Our Daily Gold & Silver
Market Reports

Mid-Day Gold & Silver Market Report – 4/15/2011

FED OFFICIALS DISAGREE ON ACCELERATING INFLATION Federal Reserve policymakers are in disagreement on how best to tackle the problem of accelerating inflation.  After news of a 0.5% increase in the Consumer Price Index, a key inflationary measure, some central bankers are still advocating an easy-money policy.  Annualizi... Read More

Morning Gold & Silver Market Report –4/15/2011

GOLD & SILVER CONTINUE TO MOVE UP – Gold spot prices are currently up another $2.60, while Silver spot prices climbed another 64 cents. Gold rose to a record high on global inflation concerns and the continued weakening of the US dollar.Gold is becoming more widely accepted as an asset class within the Alternative Investment category. Inflation has... Read More

Closing Gold & Silver Market Report – 4/14/2011

GOLD FUTURES NEAR RECORD HIGHS – US DOLLAR WEAKENS – Gold advanced more than 1% as it nears record highs. Fear of inflation, a weakening US dollar and more problems in Europe continue to drive investors to gold (and perhaps silver, which established a 31 year high today.) In the US, Treasury Secretary Timothy Geithner appeared before lawmakers today to... Read More

Mid- Day Gold & Silver Market Report – 4/14/2011

GOLD & SILVER RISING RAPIDLY – The disappointing jobs data along with mixed earnings reports  are causing investors to move away from stocks and into precious metals.  Gold is currently up $16.40 – Silver is up $1.42 Pimco Co-Chief Executive, Mohamed El-Erian, stated on CNBC today, that first quarte... Read More

Morning Gold & Silver Market Report – 4/14/2011

JOBLESS CLAIMS RISE – INFLATION FEARS GROW – New jobless claims unexpectedly rose last week rising once again above the 400,000 level. Economist polled by Reuters projected claims to fall to 380,000. The four week moving average, which is considered the best measurement, went up 5,500 to 395,750. Inflation fears grow as US core prices rose faster than projected in March, and the increase from one year ago was the largest since A... Read More

CLOSING GOLD & SILVER MARKET REPORT – 4/13/2011

OBAMA REVEALS HIS DEFICIT CUTTING PLAN – President Obama came out with his budget-cutting plan that chops $4 trillion off in the next 12 years. These time frames make many of us wonder how you can propose a plan that you will not be in office to over see. Chris Edwards of the Cato Institute, which is a think tank that favors government, said "there's not much new" in it other than the deficit triggers. He noted the tri... Read More

Mid-Day Gold & Silver Market Report – 4/13/2011

INFLATION IS ACTUALLY NEAR 10% – Some of us remember the hyper inflationary period that began in the late 1970’s and ran through much of the 80’s. Fed Chairman Paul Volcker was appointed in 1979, as the CPI surged into double digits. If we were to use the same CPI measurements today, that we used in 1979, we would be at 10% inflation right now. Read More

Morning Gold & Silver Market Report – 4/13/2011

INTERNATIONAL MONETARY FUND WARNS ABOUT US DEBT -  THE IMF came out with a statement that the US lacks a “credible strategy” to address their debt issues. The IMF also pointed out that the US was the only advanced economy to be increasing debt at a time their economy was growing at a rate sufficient enough to tackle their debt problems. President Obama will l... Read More

Closing Gold & Silver Market Report – 4/12/2011

GOLD SLIDES WITH OIL. Oil prices dropped today pulling precious metal prices along for the ride. Weak trade data lead to pessimistic views on U.S. economic growth and raised doubt about demand for oil. Why is this important? The sharp drop in oil prices puts a damper on some of the inflation fears in the U.S. giving investors the confidence to sell their precious metals for profit. We saw sever... Read More

Mid-Day Gold & Silver Market Report – 4/12/2011

GOLD CORRELATION TO U.S. DOLLAR MOST NEGATIVE IN THREE MONTHS Any rise in the U.S. dollar will weigh more heavily on gold prices, as the correlations between gold and the dollar index and gold and the S&P 500 index reached their most negative in almost three months. Two more Federal Reserve officials have thrown their support behind the latest rou... Read More

Mid-Day Gold & Silver Market Report – 4/12/2011

GOLD CORRELATION TO U.S. DOLLAR MOST NEGATIVE IN THREE MONTHS Any rise in the U.S. dollar will weigh more heavily on gold prices, as the correlations between gold and the dollar index and gold and the S&P 500 index reached their most negative in almost three months.  Two more Federal Reserve officials have thrown their support... Read More

Morning Gold & Silver Market Report – 4/12/2011

JAPAN’S NUCLEAR CRISIS AS BAD AS CHERNOBYL – Japan has raised its nuclear crisis to the highest possible level, which is level seven. This puts this radioactive disaster on par with what occurred in Chernobyl back in 1986. Many people have been critical of the government’s lack of information or miss-information during this crisis. These critics now appeared justified because it appears the leaks were always much worse than repo... Read More

Closing Gold & Silver Market Report – 4/11/2011

IS SILVER TURNING BACK INTO CURRENCY? Gold is more and more being viewed as a currency and not a commodity. As global currencies fluctuate in value relative to each other, gold just remains gold. Currency valuations are dependent on trust in governments and their central banks. Gold is something real you hold in your hands…and so is silver. For years silver was cu... Read More

Mid-Day Gold & Silver Market Report – 4/11/2011

PIMCO BETTING AGAINST US GOVERNMENT DEBT Pimco, the world’s largest bond fund, began betting against the government debt last month, by selling all of the fund’s holdings in US government-related debt holdings. Bill Gross, Co-Chief Investment Officer, believes there will be a lack of buyers for US Treasuries, once QE2 has run its course. Pimco expects that an easy monetary policy, combined with a budget deficit will fue... Read More

Morning Gold & Silver Market Report – 4/11/2011

GOLD PULLS BACK & SILVER CONTINUES TO SOAR Gold prices are settling back, as we suspect some profit taking has occured overnight. Silver prices continue to soar. Late Friday evening, a budget deal was announced with much pomp and circumstance, and the government was not shu... Read More

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

THE SILVER LINING JUST GOT A LITTLE BRIGHTER: Gold and silver prices have benefited from the inflation fears and a weak U.S. dollar rising to record breaking highs again today. Silver has closed over the milestone $40 mark and gold holding above $1470. Many factors affect the price of precious metals. Frank Lesh, a broker and analyst with FuturePath Trading in Chicago said, “Two words, the ... Read More

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

GEOPOLITICAL FEARS DEEPEN, PRECIOUS METALS RISE The geopolitical landscape seems to be worsening with the most recent Japanese aftershock from the March 11th earthquake. Production has been hampered severely as power outages have slowed output at some major car manufacturers and even global giant Sony has been impacted. Water leaked from another nuclear rea... Read More

Closing Gold & Silver Market Report – 4/7/2011

THREE DAYS OF RECORDS FOR GOLD Although not as impressive as the past two days, gold has proved it has staying power and reached an intraday record of $1,466.50 an ounce. George Gero, a vice president with RBC Wealth Management said, “Silver and gold’s runs are the response to geopolitical and inflation fears.” This isn’t a new story, as it has played out ove... Read More

Mid-Day Gold & Silver Market Report – 4/7/2011

ANOTHER JAPANESE EARTHQUAKE ROCKS THE STOCK MARKET The stock market dropped nearly 100 points on reports that a 7.1 magnitude earthquake hit Japan’s northeastern coast. The market has begun to recover some of its losses, as the earlier tsunami warning issued as a result of the quake as been lifted. Platinum and palladium, with strong ties to the automobile industry, were the most affected of the ... Read More

Morning Gold & Silver Market Report – 4/7/2011

ECB RAISES INTEREST RATES – PORTUGAL TO REQUEST A BAILOUT? As widely expected, the European Central Bank raised interest rates 25 basis points to 1.25%. This was the first rate hike since July 2008 and is a measure to curb inflation in the 17-country euro zone. There is debate as to whether the struggling euro economies can continue to recover in this environment especially when Greece, Ireland and Poland are requiring b... Read More

Closing Gold & Silver Market Report – 4/6/2011

GOLD, SILVER CLOSE AT NEW HIGHS:  For the second day in a row both gold and silver have closed at record and recent highs.  Investors are still buying on safe haven appeal ahead of a U.S. government shutdown and news that Portugal is seeking a bailout.  Lawerence Williams, an author of Mineweb.com, focuses not on quantity but on q... 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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