Our Daily Gold & Silver
Market Reports

Daily Gold & Silver Market Report – 11/12/2015

GOLD NEARS 6-YEAR LOW ON FED PRESSURE; IMF SAYS FED SHOULD WAIT Heightened expectations of an interest rate increase by the Federal Reserve have Gold nearing a six-year low. Continued positive economic reports have boosted expectations of the Fed raising rates this year. "The Fed has been driving the bulk of the move down from around $1,200 [per ounce] to below $1,100," Standard Chartered analyst Paul Horsnall said. "But ultimately, Read More

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

LIKELINESS OF FED HIKING RATES IN DECEMBER RISES Last Friday’s strong non-farm payroll stunned the market and pressured Precious Metals.  Now, analysts suggest the Federal Reserve will increase interest rates for the first time in nearly a decade before the end of 2015.  "If there [is] a December rate hike, the next question is what's the path... Read More

Daily Gold & Silver Market Report – 11/10/2015

METALS CONTINUE DECLINE ON FED SPECULATION Precious Metal prices are on the decline Tuesday morning as the U.S. dollar approaches a seven-month high. Speculation that the U.S. Federal Reserve will finally begin raising interest rates in December for the first time in nearly a decade has bolstered demand for the dollar while adding pressure to metals.  Although the hike is expected to Read More

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

JOBS REPORT DROPS GOLD, BOOSTS DOLLAR Both Gold spot and Gold futures fell 1 percent Friday after the Bureau of Labor Statistics reported nonfarm payrolls grew 271,000 for October, a sharp jump from August and September numbers. A Federal Reserve interest rate increase is a possibility, if justified by economic data coming out today. "The technical picture has weakened this week after the Fed officials' comments, and prices are struggling above the $1,100 [per ounce] area. Tod... Read More

Daily Gold & Silver Market Report – 11/5/2015

GOLD DOWN AS DECEMBER RATE RISE STILL ON TABLE; U.S. JOBLESS CLAIMS RISE The U.S. dollar gained strength Thursday on comments from the Federal Reserve that a December interest rate increase was still on the table, prompting Gold to slip to $1,105.15 per ounce, its lowest point since October 2. Federal Reserve Chair Janet Yellen stated a December rate hike is a “live possibility,” though the Fed is awaiting the release of more economic data. An increase in returns o... Read More

Daily Gold & Silver Market Report – 11/4/2015

GOLD PRESSURED BY POTENTIAL RATE HIKE; FED EYEING JOB GROWTH REPORTS Gold is attempting to recover from Tuesday’s losses after the dollar strengthened on speculation the Federal Reserve may increase interest rates in 2015. "The main driver behind the down move is that more market participants now believe that the Fed will begin... Read More

Daily Gold & Silver Market Report – 11/2/2015

METALS LOSE GROUND AS RATE HIKE LOOMS Precious Metal prices are on the decline Monday morning as Gold hit a four-week low. Although the U.S. dollar is on the downturn and Gold has seen a recent rally, a hawkish tone by the U.S. Federal Reserve after last week has fueled speculation that an interest rate increase is still o... Read More

Daily Gold & Silver Market Report – 10/30/2015

GOLD STEADIES, STILL AT 3 WEEK LOW The dollar retreated Friday, causing spot Gold to steady at a three-week low after the U.S. Federal Reserve indicated it may raise interest rates in December. Spot Gold was at $1,145.55 an ounce Friday morning after slipping to $1,144.01 per ounce, its lowest since Oct. 9. "The market was clearly anticipating kicking rate rises into the long grass, and of course Read More

Daily Gold & Silver Market Report – 10/29/2015

GOLD NEAR TWO-WEEK LOW ON RATE HIKE TALK; WALL STREET LOWER ON WEAK GDP Gold is at a two-week low on hawkish notes from the Federal Reserve that a December rate hike is not out of the question. The central bank stated they will have to watch November economic data to gauge the timing of a possible interest rate increase. "The Fed wording is more positive than it was and Read More

Daily Gold & Silver Market Report – 10/28/2015

GOLD RISES AS FED MEETING ENDS; YELLEN EARNS C+ BY CNBC SURVEY Gold soared over $1,180 an ounce as the dollar fell ahead of Wednesday’s policy statement from the Federal Reserve.  The 200-day moving average for the yellow metal is $1,172 an ounce, which is a vital price point that hadn’t been reached since May. The Fed is wrapping up a two-day... Read More

Daily Gold & Silver Market Report – 10/23/2015

FOCUS ON DOLLAR BOOSTS GOLD Spot Gold rose 1 percent to $1,178.26 an ounce after falling as low as $1,162.50 Thursday, its lowest since Oct. 13. Support comes from a softer dollar, which was up slightly over the euro on comments by the European Central Bank. Focus remains on the dollar as markets expect U.S. manufacturing PMI numbers to show a slight dip from September. "That's the first manufacturing PMI for any major economy that we're going to see for October," ICBC St... Read More

Daily Gold & Silver Market Report – 10/22/2015

GOLD NEAR WEEK-LOW ON FIRMER DOLLAR; U.S. JOBLESS CLAIMS POINT TO FIRMING LABOR MARKET Continued uncertainty as to the timing of a Federal Reserve interest rate increase, as well as a stronger dollar, has steadied Gold near its lowest point this week. Investors seeking safety from commodity-linked assets and emerging market currencies boosted the dollar from seven-week lows. Earlier in the year Gold saw 5 1/2-year lows on expectations for a 2015 rate hike, yet now... Read More

Daily Gold & Silver Market Report – 10/21/2015

MARKET FOCUSES ON FEDERAL RESERVE, ECB POLICY MEETINGS Investors hope the Federal Reserve’s last two policy meetings of the year provide hints for their next plan to stimulate the U.S. economy. The Fed meets on October 27-28, with their last 2015 meeting set for December 15-16. The futures market has set pricing with expectations the Fed will not increase interes... Read More

Daily Gold & Silver Market Report – 10/19/2015

GOLD SLIDES; DEBT CEILING AGREEMENT DEADLINE APPROACHING Gold eased Monday after rising 7 percent in October from weak U.S. job data released earlier in the month.  "Last week was all dollar-driven," Afshin Nabavi, head of trading at MKS in Switzerland, said. "Stop after stop was triggered. A break of $1,200-1,225 [per o... Read More

Daily Gold & Silver Market Report – 10/16/2015

GOLD DOWN, STILL ON TRACK FOR 2 WEEK GAIN Gold fell Friday as the dollar recovered from concerns of the strength of the U.S economy.  Thursday’s U.S. inflation data boosted the dollar, but doubt of the Federal Reserve increasing the interest rate this year is keeping the metal on track. Spot Gold was down to $1,181.90 an ounce but is on track to rise 2 percent t... Read More

Daily Gold & Silver Market Report – 10/15/2015

GOLD RETREATS ON U.S. INFLATION DATA; GASOLINE WEIGHS ON CONSUMER PRICES News of a stronger-than-expected U.S. inflation report boosted the dollar over the euro and has Gold retreating. Gold previously rallied 1.4 percent on sluggish economic data, but Thursday’s data showing a steady gain in inflation renewed speculation of a Federal Reserve interest rate increase. "Over the last couple of days Read More

Daily Gold & Silver Market Report – 10/14/2015

GOLD BOUNCES OFF WEAK DOLLAR; RACE TO INCREASE DEBT CEILING BEGINS SOON Gold is benefiting from the Federal Reserve’s decision to back down from increasing interest rates, rallying 9 percent since July. “I think the Fed could be on hold and the Gold market could benefit from that substantially,” TradingAnalysis.com founder Todd Gordon said Tuesday on CNBC's "Trading Nation." Gordon suggests a weaker U.S. dollar would provide Gold the nudge it needs. “It looks like ... Read More

Daily Gold & Silver Market Report – 10/12/2015

METALS CONTINUE RISE AS DOLLAR TESTS RECENT LOWS After seeing price increases last week, Precious Metals are continuing to gain during Monday morning trading hours. Investors are speculating, based on recent economic data, the Federal Reserve will not raise interest rates until next year, which has boosted metals and helped Gold reached its highest level s... Read More

Daily Gold & Silver Market Report – 10/9/2015

GOLD RISES , U.S. DOLLAR LOSES ON FED MINUTES Spot Gold is up one percent Friday morning.  The climb was in reaction to the Federal Reserve not being in any hurry to raise the interest rates.  Spot Gold was up 1.33 percent at $1,153.71 an ounce. On Thursday, prices had rallied only briefly after the Fed minutes before closing down 0.6 percent despite a softer U.S. dollar. "Gold was choppy following the U.S. FOMC minutes that did not give a clear indication of whether... Read More

Daily Gold & Silver Market Report – 10/8/2015

METALS DIP ON STEADY SHARES, CHINA’S RETURN; WALL STREET AWAITS FED MINUTES China’s return to the market from a four-day holiday and steady European shares have Gold retreating from a two-week high while Silver is down 4 percent. During the Chinese holiday, slower U.S. economic data helped Gold gain $30 per ounce, with Silver rising $1.50. "We'll ... Read More

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

GOLD DIPS ON STRONG DOLLAR; RATE HIKE STILL UNCERTAIN Gold dipped lower in reaction to a stronger U.S. dollar Wednesday, as the Federal Reserve’s decision to possibly postpone raising interest rates remains on investors’ minds. Domestic and global issues have caused concern on whether the U.S. is ready for an interest rate hike. Last week’s non-farm payrolls r... Read More

Daily Gold & Silver Market Report – 10/5/2015

METALS CONTINUE RISE AS U.S. DOLLAR IS PRESSURED After seeing its biggest one-day leap in nine years Friday, Gold continues to rise during Monday morning trading hours. Disappointing jobs data released at the end of last week helped fuel speculation the Federal Reserve will continue to postpone raising interest rates, which has supported metals. Saxo Bank se... Read More

Daily Gold & Silver Market Report – 10/1/2015

GOLD SLIDES AHEAD OF PAYROLLS DATA; CONFLICTING LABOR MARKET, U.S. FACTORIES REPORTS Positive U.S. jobs data propelled further speculation the Federal Reserve will raise interest rates this year, as the strength of the jobs market has been a key factor as to when to increase rates. Investors expect a strong U.S. non-farm payroll report Friday, considering payroll processor ADP reported 200,000 jobs added in September. "This week there has been pressure ahead o... Read More

Daily Gold & Silver Market Report – 9/30/2015

U.S. ECONOMIC DATA PRESSURES METALS The U.S. private sector announced Wednesday it added 200,000 jobs in September. Payroll processor ADP confirmed this announcement, noting the construction industry added 35,000 employees for the month. Additionally, the housing market has seen a remarkable turnaround in the past decade with sales surging in 2015. The Labor Department will issue non-farm payroll figures Friday, which will provide a better idea of how the eco... Read More

Daily Gold & Silver Market Report – 9/28/2015

METALS DOWN AHEAD OF YELLEN, FED STATEMENTS Precious Metal prices have declined during Monday morning trading hours, giving back much of their recent gains.  As investors continue to speculate on the timing of a Federal Reserve interest rate hike, the U.S. dollar has moved close to a five-week high, pressuring metals. Investors will keep a... Read More

Daily Gold & Silver Market Report – 9/25/2015

GOLD DOWN AS DOLLAR GETS BOOST Gold fell from its one-month high Friday as Federal Reserve Chair Janet Yellen’s speech sparked a rally that sent the dollar to a five-week high against world currencies. Following the September Fed meeting that kept the interest rate increase on hold, Gold rallied and hit its highest since August 25."In her speech, Yellen said... the Fed w... Read More

Daily Gold & Silver Market Report – 9/24/2015

GOLD, PLATINUM RISE AS DEMAND ON DEMAND WORRIES; WEAK U.S.DATA PUSHES OIL LOWER Cautious investors are moving toward Gold as a safe-haven bid due to worries over the slowing growth in China and U.S. durable goods falling 2 percent last month. Continued concern over possible tightening in U.S. monetary policy has investors awaiting a speech by Federal Reserve Chair Janet Yellen Thursday to provide more clues as to when interest rates will be raised. Fears over the V... Read More

Daily Gold & Silver Market Report – 9/23/2015

LOWER U.S. STOCKS, DOLLAR SUPPORT GOLD; FED PLANS IN QUESTION Gold is slightly up Wednesday following a two-day loss of 1.3 percent. Analysts expect Gold to gain safe-haven support as U.S. stocks and the U.S. dollar both fell this week. “With other markets looking more stressed, Gold may well start to shine again,” Fastmarkets head of research William ... Read More

Daily Gold & Silver Market Report – 9/22/2015

METALS DOWN AS DOLLAR GAINS STRENGTH Precious Metal prices are pulling back during Tuesday morning trading hours and giving back some recent gains. The dollar has been down since last week’s Federal Reserve announcement not to increase interest rates, but renewed speculation on a rate hike taking place this year provided a small rebound.  This... Read More

Daily Gold & Silver Market Report – 9/18/2015

GOLD A TWO-WEEK HIGH AS INTEREST RATE STAYS UNCHANGED Gold is at a two-week high Friday morning due to the continued uncertainty of the first U.S. interest rate increase in a decade.  The decision by the Federal Reserve to leave the interest rate as is weighed on the U.S. dollar. Gold has benefited in recent years from ultra-low rates, which cut the opportunity cost of holding the non-yielding asset. "The Fed statement had a clear dovish tone and this weighed on the U.S. ... Read More

Daily Gold & Silver Market Report – 9/17/2015

GOLD EASES AS MARKET AWAITS FED DECISION; U.S. JOBLESS CLAIMS LOW After seeing its largest one-day jump, Gold eased Thursday as investors await news from the Federal Reserve’s policy meeting as to whether a rate hike will happen for the first time in a decade. Spot Gold rose 1.3 percent Wednesday in its largest gain since August 20. China’s slowing economic growth and global market volatility has lowered expectations of an increase. "It is a very close call - ... Read More

Daily Gold & Silver Market Report – 9/16/2015

PRECIOUS METAL PRICES JUMP AS FOMC MEETING BEGINS The Federal Reserve begins a two-day policy meeting Wednesday to discuss the economy and possibly increasing interest rates for the first time in almost a decade.  The market is uncertain on the direction of the Fed on been growing concerns over global economic stability and unpredictability in financia... Read More

Daily Gold & Silver Market Report – 9/14/2015

METALS LOOK FOR DIRECTION AS INVESTORS PREPARE FOR FED MEETING Precious Metal prices are trading relatively flat during morning trading hours returning from the weekend.  The Federal Reserve begins its highly anticipated two-day policy meeting Wednesday, where investors expect clarification on whether the Fed will begin to raise interest rates this... Read More

Daily Gold & Silver Market Report – 9/11/2015

GOLD DOWN FOR THIRD CONSECUTIVE WEEK ON DOLLAR, FED Gold is down Friday due to a firmer dollar and has been further fueled by the uncertainty of the Federal Reserve’s first interest rate hike in nearly a decade. The metal was down two percent for the week, reaching $1,099.05 per ounce Wednesday. "Our house view is that [the Fed] will wait until December,"... Read More

Daily Gold & Silver Market Report – 9/10/2015

FOCUS ON FOMC; WALL STREET FLAT AMID GLOBAL GROWTH CONCERNS Investors remain cautious as they await news from the Federal Open Market Committee (FOMC) meeting Sept. 16-17, which may lend more clues as to the Federal Reserve raising interest rates. Uncertainty on the timing of a rate hike has increased with continued mixed economic data and China’s slowing growth. " Read More

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

NEXT WEEK’S FED MEETING ALREADY MOVING MARKET The Gold price eased Wednesday morning ahead of next week’s Federal Reserve policy meeting, scheduled for September 16- 17.  The market anticipates at least a sign from the Fed on whether they’ve decided to increase interest rates and when it might occur.  Low interest rates set by the Fed supported Gold in recent years, however the metal has moved down 5 percent this year due to the thought the Fed may hike rates for t... Read More

Daily Gold & Silver Market Report – 9/04/2015

GOLD ON TRACK FOR SECOND STRAIGHT WEEK OF DECLINE Gold is down Friday morning as traders await the U.S. nonfarm payroll report, which would give clues to the timing of the Federal Reserve rate hike. “Gold is already pricing in diminished odds of a September rate hike,” Phillip Futures analyst Howie Lee said. “A strong labor market report will increase the odds of a ra... Read More

Daily Gold & Silver Market Report – 9/03/2015

GOLD SLIPS AFTER ECB COMMENTS; WALL STREET HIGHER ON DATA, ECB COMMENTS Gold fell one percent Thursday following comments the European Central Bank cut its inflation forecasts, citing weak oil prices as well as a slowdown in emerging markets. The news boosted the dollar against the euro. The U.S. jobs report remains in focus to lend more detail to the strength of the labor market and give clues on the timing of an interest rate hike by the Federal Reserve. "On... Read More

Daily Gold & Silver Market Report – 8/31/2015

METALS FLAT AS INVESTORS PREPARE FOR ECONOMIC DATA Precious  Metal prices are trading relatively flat during early afternoon trading hours Monday as investors return from the weekend.  As concern grows over China’s stock market and speculation as to when the U.S. Federal Reserve will increase interest rates, many investors are eyeing economic data this week fo... Read More

Daily Gold & Silver Market Report – 8/28/2015

GOLD HIGHER, STILL LOOMS LOW ON RATE INCREASE POSSIBILITY The Gold price is slightly up Friday but is still on track for its biggest weekly drop, as U.S. data supports a near-term interest rate increase. Despite the recent turmoil in China, an increase is still expected.  “The big question for next week is whether the anxiety that crept into the market on August 10 when China devalued its currency is going to continue,” Saxo Bank senior manager Ole Hansen said... Read More

Daily Gold & Silver Market Report – 8/27/2015

GOLD ARRESTS 3-DAY SLIDE AS TALK OF IMMINENT RATE HIKE FADES Speculation that a U.S. interest rate increase may come later than expected helped steady Gold. After a U.S. policymaker said the case for a September rate hike “seems less compelling” than a few weeks ago, European shares increased 2.6 percent. “The market is very nervous,” MKS Head of Trading Afshin Nabavi said. “ 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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