Our Daily Gold & Silver
Market Reports

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

Mid-Day Gold & Silver Market Report – 12/7/2012

BI-PARTISAN BICKERING ON “CLIFF”; GOLD SET FOR WEEKLY LOSS Political disagreements are fast becoming a constant in today’s world. Republican leader John Boehner accused President Obama of “slow walking” the economy to the edge of the fiscal cliff. He was quoted saying, “It's time for the president, if he's serious, to come back to us with a counteroffer... Read More

Morning Gold & Silver Market Report – 12/7/2012

SILVER GAINING TRACTION AS INVESTMENT ASSET All eyes were on the jobs report this morning, with expectations of just 80,000 to 93,000 jobs added in November. When the report came out, it showed that 146,000 jobs had been added and the unemployment rate dropped .2 percent down to 7.7 percent. Hurricane Sandy was expected to have more of a negative impact on the report, but the Labor Department said that ... Read More

Closing Gold & Silver Market Report – 12/6/2012

INVESTORS AWAIT JOBS REPORT DATA AND FISCAL CLIFF DECISION It appears that investors patiently await imperative data and decisions, such as tomorrow’s U.S. nonfarm payrolls data and the decision on the fiscal cliff that is approaching at the end of December. Today, European Central Bank President Mario Draghi confirmed that the eurozone requires a suitable fiscal policy be in place to begin growi... Read More

Mid-Day Gold & Silver Market Report – 12/6/2012

BARGAIN HUNTERS, ECB BOOST GOLD AFTER TWO DAYS OF LOSSES Following two straight sessions of losses, Gold is up slightly. Bargain hunters who have purchased on the recent dips along with meager economic forecasts by the European Central Bank (ECB) are the cause of the modest rebound. After losing 1.6 percent over the past two days, Read More

Morning Gold & Silver Market Report – 12/6/2012

ECB HOLDS LOW RATES; U.S. JOBLESS CLAIMS DROP The European Central Bank held interest rates to a record low of 0.75 percent Thursday. This move hinted at the possibility of cuts next year. Recent policymakers’ comments have suggested that rate cuts are not likely in the near future; however, some have speculated that cuts might happen in March.  U.S. stock futures stayed mostly unchanged a... Read More

Closing Gold & Silver Market Report – 12/5/2012

CONFIDENCE IN “CLIFF” RESOLUTION BOOSTS STOCKS; PHYSICAL GOLD DEMAND STILL STRONG Precious Metals have ended the day flat while the Dow Jones Industrial Average rallied on news that officials in Washington are making bipartisan strides to avoid the dreaded fiscal cliff. “You get the impression that there’s movement in Washington, that positions are not ideolog... Read More

Mid-Day Gold & Silver Market Report – 12/5/2012

CENTRAL BANKS CONTINUE TO BUY GOLD; SPAIN BRINGS DOWN EURO Gold’s unpredictable market price this year has not stopped many of the world’s largest central banks from buying in massive numbers. The Bank of Korea was the latest to add to their Gold holdings by adding 14 metric tons in November. Central banks make these moves to protect th... Read More

Morning Gold & Silver Market Report – 12/5/2012

STRATEGISTS: GOLD, SILVER LOSSES WILL BE SHORT-LIVED Gold & Silver prices are rising this morning, recovering from losses earlier this week. Strategists at Deutsche Bank believe that, due to the U.S. dollar’s recent performance, losses in those metals will not last. Their belief is that currency markets have not shown that investors ... Read More

Closing Gold & Silver Market Report – 12/4/2012

GOLD DROPS MORE THAN ONE PERCENT; OUTLOOK FOR 2013 Today’s Gold market ended at its lowest point since November 4, dropping more than one percent of its total value. There have been multiple factors that attributed to the move, such as the United States’ inability to deal with the budget crisis and the major sell-off of Gold by investors in the past week. ... Read More

Mid-Day Gold & Silver Market Report – 12/4/2012

INVESTORS SELLING OFF GOLD AT YEAR END; CHINA’S ECONOMY UPBEAT Gold has dropped as analysts are under the assumption there was a large fund account that was traded to short the market during Asian trading hours. Gold has experienced an 8 percent year-to-date gain, and as the end of the year approaches, many investors are taking new positions, ... Read More

Morning Gold & Silver Market Report – 12/4/2012

METALS DOWN ON TECHNICAL TRADING Precious Metals are trading lower this morning, with Gold and Platinum down approximately 1.5 percent, Palladium down one percent and Silver down more than two percent. Analysts at UBS explained that “taking positions ahead of key policy decisions – with the [Federal Open Market Committee] meeting next week and the ongoing negotiation on the fiscal cliff – has become inc... Read More

Closing Gold & Silver Market Report – 12/3/2012

GOLD ON RISE AFTER SELLOFF; GLOBAL ECONOMY SHOWING RECOVERY Gold is on the move as investors flock back to the metal after last Friday’s selloff. “[For] a lot of commodity firms, their fiscal year ended in November, December starts another year, and these guys could have liquidated some [Gold positions] and they could be re-establishing right now,” Phil Streible, senior commodities broker at RJO Futures, said. Read More

Mid-Day Gold & Silver Market Report – 12/3/2012

PRECIOUS METALS UP SLIGHTLY ON GLOBAL INDUSTRIAL DATA Gold is up to start December following a 0.5 percent drop over the month of November. United States manufacturing activity fell last month to its lowest level since July 2009. Though U.S. industrial output faltered in November, China posted stronger-than-expected production data for the month. Global increases in... 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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