Our Daily Gold & Silver
Market Reports

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

Mid-Day Gold & Silver Market Report – 4/6/2011

PRICE OF GOLD … IS IT TOO GOOD TO BE TRUE? Safe haven buying has been ignited again by rising oil prices and news out of Portugal. “Prices are likely to remain buoyant as risk aversion increased on the back of Moody’s downgrade of Portugal’s credit rating,” analysts at ICICI Bank said in a note to clients. Silver is closing in on $40/ounce and gold struck ov... Read More

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

NEW HIGHS FOR GOLD, SILVER Gold and silver hit new highs (record for gold, 31-year for silver) this morning thanks to their safe-haven appeal.  Commerzbank analysts explain, “The current climate is still favorable for precious metals.  Continued unrest in North Africa and in the Arab world and the Read More

Closing Gold & Silver Market Report – 4/5/2011

GOLD & SILVER PRICES SOARING TO NEW RECORDS – There is no shortage of uncertainty in today's markets and uncertainty causes investors to run to gold and silver. Gold settled at a record high and you can take your pick as to why. Perhaps it was new peaks in oil and grains revving up fears of inflation. Perhaps it was yet an... Read More

Mid-Day Gold & Silver Market Report – 4/5/2011

COMMODITIES ON THE RISE Oil prices jumped to a fresh 2 ½ year high today, reaching $122/barrel; silver jumped to over $39/ounce (a 31-year high); gold hit over $1,450/ounce (a record high). “The whole commodity complex seems to be on the boil again, with precious metals, many of the base metals, and some of the agricultural (like corn), all hitting record or recent highs,” said... Read More

Morning Gold & Silver Market Report –4/5/2011

APMEX CEO MICHAEL HAYNES ON CNBC – What does a million dollars worth of gold look like? Please take a look at this informative interview where Mr. Haynes explains that “Middle America” is just now discovering that the standard three asset classes of stocks, bonds and cash do not provide the risk management necessary in today’s environment of global economic uncertainty, geopolitical tensions, currency fluctuation... Read More

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

SILVER CLOSES OVER $38 AN OUNCE. Both gold and silver saw gains Monday but silver broke the $38 point, settling well above its previous 31 year high. Jeffery Christian, managing director of commodities consulting firm CPM Group in New York said, “More investors came to the market in hopes of $40 an ounce in the short term.” Gold had a more level performance, gaining at a modest pace.&... Read More

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

GEOPOLTICAL TENSIONS PUSH GOLD & SILVER HIGHER - Gold and silver prices are rising as stock prices experience resistance due to the geopolitical uncertainties across the globe. With the U.S. dollar weakening, due primarily to zero interest rates in the United States and the Fed QE2 monetary policies, other currencies are becoming more attractive.  Robert Lynch, head of currency strategy for HSBC, “Foreign investors are hold... Read More

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

OIL SURGES PAST $108 SILVER SOARS PAST $38 – Oil prices are on the move as unrest in the Middle East and North Africa continue to concern the markets. Rising oil prices also fan the fears of inflation, which may be why gold and silver are moving up in early morning trading. We should remember not to focus solely on Libya; the entire situation is still volatile a... Read More

Closing Gold & Silver Market Report – 4/1/2011

FED OFFICIAL WARNS OF OVER-OPTIMISM Gold ended the first quarter on record highs and silver ended on its 31 year record, but both began April trading lower on perceived positive jobs news. If the job market is improving we may anticipate an end to the QE2 program and an interest rate hike later this year. However, Read More

Mid-Day Gold & Silver Market Report – 4/1/2011

STOCKS RALLY, GOLD DIPS Stocks soar to an almost three-year high following the information that U.S. employers added 216,000 jobs and the unemployment rate dropped again. “The jobs report confirms that the U.S. economy is recovering in a slow grinding upwards move,” said Stephen Wood, the New York-based chief market strategist for R... 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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