Our Daily Gold & Silver
Market Reports

Daily Gold & Silver Market Report – 7/23/2015

GOLD BOUNCES BACK FROM 5 YEAR LOW; JOBLESS CLAIMS DROP TO 41 YEAR LOW Some investors took advantage of a retreat in the U.S. dollar and bought back into the market Thursday as Gold rose above the $1,100 per ounce mark. Gold posted its biggest one-day loss in the last two years and pushed past key levels. The expectations of the Federal Reserve raising interest rates this year could boost the cost of holding the non-yielding bullion and lend strength to the dollar. ... Read More

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

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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