Our Daily Gold & Silver
Market Reports

Closing Gold & Silver Market Report – 12/17/2012

GOLD RISES ON FED SURVEY RESULTS; FISCAL CLIFF DEAL WON’T GUARANTEE GROWTH Responding to a Federal Reserve Bank of New York survey that indicated regional manufacturing business had worsened in December, the Gold price rose slightly in afternoon trading to end the day just under $1,700. Darin Newsom, a Telvent DTN senior analyst, said that after the survey, “we... Read More

Mid-Day Gold & Silver Market Report – 12/17/2012

COUNTDOWN TO FISCAL CLIFF; PRESIDENT, BOEHNER IN TALKS Gold is slightly down this morning after lower-than-expected data in a New York Federal Reserve survey which reflected manufacturers in the district experienced less business. “We're seeing a knee-jerk reaction to the factory data,” Matt Zeman, a strategist at Kingsvi... Read More

Morning Gold & Silver Market Report – 12/17/2012

INVESTORS BELIEVE FISCAL CLIFF DEAL COMING SOON Gold and Silver have recovered from early morning losses. Tom Kendall, head of Precious Metals research at Credit Suisse, said, “This (move in Gold) is primarily technical, a continuing ease-back after the (Federal Open Market Committee) announcement last week.” Kendall went on to say that Gold traders seem to not be worried about the fiscal cliff, as he s... Read More

Weekly Gold & Silver Market Recap – 12/14/12

QE4 makes an impact on the gold market This week’s gold value was highly affected by United States Federal Reserve’s newest round of monetary easing. The build up to Wednesday’s announcement gave the precious metal market a boost. As of Monday morning Gold is on the way up thanks to the United States Federal Reserve’s upcoming meetings on Tuesday and Wednesday of this week. Read More

Special Report: Fiscal Cliff? U.S. Debt Ceiling is REAL Issue

Debt Ceiling to allow U.S. Debt to hit historic level in early 2013 While there have been and continue to be a significant number of hands wringing over the fiscal cliff , which takes effect on December 31, perhaps the REAL issue is coming very early in 2013: the U.S. Debt Ceiling. The fiscal cliff is being discussed on every business report on television, radio, Internet blogs and print media. As you most likely know, fiscal c... Read More

Mid-Day Gold & Silver Market Report – 12/14/2012

PRECIOUS METALS PRICES CONTINUE WITH STEADY MOVEMENT Precious metals prices remain flat after yesterday’s drop in prices from investors sell offs. Analysts such as Andrey Kryuchenkov, at VTB Capital suggest Gold prices may see little movement until politicians come to a resolution with the fiscal cliff.  Kryuchenkov, commented on the news that affected the price of Gold this week he said, “Now that we are clear on the FOMC, Read More

Morning Gold & Silver Market Report – 12/14/2012

INDIA BOOSTS PHYSICAL GOLD’S DEMAND The Gold price is relatively flat this morning, while Silver is slightly higher, recovering from yesterday’s losses. November consumer prices dropped by 0.3 percent overall according to a report released this morning, though the core prices (which exclude volatile food and energy prices) rose b... Read More

Closing Gold & Silver Market Report – 12/13/2012

GOLD DIPS; EUROPE FOCUSES ON GREECE’S SUCCESS After the Federal Reserve announced yesterday that it would begin purchasing Treasury bonds, the price of Gold rose and gave investors a reason to sell off the yellow metal. Today, Gold has experienced a drop in price due to profit-taking coupled with the question of how the fiscal cliff ... Read More

Mid-Day Gold & Silver Market Report – 12/13/2012

SHORT TERM PROFIT TAKING PULLS DOWN GOLD; STOCKS DROP ON BOEHNER COMMENTS Gold and silver remain down at mid-day today as profit taking prompted by yesterday’s Federal Reserve announcement of increased monetary stimulus briefly boosted precious metals prices. With three weeks left until the end-of-year, it is little surprise that short-term investors, unsure ... Read More

Mid-Day Gold & Silver Market Report – 12/13/2012

SHORT TERM PROFIT-TAKING PULLS DOWN GOLD; STOCKS DROP ON BOEHNER COMMENTS Gold and Silver remain down at mid-day today as profit taking prompted by yesterday’s Federal Reserve announcement of increased monetary stimulus briefly boosted Precious Metals prices. With three weeks left until the end of the year, it is little surprise that short-term investors unsu... Read More

Morning Gold & Silver Market Report – 12/13/2012

PROFIT-TAKING LOWERS METALS PRICES Yesterday’s gain in Gold and Silver prices signaled the time to take profits for many investors, which seems to be why we are seeing a lower price today. James Steel of HSBC Securities said, “We view the [Federal Reserve] announcement as bullish, but with market expectations already factored in for ... Read More

Closing Gold & Silver Market Report – 12/12/12

GOLD, STOCKS CHANGE LITTLE FOLLOWING QE NEWS The Gold price rose only slightly today despite the Federal Reserve announcing an extension of government bond buying. Unlike past rounds of quantitative easing (QE) which instantly boosted the U.S. Gold market, analysts are predicting a slow climb for the yellow metal as further economic stimulus is expected to further w... Read More

Mid-Day Gold & Silver Market Report – 12/12/12

FED ANNOUNCES NEW ROUND OF EASING; CONGRESSIONAL LEADERSHIP IN QUESTION As expected, the United States Federal Reserve has announced another round of quantitative easing. The easing also came with a guideline that this program will continue until unemployment levels drop and inflation subsides. “Taken together, these actions should maintain downward pressure on longer-term interest rates, support mortgage markets... Read More

Morning Gold & Silver Market Report – 12/12/2012

MARKET MOVES UP; ANTICIPATION GROWS FOR FED ANNOUNCEMENT Anticipation for continued stimulus from the Federal Reserve has encouraged investors to push U.S. stock futures into positive territory again this morning.  Today the Fed will announce its latest monetary policy decision followed by Ben Bernanke’s news conference at 2:15 p.m. Mike McCudden, ... Read More

Closing Gold & Silver Market Report – 12/11/2012

‘CLIFF’ DEAL BEFORE CHRISTMAS UNLIKELY; GOLD AMERICAN EAGLE SALES SOAR The single biggest story affecting the U.S. economy is the fiscal cliff. Every day news agencies are waiting to hear updates from leaders on each side of the political aisle to get a sense of how things are going. Today’s update from Senate Majority Leader Harry Reid is that “it's going to be extremely difficult to get [a deal] done befo... Read More

Mid-Day Gold & Silver Market Report – 12/11/2012

GOLD SLIGHTLY DOWN; MARKET EXPECTS BOOST FROM FEDERAL RESERVE The Federal Reserve is expected to announce its financial policy decision tomorrow after meeting both Tuesday and Wednesday. Analysts suggest the Fed may state a new bond purchasing program that could cause an increase in U.S. money printing. “The expectation is that the Fed will augment its asset purchases,” Sonny Tahiliani, managing director of MacroMoves in New York, said. “ Read More

Morning Gold & Silver Market Report – 12/11/2012

MORE STIMULUS EXPECTED FROM FED MEETING The Gold price is relatively flat this morning as the Federal Reserve kicks off a meeting that is to last through tomorrow. Many economists are expecting the Fed to announce larger monthly bond purchases under the latest round of quantitative easing (QE). Mitsubishi analyst Matthew Turner said, “If the Fed comes out with $45 billion of bond purchases, it could be ... Read More

Closing Gold & Silver Market Report – 12/10/2012

PROBLEMS IN ITALY CONTINUE; 40 PERCENT CHANCE OF ‘CLIFF’ DEAL Precious Metals prices have been relatively steady in afternoon trading as most investors are still awaiting the looming “fiscal cliff.” “There’s a 40 percent chance of a ‘fiscal cliff’ deal before year end,” Erskine Bowles, co-chair of President Obama’s 2012 debt commission, said. The low number isn’t very attracti... Read More

Mid-Day Gold & Silver Market Report – 12/10/2012

STIMULUS TALKS BOOST GOLD The Gold price is rising for a third straight session as speculators anticipate additional monetary stimulus following the Dec. 11–12 Federal Reserve meeting. Many analysts are expecting the announcement of additional bond purchases to add to the unlimited mortgage backed security purchases program, also known as QE3, announced in September... Read More

Morning Gold & Silver Market Report – 12/10/2012

GOLD STARTS WEEK UP; FISCAL CLIFF FINGER POINTING This week is starting well for Gold prices. As of this morning Gold is on the way up thanks to the United States Federal Reserve’s upcoming meetings on Tuesday and Wednesday of this week. There are rumors that a new round of monetary easing will be announced. “Market expectation is that there could be more ... Read More

Weekly Gold & Silver Market Recap — 12/7/2012

GOLD STARTS AND ENDS WEEK WELL: After last week’s dip in the Gold market, Monday showed Gold starting December strong on positive manufacturing news from China, regaining some of the footing lost in November. The data from a private manufacturing purchasing-managers index came in slightly stronger than anticipated. In addition, Gold could stabilize after last week’s s... 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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