Our Daily Gold & Silver
Market Reports

Daily Gold & Silver Market Report – 7/22/2015

METALS PRICES PRESSURED, LOOKING FOR SUPPORT Gold’s immense decline this week to a five-year low caught the attention of investors. The metal has been pressured recently due to the Federal Reserve’s plans to increase interest rates this year, which would create a stronger dollar. St. Louis Fed President James Bullard says there is a more than 50 percent chance the Fed will increase rates in September. Market analysts suggest the Gold price could increase after the Fed’s inte... Read More

Daily Gold & Silver Market Report – 7/20/2015

METALS ON DECLINE WITH CHINESE SELL OFF Precious Metal prices are on the decline, with Gold hitting a five-year low, as Chinese consumers offloaded metals overnight. A key contract traded on the Shanghai Gold Exchange contained nearly 3,000,000 lots and has been weighing on metals. In comparison, nearly 27,000 lots were traded Friday when Gold fell more than one pe... Read More

Daily Gold & Silver Market Report – 7/17/2015

DOLLAR UP, GOLD DOWN DESPITE CHINA’S GOLD HOLDINGS The dollar is looking for its biggest weekly rise since May, reinforced by data suggesting the U.S. will see an interest rate increase this year. The dollar is at a seven-week high against other major currencies like the euro. "The focus is turning to the U.S. rate cycle, and (the market reckons) a September rate hike is still, if not p... Read More

Daily Gold & Silver Market Report – 7/16/2015

METALS DOWN AS DOLLAR GAINS ON YELLEN COMMENTS After reaching a four-month low Thursday morning, Gold and other Precious Metals are relatively flat. Comments made Wednesday by Federal Reserve Chairwoman Janet Yellen reemphasized the Federal Reserve will likely raise interest rates this year for the first time in nearly a decade, which pushed the dollar to a six-week high pressured metals. Read More

Daily Gold & Silver Market Report – 7/15/2015

METALS AWAIT MARKET FACTORS; GREECE TRIES TO RESOLVE DEBT ISSUES Gold and Silver are stable Wednesday morning ahead of three key influences expected today. First, Federal Reserve Chair Janet Yellen’s congressional testimony is expected to reveal further news on an interest rate hike. Second, the Greek parliament’s vote on austerity measures will hopefully be the last step in reaching a bailout agreement. “ Read More

Daily Gold & Silver Market Report – 7/14/2015

METALS LOOK FOR DIRECTION AS RETAIL SALES DISAPPOINT Gold and Silver prices are looking for direction and haven’t seen much movement during morning trading hours. With Greece striking a bailout deal and much of the fear of them leaving the eurozone fading, many investors are focusing on the potential U.S. interest rate hike and its effect on the market.  Natixi... Read More

Daily Gold & Silver Market Report – 7/13/2015

METALS FLAT AS GREECE STRIKES DEAL Precious Metal prices are flat during morning trading hours. As Greece finally reached an agreement to repay their debt, the euro lost ground against the U.S. dollar. This, along with the notion the Federal Reserve is still on track to raise interest rates this year, has weighed on Gold and Silver, though the specifics of a rate hi... Read More

Daily Gold & Silver Market Report – 7/10/2015

GOLD RISES ON FALLING DOLLAR Gold rose slightly Friday, up 0.2 percent, as the euro gained on the dollar.  Greece’s effort to get funding for their debt halted Gold’s four-month low. Prices touched $1,146.75 per ounce Wednesday, their lowest since March 18 when the dollar benefited from weakness in the euro and a drop in Chinese stock markets. "Gold is getting some support from the stronger euro but Read More

Daily Gold & Silver Market Report – 7/9/2015

GOLD CLIMBS FROM 4 MONTH LOW; U.S. JOBLESS CLAIMS RISE TO HIGHEST LEVEL SINCE FEBRUARY Gold rose Thursday as minutes from the most recent Federal Reserve meeting gave a cautionary tone toward an interest rate hike. Mixed economic data both domestically and globally leave the central bank struggling with increasing interest rates.  “The Fed is certainly worried about the Chinese markets, and the massive... Read More

Daily Gold & Silver Market Report – 7/8/2015

PRECIOUS METALS REBOUND; U.S. STOCKS UNDERPERFORM Precious Metals prices were pressured Tuesday from the financial collapse of Greece along with the possibility of the country exiting the eurozone. Today, Gold and Silver are attempting to rebound as the U.S. dollar is weak due to European shares rising. The eurozone has given Greece until the end of this week to propose an extensive reform in exchange for loans t... Read More

Daily Gold & Silver Market Report – 7/6/2015

GOLD STALLED ON STRONG DOLLAR FOLLOWING GREEK VOTE Gold’s slight boost was derailed due to a robust dollar following the rejection of a bailout by Greek voters.  The yellow metal, usually seen as a haven in trying financial times, could not rally because the dollar gained on the euro. “There isn't the fear of a pan-European crisis, as was the case a few years ago, when you saw a rush to Gold, which was already in a bull market,” M... Read More

Daily Gold & Silver Market Report – 7/2/2015

GOLD RISES FROM 3-1/2 MONTH LOW; U.S. JOB GROWTH SLOWS, LABOR FORCE SHRINKS Gold rebounded from a 3-1/2 month low Thursday ahead of U.S. jobs data that could indicate timing of a Federal Reserve interest rate increase. The ongoing Greek debt crisis weakened the euro, helping the U.S. dollar hit a three week high against a basket of other currencies. “We don't ... Read More

Daily Gold & Silver Market Report – 7/1/2015

GREECE DEFAULTS ON $1.7B LOAN; INVESTORS EYE GOLD AS SAFE HAVEN On Tuesday, Greece became the first developed country to default on a loan from the International Monetary Fund. It’s still unknown if the eurozone will force Greece out of the European Union. At the last minute before defaulting, Greek Prime Minister Alexis Tsipras wrote a letter to the country’s creditors accepting their earlier terms with slight c... Read More

Daily Gold & Silver Market Report - 6/30/2015

GOLD DOWN AS TROUBLE BREWS IN PUERTO RICO Gold and Silver are on the decline this morning as investors continue to take in the financial landscape and monitor Greek debt news.  Although Greece is just hours away from a possible default, many believe there will be a last minute deal struck.  ABN Amro analyst Georgette Boele said, “There is still confidence that there will be a deal at the last minute, an... Read More

Daily Gold & Silver Market Report - 6/29/2015

PRECIOUS METALS REMAIN FLAT AS GREECE NEGOTIATIONS GO INTO FINAL HOURS Precious Metals prices are trading relatively flat after seeing gains during Monday morning trading hours. As investors continue to keep a watchful eye on Greece’s debt situation, a surprise announcement by Greece’s prime minister, Alexis Tsipras, to close Greek banks for the week has stroked fears of a default and exit from the EU.  Whil... Read More

Daily Gold & Silver Market Report - 6/26/2015

FAILED GREECE DEAL BOOSTS GOLD Gold rose from two-week lows Friday as Greece failed to clinch a deal with its creditors.  If the two parties reach a deal during their ditch efforts Saturday, Gold could likely see greater losses. "Gold for the moment seems to have found a bit of a floor, and that seems to have given confidence to buyers," Societe Generale analyst Robin Bhar said. "We're all watching Greece. If there is a... Read More

Daily Gold & Silver Market Report - 6/25/2015

GOLD AWAITS NEWS ON GREECE; CONSUMER SPENDING BUOYS ECONOMIC GROWTH Gold steadied as investors await news of Greece’s negotiations with its creditors. Regardless of Greek tensions, the Precious Metal has struggled to break $1,230 per ounce since March, holding in the $1,260 - $1,230 range. The U.S. dollar hit a two-week high against the euro Thursday, adding pressure to Gold. Read More

Daily Gold & Silver Market Report - 6/23/2015

Greece Default on the Horizon Gold dropped Tuesday as the euro slid sharply against the dollar and stock markets rallied on hopes Greece would reach a deal with its creditors to avoid default. This decline comes after Gold experienced its biggest one-day loss in nearly a month Monday. The yellow metal is now vulnerable to pressure from other arenas, such as an interest rate rise from the U.S. Federal Reserve. “There... Read More

Daily Gold & Silver Market Report - 6/22/2015

METALS LOSE GROUND ON GREEK SPECULATION Precious Metal prices declined through Monday morning trading hours as investors return from the weekend. Although prices increased last week following a dovish stance by the Federal Reserve, new proposals from Greece to its creditors and the absence of Chinese markets, closed for public holiday, have pressured metals.  ETF Securities analyst Martin Arnold said, “There's always that underlying feeling that a deal will be done ... ... Read More

Daily Gold & Silver Market Report - 6/19/2015

GOLD REACHES THREE WEEK HIGH ON DOVISH FED STATEMENT Precious Metal prices are holding strong Friday with Gold seeing its second consecutive weekly gain.  As Federal Reserve policymakers take a more dovish stance than expected regarding the progress seen in the economy, Gold reached a three week high as the dollar declined.  ActivTrades chief analyst Carlo Alberto de Casa said, “The boost that Gold got ... Read More

Daily Gold & Silver Market Report - 6/18/2015

GOLD GAINS AS FED STAYS CAUTIOUS; YELLEN STRIKES LESS CERTAIN TONE Precious Metals prices rallied Thursday on news the Federal Reserve may increase interest rates more slowly than expected, with Gold breaking $1,200 per ounce and Silver hitting a two-week high. Policymakers said a rate hike would only be appropriate after further strengthening of the labor market. “This is all about the Fed and the lower rate hike projections,” Saxo Bank analyst Ole Hansen said. “ Read More

Daily Gold & Silver Market Report - 6/17/2015

METALS PRESSURED BY FED STATEMENT; BANK OF CHINA SETTING GOLD PRICES   Precious Metals are flat Wednesday ahead of the Federal Reserve’s statement. Fed Chair Janet Yellen is expected to speak on current economic conditions, and the market anticipates hints regarding a timeframe of an interest rate increase. The U.S. economy has shown signs of recovery, which is a key aspect in the Fed’s decision to hike interest rates. “ Read More

Daily Gold & Silver Market Report – 6/16/2015

Gold Slips; Fed Meets to Determine Rate Hike Gold slipped Tuesday as the dollar grew stronger following the start of the U.S. Federal Reserve policy meeting. The Greek crisis has also failed to trigger sustained demand for safe-haven assets. “Gold is weaker because people are still thinking that the U.S. economy is recovering,” Citi strategist David Wilson said. “So people are focusing on those positives of the U... Read More

Daily Gold & Silver Market Report – 6/15/2015

GOLD GAINS ON GROWING GREEK DEBT CONCERN Precious Metal prices are gaining Monday as investors prepare for the results of the U.S. Federal Reserve policy meeting, held June 16 and 17.  Many speculate the Fed will offer a more definitive time frame for its first interest rate hike in a nearly a decade. However, Greece’s debt situation is still on the forefront of many investors’ minds. Sharps Pixley CEO Ross Norman said, “ Read More

Daily Gold & Silver Market Report – 6/12/2015

STRONG U.S ECONOMY WEAKENS GOLD Gold is down Friday morning on the U.S. economy’s continued momentum.  A strong economy means a U.S. Federal Reserve interest rate increase is even more likely.  "The closer we get to this expected U.S. interest rate hike, the lower the price of Gold will get ... we still have space for more losses until September, when the first rate hike should happen," Natixis analy... Read More

Daily Gold & Silver Market Report – 6/11/2015

GOLD SNAPS 3 DAY RALLY; U.S. RETAIL BOOSTS GROWTH OUTLOOK Expectations of the Federal Reserve raising interest rates this year have pressured bullion as an increase could strengthen the dollar and raise the cost of holding non-yielding Gold. The dollar is up Thursday awaiting key U.S. economic data while a European stock rally have Gold prices falling, breaking any gains over last three days. Analysts expect strong U.S. retail data, which will boost the dollar and ... Read More

Daily Gold & Silver Market Report – 6/10/2015

DOLLAR DROPS ON GREEK DEBT WORRIES; GOLD SUPPORTED FROM SAFE HAVEN APPEAL The dollar lost ground Wednesday morning on concerns over Greek’s financial crisis, helping Gold increase for a third consecutive session.  Gold’s safe-haven appeal always attracts investors when there is economic uncertainty and fluctuations in the dollar.  “Everyone is piling up their bets for the safe [haven] as we are moving closer ... Read More

Daily Gold & Silver Market Report – 6/8/2015

GOLD UP AS U.S. DOLLAR, WORLD STOCKS STRUGGLE Precious Metal prices are on the move Monday morning, with Gold moving up from its lowest point since March, on a dipping U.S. dollar. Although Gold is showing some strength, many analysts are eyeing the next support level. Saxo Bank senior manager Ole Hansen said, “We managed to claw back and close above $1,170 [per ounce] on Friday and today the market took a littl... Read More

Daily Gold & Silver Market Report – 6/5/2015

U.S JOB REPORT FIRMS AS GOLD SAGS                  Gold fell Friday ahead of U.S. employment data that could boost the possibility of a Federal Reserve interest rate increase this year. The Precious Metal is heading for its third straight weekly slide. Gold was down Friday 0.1 percent to $1,174.96 an ounce, nearing a five-week low of $1,172.55. The metal was heading for a 1 percent decline on the ... Read More

Daily Gold & Silver Market Report – 6/4/2015

GOLD WILTS ON U.S. DATA; WALL STREET PRESSURED AFTER IMF URGES RATE HIKE DELAY Upbeat U.S. economic data has Gold down and is spurring speculation of an interest rate hike soon. Focus is now on Friday’s non-farm payroll data, which is viewed as a key measure of the world’s largest economy and may give further insight to Gold’s direction. An increase in the interest rate could lift the cost of holding the Precious Metal and boost the dollar. Read More

Daily Gold & Silver Market Report – 6/3/2015

GOLD SLIDES AS DOLLAR GAINS; PRIVATE SECTOR JOBS RISE Precious Metals eased Wednesday morning after the dollar gained 0.3 percent versus a basket of major currencies. A deal to bail Greece out of its financial turmoil is expected as negotiations have continued for four months.  A Greek default could occur if a settlement is not reached by the end of June, causing the country to possibly exit the eurozone. Read More

Daily Gold & Silver Market Report – 6/2/2015

Weak Data Boosts Gold; Second Quarter May Delay Rate Hikes Gold increased Tuesday due to disappointing U.S. data and Greece’s debt crisis. Gold had climbed above $1,200 per ounce for the first time in a week but dropped due to mixed U.S. economic data and expectations the Federal Reserve will increase interest rates later this year. “It’s definitely, in my opinion, a reflection of the euro-dollar developments of today,” Sprott Assett Management USA Precious Metal strategist Trey Re... Read More

Daily Gold & Silver Market Report – 6/1/2015

METALS GAIN ON SLOWED CONSUMER SPENDING Precious Metal prices are on the rise during morning trading hours. Investors turned to Gold and Silver on Monday’s weak economic data along with comments by Boston Federal Reserve President Eric Rosengren expressing concern that U.S. economic growth is not strong enough to raise interest rates. Societe Generale anal... Read More

Daily Gold & Silver Market Report – 5/28/2015

WALL STREET DOWN ON JOBLESS CLAIMS; GOLD FLAT ON STEADY DOLLAR, LOWER SHARES U.S. stocks are down early Thursday on economic news at home and abroad. European officials downplayed talks of Greece’s much needed debt relief despite rising default concerns. World markets were pressured as major brokerages in China tightened requirements on margin financing, causing fear of further steps to reduce leverage in the market. While many economists expected U.S. jobless cla... Read More

Daily Gold & Silver Market Report – 5/27/2015

STRONG DOLLAR WEIGHS ON GOLD; BERNANKE FOCUSES ON RATE INCREASE The U.S. dollar saw its biggest daily rise in two years Tuesday, pushing Precious Metals prices down on the Federal Reserve’s confirmation of an interest rate increase in the near future. “Gold got hit by a double whammy yesterday, first of all from the dollar move higher, which kicked off on Friday, but also speculative data which showed a 140 percent jump as of last Tuesday,” Saxo Bank's head of commodity res... Read More

Daily Gold & Silver Market Report – 5/26/2015

METALS DOWN AS DOLLAR SOARS Precious Metal prices are on the decline through morning trading as the dollar extends its gains.  Recent comments from Federal Reserve Chairwoman Janet Yellen reinforcing the central bank’s plan to tighten its monetary policy, along with strong U.S. economic data, have supported the greenback while pressuring metals. Gold’s historical i... Read More

Daily Gold & Silver Market Report – 5/21/2015

DOLLAR STALLED, GOLD NOT READY TO RALLY Gold spot rose 0.5 percent to $1,211.98 an ounce by 10:01 GMT. It was down 0.8 percent for the week as it is heading for its biggest fall since the week ended April 24 and 1.5 percent below a three-month high of $1,232.20 hit May 14. This is not likely to change in view of the upcoming holiday weekend and the ever-looming interest rate hike. Danske Bank senior analyst Jens Pedersen said, "There ... Read More

Daily Gold & Silver Market Report – 5/21/2015

GOLD STEADY AS DOLLAR FALLS; WEAK EUROZONE SPURS U.S.-DRIVEN REBOUND Minutes from April’s Federal Reserve policy meeting point to the unlikelihood of the central bank raising interest rates in June as policymakers believer it would be premature. Gold is holding steady as the dollar fell on the news. “Gold ... Read More

Daily Gold & Silver Market Report – 5/20/2015

GOLD REMAINS FLAT; VIEWS ON FED’S PLAN TO HIKE INTEREST RATES Gold slowly moved up Wednesday after seeing its biggest one-day loss since April 30 on a strong U.S. dollar Tuesday.  “The dollar and the euro seem to be the direction setters,” Precious Metals trader MKS SA head of trading Afshin Nabavi said. “This morning Gold looked like it was going to break below $1,200 [per ounce], but held well... Read More

Daily Gold & Silver Market Report – 5/19/2015

Gold Snaps ON RISING DOLLAR; “Twilight Zone Stocks” Gold’s rise ended Tuesday morning as the dollar increased sharply against the euro. European shares also gained after the European Central Bank suggested it may increase its 1 trillion euro ($1.12 trillion) bond-buying program. U.S. 10 year bond yields and uncertainty ahead of the latest Federal Reserve meeting minutes, due Wednesday, weighed on Gold’s outlook as well. Gold does not pay interest, so the rise in returns from U.S. ... Read More

Daily Gold & Silver Market Report – 5/18/2015

METALS RISE ON WEAK DATA; GREECE TALKS CONTINUE Precious Metal prices continue to rise during morning trading hours with Gold reaching a three month high. As investors await the minutes of the Federal Reserve’s April meeting, due Wednesday, disappointing economic data has supported metals. Many analysts are looking at September for an interest rate hike, which could be big news for Gold. Capital Economics analyst Simona Gambarini said, “The U.S. data has been a lot weaker th... 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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