Our Daily Gold & Silver
Market Reports

Daily Gold & Silver Market Report – 5/26/2016

GOLD UP AS DOLLAR EXTENDS LOSSES; WALL STREET LOWER AS MATERIAL STOCKS FALL Gold was up slightly Thursday as economic data showed strong demand for U.S. manufacturing goods in April. Investors continue to watch for the next Federal Reserve interest rate increase, with a hike possible in June.  "Gold has entered a phase of consolidation due to stronger views that the U.... Read More

Daily Gold & Silver Market Report – 5/24/2016

METALS DECLINE ON FED RATE SPECULATION Precious Metal prices are down during Tuesday morning trading hours. As the dollar continues its recent rally, investors are eyeing the economic data being released Tuesday, speculating when the Federal Reserve’s next interest rate hike will take place.  Allianz Global Investors' emerging markets portfolio manager Shahzad Hasan said, “Ever... Read More

Daily Gold & Silver Market Report – 5/20/2016

Spot Gold is up Friday morning to $1,259.20 per ounce after closing Thursday at a three-week low.  The drop was caused by speculation the Federal Reserve will raise interest rates next month.  Higher interest rates would boost the U.S. dollar and affect interest in Precious Metals.  The market has rebounded slightly because not every... Read More

Daily Gold & Silver Market Report – 5/19/2016

GOLD SLIDES TO THREE-WEEK LOW AS STOCKS WEAKEN, DOLLAR GAINS ON FED HIKE TALK Minutes from the U.S. Federal Reserve’s April meeting point toward a possible interest rate increase next month. Recent positive economic data strengthened the dollar and handed Gold a one percent loss. "All commodities are getting hammered -- Silver is down 3 percent, oil down more than 2 perc... Read More

Daily Gold & Silver Market Report – 5/17/2016

METALS CONTINUE RUN AS U.S. STOCKS STRUGGLE Precious Metal prices are receiving support so far during Tuesday trading.  A decline in the U.S. dollar along with European shares showing a slight gain has helped metals continue their recent run.  As Gold’s safe-haven appeal returns, many analysts and investors are keeping a watchful eye on the U.S. Federal Reserve to determine ... Read More

Daily Gold & Silver Market Report – 5/13/2016

GOLD DOWN SLIGHTLY AS DOLLAR HITS A HIGH            Spot Gold is down slightly Friday as the U.S. dollar hit a two -week high against a few different currencies.  If there is proof of a strong economy when the retail sales report comes out, the Federal Reserve said they believe the interest rates should be raised.  Gold has gained 20 percent in 2016 but is down one percent so far for the week. "The move (in the ... Read More

Daily Gold & Silver Market Report – 5/12/2016

GOLD SLIPS AS DOLLAR STRENGTHENS; U.S. JOBLESS CLAIMS HIT-ONE YEAR HIGH A strengthening U.S. dollar has led to profit taking, pulling Gold back from its highest point since April. The Precious Metal had been at $1,303.00 per ounce before giving up some gains. Weak domestic and international economic data has helped Gold gain nearly 20 percent this year. The first quarter saw demand for Gold reach its highest level on record with the World Gold Council. "It was... Read More

Daily Gold & Silver Market Report – 5/9/2016

METALS DECLINE ON DOLLAR BUMP Precious Metal prices are giving back recent gains and are on the decline Monday. After Friday’s disappointing jobs data showed a decline in U.S. job production, the dollar lost ground as Gold and Silver prices gained. However, a bump in the dollar along with some investors cashing in on Gold’s recent success prompted investor appetite for riskier assets, ... Read More

Daily Gold & Silver Market Report – 5/6/2016

U.S. JOBS DATA EDGES GOLD SLIGHTLY HIGHER Spot Gold is up Friday after a weaker-than-expected jobs report, furthering speculation the Federal Reserve will keep interest rates low for some time. Weakness in the labor market is bullish for Gold and may support the Fed’s slow approach to normalizing currently ultralow benchmark interest rates. Further contributing to the ... Read More

Daily Gold & Silver Market Report – 5/5/2016

GOLD REBOUNDS FROM THREE DAYS OF LOSSES; WALL STREET OPENS HIGHER ON RISING ENERGY STOCKS U.S. jobless claims hit a 12-month high and helped Gold rally from three days of losses. The Precious Metal broke $1,300 per ounce Monday as the dollar struggled against Japan’s yen before later recovering.  Analysts will watch Friday’s non-farm payrolls (NFP) report to decipher the Federal Reserve’s next interest rate increase. "Tomorrow's NFP remains the focal poin... Read More

Daily Gold & Silver Market Report – 5/4/2016

Gold was slightly pressured Tuesday after Atlanta Federal Reserve President Dennis Lockhart commented that an interest rate hike is a “real option” at the next Fed policy meeting.  The news lifted the U.S. dollar, though it is just speculation.  Wednesday’s disappointing news of only 156,000 new private jobs created in April shed some light on how ... Read More

Daily Gold & Silver Market Report – 4/29/2016

GOLD, SILVER UP AS DOLLAR FALLS Gold hit a seven-week peak Friday, while Silver was up 1.4 percent to $17.78 per ounce, its highest since January 2015. The dollar saw its biggest loss against the yen in more than five years after the U.S. Federal Reserve decided Wednesday to leave interest rates unchanged, a decision that supported bullion. The Fed kept the door open to an increase in June, but showed little sign it was in a hurry to tighten monetary policy. "Investors' confid... Read More

Daily Gold & Silver Market Report – 4/28/2016

GOLD CLIMBS AFTER FED, BOJ STAND PAT; U.S. ECONOMY STALLS IN FIRST QUARTER A slowdown in the U.S. economy has left the Federal Reserve pressing pause on raising rates at this time. The Japanese yen received a boost against the dollar as the Bank of Japan surprised the market and  held its monetary policy steady. Gold was able to gain 1 percent on the combined economic news and has rallied 17 percent this year on expectations of the Fed not being aggressive on ... Read More

Daily Gold & Silver Market Report – 4/26/2016

METALS MOVING UP AHEAD OF FED, BOJ POLICY MEETINGS Gold and Silver prices are experiencing a bump during Tuesday morning trading hours, as U.S. economic data showed weaker-than-expected durable goods data, causing the dollar to decline.  Alvin Tan, a currency strategist at Société Générale, said, “We haven’t seen a big revival in [corporate investment]... Read More

Daily Gold & Silver Market Report – 4/22/2016

GOLD DOWN SLIGHTLY AS DOLLAR GAINS ON YEN           Spot Gold is down Friday as the U.S. dollar gains ground against the yen. In Q1, Gold posted its best quarter in nearly 30 years on expectations the Federal Reserve would not raise interest rates this year due to volatile markets and concerns over the Chinese economy. The dollar is up one percent against the yen. Gold was down 0.1 percent at $1,247.05 per ounce after hitting a fiv... Read More

Daily Gold & Silver Market Report – 4/20/2016

SILVER SLIPS FROM 11 MONTH HIGH AS DOLLAR BOUNCES Silver and Gold fell from recent highs as the euro jumped 1 percent against the dollar. Gold was able to gain 0.7 percent however is still down from its peak of $1,270.10. Silver retreated from its peak of $17.70, its highest point in 11 months, yet is on track for its largest gain since January 2015 after breaking through key chart resistance. " Read More

Daily Gold & Silver Market Report – 4/18/2016

METALS GAIN AFTER DISAPPOINTING OIL PRODUCERS MEETING Precious Metal prices steadied and are trading relatively flat during Monday afternoon trading hours.  Many investors expected a Sunday meeting of top oil producers to result in an agreement to freeze crude oil output production.  However, that agreement did not take p... Read More

Daily Gold & Silver Market Report – 4/15/2016

GOLD STRENGTH DIMMED BY STRONGER DOLLAR, OIL PRODUCTION MEETING Gold spot is up Friday, holding near $1,230 per ounce, but is on track for a slight weekly loss on a strengthened dollar. Currency trading impacted the dollar but the Gold price was more affected by market conditions and a looming oil production meeting. If upcoming data from April’s New York manufacturing report is positive, Gold may drop, but at a slower pace. “ Read More

Daily Gold & Silver Market Report – 4/14/2016

GOLD RETREATS AS DOLLAR GAINS; WALL ST. FLAT AFTER BANK EARNINGS, ECONOMIC DATA The U.S. dollar rallied Thursday to its largest gain in the past month on continued uncertainty of the U.S. monetary policy. After having its best quarterly growth in the past 30 years, Gold prices slipped as expectations of the Federal Reserve raising rates multiple times this year paused. "Trad... Read More

Daily Gold & Silver Market Report – 4/13/2016

GOLD’S NEXT MOVE; BIG BANK STRATEGIES FOR BANKRUPTCY EXPOSED Gold is slightly down Wednesday on a strengthened U.S. dollar along with a better-than-expected reading on Chinese exports supporting global stocks.  “Gold looked great driving up toward $1,264 [per ounce], but its failure there and retreat back toward $1,254 looks ominous, as it appears to ... Read More

Daily Gold & Silver Market Report – 4/11/2016

METALS CONTINUE RISE AS GLOBAL MARKETS STRUGGLE Precious Metal prices are off to a strong start this week, gaining rapidly during Monday morning trading hours.  After seeing steady growth to start the year due to a slowing global economy and central banks still figuring things out, Gold reached its highest point since mid-March and many analysts think the metal will break the $1,300 per ounce mark sooner than later.  Commerzbank analyst Daniel Briesemann said, “ Read More

Daily Gold & Silver Market Report – 4/8/2016

NOT A BUBBLE ECONOMY, RATE HIKES WILL GRADUALLY CONTINUE The U.S. economy is on track for further interest rate hikes. Federal Reserve Chair Janet Yellen said, that the U.S. labor market was close to full strength. "The U.S. economy has continued to progress in a satisfactory way. We continue to see good job performance, some evidence of inflation moving up, so that was our expectation when we raised rates in December," Read More

Daily Gold & Silver Market Report – 4/7/2016

GOLD GAINS AS FED REMAINS CAUTIOUS; WALL STREET SLIPS ON GLOBAL CONCERNS Policymakers maintained a cautious course regarding increasing interest rates, according to minutes from the Federal Reserve’s March meeting. Gold was able to gain two percent Thursday as global shares dropped and the U.S. dollar hit a new low against the Japanese yen, which led investors to seek safe-haven assets.  The Precious Metal rallied 16 percent in March yet gave up overall gains ... Read More

Daily Gold & Silver Market Report – 4/6/2016

FED MINUTES RELEASED TODAY; OIL PRICES JUMP Precious Metals are slightly down Wednesday morning ahead of the Federal Reserve’s meeting minutes, released this afternoon.  The report is expected to provide insight to how the Fed plans to approach interest rates hikes this year. “As Fed Chair [Janet] Yellen already pointed out in the press conference [following the March rate meeting], they are likely to stress the risks to the global economy and confirm th... Read More

Daily Gold & Silver Market Report – 4/4/2016

METALS LOOKING FOR DIRECTION AS FED MINUTES LOOM Precious Metals are off to a slow start, trading lower since markets opened Monday morning.  U.S. economic data released Monday showing better-than-expected labor market numbers provided small pressure on metals and sparked investor appetite for riskier assets.  With glob... Read More

Daily Gold & Silver Market Report – 3/31/2016

GOLD HEADS FOR BIGGEST QUARTERLY RISE IN NEARLY 30 YEARS; U.S. JOBS MARKET FIRMING, MANUFACTURING REGAINING FOOTING Expectations of an interest rate increase have eased for now and have helped spot Gold rise 1 percent Thursday as the dollar hit a five month low against the euro. Comments from Fed Chair Janet Yellen on Tuesday that the central bank should proceed cautiously in increasing rates gave Gold another chance to rally. " Read More

Daily Gold & Silver Market Report – 3/30/2016

EUROPE PROJECTED TO INCREASE GOLD HOLDINGS; INTEREST RATES COULD RISE IN JUNE European investors could see an unexpected change as Precious Metals experts forecast heavier Gold demand in Europe with negative interest rates, making it less desirable to deposit money into a bank account.  "Although Gold is very much driven by U.S. Federal Reserve (Fed) policy, th... Read More

Daily Gold & Silver Market Report – 3/28/2016

METALS GET BOOST, DOLLAR LOSES GROUND AHEAD OF FED STATEMENT Precious Metals are flat during Monday morning trading hours as investors return from the holiday weekend. Comments due Tuesday from Federal Reserve Chair Janet Yellen will be closely monitored for further indication on timing of possible interest rate hikes.... Read More

Daily Gold & Silver Market Report – 3/24/2016

GOLD ON TRACK FOR BIGGEST LOSS IN FOUR MONTHS; OIL SLIDES ON STRONG DOLLAR The possibility for more interest rate increases from the Federal Reserve in 2016 boosted the dollar and handed Gold its biggest loss since November. Gold dropped 0.6 percent in early Thursday trading, its weakest since February 26. Investors remain on guard as an interest rate increase could come as early as April.  "In February there were a lot of concerns about a dovish stance ... Read More

Daily Gold & Silver Market Report – 3/23/2016

GOLD AFFECTED BY CENTRAL BANKER VIEWS; MARKET REACTS TO TERRORISM Gold is trending down Wednesday due to two central bankers sharing their personal opinions on when interest rates might increase, which they both forecast as April.  The Federal Reserve released a statement on March 16 stating they will only increase interest rates two times ... Read More

Daily Gold & Silver Market Report – 3/21/2016

METALS FLAT AS OIL CONTINUES STRUGGLE Precious Metal prices are relatively flat during Monday morning trading hours, with Gold seeing a small pullback.  Statements released after last week’s Federal Open Market Committee meeting showing a more dovish tone from the Federal Reserve helped push prices higher, but a small increase in the dollar Monday morning is pressuring metals.  Read More

Daily Gold & Silver Market Report – 3/17/2016

GOLD CLIMBS ON FED NEWS; S&P 500, DOW UP AS MATERIALS, ENERGY STOCKS GAIN News of the Federal Reserve reducing the number of forecast interest rate increases this year has Gold up 2.5 percent Thursday. The Fed is now expected to raise rates two more times this year, which is half the number previously expected. "There has been a general tendency for Gold to react in a Pavlovian manner to every announcement from the Federal Reserve, with the price firming o... Read More

Daily Gold & Silver Market Report – 3/16/2016

FED’S STATEMENT BOOSTS PRECIOUS METALS Gold’s performance in 2016 has been astonishing, climbing close to 16 percent already for the year.  The yellow metal received additional support Wednesday after the Federal Reserve stated interest rates would remain unchanged.  The decision comes from global financial concerns and how each could impact the U.S. economy.  “ Read More

Daily Gold & Silver Market Report–3/14/2016

METALS LOOK FOR DIRECTION AHEAD OF FED MEETING Precious Metal prices are slowly rebounding Monday after Gold saw a small pullback Friday. With Gold recently hitting a 13-month high, investors will closely watch this week’s U.S. and Japanese central bank meetings. Afshin Nabavi, head of trading at MKS, said, “It's going to be rather cautious unti... Read More

Daily Gold & Silver Market Report–3/11/2016

GOLD CONTINUES 2016 RALLY Spot Gold is up nearly 20 percent so far in 2016. The yellow metal is always a safe haven in a volatile equities market and it recently received a boost from the European Central Bank cutting interest rates.  This has some investors thinking it is a good time to buy. "The trend is up, the trend has been up for the last several months and I continue to think that as long as the monetary authorities are going to remain as expansionary as they are [... Read More

Daily Gold & Silver Market Report–3/10/2016

METALS REBOUND AS ECB ANNOUNCES NEW ROUND OF QE Precious Metal prices are gaining Thursday after experiencing a small pullback recently. The European Central Bank cut benchmark interest rates and announced it will go through another round of quantitative easing, which provided a boost to Gold prices.  As investors prepare for next we... Read More

Daily Gold & Silver Market Report–3/9/2016

GOLD FALLS, STOCKS RISE ON ECB EASING; OIL RECOVERY DRIVES WALL STREET RALLY The European Central Bank meets Thursday but expectations of continued monetary easing has softened the euro while equities rose 1 percent. Gold managed to hit a 12-month high yet is being held down by a rising dollar. The dollar benefits from the euro being down and a rising stock market, while Gold is pressured by rising interest rates. "If the [European] bank does meet market expec... Read More

Daily Gold & Silver Market Report–3/8/2016

WORLD STOCKS STRUGGLE, GOLD BENEFITS ON WEAK CHINESE DATA Gold prices continue their recent trend up, moving toward 13-month highs during morning trading hours Tuesday.  As investor concern over a slowing global economy is rekindled, a decline in the U.S. dollar along with slumping European shares and disappointing trade data out of China boo... Read More

Daily Gold & Silver Market Report–3/4/2016

GOLD STEADIED AFTER YEAR HIGHS Spot Gold steadied Friday after hitting highs not seen in more than a year due to the softer U.S. dollar.  The yellow metal has risen nearly 20 percent in 2016 on economic concerns, boosting Gold’s safe-haven appeal. Gold was up 1 percent to $1,264.96 an ounce, well off its high of $1,274.70 per ounce, not seen since February 2015. Oil and stock fluctuation... Read More

Daily Gold & Silver Market Report–3/3/2016

GOLD CLIMBS AS EQUITIES RETREAT; WALL STREET OPENS LOWER AS OIL PRICES SLIP Gold was able to climb above $1,250 per ounce Thursday as the strength of the U.S. dollar and equity markets slowed. Investors await Friday’s release of U.S. payrolls data, expecting a strong report to renew expectations of an interest rate increase by the Federal Reserve. Continued fears over the global economy have helped Gold rise 16 percent this year. Saxo Bank head of commodities resea... Read More

Daily Gold & Silver Market Report–3/2/2016

FALLING STOCKS, OIL SUPPORT BULLION On Wednesday, Precious Metals prices continued to climb as the U.S. stock market quickly lost Tuesday’s upbeat momentum on lower oil prices. Joel Kruger, FX strategist for London-based LMAX Exchange, shared his thoughts with MarketWatch regarding current U.S. economic conditions and how the U.S... 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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