Our Daily Gold & Silver
Market Reports

Morning Gold & Silver Market Report – 11/27/2012

DEBT DEAL REACHED FOR GREECE Gold and Silver prices are basically flat this morning amid news that the eurozone and the International Monetary Fund have reached a debt deal for Greece. The country’s debt level will be lowered to a more sustainable level, and ultimately, this deal will lead to the next $44 billion tranche of aid being released to the country. German Chancellor Angela Merkel, who many cons... Read More

Closing Gold & Silver Market Report – 11/26/2012

LITTLE MOVEMENT FOR GOLD TODAY; POSITIVE OUTLOOK FOR EUROZONE CRISIS Gold remains flat for the day, and other equities and commodities are down as investors focus on Europe’s financial crisis and the concern that Greece will need a second bailout. “Most of the activity came from CTAs (Commodity Trading Advisors) and hedge funds who were either adding to longs or reversing their shorts. It seems tha... Read More

Mid-Day Gold & Silver Market Report – 11/26/2012

GOLD REMAINS STEADY AS STOCKS DESCEND Gold continues to hover around $1,750 today after ending last Friday its highest point since mid-October. Analysts continue to cite European debt struggles and the upcoming fiscal cliff as the main movers of the U.S. dollar and the Gold price. “Gold has now found some very strong buying since the dip below $1,700, and w... Read More

Morning Gold & Silver Market Report – 11/26/2012

CYBER MONDAY vs. GREECE AND THE FISCAL CLIFF U.S. stock futures look to start lower today. Negotiations will continue today between the President Obama and top congressional leaders as they try to come to terms on upcoming tax increases and spending cuts, otherwise know as the Fiscal Cliff. Greece is still in the news as the euro-area finance ministers are in discussion over the next round of aid for the country’s distressed economy. Read More

Weekly Gold & Silver Market Recap – 11/21/2012

GOLD HOLDS STEADY IN AN ABBREVIATED WEEK With Thanksgiving on Thursday, this was a short week for the Precious Metals market in the United States. The attention is still focused squarely on the fiscal cliff and the U.S. lawmaker’s ability to avoid it. Congressional leaders and President Barack Obama have publicly stated their optimism for a deal on the nation’s financial situation after only a few hours of talks last week before the president left for a three natio... Read More

Mid-Day Gold & Silver Market Report – 11/21/2012

GOLD, STOCKS UP SLIGHTLY AS MIDDLE EAST, DOMESTIC NEWS WEIGH ON MARKETS Gold continues to float in the $1,720 - $1,730 range as we approach the holiday weekend. Though failure to reach a lending agreement in Greece was disappointing for investors who will need to wait until next week for further news, there is a vague sense of optimism regarding U.S. economic recove... Read More

Morning Gold & Silver Market Report – 11/21/2012

GREECE DENIED AID ONCE AGAIN; GOLD DEMAND STRONG Gold and Silver are trading higher this morning, as many traders may “want to be risk-off ahead of the long weekend – certainly there will be no expectation of fresh news about averting the fiscal cliff, but Europe will remain a concern and there’s the developing situation in the Middl... Read More

Closing Gold & Silver Market Report – 11/20/2012

GOLD DOWN ON RESERVE REPORT; EUROPE LOOKS TO CUT DEBT After Federal Reserve Chairman Ben Bernanke spoke today, the Gold price stuck to its trend of reacting to his speech. This time around, the movement was downward. The main speaking points regarded the fiscal cliff and the debt ceiling. With nothing new being said, there was no reason for much movement in the Precious Metal markets. Bernanke said that the current quantitative easing program will be ongoing until ... Read More

Mid-Day Gold & Silver Market Report – 11/20/2012

GOLD DROPS SLIGHTLY; BEN BERNANKE TO ADDRESS CONGRESS TODAY Gold's gains from yesterday are slowly being wiped away as today’s report of improved U.S. housing data pushed the dollar up. The value of Gold is likely to be determined by how the fiscal cliff and the eurozone financial crisis are both handled in the near future. The newest factor to affect the yellow metal’s price is the conflict betwee... Read More

Morning Gold & Silver Market Report – 11/20/2012

PRECIOUS METALS FLAT; FOCUS ON MIDDLE EAST, FISCAL CLIFF Precious Metals prices are flat this morning, echoing trends seen with the U.S. dollar. Yesterday, that trend saw Gold rally approximately $20 per ounce as the dollar was sent lower by hopes that leadership in the U.S. will be able to get a fiscal cliff deal in place before the end of the year. ... Read More

Closing Gold & Silver Market Report – 11/19/2012

GOLD FINDS SUPPORT IN 2013; WILL FISCAL CLIFF CAUSE U.S. RECESSION? “Alternative currency” is the word chosen by ScotiaMocatta to describe Gold in their Precious Metals 2013 Forecast for the yellow metal. The ScotiaMocatta is very bullish for Gold in 2013, estimating support on the low end at $1,600 an ounce with the potential for the metal to reach as high as $... Read More

Mid-Day Gold & Silver Market Report – 11/19/2012

FISCAL CLIFF OPTIMISM BOOSTS MARKETS Gold has rallied today to recuperate from losses realized last week. Geopolitical tension in the Middle East and reports from Washington concerning end-of-year budget talks continue to be the main market movers as both U.S. stocks and Precious Metals are up at mid-day. Christin Tuxen, analyst at Danske Bank, weighed in regarding ... Read More

Morning Gold & Silver Market Report – 11/19/2012

TRADERS BULLISH ON U.S. BUDGET Congressional leaders and President Barack Obama have publicly sated their optimism for a deal on the nation’s financial situation after only a few hours of talks last week before the president left for a three nation tour. The president reiterated his views Sunday in Bangkok where he said, “I am confiden... Read More

Weekly Gold and Silver Market Recap for Nov 16, 2012

GOLD PREPARES FOR FISCAL CLIFF As the week comes to an end, the news surrounding the United States’ fiscal cliff is the main topic of conversation. The question remains what, if anything, will be done to avoid this possible recession making event. “What people don’t like in markets is uncertainty,” said Gilles Sitbon at Sycomore Asset Management in Paris. “People are waiting for one thing that could make the market go down. People are ready to pull the trigger. And if nothin... Read More

Mid-Day Gold & Silver Market Report – 11/16/2012

TALKS BEGIN WITH A POSITIVE TONE It is still too early to tell, but top congressional Democrats and Republicans both said that Friday’s meeting with the president was constructive. U.S. stocks rallied back from early losses as leaders stood side by side making statements. Republican leaders said they were willing to put revenue on the table to get a deal as the president has insisted that taxes on the wealthy must be included in the final deal. On the other side of... Read More

Morning Gold & Silver Market Report – 11/16/2012

EUROZONE IN RECESSION; FISCAL CLIFF TALKS START TODAY Thursday’s European market activity ended showing the eurozone had slipped back into recession for the third quarter, which is likely to continue into the current quarter. The eurozone economy as a whole contracted 0.1 percent in the third quarter. This is on the heels of a 0.2 percent contraction from the second quarter. This news is troubling for th... Read More

Closing Gold & Silver Market Report – 11/15/2012

FACTORS INFLUENCING GOLD PRICES The global economic condition has become a great concern for the financial market recently. The European financial crisis has been prolonged, and containing the predicament from spreading to other countries is a difficult task. Today, U.S. weekly jobless claims climbed to 439,000, which analysts say was a result of Hurricane Sandy. Another obstacle the Gold price is facing is a slowdown in demand from China, the world’s second-largest consumer... Read More

Mid-Day Gold & Silver Market Report – 11/15/2012

GOLD FOLLOWS STOCK MARKET DOWN ON PERPETUAL ECONOMIC CONCERNS Pervasive concern over Europe’s debt crisis and U.S. budget troubles have pushed equity markets lower for the seventh day, dragging down Precious Metals prices as well. “The fall to session lows in Gold is driven by equities,” Peter Fertig, a consultant with Quantitative Commodity Research, said. Historic... Read More

Morning Gold & Silver Market Report – 11/15/2012

JOBLESS CLAIMS AT HIGHEST LEVEL IN 18 MONTHS Precious Metals and U.S. stock futures are trading lower across the board as the jobless claims report showed a jump to levels not seen in 18 months. Hurricane Sandy is being blamed for the jump in claims. The unemployment rate also rose slightly to 7.9 percent. The next big report on investors’ minds is the second estimate for third-quarter growth, to be rele... Read More

Closing Gold & Silver Market Report – 11/14/2012

MARKETS DOWN ON DOMESTIC, GLOBAL CONCERNS The Dow Jones Industrial Average and S&P 500 continue their downward slide as concerns over the impending “fiscal cliff” punish the stock market. “The fiscal cliff jars the economy at a time when it does not need to be disturbed too much, it's the last thing people want,” Jim Russell, chief equity strategist for U.S. Bank Wealth Management, said. The Read More

Mid-Day Gold & Silver Market Report – 11/14/2012

GOLD MOVES UP; EUROPE GRINDS TO A HALT Gold prices are moving up at the halfway point of the week. The main release today is the minutes from the recent U.S. Federal Reserve meeting. Most experts believe there will be no groundbreaking information from the meeting, just more of the same actions. The government’s looming budget talks have dominated the hea... 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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