Our Daily Gold & Silver
Market Reports

GOLD INCREASES ON SOFTER DOLLAR

Gold recovered Tuesday morning after briefly dropping below $1,200 an ounce. “Prices…seem to be forming a nice technical base in the low $1,190s,” Deutsche Boerse’s MNI senior analyst Tony Walters said. NRC Commodities analyst Andrey Kryuchenkov reiterated this statement, saying, “Gold…clearly found some support around $1,200 [per ounce] at the start of this month and people are still looking at U.S. data.” Non-farm payroll numbers and the lau... Read More

Daily Gold & Silver Market Report – 3/2/2015

METALS ON RISE AHEAD OF ECONOMIC DATA Precious Metal prices are on the move Monday morning as Gold rose to its highest level in nearly two weeks.  As investors prepare for the release of important economic data this week, Gold received a boost from a surprise move out of China.  The world’s second largest Gold market decided to cut interest rates, which in... Read More

Daily Gold & Silver Market Report – 2/26/2015

GOLD UP ON U.S. RATE HIKE VIEW; U.S. CONSUMER PRICES FALL Chinese buyers investing in Gold upon return from the Lunar New Year break and Federal Reserve Chair Janet Yellen indicating the U.S. Central Bank is in no hurry to raise interest rates gave Gold a one percent boost Thursday. "The combination of China returning, Yellen pushing the can further out, bond yields lower and exchange-traded produc... Read More

Daily Gold & Silver Market Report – 2/25/2015

FED POSTPONES HIKING INTEREST RATES; OIL PRICES RALLY The Federal Reserve announced Wednesday they're in no hurry to increase interest rates, which weighed on the dollar and in turn supported Precious Metals prices across the board, with Silver up more than three percent and Palladium reaching a six-week high. The Precious Metals market also welcomed back Chinese buyers following the Lunar New Year holiday, which... Read More

Daily Gold & Silver Market Report – 2/26/2015

GOLD UP ON U.S. RATE HIKE VIEW; U.S. CONSUMER PRICES FALL Chinese buyers investing in Gold upon return from the Lunar New Year break and Federal Reserve Chair Janet Yellen indicating the U.S. Central Bank is in no hurry to raise interest rates gave Gold a one percent boost Thursday. "The combination of China returning, Yellen pushing the can further out, bond yields lower and exchange-traded produc... Read More

Daily Gold & Silver Market Report – 2/23/2015

METALS FLAT AHEAD OF YELLEN TESTIMONY Precious Metal prices are relatively flat through early morning trading as Gold reached its lowest point in seven weeks.  A lack a major investor buying during the Chinese Lunar New Year along with Greece’s newest agreement with eurozone finance ministers has triggered some selling as investors take on risker assets.  Although metals are experiencing a small pullback, many look to Federal Reserve Chairwoman Janet Yellen’s Read More

Daily Gold & Silver Market Report – 2/20/2015

GOLD, PLATINUM GAP LARGEST IN ALMOST TWO YEARS        Since Gold is generally looked at as a hedge during economic uncertainty, the price gap between Gold and Platinum is widening. At one point Friday morning, the price difference was $54, which is the highest spread between the metals since April 2013. “Gold's safe-haven credentials are much greater than Platinum's,” Capital Economics analyst Caroline Bain said. " Read More

Daily Gold & Silver Market Report – 2/19/2015

GOLD GAINS ON FED’S STANCE; U.S. JOBLESS CLAIMS FALL Gold made gains after January’s Federal Reserve policy meeting minutes showed concern for raising interest rates too soon. The minutes also revealed the struggle to shore up solid U.S. economic growth with weakness in international markets as well as continued concern regarding falling inflation expectations. "Be... Read More

Daily Gold & Silver Market Report – 2/18/2015

GOLD PRESSURED BY GREEK FINANCIAL WOES Gold fell 1.8 percent Tuesday on growing concern over Greece’s financial troubles.  The Greek government will ask for an extension on its loan contract with the eurozone Thursday.  “Greece remains the joker, and from looking at all markets from stocks to bonds and the euro the market firmly believes that a solution will be found despite all the current obstacles.  Failure will attract buying of Gold, but for now traders ... Read More

Daily Gold & Silver Market Report – 2/13/2015

GOLD REBOUNDS ON WEAKER DOLLAR Gold is on the rise Friday due to expectations of higher U.S. interest rates and a possible deal in Greece.  With weak retail sales and  jobless claims, Gold is in a holding pattern. An ING Bank senior strategist said, “We are in a holding pattern between $1,150 and $1,300 [per ounce] just because there isn't enough clarity around when the [U.S. Federal Reserve] is going ... Read More

Daily Gold & Silver Market Report – 2/12/2015

GOLD UP ON WEAKER DOLLAR; U.S. ECONOMY STARTING SOFT Rebounding from a five week low, Gold rose Thursday on news of an easing dollar versus the Japanese yen with more uncertainty over Greece’s debt. The dollar rose to a three week high Wednesday against major world currencies, but fell up to one percent versus the yen Thursday due to reports that more monetary stimulus from the Bank of Japan would be counterproductive. Macquarie analyst Matthew Turner said, "T... Read More

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

GOLD BACK ON GREEK UNCERTAINTY; U.S. HOUSING UNDERPERFORMING Gold fell back a bit Wednesday ahead of a meeting with finance ministers to deliberate Greece’s future in the eurozone. The news lifted the U.S. dollar, but worried financial markets. Natixis analyst Bernard Dahdah said, “There has been some retail demand driven by the situation in Europe from the end of December. That said, prices are flat and people are possibly not expecting a breakthrough from this we... Read More

Daily Gold & Silver Market Report – 2/10/2015

METALS DOWN AS UNCERTAINTY LOOMS Precious Metal prices struggle to gain footing in early morning trading while investors monitor the global economic atmosphere. Although metals are currently experiencing a slight decline, growing concern over Greece’s potential exit from the eurozone coupled with extreme uncertainty in the equities markets has some an... Read More

Daily Gold & Silver Market Report – 2/9/2015

METALS RISING AS GREEK FEARS MOUNT Precious Metal prices are rising in early morning trading as investors react to weekend news.  After hitting its lowest point in three weeks, Gold was boosted by Chinese trade data, European economic worries and reemerging fear about Greece’s position in the eurozone.  Societe Generale analyst Robin Bhar said, “ Read More

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

GOLD SLIGHTLY DOWN AS THE UNITED STATES AWAITS JOB DATA REPORT Gold fell slightly as world leaders await results from the U.S. employment data report. A strong report would strengthen the possibility of the Federal Reserve raising interest rates, which would curb Gold’s appeal. A weak report could result in a weaker dollar, boosting bullion prices. Saxo Bank senior manager, Ole Hansen said, Read More

Daily Gold & Silver Market Report – 2/5/2015

GOLD FALLS ON UNCERTAINTY; STOCKS RALLY ON OIL Investors were left on the sidelines with uncertainty as the European Central Bank (ECB) said it will no longer accept Greek bonds for funding on Thursday. Gold fell almost one percent on the news and Athens, which is seeking debt relief from eurozone lenders, received a blow by the ECB’s announcement that low... Read More

Daily Gold & Silver Market Report – 2/4/2015

GOLD ON MOVE; THOUGHTS SPLIT ON INCREASING INTEREST RATES Gold rebounded from yesterday’s 1 percent loss after China’s central bank required banks to reduce the amount of cash on reserves to make it available for stimulating their economy. “Gold's rally this year has partly been based on this premise that central banks are losing their fight against slower growth and deflation and are having to take even more rad... Read More

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

METALS PULL BACK AS INVESTORS CASH IN ON PROFITS Precious Metal prices are off to a slow start Monday morning after closing January with Gold’s biggest monthly rise in three years.  A bleak global economic outlook has supported the metal’s safe haven demand, while the boost in price has caused some investors to begin profit taking.  Societe Generale analyst Robin Bhar sai... Read More

Daily Gold & Silver Market Report – 1/30/2015

GOLD ENDS MONTH UP NEARLY 7% ON ECB UNCERTAINTY The European Central Bank has kept Gold on track for its biggest monthly gain in 1 1/2 years. The metal is starting up today, despite Thursday’s two percent drop. Gold pulled back yesterday with the expectation U.S. interest rates will increase this year. Julius Baer analyst Carsten Menke said, “We're expecting the first interest rate hike early in the fourth quarter, in October. T... Read More

Daily Gold & Silver Market Report – 1/29/2015

GOLD FALLS AS FED OUTLOOK BOOSTS DOLLAR; U.S. HOME SALES DOWN The U.S. Federal Reserve said in Wednesday’s policy statement the economy was expanding “at a solid pace,” but reiterated it would be “patient” when deciding to increase benchmark borrowing costs from zero. “There was a chance that the [Europea... Read More

Daily Gold & Silver Market Report – 1/28/2015

METALS LINGER AHEAD OF FOMC STATEMENT; OIL FUTURES REMAIN DOWN Gold and Silver are slightly pressured ahead of the Federal Open Market Committee (FOMC) statement today following the Federal Reserve’s two-day policy meeting. Policymakers are expected to reinforce their patient approach to increasing interest rates due to recent financial global economic concern. “I think it'll be mostly a non-event. The Fed will probably stick to the status quo and if that proves to be true ... 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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