Our Daily Gold & Silver
Market Reports

Daily Gold & Silver Market Report – 3/18/2015

METALS FLAT AS INVESTORS AWAIT FED STATEMENT Precious Metal prices are relatively flat in early morning trading as investors prepare for the U.S. Federal Reserve’s highly anticipated statement Wednesday. With Gold hovering around four month lows, many analysts speculate the removal of the word “patient” from the Fed’s policy statement will hint toward a rate hike in June.  However, not everyone is sold on the dollar’s strength. Abu Dhabi’s ADS Securities chief market s... Read More

Daily Gold & Silver Market Report – 3/17/2015

Gold Hits Another Low Awaiting Fed Meeting Gold opened on a four-month low Tuesday as investors nervously await the U.S. Federal Reserve policy meeting that could support a mid-year rise in interest rates. The Gold price fell to $1,142.86 an ounce, its lowest since November 7. Fed policymakers start the two-day meeting Tuesday afternoon and rate increases are expected to be the topic. The likely increase will put the Fed a step closer to the first rate increase since 2006. Read More

Daily Gold & Silver Market Report – 3/16/2015

METALS STRONG AHEAD OF WEDNESDAY FED STATEMENT Shaking off recent losses, Precious Metal prices are on the rise as investors prepare for the U.S. Federal Reserve’s statement Wednesday. Gold has been pressured with the continued rise of the U.S. dollar, but some analysts believe a dollar correction is on the way as disinflation becomes a concern.  BK Asset Management managing director of FX strategy Kathy Li... Read More

Daily Gold & Silver Market Report – 3/13/2015

GOLD UP AS STOCKS REMAIN FLAT Gold was on track to its ninth straight session of losses, the most in 40 years.  However, today it has benefited from the dollar falling against other currencies. "The softer dollar is helping Gold but that's only temporary," Societe Generale analyst Robin Bhar said. "The key event now is going to be the [U.S. Federal Reserve] meeting next Wednesday, so more clarity ... Read More

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

GOLD AWAITS PAYROLL DATA; DATA LIFTS PAYROLL HOPES Gold held around $1,200 per ounce as disappointing economic data raised concerns over the U.S. growth outlook and the Federal Reserve’s interest rates policy. “The Precious Metal could face higher volatility as we approach towards the Friday's U.S. non farm payroll number,” AvaTrade chief market analyst Naeem Aslam said. “(But) we may actually see a weak number, ... Read More

Daily Gold & Silver Market Report – 3/11/2015

PRECIOUS METALS, OIL PRESSURED BY STRONG U.S. DOLLAR Friday’s better than expected U.S. non-farm payroll figures quickly motivated the market as investors suggested the U.S. Federal Reserve may change its mind and increase interest rates in June rather than later this year. The news has pushed the U.S. dollar to its highest trading point in more than 11 years, pressuring Gold. “Ultimately support is at $1,130 [per o... Read More

Daily Gold & Silver Market Report – 3/10/2015

GOLD DOWN AGAINST STRONG U.S. ECONOMY, DOLLAR The Gold price has decreased to its lowest price in three months due to newfound life in the U.S. economy. The safe haven appeal for Gold may further dampen if U.S. interest rates are hiked earlier than expected. This potential has hurt the Gold market for more than a year. Friday saw a steep decline in Gold linked to positive U.S. non-farm payrolls data. Read More

Daily Gold & Silver Market Report – 3/9/2015

METALS ON MOVE AS ECB BEGINS NEW QE Precious Metal prices are on the rise Monday after trading near four-month lows the previous week. Although metals have been pressured due to a strengthening U.S. dollar, Greece’s continued financial struggle along with a new round of quantitative easing (QE) by the European Central Bank (ECB) has provided support. Commerzbank ... Read More

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

GOLD DROPS ON STRONG JOB REPORT Gold fell nearly 1 percent after the U.S. employment report showed the unemployment rate dropped to 5.5 percent, marking the fifth weekly decline as the dollar rose near an 11-year high. However, markets believe a strong U.S. jobs report could spur the Federal Reserve to raise interest rates, which would boost the dollar and in turn hurt demand for Precious Metals. The dol... Read More

GOLD DROPS ON STRONG JOB REPORT

Gold fell nearly 1 percent after the U.S. employment report showed the unemployment rate dropped to 5.5 percent, marking the fifth weekly decline as the dollar rose near an 11-year high. However, markets believe a strong U.S. jobs report could spur the Federal Reserve to raise interest rates, which would boost the dollar and in turn hurt demand for Precious Metals. The dollar is a major factor in U.S. oil prices. “Given... Read More

Daily Gold & Silver Market Report – 3/5/2015

GOLD FLAT AHEAD OF ECB NEWS, U.S. JOBLESS CLAIMS While the European Central Bank has held interest rates at record lows, it is expected to detail its 1 trillion euro quantitative easing plan during today’s press conference. These details, as well as key U.S. economic data expected Friday, keep investors cautious. U.S nonfarm payrolls numbers could affect the timing of the Federal Reserve’s interest rate hikes. “ Read More

Daily Gold & Silver Market Report – 3/4/2015

U.S. DOLLAR CLIMB STRESSES GOLD, SILVER; FED COULD POSTPONE RATE HIKE The U.S. dollar reached its highest point since September 2003 due to improved U.S. government bond yields, pressuring Precious Metals.  “We have quite an event-heavy end of the week, with the U.S. payrolls data on Friday and the [European Central Bank] meeting tomorrow, so we are unlikely to see much positioning ahead,”  BN Amro ana... Read More

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

Daily Gold & Silver Market Report – 1/26/2015

METALS DECLINE FOLLOWING GREEK ELECTION Precious Metal prices are slightly pulling back during morning trading hours, giving back some of the gains achieved last week. As investors continue monitoring uncertainty in the marketplace, profit-taking and Sunday’s Greek election pressured Gold and other Precious Metals. Analysts at Commerzbank said, “As we had ... Read More

Daily Gold & Silver Market Report – 1/23/2015

GOLD DECLINES FROM 5 MONTH HIGH AS ECB MOVE BOOSTS DOLLAR After Gold moved above $1,300 an ounce Thursday, the European Central Bank’s plan to put out nearly 1 trillion euros to reflate their economy has hindered the metal, due in part to the euro hitting an 11 year low against the dollar. Saxo Bank Head of Commodity Strategy Ole Hansen said, “Gold was completely disloc... Read More

Daily Gold & Silver Market Report – 1/23/2015

Gold declines from 5 month high as ECB move boosts dollar After Gold moved above $1,300 an ounce Thursday, the European Central Bank’s plan to put out nearly 1 trillion euros to reflate their economy has hindered the metal, due in part to the euro hitting an 11 year low against the dollar. Saxo Bank Head of Commodity Strategy Ole Hansen said, “Gold was completely disloc... Read More

Daily Gold & Silver Market Report – 1/22/2015

Gold Reacts to Draghi’s words; U.S. jobless claims fall Aimed at reviving the eurozone economy, the European Central Bank launched a multi-billion-euro bond-buying program Thursday, which erased Gold’s earlier losses. "Gold is reacting to what [ECB President Mario] Draghi has to say, to the bigger package that was announced and to rebounding inflation expectations in the [eurozone]," ABN Amro analyst Ge... Read More

Daily Gold & Silver Market Report – 1/21/2015

GOLD CONTINUES CLIMB; UPCOMING POLICY MEETINGS FOR ECB, FEDERAL RESERVE Gold crossed an important threshold this morning, climbing over $1,300 an ounce for the first time since August. The recent jump in Precious Metals prices comes from investors’ concern over the global economy.  The market anticipates the European Central Bank (ECB) will announce a new round of quantitative easing (QE) to boost their economy at Thursday’s ECB policy meeting.  “ Read More

Daily Gold & Silver Market Report - 1/19/2015

METALS FLAT AS CHINA FEELS PRESSURE Precious Metal prices are down slightly on weakening equity markets and possible stimulus from the European Central Bank. These uncertainties have some analysts curious about what the future holds. Barclays commodities analysts, led by Suki Cooper, wrote, “The key question is whether gains can be sustained,” as Gold previou... Read More

Daily Gold & Silver Market Report – 1/16/2015

GOLD GAINS AS INVESTORS DIGEST SWISS NEWS Precious Metal prices are seeing little movement during early morning trading.  A day after Gold posted its biggest weekly gain and hit a four month high, investors are digesting news that the Swiss National Bank unexpectedly removed the cap on the Swiss franc.  This in turn has added more volatility to an already ... Read More

Daily Gold & Silver Market Report – 1/15/2015

GOLD CLIMBS AFTER SNB ABANDONS CURRENCY CAP; UNEMPLOYMENT RATE RISING Gold jumped more than 2 percent today on shocking news the Swiss National Bank (SNB) will abandon its three-year currency cap of 1.20 francs per euro.  "Gold is gaining from a risk-off situation because nobody expected the Swiss central bank not to keep that cap, and this has created potential big losses in many places and i... 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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