Our Daily Gold & Silver
Market Reports

Morning Gold & Silver Market Report – 7/27/2011

GOLD RISES AS DEBT CEILING STUMBLES Gold prices surged to another new high overnight, as investors seeking to protect their wealth against the possibility of a U.S. debt default sought the safe haven of gold. Silver prices have continued to rise as well and are now at their highest prices since May. Although the consensu... Read More

Closing Gold & Silver Market Report – 7/26/2011

GOLD RISES FOR THIRD STRAIGHT DAY AS STALEMATE CONTINUES In the continuing trend of reporters having nothing to report, the debt stalemate in Washington has continued for another day.  With the possibility of default less than one week away, tensions are running high as the world watches and waits for something – anything - to happen. Gold prices have rises throughout the stalemate, and have hit new highs in the last few days.  Read More

Mid-Day Gold & Silver Market Report – 7/26/2011

COMPROMISE, TOO MUCH TO ASK? Competing plans for the U.S. debt crisis have both Republicans and Democrats focused on finding support votes for those plans. Leaders in the Senate and the House differ on whether to use a plan that proposes a short-term solution that would see another debt limit battle next year, or whether... Read More

Morning Gold & Silver Market Report – 7/26/2011

OBAMA, GOP STILL FAR OFF ON DEBT CEILING DEAL Last night’s televised speech by President Obama clearly showed that the two sides are still no closer to an agreement that would allow the U.S. to raise the debt ceiling in order to avoid what most analysts describe as a devastating default. "For the first time in history, our country's triple-A credit rating ... Read More

Closing Gold & Silver Market Report – 7/25/2011

IN THIS STATE OF CONFUSION, TODAY’S GOLD PRICES CONTINUE TO RISE Precious metals are continuing to rise today while the debt ceiling debates still swirl about with no resolution in sight. In a report from GoldCore, “An eleventh-hour solution is expected before next Tuesday’s August 2 deadline, when the U.S. Treasury has said that it would not be able to borrow any more funds.  At the same time, Read More

Mid-Day Gold & Silver Market Report – 7/25/2011

WORLD WATCHING DEBT CEILING TALKS Worldwide financial leaders remain hopeful and secure that U.S. lawmakers will come through on their debt impasse compromise. The majority of countries believe the U.S. will come to an agreement, but view the combination of a raise to the debt ceiling and a ‘wait and see approach’ to balancing the budget to accommodate tha... Read More

Morning Gold & Silver Market Report – 7/25/2011

GOLD, U.S. DOLLAR HIT NEW RECORDS ON DIFFERENT ENDS Gold spot price set an all-time record overnight, reaching $1,624.07 before settling back somewhat in morning trading. U.S. lawmakers had signaled that an agreement on the debt ceiling deal would be forthcoming before the opening of the Asian marke... Read More

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

CUT, CAP AND BALANCE BILL REJECTED As expected, the “Cut, Cap and Balance” bill passed by the U.S. House of Representatives failed to make it through Senate today.  The bill, which would have allowed the debt limit to be raised only with corresponding spending cuts and an amendment to the Constitution requiring a balanced budget, was defeated by a vote of 51-46.... Read More

Mid-Day Gold & Silver Market Report – 7/22/2011

AMERICANS BACK COMPROMISE; GREEK DEFAULT? The debt ceiling talks continue to be a source of concern for the American public. President Obama is looking for a large cut in the deficit (trillions of dollars) while lifting the debt ceiling. The sticking point is the belief that in order to accommodate these parameters, taxes would need to be raised. The in... Read More

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

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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