Our Daily Gold & Silver
Market Reports

Morning Gold & Silver Market Report – 10/15/2014

GOLD REACTS TO STRONG DOLLAR; INFLATION CONCERNS MAY BEGIN FOR U.S. MARKET Gold reached a four-week high yesterday, but has lost traction today due to a stronger U.S. dollar.  The concern over global growth is currently supporting the yellow metal and preventing a further price drop.  "Gold is at the mercy of other markets," Macquarie analyst Matthew Turner said. "There are two views here... Read More

Closing Gold & Silver Market Report – 10/14/2014

DOW SLIGHTLY DOWN; GOLD, SILVER MAINTAIN GAINS Gold and Silver prices continued an upbeat week with modest gains. The U.S. equity market ended a severe three day skid, but gains were minimal. The S&P 500 and Nasdaq were up slightly while the Dow slipped five points. U.S.-led airstrikes intensified as Islamic State fighters threatened Kurds alon... Read More

Morning Gold & Silver Market Report – 10/14/2014

GOLD ON RISE; CRUDE OIL MOVING DUE TO SUPPLY Precious Metals prices are on the rise this morning, with Gold close to its highest price in nearly four weeks, as the market has noticed slowing global economic growth. “What we saw last week was that the dollar hit its strongest level to the euro in a couple of years, when Gold fell to its lowest price since December 2013,” Thorsten Proettel, a commodity analyst at LBBW, said. Investors are eyeing the eurozone after the euro fel... Read More

Closing Gold & Silver Market Report – 10/13/2014

Published on 10/13/2014 4:20 pm by Chris Boswell GOLD HIGHER DUE TO DOLLAR WEAKNESS & CHINESE DATA Gold rose to $1,237 before settling at $1,231 to end the trading day in London.  Much of the action in Precious Metals today was a result in the weakness of the dollar, which fell 50 BPS against the Euro.  However, the shiny yellow metal rose today as it proved to be a safety play for investors that are showing inc... Read More

Morning Gold & Silver Market Report – 10/13/2014

GOLD, SILVER OFF TO QUICK START; GOLD HITS FOUR-WEEK HIGH Two factors boosting Gold and Silver’s safe haven appeal today are growing concern about the declining global economy and the possibility this will cause the U.S. Federal Reserve to push back raising interest rates. “Gold is going to be doubly influenced by both t... Read More

Weekly Gold & Silver Market Report – 10/10/2014

This week was positive for Gold and Silver, while the U.S. stock market suffered sharp losses after a good start on Monday. Economic data coming out of the U.S. along with the jobs report maintained positive momentum. However, economic data coming out of the Eurozone, especially Germany continued to paint a dismal picture. The declining European economy is not new information, but it was as if this week the light went on and the revelation we learned back during the Great Recession hit hom... Read More

Morning Gold & Silver Market Report – 10/10/2014

METALS DOWN SLIGHTLY AS U.S. STOCKS STRUGGLE Precious Metal prices are slightly down through early morning trading.  After four days of consecutive gains, a stronger dollar caused the metals to take a slight dip. However, with many still concerned about the possibility of a widespread economic slowdown, the metals should continue to have support. Afshin Nabavi... Read More

Closing Gold & Silver Market Report – 10/9/2014

GOLD, SILVER MAINTAIN GAINS; STOCKS DIVE 300 POINTS The U.S. stock market had its worst day of the year and more than erased yesterday’s rally. The U.S. corporate earnings and jobs reports were nearly overlooked as traders focused on global concerns, especially in the eurozone. Add the global economic concerns to geopolitical tension and a growing Ebola threat, and you get a big market drop. "... Read More

Mid-Day Gold & Silver Market Report – 10/9/2014

GOLD & SILVER CLIMB – DOW OFF OVER 250 POINTS It is rare that the minutes of FOMC meetings reveal information that rises to the level of surprising, but yesterday’s release can be considered no less than surprising. There is still a great deal of debate within the Fed as to when to raise interest rates. This has caused concerns that rates will be raised sooner ra... Read More

Morning Gold & Silver Market Report – 10/9/2014

GOLD, SILVER RECOVER SHARPLY AFTER FED MINUTES After the Federal Reserve’s September meeting minutes were released Wednesday, Gold and Silver prices continue to recover from recent losses. The U.S. dollar fell, adding to Gold’s progress. An MKS SA executive said, “The air has been cleared and we know that an early interest rate increase in the U.S. is not as likely as people had expected. A lot of peopl... Read More

Closing Gold & Silver Market Report – 10/8/2014

METALS MOVE UP AS U.S. DOLLAR FALLS Precious Metals continue to climb as investors digest minutes from the latest Federal Open Market Committee meeting showing the U.S. Central Bank has concerns about the U.S. dollar as well as European inflation and economic turmoil.  Alternative Investments Capital Asset Management LLC managing director of trading Daniel Hwang said, “The main focus for Gold investors now i... Read More

Mid-Day Gold & Silver Market Report – 10/8/2014

GOLD, SILVER PRICES SLIP INTO THE RED Gold and Silver prices have lost ground and moved into the red heading into the afternoon as stocks have come up from morning losses and are now positive. "I think what the market is doing this morning is it's trying to test whether yesterday's selloff is over with," Banyan Capital Partners Chief Market Strategist Robert Pavlik said. Low oil prices and the stronger doll... Read More

Morning Gold & Silver Market Report – 10/8/2014

GOLD REBOUNDS AS PHYSICAL DEMAND INCREASES Gold and Silver prices continue to rebound from lows experienced earlier in the week as stock markets slow down. Saxo Bank head of commodity research Ole Hansen explained, “Precious Metals are finding support from several corners today. Stock markets are once again showing signs of weakness, while U.S. bond yields are moving lower once again. Adding to this is ... Read More

Closing Gold & Silver Market Report – 10/7/2014

IMF GROWTH PROJECTIONS BOOST GOLD, WEIGH ON STOCKS Gold is trading higher Tuesday as investors sought the safe-haven appeal of Precious Metals following a report by the International Monetary Fund that cut its global growth forecasts. “Following yesterday's rally, traders are in a wait-and-see attitude now after the IMF lowered world growth and issued som... Read More

Mid-Day Gold & Silver Market Report – 10/7/2014

FORMER FED CHAIR ALAN GREENSPAN TALKS UP GOLD In an article published last week, former Federal Reserve chair Alan Greenspan said that China could be thinking of making major Gold purchases, perhaps, even thinking about making their currency (renminbi), convertible to Gold. What would happen if this were announced? Would other countries be forced t... Read More

Morning Gold & Silver Market Report – 10/7/2014

METALS CONTINUE RALLY AHEAD OF FED MINUTES Precious Metal prices are rising through early morning trading. Although the U.S. dollar is rallying toward a four year high, a recent rare dip has kept the currency from making a solid advance and has taken some pressure off Gold. Even with today’s gains, some analysts are forecasting a rough road ahead for the m... Read More

Closing Gold & Silver Market Report – 9/6/2014

GOLD RALLIES AS STOCKS, DOLLAR DIP The Gold price realized its largest session of gains in two months as the U.S. dollar retreated more than it has in one year. “The dollar drifting lower is adding support to Gold,” Saxo Bank Head of Commodity Strategy Ole Hansen said. “Almost all of Gold’s weakness we’ve seen has been a strong-dollar move.” Re... Read More

Mid-Day Gold & Silver Market Report – 9/6/2014

GOLD, SILVER, PLATINUM & PALLADIUM PRICES MOVING UP The Precious Metal Complex is moving up in morning trading as the U.S. dollar is showing signs of weakness. The global equity market was generally upbeat Monday, while the U.S. stock market is down. There is growing concern about a market correction. "Sentiment has been very negative; the markets have declined some and investors have got... Read More

Morning Gold & Silver Market Report – 10/6/2014

GOLD RECOVERS FROM OVERNIGHT LOSSES The Gold price increased slightly in morning trading but still below the key psychological level of $1,200 per ounce. At one point in overnight trading, the Gold price was just above a key support level of $1,180 per ounce. Ronald Leung of Lee Cheong Gold Dealers in Hong Kong, said, “A strong dollar is a major problem for gold. Sentiment is very bearish but I think we... Read More

Weekly Gold & Silver Market Recap – 10/3/2014

The correlation between the U.S. equity market and Gold was unusually high this week, as both markets suffered losses. U.S. stocks closed out strong Friday on the upbeat jobs report, but for the week geopolitical tensions and the IMF cutting the global economic growth outlook drove U.S. stocks down. The U.S. dollar is the big winner as it continues to show strength relative to other fiat currencies. T... Read More

Mid-Day Gold & Silver Market Report – 10/3/2014

GOLD REACTS TO JOBS REPORT; REAL UNEMPLOYMENT RATE UNCERTAIN Precious Metals prices quickly began moving down after the U.S. Labor Department showed an estimated 248,000 jobs were created in September. They also announced the unemployment rate fell to 5.9 percent, its lowest point since July 2008. Gold broke new ground on the news, falling under $1,200 an ounce for the first time in 2014, while Platinum dropped about 3 percent. " Read More

Morning Gold & Silver Market Report – 10/3/2014

METALS DOWN AHEAD OF JOBS DATA Precious Metals prices are lower through early morning trading.  As the U.S. dollar continues to rebound and provide pressure to metals,  investors have watchful eyes on today’s release of U.S. jobs data.  ABN Amro analyst Georgette Boele said, “What causes the big swings in Precious Metals is what investors are doing a... Read More

Closing Gold & Silver Market Report- 10/2/2014

ECB, JOBS REPORT EYED AS GOLD STRUGGLES TO RECOVER Gold and Silver fell again Thursday as the prospect of domestic economic improvement and a higher interest rate environment further quelled the demand for Precious Metals. “The stronger U.S. macro outlook is driving expectations for a U.S. interest rate hike, which is supporting the doll... Read More

Mid-Day Gold & Silver Market Report- 10/2/2014

THE IMF CUTS GLOBAL ECONOMIC GROWTH OUTLOOK Although there is anecdotal evidence that the U.S. economy is inching forward the same cannot be said for the global economy. Today, International Monetary Fund (IMF) Managing Director Christine Lagarde said the global economic rebound is weaker than expectations six months ago. "Yes, there is a recovery but as we all know—and can all fee... Read More

Morning Gold & Silver Market Report – 10/2/2014

JOBLESS CLAIMS FALL, HAVE LITTLE IMPACT Gold and Silver prices are trading lower this morning and were little changed after the release of weekly jobless claims numbers. The U.S. dollar’s rally is halted, at least for now, but Precious Metals demand is keeping a tight lid on prices. INTL FCStone is still a supporter of the yellow metal, as they said in a note, “With the likelihood of further weakness in... Read More

Mid-Day Gold & Silver Market Report – 10/1/2014

CHINA AIMS FOR GOLD RESERVES OF 8,500 TONNES According to China Gold Association President Song Xin, China is on its way to accumulating 8,500 tonnes of Gold, which would be the highest amount of any current central bank, including the U.S. Gold will help support the renminbi, the People’s Republic of China’s official currency, to beco... Read More

Morning Gold & Silver Market Report – 10/1/2014

“DR. DOOM” SPEAKS ON BLACK SWAN EVENTS Gold is trading near nine-month lows in early-morning trading. Some analysts see the price falling further thanks to a snowball effect. Societe Generale analyst Robin Bhar said, “The weight of selling is such that I still see lower prices. We have the stronger dollar and investor disinterest, and if we drop below $1,200 or $1,180 [per ounce], you'll get the short s... Read More

Closing Gold & Silver Market Report – 9/30/2014

  GOLD, SILVER DROP AGAIN AS DOLLAR RALLIES The Gold price dipped to a fresh nine month low today as strength in the U.S. dollar continues to weigh on Precious Metals prices.  With overseas tensions failing to influence safe-haven demand, an ongoing rally by the greenback has taken center stage as the principal motivato... Read More

Mid-Day Gold & Silver Market Report – 9/30/2014

GOLD APPROACHING $1,200 & SILVER BELOW $17 ON THE STRENGTH OF THE DOLLAR Gold and Silver prices have continued to drop in morning trading as Silver dives below $17 and Gold looks like it could break $1,200. Gold futures hit a nine-month low and are on track for a three-month drop of 9.2 percent. Silver prices are down 19 percent since t... Read More

Morning Gold & Silver Market Report – 9/30/2014

GOLD DROPS AS DOLLAR RISES The Gold price is on track for a 5.5 percent drop in September, giving up nearly all gains made in 2014. This will be Gold’s sharpest monthly decline in more than a year. Macquarie analyst Matthew Turner said, “Gold bulls' worst nightmares involve a rampant dollar and surging real interest rates, and this macro-trend is currently being fuelled by the expectation that the [Euro... Read More

Closing Gold & Silver Market Report – 9/29/2014

GOLD HIGHER AS HONG KONG PROTESTS BREED UNCERTAINTY The Gold price edged slightly higher Monday as Asian markets were disrupted in the wake of pro-democracy protests in Hong Kong over the weekend.  Investors sought the safe-haven appeal provided by Precious Metals as lower prices have also influenced demand from bargain hunters.  The yellow metal i... Read More

Mid-Day Gold & Silver Market Report – 9/29/2014

GOLD & SILVER MAINTAIN MORNING GAINS AS STOCKS HEAD LOWER Gold and Silver prices remain on the upswing as the DOW approaches a triple digit loss. “Today will be steady on the upside for gold as people try to hedge the selloff in the stock market,” George Gero, a New York-based precious-metals strategist at RBC Capital Markets LLC, sai... Read More

Morning Gold & Silver Market Report – 9/29/2014

HONG KONG UNREST BOOSTS GOLD Gold is flaunting its safe haven value in early-morning trading as political unrest in Hong Kong boosted demand. The U.S. dollar is also trading slightly lower. Citi analyst David Wilson said, “You can attribute most of the move in September so far to the dollar. It's macro issues in the driving seat right now, and all eyes are on expectations of interest rate hikes in the U... Read More

Weekly Gold & Silver Market Recap – 9/26/2014

Gold and Silver prices continued to be under pressure, but appear set to break a three week losing streak. In September, money managers largely moved away from safe haven trades looking for higher returns. This move has been tempered by continued geopolitical tensions in Ukraine and the Gaza Strip in addition to ISIS terrorists’ threats. The U.S. began bombing suspected ISIS hotspots in Syria, which boosted Gold prices.  On Thursday, a report came out that Read More

Mid-Day Gold & Silver Market Report – 9/26/14

U.S. GDP RISES, GOLD REACTS The latest U.S. Commerce Department data shows gross domestic product increased in the second quarter at a revised 4.6 percent annualized rate. This is the fastest growing rate since the fourth quarter of 2011, as businesses focused on investments and consumer spending increased.  “We definitely see momentum” in the U.S. economy, said Brittany Baumann, an economist at Credit Agricole CIB in New York, which correctly forecast... Read More

Morning Gold & Silver Market Report – 9/26/2014

GOLD ON PACE TO BREAK LOSING STREAK The Gold price is trading slightly lower this morning, though it is on pace to break a three-week losing streak. Saxo Bank manager Ole Hansen said, “We received a boost yesterday from low bond yields and falling stocks, but it is the [U.S.] dollar that holds the key ... and at the moment it's really a question of how strong the bullish sentiment towards the dollar is.... Read More

Closing Gold & Silver Market Report – 9/25/14

GOLD BOOSTED BY EQUITY SELLOFF The Gold price rebounded slightly today as stocks posted their largest single-session loss since July.  Gold has fallen more than five percent this month as strength in the U.S. dollar and ongoing gains among equities indexes have quelled the safe-haven demand for Precious Metals.  “The stock market... Read More

Mid-Day Gold & Silver Market Report – 9/25/14

GOLD REBOUNDS AS STOCKS TAKE A 200 POINT DIVE ON GLOBAL WORRIES Gold and Silver prices have rebounded from sharp price dips in the early morning, as the U.S. stock market heads down. There are reports that Russia is considering a measure that would allow for its courts to seize foreign assets. "To us that would signal a threat from the Kremlin that the Russian-U.S.-Europe conflict economically might take a turn for the wors... Read More

Morning Gold & Silver Market Report – 9/25/2014

PHYSICAL BUYING MISSING FROM POTENTIAL REBOUND The Gold price fell to a nine-month low in overnight trading as the U.S. dollar rose to a four-year high. One key factor missing from a potential Gold rebound is physical buying, specifically in Asia. VTB Capital analyst Andrey Kryuchenkov said, “The physical interest in Asia remains anaemic, and we still see little chance for a sustained price rebound with... Read More

Closing Gold & Silver Market Report – 9/24/2014

METALS FLAT AS WORLD STOCKS GAIN Precious Metals prices are relatively flat through afternoon trading. Economic data showing an 18 percent increase in new single-family home sales for August helped boost the U.S. dollar. The data suggests a seasonally adjusted annual rate growing at its fastest pace in more than six years, while at the same time providing ... Read More

Mid-Day Gold & Silver Market Report – 9/24/2014

U.S. DOLLAR HITS A FOUR YEAR HIGH – GOLD & SILVER SLIGHTLY DOWN Gold and Silver prices are down slightly this morning while U.S. and European stocks are recovering from recent losses. Investors are still remaining cautious as they await updated U.S. economic data due Thursday and Friday. Although Gold prices have been trending down, there is support expected at the $1,200 range. "A stronger dollar is a fairly consensus view as well as higher U.S. Treasury yields ...... 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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