Our Daily Gold & Silver
Market Reports

Closing Gold & Silver Market Report – 2/20/2013

QUANTITATIVE EASING TO END? MARKETS REACT TO FED MINUTES As signs of U.S. economic improvement continue, the Federal Reserve has announced plans to convene in March to discuss the suitability of the $85 billion in asset purchases currently taking place each month. Many Fed committee members are concerned about the long-term risks of the current stim... Read More

Mid-Day Gold & Silver Market Report – 2/20/2013

GOLD LOOKS TO CHINA FOR SUPPORT The Gold price moved lower today due to rumors of the United States Federal Reserve curbing its monetary easing program. As the economy improves, investors look toward higher risk investments and away from lower risk investments such as Gold. However, “Fundamentals for Gold haven't really changed, but other asset classes have now become more attractive, and that's leaving prices la... Read More

Morning Gold & Silver Market Report – 2/20/2013

FED MINUTES EYED; CRAMER TALKS UP GOLD Precious Metals prices are trading lower again this morning as investors await the minutes from the latest Federal Reserve meeting. These minutes are expected to show that a large portion of the meeting was spent discussing how to end the third round of quantitative easing. Monetary stimulus... Read More

Closing Gold & Silver Market Report – 2/19/2013

GOLD PRICE DOWN ON POSITIVE ECONOMIC OUTLOOK There have been many positive signs as of late from reports regarding the United States economic forecast. Employment, housing, and manufacturing across the country have shown improvement and the U.S. Federal Reserve is taking notice. Tomorrow the minutes from the Fed’s latest meeting will be releas... Read More

Mid-Day Gold & Silver Market Report – 2/19/2013

WHAT WILL GOLD’S SUPPORTED PRICE BE?  DATA CONFIRMS GERMANY’S ECONOMIC RECOVERY Gold has remained at a 6-month low following last Friday's big loss from positive economic news.  At this point the yellow metal requires some pessimistic data to rebound or a heavy demand in the asset.  “Gold bugs would argue that last week’s pullback has opened up... Read More

Morning Gold & Silver Market Report – 2/19/2013

SEQUESTER BEGINS MARCH 1, COULD WORK AGAINST ECONOMY Gold and Silver prices gave up some early gains this morning, as investors seem to have a better opinion of the global economy.  However, there is much discussion around the beginning of the automatic spending cuts that would come with the sequester in the U.S.  “There is no... Read More

Weekly Gold & Silver Market Recap – 2/15/2013

GOLD PRICES DROP TO SIX-MONTH LOW THIS WEEK This week had the right combination of factors to bring the price of Gold to a six-month low. Asian markets, including China, Japan and Korea, were closed this week for the Lunar New Year. Standard Chartered analyst Dan Smith said, “Gold is going to be pretty range bound in the days ahead with Asia absent.” MKS’ head of tr... Read More

Mid-Day Gold & Silver Market Report – 2/15/2013

PRECIOUS METALS CONTINUE TO SLIDE A series of blows to Gold’s fundamentals have pushed the safe haven investment near the $1,600 range today. Upbeat U.S. industrial data, a positive statement from the G20 about global currencies, and news that George Soros cut his holdings on Gold are acting as a weight on the Gold price. Earlier in trad... Read More

Morning Gold & Silver Market Report – 2/15/2013

G20 STATEMENT LEAKS; GOLD AT SIX-MONTH LOW Gold and Silver prices are adding to losses this morning as reports of the Group of 20 nations statement have leaked. According to a draft statement, the G20 will vow not to devalue currencies in a competitive manner (like the “currency wars” that have been buzzed about lately), and also ... Read More

Closing Gold & Silver Market Report – 2/14/2013

GOLD FEELS EUROZONE’S HEARTACHE ON GDP NEWS The eurozone is facing difficult times as its recession continues to worsen. In the fourth quarter of 2012, the zone’s Gross Domestic Product (GDP) dropped 0.6 percent from the previous three months, which is the worst drop since the collapse of Lehman Brothers in early 2009. “The outl... Read More

Mid-Day Gold & Silver Market Report – 2/14/2013

MARKETS SLOW ON LOW VOLUME, G20 ANTICIPATION The Gold price has softened today to its lowest level in six months. Analysts point to Lunar New Year celebrations in China and anticipation of this week’s G20 meeting as contributing to a lack of fervor among investors. Through the recent price pull-back and lower demand, experts maintain a bul... Read More

Mid-Day Gold & Silver Market Report – 2/14/2013

MARKETS SLOW ON LOW VOLUME, G20 ANTICIPATION The Gold price has softened today to its lowest level in six months. Analysts point to Lunar New Year celebrations in China and anticipation of this week’s G20 meeting as contributing to a lack of fervor among investors. Through the recent price pull-back and lower demand, experts maintain a bul... Read More

Morning Gold & Silver Market Report – 2/14/2013

CENTRAL BANKS BUY RECORD AMOUNTS OF GOLD The World Gold Council (WGC) said today that world banks, led by Russia, Brazil and Iraq, purchased a record 534.6 metric tons of Gold last year, the most since 1964. This accounted for 12 percent of the overall demand for Gold as compared to a 10 percent share in 2011. Central banks have been net purchasers of Gold since the second quarter of 2009. The WGC went ... Read More

Closing Gold & Silver Market Report – 2/13/2013

INCREASED 2013 SILVER PROJECTIONS; INVESTORS QUESTION RECOVERY Gold and Silver prices are down slightly as investors remain noncommittal ahead of the much anticipated G20 meeting later this week. “Although people are not expecting anything dramatic to be said at the G20 meeting, there is still some uncertainty, which may see short-term investors cover their short po... Read More

Mid-Day Gold & Silver Market Report – 2/13/2013

GOLD HOLDS STEADY; OUTLOOK ON SILVER IMPROVED As we reach the midway point of the week, the price of Gold has been relatively flat. Many investors believe that the market is unsuccessfully looking for direction. News that moves the market usually happens during the week, however this weekend the leaders of the world’s top 20 central banks will convene in Russia to discuss currency policies and effects of the current financial stimulus. While no policy changes are expected, t... Read More

Morning Gold & Silver Market Report – 2/13/2013

CONSUMER SPENDING UP SLIGHTLY; MARKET LOOKING FOR DIRECTION Gold and Silver prices recovered from early losses and stock futures held onto gains after January’s retail report. As analysts expected, retail sales grew just 0.1 percent in January, suggesting that tax increases at the beginning of the year stifled consumer spending. After a revision to Novemb... Read More

Closing Gold & Silver Market Report – 2/12/2013

GOLD SLIGHTLY HIGHER AT CLOSING At the start of business today, Gold had dipped to a six week low but made a comeback to end the day on a positive note. A major reason for the rise came with continuing monetary policies that have devalued the world’s leading currencies. “It was an extremely quiet day in Gold,” said Frank McGhee, head precious metals trader at Chicag... Read More

Mid-Day Gold & Silver Market Report – 2/12/2013

ECB CHIEF SUGGESTS CURRENCY WAR EXAGGERATED The bottom for Gold seems to be tested as the Lunar New Year began Monday, taking some support out of the market for the week long celebration. “Today [the lower Gold price] is the fact that the market's been very much range-bound for a while, funds are still relatively long, with China on holiday there... Read More

Morning Gold & Silver Market Report – 2/12/2013

NUCLEAR TEST, G7 ANNOUNCEMENT MOVE GOLD PRICE Gold and Silver prices are mostly flat this morning as Platinum and Palladium prices increase. The U.S. dollar is falling after an announcement by the Group of Seven industrialized countries that they would allow exchange rates to be determined by the market without interfering. Platinum and Palladium, the industrial metals, continue to have a strong outlook... Read More

Closing Gold & Silver Market Report – 2/11/2013

ECONOMISTS HAVE HIGH HOPES FOR U.S. RECOVERY Gold fell today as investors became concerned with the metal’s year to date performance. Also, the Lunar New Year began this week, taking major Asian markets out of trading to celebrate. “There is less liquidity in the market this week, with fewer traders due to the Asian holidays and also absence in some parts of Europe like Germany, where there are Carnival ce... Read More

Mid-Day Gold & Silver Market Report – 2/11/2013

GOLD TO EXPECT SECOND HALF BOOST ON GLOBAL CURRENCY WAR? Gold and Silver are trading lower today as concern over currency competition has weighed heavily on commodities markets. Investors are awaiting a statement from the Group of 20 nations (G20) who are meeting this week to discuss global exchange troubles. Along with the United States’ quantitative easing strategy... 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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