUT BERNANAKE SAYS ECONOMY IS AT RISK – Stocks rose sharply today, recovering much of yesterday’s losses.  Gold held steady, still viewed by many as a safe haven asset in times of volatility.  The big news of the day was the release of the report from the Federal Open Markets Committee, a decision-making pan... Read More

Mid-Day Gold & Silver Market Report – 8/9/2011

FED MAY HAVE A LOT TO SAY TODAY The stock market is rebounding on the hope the Federal Reserve will come out with measures to help buoy the current economic condition facing the United States. The meeting is set for later this afternoon (2:15 pm ET) and speculation is mounting that Chairman Ben Bernanke may announce steps to ramp up g... Read More

Morning Gold & Silver Market Report – 8/9/2011

FOMC MEETING TO BRING NEWS OF QE3? U.S. stock futures are pointing to big gains this morning, a day after the 6th-worst drop in the Dow in history.  All eyes are once again on the Fed Open Markets Committee meeting today, as investors await news of another round of quantitative easing.  The FOMC meeting was originally not... Read More

Closing Gold & Silver Market Report – 8/8/11

DOW GIVES UP 634 POINTS – GOLD PRICES SOAR The U.S. stock market plunged today, fueling speculation that the Fed is going to be pressured to take action. This was the worst day since the credit crisis began last Monday and sent the Dow below 11,000. Few expect that the Fed would engage in another round of bond buying, (although it is an option), but they could choose to re-invest proceeds from maturing bonds into ... Read More

Mid–Day Gold & Silver Market Report – 8/8/2011

GOLD CLEARS $1700 AS EQUITY MARKETS SINK Gold prices are surging nearly 3%, as the U.S. Stock market heads the opposite direction. Gold prices continue to climb on the debt fears not only facing the U.S., but in the euro zone as well. The European Central Bank’s (ECB) move to purchase Italian and Spanish bonds has not calmed the markets. “Investors are looking upon the ECB bond-buying as the first steps towards th... Read More

Morning Gold & Silver Market Report – 8/8/2011

FRIDAY NIGHT’S NEWS ROCKS GLOBAL MARKETS After nearly 4 months on CreditWatch Negative, the sovereign credit rating of the U.S. was downgraded by Standard and Poor’s (S&P) late Friday night. Citing political bickering and an insufficient plan to stabilize the economy, the U.S. credit rating was changed to ‘AA+’ from the top-notch ‘AAA’ for the first time in history. S&P was the only one of the three major c... Read More

Closing Gold & Silver Market Report – 8/5/2011

DOLLAR FALLS AGAINST THE EURO; WALL STREET ENDS WORST WEEK SINCE 2008 Media reports out today that the European Central Bank (ECB) plans start purchasing Italian bonds caused the dollar to fall against the euro in trading this afternoon. Other currencies including the franc (Switzerland) and the yen (Japan) also outperformed the dollar as fears about the state of t... Read More

Mid-Day Gold & Silver Market Report – 8/5/2011

POLITICIANS TAKING HEAT FOR DOWNTURNED GLOBAL ECONOMY The root cause of global market conditions is seen by a number of economists as a direct failure of politicians, globally, to tackle their excessive sovereign debt problems. George Magnus, Senior Economic Adviser at UBS in London, said, "People have just become spooked by a crass failure of political leadership…Th... Read More

Morning Gold & Silver Market Report – 8/5/2011

PAYROLLS DATA EASES FEARS, BRINGS SUPPORT TO STOCK MARKET The highly anticipated payrolls report was released this morning, and it showed an increase of 117,000 jobs in July.  The unemployment rate fell .1% to 9.1%.  These numbers were better than expected, finally Read More

Closing Gold & Silver Market Report – 8/4/2011

STOCKS PLUMMET IN MASSIVE MARKET CORRECTION; RECESSION FEARS GROW In what is being called a “full-fledged correction,” stocks plummeted today as a stock market selloff the likes of which hasn’t been seen since the recession in 2009 took place. Investor fears about both the possibility of an imminent recession and the ongoing debt crisis in Europe resulted in a 4.31% drop in the Dow, a 4.... Read More

Mid-Day Gold & Silver Market Report – 8/4/2011

MARGINAL IMPROVEMENT IN JOBS DATA FUELS RECESSION TALK The main concern of economists regarding the jobless claims data is the proximity to the 400,000 range. There does not appear to be any good economic news that would lead them to think there would be a major drop in benefits claims. The downward trend is a step in the right direction, just not... Read More

Morning Gold & Silver Market Report – 8/4/2011

IS WALL STREET SIGNALING A NEW RECESSION? Stock futures are down this morning, and have remained so after the jobless claims report was released.  The report showed a drop in new claims, albeit a small drop, and the four-week moving average fell to its lowest level since April.  Gold and silver are both holding on to gains, gold near a record hi... Read More

Closing Gold & Silver Market Report – 8/3/2011

U.S. CREDIT RATING DOWNGRADES STILL POSSIBLE; GOLD CONTINUES RECORD TRADING Yesterday’s successful passage in Washington of a measure to increase the federal debt limit hasn’t eliminated fears that the U.S. could see a downgrade of its coveted AAA credit rating. Although Moody's Investors Service has said that they Read More

Mid-Day Gold & Silver Market Report – 8/3/2011

SURE A DEBT DEAL IS DONE, BUT… The service sector data, released earlier today put the fear of global recession on the table. World stock markets are taking tremendous hits. The disappointing data is not only U.S.-based, as it also includes Asia and Europe. According to Tom Porcelli, a U.S. Economist at RBC Capital Markets in New York, "Like (with) m... Read More

Morning Gold & Silver Market Report – 8/3/2011

TWO RATINGS AGENCIES KEEP U.S. AT AAA RATING WITH WARNINGS Credit ratings agencies Moody’s and Fitch have said that the U.S. sovereign debt rating will remain unchanged, but both companies said that a downgrade could still come in the future.  Moody’s placed the U.S. rating on a negative outlook, and gave warnings as to what would cause a downgrade.  One of the potential reasons for downgrade ... 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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