Our Daily Gold & Silver
Market Reports

Daily Gold & Silver Market Report – 6/12/2015

STRONG U.S ECONOMY WEAKENS GOLD Gold is down Friday morning on the U.S. economy’s continued momentum.  A strong economy means a U.S. Federal Reserve interest rate increase is even more likely.  "The closer we get to this expected U.S. interest rate hike, the lower the price of Gold will get ... we still have space for more losses until September, when the first rate hike should happen," Natixis analy... Read More

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

GOLD SNAPS 3 DAY RALLY; U.S. RETAIL BOOSTS GROWTH OUTLOOK Expectations of the Federal Reserve raising interest rates this year have pressured bullion as an increase could strengthen the dollar and raise the cost of holding non-yielding Gold. The dollar is up Thursday awaiting key U.S. economic data while a European stock rally have Gold prices falling, breaking any gains over last three days. Analysts expect strong U.S. retail data, which will boost the dollar and ... Read More

Daily Gold & Silver Market Report – 6/10/2015

DOLLAR DROPS ON GREEK DEBT WORRIES; GOLD SUPPORTED FROM SAFE HAVEN APPEAL The dollar lost ground Wednesday morning on concerns over Greek’s financial crisis, helping Gold increase for a third consecutive session.  Gold’s safe-haven appeal always attracts investors when there is economic uncertainty and fluctuations in the dollar.  “Everyone is piling up their bets for the safe [haven] as we are moving closer ... Read More

Daily Gold & Silver Market Report – 6/8/2015

GOLD UP AS U.S. DOLLAR, WORLD STOCKS STRUGGLE Precious Metal prices are on the move Monday morning, with Gold moving up from its lowest point since March, on a dipping U.S. dollar. Although Gold is showing some strength, many analysts are eyeing the next support level. Saxo Bank senior manager Ole Hansen said, “We managed to claw back and close above $1,170 [per ounce] on Friday and today the market took a littl... Read More

Daily Gold & Silver Market Report – 6/5/2015

U.S JOB REPORT FIRMS AS GOLD SAGS                  Gold fell Friday ahead of U.S. employment data that could boost the possibility of a Federal Reserve interest rate increase this year. The Precious Metal is heading for its third straight weekly slide. Gold was down Friday 0.1 percent to $1,174.96 an ounce, nearing a five-week low of $1,172.55. The metal was heading for a 1 percent decline on the ... Read More

Daily Gold & Silver Market Report – 6/4/2015

GOLD WILTS ON U.S. DATA; WALL STREET PRESSURED AFTER IMF URGES RATE HIKE DELAY Upbeat U.S. economic data has Gold down and is spurring speculation of an interest rate hike soon. Focus is now on Friday’s non-farm payroll data, which is viewed as a key measure of the world’s largest economy and may give further insight to Gold’s direction. An increase in the interest rate could lift the cost of holding the Precious Metal and boost the dollar. Read More

Daily Gold & Silver Market Report – 6/3/2015

GOLD SLIDES AS DOLLAR GAINS; PRIVATE SECTOR JOBS RISE Precious Metals eased Wednesday morning after the dollar gained 0.3 percent versus a basket of major currencies. A deal to bail Greece out of its financial turmoil is expected as negotiations have continued for four months.  A Greek default could occur if a settlement is not reached by the end of June, causing the country to possibly exit the eurozone. Read More

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

Weak Data Boosts Gold; Second Quarter May Delay Rate Hikes Gold increased Tuesday due to disappointing U.S. data and Greece’s debt crisis. Gold had climbed above $1,200 per ounce for the first time in a week but dropped due to mixed U.S. economic data and expectations the Federal Reserve will increase interest rates later this year. “It’s definitely, in my opinion, a reflection of the euro-dollar developments of today,” Sprott Assett Management USA Precious Metal strategist Trey Re... Read More

Daily Gold & Silver Market Report – 6/1/2015

METALS GAIN ON SLOWED CONSUMER SPENDING Precious Metal prices are on the rise during morning trading hours. Investors turned to Gold and Silver on Monday’s weak economic data along with comments by Boston Federal Reserve President Eric Rosengren expressing concern that U.S. economic growth is not strong enough to raise interest rates. Societe Generale anal... Read More

Daily Gold & Silver Market Report – 5/28/2015

WALL STREET DOWN ON JOBLESS CLAIMS; GOLD FLAT ON STEADY DOLLAR, LOWER SHARES U.S. stocks are down early Thursday on economic news at home and abroad. European officials downplayed talks of Greece’s much needed debt relief despite rising default concerns. World markets were pressured as major brokerages in China tightened requirements on margin financing, causing fear of further steps to reduce leverage in the market. While many economists expected U.S. jobless cla... Read More

Daily Gold & Silver Market Report – 5/27/2015

STRONG DOLLAR WEIGHS ON GOLD; BERNANKE FOCUSES ON RATE INCREASE The U.S. dollar saw its biggest daily rise in two years Tuesday, pushing Precious Metals prices down on the Federal Reserve’s confirmation of an interest rate increase in the near future. “Gold got hit by a double whammy yesterday, first of all from the dollar move higher, which kicked off on Friday, but also speculative data which showed a 140 percent jump as of last Tuesday,” Saxo Bank's head of commodity res... Read More

Daily Gold & Silver Market Report – 5/26/2015

METALS DOWN AS DOLLAR SOARS Precious Metal prices are on the decline through morning trading as the dollar extends its gains.  Recent comments from Federal Reserve Chairwoman Janet Yellen reinforcing the central bank’s plan to tighten its monetary policy, along with strong U.S. economic data, have supported the greenback while pressuring metals. Gold’s historical i... Read More

Daily Gold & Silver Market Report – 5/21/2015

DOLLAR STALLED, GOLD NOT READY TO RALLY Gold spot rose 0.5 percent to $1,211.98 an ounce by 10:01 GMT. It was down 0.8 percent for the week as it is heading for its biggest fall since the week ended April 24 and 1.5 percent below a three-month high of $1,232.20 hit May 14. This is not likely to change in view of the upcoming holiday weekend and the ever-looming interest rate hike. Danske Bank senior analyst Jens Pedersen said, "There ... Read More

Daily Gold & Silver Market Report – 5/21/2015

GOLD STEADY AS DOLLAR FALLS; WEAK EUROZONE SPURS U.S.-DRIVEN REBOUND Minutes from April’s Federal Reserve policy meeting point to the unlikelihood of the central bank raising interest rates in June as policymakers believer it would be premature. Gold is holding steady as the dollar fell on the news. “Gold ... Read More

Daily Gold & Silver Market Report – 5/20/2015

GOLD REMAINS FLAT; VIEWS ON FED’S PLAN TO HIKE INTEREST RATES Gold slowly moved up Wednesday after seeing its biggest one-day loss since April 30 on a strong U.S. dollar Tuesday.  “The dollar and the euro seem to be the direction setters,” Precious Metals trader MKS SA head of trading Afshin Nabavi said. “This morning Gold looked like it was going to break below $1,200 [per ounce], but held well... Read More

Daily Gold & Silver Market Report – 5/19/2015

Gold Snaps ON RISING DOLLAR; “Twilight Zone Stocks” Gold’s rise ended Tuesday morning as the dollar increased sharply against the euro. European shares also gained after the European Central Bank suggested it may increase its 1 trillion euro ($1.12 trillion) bond-buying program. U.S. 10 year bond yields and uncertainty ahead of the latest Federal Reserve meeting minutes, due Wednesday, weighed on Gold’s outlook as well. Gold does not pay interest, so the rise in returns from U.S. ... Read More

Daily Gold & Silver Market Report – 5/18/2015

METALS RISE ON WEAK DATA; GREECE TALKS CONTINUE Precious Metal prices continue to rise during morning trading hours with Gold reaching a three month high. As investors await the minutes of the Federal Reserve’s April meeting, due Wednesday, disappointing economic data has supported metals. Many analysts are looking at September for an interest rate hike, which could be big news for Gold. Capital Economics analyst Simona Gambarini said, “The U.S. data has been a lot weaker th... Read More

Daily Gold & Silver Market Report – 5/15/2015

GOLD SOFTENS AS DOLLAR FIRMS  Gold fell from a three month high Friday but is up overall on the looming interest rate hike and the dollar recovering from a three month low against the euro. Spot Gold was down 0.6 percent to $1,214.10 an ounce, while U.S. Gold futures for June delivery were down $11.10 an ounce. “Gold coming off today may be a bit of profit-taking on the move of the past couple of days... Read More

Daily Gold & Silver Market Report – 5/14/2015

GOLD HITS THREE MONTH HIGH; JOBLESS CLAIMS HIT 15 YEAR LOW Mixed U.S. data pushed back expectations of a Federal Reserve interest rate increase, pressuring the dollar and pushing Gold to a three-month high. "I'm forecasting Gold to average $1,200 [per ounce] this quarter, as a slightly weaker dollar will continue to be supportive until we see some str... Read More

Daily Gold & Silver Market Report – 5/13/2015

WEAK U.S. DOLLAR DRIVES GOLD, CRUDE OIL Gold jumped two percent Wednesday morning, moving beyond $1,200 an ounce in reaction to the U.S. dollar reaching a three-month low.  "The dollar's weakening has been instrumental to the latest move higher and of course the view that the [U.S. Federal Reserve] is less likely to raise interest rates next month after weak economic data," ActivTrades chief analyst Carlo Alberto de Casa said. Fed officials have not provided ... Read More

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

METALS DOWN AS INVESTORS AWAIT DATA, GREEK RESOLUTION Precious Metal prices are relatively flat during morning trading as investors continue digesting Friday’s economic data while awaiting upcoming data this week. Although the U.S. dollar had a small rebound on continued concern over Greece’s debt talks with Eurozone finance ministers, Friday’s mixed economic data held things in check as investors expect the Federal... Read More

Daily Gold & Silver Market Report – 5/8/2015

JOBS REPORT KEEPS GOLD IN CHECK Gold is up slightly Friday, but is still tied to whether the U.S. Federal Reserve raises the interest rate.  A strong jobs report could mean the Fed would raise rates sooner than later, pressuring Gold. “Gold is desperately looking for direction, which makes today's nonfarm payrolls report particularly important,” Saxo Bank head of commodity research Ole Hansen said. Spot Gold was up 0.2 percent at ... Read More

Daily Gold & Silver Market Report – 5/7/2015

GOLD SLIPS ON DOLLAR, BOND YIELDS; FED WARY OF BOND CLIFF Gold is held down for a second day on uncertainty of a U.S. Federal Reserve interest rate hike as well as a steadier dollar, holding below the key level of $1,200 per ounce for a fifth day. “Higher real yields rising are the more dominant factor of Gold weakness at the moment,” ABN Amro analyst Geor... Read More

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

Economy On Decline; Gold’s Momentum Short-lived According to a Moody’s/CNBC survey, economists believe the U.S. economy shrank by 0.3 percent in the first quarter. Tuesday’s weak trade data was included in this percentage. The government reported last week the economy grew 0.2 percent, but the Commerce Department will revise the figures later this month. “Q1 likely contracted, than... Read More

Daily Gold & Silver Market Report – 5/1/2015

GOLD SLIDES FURTHER AS STOCKS CLIMB Gold hit a six-week low Friday due to the U.S. jobs report as well as continued speculation on the U.S. interest rate increase. Spot Gold last traded nearly 1 percent lower at $1,172.30 an ounce, while U.S. gold futures for June delivery were down $10 an ounce. Earlier spot prices had Gold at $1,170.20, its lowest since March 20. “There is still fall-out from the FOMC (Federal Open Market Committee)-- there has been a hiccup in the U.S. recovery,... Read More

Daily Gold & Silver Market Report – 4/30/2015

JOBLESS CLAIMS AT 15-YEAR LOW; GOLD FALLS AS JOBS DATA BOOSTS DOLLAR New claims for jobless benefits fell to a 15-year low, remaining under 300,000, while consumer spending rose in March, which may signal a strengthening economy after a rough first quarter. The four week moving average, considered a better measure of the labor market, fell 1,250 to 283,750. Data showing an increase in Q1 Read More

Daily Gold & Silver Market Report – 4/29/2015

METALS AWAIT FED STATEMENT; WEAK U.S. GDP DATA RELEASED Precious Metals fell slightly ahead of the Federal Open Market Committee statement, expected Wednesday.  Investors await the Federal Reserve’s statement on increasing interest rates after weak U.S. economic data pushed the dollar to a two-month low against other major currencies.  “However, any delay to the interest rates hike may cause more support t... Read More

Daily Gold & Silver Market Report 4/28/2015

Greek Policy Criticized; Gold Hits Three-Week High Gold increased nearly one percent Tuesday after less than ideal U.S. data hit the dollar and weakened talks that the U.S. Federal Reserve will raise interest rates in the coming months. The yellow metal rose to a three-week high after data showed U.S. consumer confidence in April dropped to its lowest level since December. “Market participants are focusing on the Fed meetin... Read More

Daily Gold & Silver Market Report 4/27/2015

METALS BOOSTED AHEAD OF FED MEETING AS GREEK DEBT LOOMS Precious Metals are gaining momentum during morning trading hours. Gold prices have jumped more than $25 an ounce and Silver has increased nearly $1 per ounce as investors await news from this week’s Federal Reserve policy meeting and continue to monitor Greek debt talks. Many do not expect a U.S. interest rate hike in June but more likely toward the end of the year. ING commodities analyst Hamza Khan said, “ Read More

Daily Gold & Silver Market Report 4/24/2015

GOLD STUMBLES AS STOCKS HOLD STEADY Gold is down for the third consecutive week on strong global equities and the timing of a suspected U.S. interest rate increase. Spot Gold was down 0.3 percent to $1,190.55 an ounce, while U.S. Gold futures for June delivery were down $4.30 an ounce. “The news this week in general has been Gold-friendly - weaker dollar, weaker U.S. data and Middle East tensions,” Saxo Bank analyst Ole Hansen said. “But Read More

Daily Gold & Silver Market Report 4/23/2015

GOLD EDGES UP ON SOFT DOLLAR; WALL STREET FLAT Gold edged above a three-week low Thursday after healthy U.S. housing data boosted expectations of a U.S. Federal Reserve interest rate increase. Data showing U.S. home sales climbed to an 18-month high caused the dollar to struggle and have many expecting an increased rate as early as June. A move by the Fed would provide more pressure on Gold. “ Read More

Daily Gold & Silver Market Report 4/15/2015

GOLD’S SAFE HAVEN APPEAL RETURNING; CRUDE SUPPLIES REMAIN HIGH Gold might be headed toward safe haven status on investor concern over whether Greece will resolve its debt crisis by the end of April. If they fail, they may be asked to exit the eurozone, which could create a bullish market for Precious Metals. “The (Gold) market is growing tired of watching the Greek saga, while tensions in Yemen, an element of sup... Read More

Daily Gold & Silver Market Report 4/21/2015

Gold stresses over Dollar; Rate hike likely Gold remained below $1,200 an ounce Tuesday following its biggest one-day drop in a week, remaining under stress as the dollar rose and a rally in global equities diverted interest from the Precious Metal. European stocks rose nearly 1 percent after a strong session in Asia, as positive corporate earnings and China’s latest step to boost its economy pushed equities higher. Read More

Daily Gold & Silver Market Report 4/20/2015

METALS FALL AS DOLLAR GETS BOOST FROM CHINA Precious Metals are on the decline Monday during morning trading hours.  As investors take in news there will be a new round of stimulus to boost the Chinese economy, the U.S. dollar is gaining strength while pressuring metals. LibertyView Capital Management president Rick Meckler said, “What's helped the market tod... Read More

Daily Gold & Silver Market Report 4/17/2015

LOOMING RATE HIKE STILL AFFECTING GOLD Gold is back up above $1,200 an ounce Friday morning despite uncertainty the Federal Reserve will raise interest rates this year. Since Gold generally works in negative correlation to the U.S. dollar, rising rates would boost the dollar while lifting the opportunity cost of holding non-yielding bullion. “Expectation once again is for rate rises to be pushed out even later. September or October has been our base assumption for some time,... Read More

Daily Gold & Silver Market Report 4/16/2015

GOLD FALLS ON DATA; U.S. HOUSING STARTS FALL WHILE JOBLESS CLAIMS RISE A weaker demand for physical metal along with positive U.S. factory data has Gold below $1,200 per once on Thursday. The positive factory data showing accelerated activity in April helped the dollar index, which can weigh on Gold, recover from lows against a basket of currencies.  Analysts still believe soft U.S. data may cause the Federal Reserve to delay raising interest rates. Read More

Daily Gold & Silver Market Report 4/15/2015

GOLD UP ON LOWER DOLLAR; RIGHT TIME TO HIKE INTEREST RATES Gold climbed Wednesday after the U.S. dollar fell against other major currencies. “The dollar's retreat is mainly due to the weak U.S. economic data ...as long as we have weak economic figures out of the U.S., it is less likely that the [U.S. Federal Reserve] will start raising interest rates sooner rather than later,” Commerzbank analyst ... Read More

Daily Gold & Silver Market Report – 4/14/2015

Gold Responds to Weaker Dollar; U.S. Economy in “Good Shape” Gold cut some of its earlier losses Tuesday as the U.S. dollar decreased in response to weaker-than-expected retail sales and producer price data. The Commerce Department said Tuesday retail sales increased .9 percent, which was below the 1 percent forecast by economists. “We expect Gold prices to head lower, due to a stronger dollar and improved risk senti... Read More

Daily Gold & Silver Market Report – 4/13/2015

METALS DOWN AS U.S. DOLLAR GAINS Precious Metal prices are slightly lower during morning trading hours, continuing their recent trend of give and take. A rise in the U.S. dollar provided a new round of pressure on metals as investors speculate on the timing of a U.S. Federal Reserve rate hike.  Bank of America Merrill Lynch strategists wrote Monday, “Despit... Read More

Daily Gold & Silver Market Report – 4/10/2015

GOLD UP, STILL PRESSURED BY DOLLAR Gold climbed 0.7 percent to $1,203.10 an ounce Friday morning despite heading for a fall on a stronger dollar and expectations the U.S. will see an interest rate hike this year. “We saw a technical move this morning that pushed prices above $1,200... but if we see some selling into the rally perhaps we can come back down again,” Mitsubishi Corp strategist Jonathan Butler said. Investor... Read More

Daily Gold & Silver Market Report – 4/9/2015

GOLD FALLS ON FED TALK, U.S. JOBLESS CLAIMS DATA Despite recent weak economic data, the U.S. Federal Reserve has kept alive expectations for an interest rate hike this year. Minutes from the Fed’s March meeting show they are keeping the option of a June interest rate hike. Gold fell more than 2 percent from Monday’s seven week high after U.S. jobs data gave expectations the Federal Reserve would delay a rate hike. “What happened after the ... Read More

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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