Our Daily Gold & Silver
Market Reports

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

Daily Gold & Silver Market Report–2/29/2016

GOLD CONTINUES RISE TOWARD BEST MONTH IN FOUR YEARS Gold and other Precious Metals prices are following recent trends and gaining through Monday.  February has been big for Gold as prices have increased almost 10 percent, the metal’s biggest monthly gain since January 2012.  Demand for metals has increased recently on investor concern over the prospect of cen... Read More

Daily Gold & Silver Market Report–2/26/2016

GOLD DOWN, STILL ON BEST RUN SINCE 2011 Gold spot is slightly higher Friday, gaining 0.3 percent to $1,237.30 per ounce, even though there was a rebound in the stock market.  Gold and Silver are still considered safe-haven investments. With the current economic situation, the market will have the opportunity to grow further. Uncertainty about the Federal Reserve’s current interest rate s... Read More

Daily Gold & Silver Market Report–2/25/2016

GOLD UP ON BULLION BUYS; STRONG U.S. DURABLE GOODS OFFER HOPE FOR MANUFACTURING Gold has risen 16 percent this year, returning to its safe-haven appeal for investors concerned over market volatility. The Precious Metal hit a 12-month high at $1,260.60 per ounce in February. Analysts say more investors will draw into Gold if the metal can stay in the $1,250 price range. "The technical picture seems a bit changed and at the same time we don't expect rate hikes f... Read More

Daily Gold & Silver Market Report–2/24/2016

GOLD TOP PERFORMER IN 2016; U.S. STOCK MARKET SUFFERS Gold has been the best performing commodity so far in 2016, increasing by 16 percent as crude oil fell 17 percent and global equities dropped 8 percent.  An optimistic Gold forecast has been presented by Oversea-Chinese Banking Corporation (OCBC) economist Barnabas Gan, who believes the yellow metal could reach $1,400 per ounce in 2016 if global economic conditions persist.  “ Read More

Daily Gold & Silver Market Report–2/22/2016

METALS PRESSURED AS DOLLAR SHOWS STRENGTH Precious Metal prices are on the move Monday morning, giving back some of their recent gains. Recent global market struggles, oil continuing to slump and concern over U.S. interest rates have strengthened the demand for Gold while pressuring the U.S. dollar.  Although the dollar has struggled recen... Read More

Daily Gold & Silver Market Report–2/19/2016

GOLD STEADY AS STOCK MARKET LOWERS; OIL SET FOR WEEKLY INCREASE Spot Gold was steady at $1,231.51 an ounce Friday morning, little changed from $1,231.95 late Thursday. The metal remained steady on expectations that low interest rates will persist.  Turmoil in the market has investors thinking the Federal Reserve will not hike interest rates further this year.  Gold overall is nearly 16 ... Read More

Daily Gold & Silver Market Report–2/18/2016

GOLD EASES AS EQUITIES, DOLLAR STRENGTHEN; U.S. JOBLESS CLAIMS FALL Gold prices have slowed Thursday morning as equities experience a rally, though continued U.S. economic worries have kept the metal above the $1,200 per ounce mark. Dramatic losses in oil helped Gold hit a 12-month high last week to $1,260.60 per ounce. "$1,260 was too high an increase in a short period of time. Gold was overbought," LBBW analyst Thorsten Proettel said. "What we've n... Read More

Daily Gold & Silver Market Report–2/17/2016

GOLD BOUNCES BACK ON FED MINUTES RELEASE; NEW STRATEGY TO BOOST OIL PRICES Gold rebounded Wednesday after three days of losses, rising ahead of the Federal Reserve’s January policy meeting minutes, due today.  The market anticipates no announcement of future plans to increase interest rates, which indicates the U.S. economy isn’t in the best condition, as stated last December. " Read More

Daily Gold & Silver Market Report–2/15/2016

METALS DOWN AS INVESTOR RISK APPETITE RETURNS Precious Metal prices are off to a rough start Monday and are down across the board as investors return from the weekend. After reaching a one-year high last week, Gold prices have taken a hit as the dollar, euro and yen all saw small rallies. This is prompting some investors to take advantage of the recent metals selloff while craving riskier assets.  Although metals are down, some analysts believe Gold is still set for an... Read More

Daily Gold & Silver Market Report–2/11/2016

GOLD SURGES TO ONE YEAR HIGH ON FINANCIAL UNCERTAINTY; U.S. JOBLESS CLAIMS FALL BACK A wave of financial instability and a weak dollar has investors returning to Gold as a safe haven. The yellow metal was able to gain 4 percent, its highest peak in the last 12 months.  U.S. Federal Reserve Chair Janet Yellen had a cautious tone while speaking before the House of Representatives on Wednesday morning and acknowledged a weakened economy is tightening the financia... Read More

Daily Gold & Silver Market Report–2/10/2016

INVESTORS HEAD TOWARD HARD ASSETS; FED RECOGNIZES ECONOMY’S POSITION Gold’s performance so far through 2016 has been outstanding.  The yellow metal has outperformed other major assets, seeing an increase of 12 percent in the past six weeks. "If you're worried about your equity portfolio going lower, you buy Gold as a hedge. If you did that Janu... Read More

Daily Gold & Silver Market Report – 2/8/2016

METALS UP AS WALL ST, GLOBAL STOCKS CONTINUE STRUGGLE Precious Metal prices are gaining momentum and rapidly increasing during Monday morning trading hours.  After seeing its biggest weekly gain last week since August 2015, Gold is poised to continue its run on investor concern over slowing global economic growth.&#... Read More

Daily Gold & Silver Market Report – 2/5/2016

WEAK JOBS REPORT STRENGTHENS GOLD               Spot Gold hit a three-month high Friday morning, touching $1,158.80 per ounce, its highest since Oct. 29.  Investors await the U.S. non-farm payrolls report for clues to the U.S. economy and if the Federal Reserve could raise interest rates, which would pressure the dollar.  "The assessment of Fed policy has changed quite dramatically," Q... Read More

Daily Gold & Silver Market Report – 2/4/2016

GOLD HITS THREE-MONTH PEAK; U.S. RATE OUTLOOK KEEP OIL STRONG Gold climbed to a three-month high Thursday on comments from New York Federal Reserve Chair William Dudley concerning the tightening of the U.S. economy, as he stated the weakening global outlook and tightened financial conditions could have “significant consequences.”  Weak U.S. services sector data along with Dudley’s comments diminished any expectation of the Federal Reserve raising interest rate... Read More

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

GOLD REACHING NEW HIGHS; FED STRATEGIES QUESTIONED Gold is sitting right below a three-month high Wednesday as investors are moving toward safe-haven assets following the U.S. dollar and European shares edging lower.  "We are now hitting up against the 200-day moving average of $1,130 [per ounce].  A close above that level could help. We are... Read More

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

GOLD SET TO GAIN AS OIL, MARKETS CONTINUE DECLINE Gold and Silver prices are relatively flat after Gold reached a three-month high Tuesday.  Many analysts assumed the Federal Reserve would continue to raise benchmark interest rates in 2016. However, with global economic growth concerns at the front of investors’ minds and oil and energy continuing to struggle, Gold’s safe-haven appeal is back. Julius Baer analyst Carsten Menke said, “ Read More

Daily Gold & Silver Market Report–1/29/2016

GOLD DOWN, SHOWS POSSIBILITY FOR BIGGEST GAIN Spot Gold is down slightly Friday on strength of the dollar but has risen nearly 5 percent in January, keeping it on track for its biggest monthly gain in a year. Concerns over China’s growth and the pace of U.S. interest rates hikes are contributing factors. A March rate hike was looking "extremely unlikely," CMC Markets Chief Market Strategist Michael McCarthy said. Read More

Daily Gold & Silver Market Report–1/28/2016

GOLD RETREATS AS WALL STREET RISES; OIL SOARS ON PRODUCTION CUTS Gold backed off its recent high Thursday, falling 1 percent on a rally in oil prices and U.S. stocks opening higher. Gold had been at a 12-week high as the Federal Reserve kept interest rates unchanged, saying it is “closely monitoring” the global economy.  "(Gold) did jump very much higher overnight,... Read More

Daily Gold & Silver Market Report–1/27/2016

GOLD BENEFITS FROM WEAK MARKET; FED STATEMENT RELEASED So far in 2016, Gold has been supported by a weak stock market, after the metal fell 10 percent in 2015. "A potential further decline in equities and market uncertainty about global growth is a good environment for Gold because investors want something defensive,&quo... Read More

Daily Gold & Silver Market Report – 1/25/2016

METALS GAIN AS INVESTORS PREPARE FOR FED MEETING Precious Metal prices are gaining Monday morning as investors return from the weekend. The dollar is down slightly, boosting metals two days before the next Federal Open Market Committee meeting.  Many analysts are concerned about the pace at which the Federal Reserve will continue ... Read More

Daily Gold & Silver Market Report – 1/21/2016

GOLD RETREATS AS EQUITIES RECOVER; U.S. JOBLESS CLAIMS RISE A rebound in European equities has diminished some risk and has Gold down from a two-week high. European shares gained even as Asian volatility has shaken global markets. Gold has been at a two-month high as a glut of oil brought oil prices dramatically down and fears of a global slowdown abound. "You're not seeing so much safe haven bidding, although that is probably supporting the market," Soci... Read More

Daily Gold & Silver Market Report – 1/20/2016

GOLD REBOUNDS ON STUMBLING OIL PRICES, U.S. STOCK MARKET Gold hovered over the $1,100 per ounce threshold Wednesday morning on rising concerns over China’s economic growth after the International Monetary Fund cut the country’s global growth forecast three times in less than a year.  "Gold's safe-haven rationale is back in vogue," Citigroup analysts ... Read More

Daily Gold & Silver Market Report–1/14/2016

GOLD FALLS AS WALL STREET OPENS HIGHER; U.S. JOBLESS CLAIMS RISE Gold’s safe-haven appeal weakened as Wall Street opened higher Thursday as oil prices rebounded from 12-year lows. Gold had been at a two-month high on recent Chinese stock volatility as investors took to Gold to reduce risks. "Overall we are seeing a reversal of some of the renewed anxiety that crept into the market yesterday," said Saxo Bank's head of commodity strategy, Ole Hansen. "... Read More

Daily Gold & Silver Market Report–1/13/2016

GOLD STILL SAFE-HAVEN ASSET; OUTLOOK FOR OIL GLOOMY Gold moved up Wednesday morning attempting to erase the past three days of losses due to a stronger U.S. dollar. “Gold remains a destination for ‘safe money’ during the flare ups of volatility and further weakness in global equities could fuel a continuation of the recent rally into the mi... Read More

Daily Gold & Silver Market Report–1/11/2016

INVESTORS ON EDGE AS OIL STAYS AROUND 12-YEAR LOW Gold and Silver prices are relatively flat during Monday morning trading hours as investors return from the weekend.  Although the U.S. dollar saw a small rebound against other major currencies, growing geopolitical tensions in the Middle East and concern over China’s continued economic struggles have... Read More

Daily Gold & Silver Market Report–1/8/2016

GOLD DOWN AS STOCKS REBOUND Gold spot is down Friday after a nine-week high as the stock market rebounded. The prospect of rising interest rates in the United States was a key factor pushing Gold down more than 10 percent in 2015. European stocks climbed as Chinese policy boosted the yuan.  Spot Gold peaked early Friday at $1,112 per ounce but quickly pared gains and dropped  1 percent to $1,097.30. "Concerns over China, and possibly the Middle East,... Read More

Daily Gold & Silver Market Report–1/7/2016

GOLD HITS NINE-WEEK HIGH ON CHINA WORRIES; WALL STREET SHAKEN ON CHINA, OIL Concerns over the Chinese economy helped Gold break $1,100 per ounce to reach a nine-week high. Investors scrambled money into safer assets as stocks took a hit after the Chinese yuan fell 7 percent. Gold is viewed as a safe haven and often looked to when global stocks appear unstable. "Gold's strength is probably going to be relatively short term, but there is an upside risk to Gold, ... Read More

Daily Gold & Silver Market Report–1/6/2016

GOLD UP ON GLOBAL ECONOMIC UNCERTAINTIES; THE FED’S NEXT MOVE Gold reached a four-week high Wednesday as fears rise over global economic conditions and geopolitical concerns.  Gold hit a high in December at $1,088.70 per ounce and was able to rebound twice from the $1,045 price range; therefore analysts believe if Gold stays above $1,088 it has possibly bottomed out for now.  "As we go higher, we could see some of that physical demand beginning to slow. Read More

Daily Gold & Silver Market Report – 1/4/2016

GOLD RISES AS WORLD WORRIES ABOUT GLOBAL ECONOMY Gold and Silver prices are gaining during Monday morning hours moving toward their highest point in nearly two weeks.  Metals are receiving support from safe haven demand as China’s continued struggles have investors again concerned about a global economic slowdown. This news, coupled with rising ... Read More

Daily Gold & Silver Market Report – 12/30/2015

GOLD’S PERFORMANCE IN 2015; PESSIMISTIC VIEWS ON FED’S RATE HIKE As the year comes to an end, it’s time to reflect on how Precious Metals prices have fluctuated through the many ups and downs the market encountered this year. Gold appears to be heading towards its third consecutive annual loss, which can be attributed to a few reasons. In 2014, the focus was on the Federal Reserve cutting back its quantitative easing measures at each policy meeting, which pressured Pr... Read More

Daily Gold & Silver Market Report – 12/23/2015

GOLD STABILIZES AHEAD OF HOLIDAY; OIL’S RECENT, ANNUAL PERFORMANCE UNFOLDED Precious Metals prices remain steady ahead of markets closing early Thursday for the Christmas Eve holiday. Wednesday morning will see the personal income and spending and durable goods report, as well as the new home sales and consumer sentiment report.  Depending on what is conveyed in these reports, it could support either Precious Metals or the U.S. dollar.  " Read More

Daily Gold & Silver Market Report – 12/21/2015

METALS UP AS INVESTORS DIGEST INTEREST RATE HIKE After losing some ground following last week’s move by the Federal Reserve to increase interest rates for the first time in nearly a decade, Precious Metal prices are on the rise during Monday morning trading. Although the announcement was seen as a positive for the greenback, uncertainty on the pace of future increases has we... Read More

Daily Gold & Silver Market Report – 12/18/2015

DOLLAR RECOVERS FROM FED INTEREST RATE HIKE The Federal Reserve increased interest rates for the first time in nearly a decade, sparking a surge in the dollar and global stocks. After bottoming out Thursday at $1,047.25 an ounce, within a few dollars of a six-year low reached on Dec. 3, Gold was up 0.49 percent Friday at $1,056.56 an ounce. The possibility of the rate increase had investors on the fence this year. Now the focus will turn toward the pace of further increases, making... Read More

Daily Gold & Silver Market Report – 12/16/2015

GOLD DROPS AFTER FED RATE HIKE; GLOBAL STOCKS, DOLLAR RISE The U.S. dollar surged while Gold fell one percent following the Federal Reserve raising interest rates Wednesday. Policymakers left the door open for more increases in 2016 but also stated they may take a gradual approach. Gold rallied Wednesday before the Fed announcement but had been down almost 10 percent overall this year. " Read More

Daily Gold & Silver Market Report – 12/16/2015

FED’S DECISION TO INCREASE RATES EXPECTED TODAY Gold and Silver both rose Wednesday morning ahead of the Federal Reserve’s announcement on whether they plan to hike interest rates for the first time in nearly a decade. The market expects a proposal to increase rates slowly over time, which is supporting Precious Metal prices.  Gold has made a comeback after nearly reaching a six-year low earlier this month due to the U.S. dollar fluctuating and global financial concerns... Read More

Daily Gold & Silver Market Report – 12/14/2015

INVESTORS KEEP WATCHFUL EYE PREPARING FOR FOMC MEETING Precious Metal prices are relatively flat during Monday morning trading hours as investors prepare for news out of this week’s Federal Open Market Committee meeting.  The Federal Reserve has flirted with raising interest rates for the first time in nearly a decade and many expect an announcement once their final meeting for the year concludes Wednesday.  Although an interest rate hike would likely pressure meta... Read More

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

GOLD, OIL  DOWN PREPARING FOR FEDERAL RESERVE MEETING Spot Gold fell 0.7 percent to $1,064.11 an ounce Friday morning after closing flat the last two sessions. The metal was on track for a two percent decline for the week and a seventh weekly drop. Investors are prepared for the Federal Reserve to announce the first interest rate hike in nearly a decade at their next policy meeting, set for Dec. 15-16. "What we are likely to see in the next three months is the discussion ... Read More

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

DOLLAR REBOUND POSES RISK TO GOLD; U.S. JOBLESS CLAIMS AT 5-MONTH HIGH The U.S. dollar rebounded Thursday on expectations of the first interest rate increase in a decade at next week’s Federal Reserve meeting. Gold has lost 9 percent in value this year and higher interest rates could weigh on demand for the non-interest-paying metal. Another bearish factor for Gold is current weakness in oil, as Gold is often used as a hedge against oil-led inflation.  "G... 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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