Our Daily Gold & Silver
Market Reports

Closing Gold & Silver Market Report – 10/23/2012

GOLD STAYS DOWN; MONETARY EASING DEVELOPMENTS Gold has seen a significant dip in price today. With any strong movement in prices there is usually an underlying cause, and today that has been the struggles of the European economy. Spain has had their credit rating downgraded and has fallen behind in their debt reduction plans. The news has caused the euro to lose value and in turn has added value to the U.S. dollar. Read More

Mid-Day Gold & Silver Market Report – 10/23/2012

CHINESE ECONOMY LAGS; IRAN TRADING GOLD TO AVOID SANCTIONS? Gold prices continue to give ground through midday trading as soft corporate earnings and Spanish credit downgrades undercut the euro and U.S. stock markets. Gold bullion, which is seen as an inflation hedge, has pierced below its 50-day moving average. “It feels like deflation is now back in, and the quantitative easing is not going to help out the... Read More

Morning Gold & Silver Market Report – 10/23/2012

HEAD OF BANK OF ISRAEL SEES GLOBAL RECESSION Precious Metals prices are being dragged down by the euro, even as U.S. stock market indexes are falling. The credit ratings of five Spanish regions were downgraded, hurting the euro’s price. Deutsche Bank analyst Daniel Brebner said, “You’ve had QE priced in and what we’re seeing now is a bit of at retraceme... Read More

Closing Gold & Silver Market Report – 10/22/2012

GOLD MOVES AHEAD OF FED MEETING; GREECE REBUILDING CONFIDENCE Gold is slowly climbing today ahead of tomorrow’s Federal Reserve meeting. There is no expectation of further easing after the recent launch of QE3, in which the Fed announced it would buy mortgage backed securities at a rate of $40 billion per month. The meeting will provide details on how the... Read More

Mid-Day Gold & Silver Market Report – 10/22/2012

GOLD HIGHER AFTER TWO WEEKS OF LOSSES; INVESTORS AWAIT GLOBAL POLITICAL ACTION Gold is trading modestly higher today following a week of hefty losses. “Gold is hanging in a trading range with a slight upward slant with bargain hunters buying ahead of a two-day [Federal Open Market Committee] meeting this week,” said Jeffrey Wright, a mana... Read More

Morning Gold & Silver Market Report – 10/22/2012

GOLD & SILVER REBOUNDING OFF MORNING DIPS Friday’s disappointing corporate earnings drove stock prices down more than 200 points and took Gold prices down 1.8 percent as investors sought the safety of the U.S. dollar. This morning, the U.S. dollar is down allowing Gold prices to move up off morning lows. Gold may also be getting support out Europe, as Spain’s Prime Minister ... Read More

Closing Gold & Silver Market Report – 10/19/2012

SPAIN CAUSES COMMOTION IN THE MARKET; FISCAL CLIFF HERE BEFORE WE KNOW IT Spain unsuccessfully requested a bailout today from the eurozone to rescue itself from a financial collapse, which directly affected the euro and gold negatively by pushing both down. "We're hearing Europe, the financial crisis; you're starting to hear that again, so th... Read More

Mid-Day Gold & Silver Market Report – 10/19/2012

GOLD DOWN ON EURO NEWS; STOCKS DROP ON WEAK CORPORATE DATA Gold is set for another day of losses as the euro softened in anticipation of the EU summit’s closing in Brussels. Plans for immediate assistance to the profoundly struggling nations of Greece and Spain went largely unmentioned as the falling euro dragged Gold down with it. Though the metal has descended sha... Read More

Morning Gold & Silver Market Report – 10/19/2012

FRENCH PRESIDENT CLAIMS EUROZONE IS ‘ON TRACK’ – IS IT? The euro is down this morning after the EU summit ended with no major developments. French President Francois Hollande believes the eurozone is “on track” to fixing the problems in the region, but he’s not fooling anyone. A statement from the summit claimed that banking supervision was coming, but as Alex White of JPMorgan said, “The statement repeated ... Read More

Closing Gold & Silver Market Report – 10/18/2012

GOLD DOWN ON PROFIT TAKING; HOUSING PERMITS BOOST ECONOMIC INDEX Gold closed down today as continued euro uncertainty and a weak U.S. equities market had many investors looking to consolidate gains. A battle of wills between Berlin and Paris over greater European Union control of national budgets weakened the euro, and Gold, relative to the dollar. Adding to the pressure was new data showing China’s economy slowed for yet another quarter. “Without any other major d... Read More

Mid-Day Gold & Silver Market Report – 10/18/2012

PIMCO OFFICIALS BELIEVE MANY COUNTRIES WILL BE DOWNGRADED Precious Metals prices have been relatively flat in morning trading. “Investors are not sure whether there will be more stimulus from China after today’s strong data,” Adam Klopfenstein of Archer Financial Services Inc said. A slew of Chinese economic data showed better n... Read More

Morning Gold & Silver Market Report – 10/18/2012

GOLD TRADING LOWER ON SOFTER EURO; JOBLESS CLAIMS RISE Precious Metals are trading lower this morning, in line with a softer euro. Though the euro is down today, it is up approximately 1 percent for the week, and some analysts are speculating that the reason is all in the minds of investors. Instead of expecting this week’s EU summit to... Read More

Closing Gold & Silver Market Report – 10/17/2012

GOLD UP ON WEAK DOLLAR; INVESTORS FOCUS ON EUROZONE Gold ended the day higher as a weaker dollar drove the metal up for the second day in a row. Increased confidence over Europe’s debt dilemma is the main catalyst pushing down the dollar. Though Gold experienced mild gains today, a significant price boost was halted by positive news about the U.S. housing market. A ... Read More

Mid-Day Gold & Silver Market Report – 10/17/2012

GOLD HOVERS; U.S. SHOWS IMPROVEMENT Gold is up slightly today, but over the past few weeks the Precious Metal has been relatively flat. The upcoming U.S. presidential election and economic turmoil in Europe have been two of the main culprits for the lack of any notable movement in the market. One of the reasons for the s... Read More

Morning Gold & Silver Market Report – 10/17/2012

PIMCO ADDS TO ITS GOLD POSITION; SPAIN EXPECTED TO ASK FOR BAILOUT Gold is slightly up this morning as anticipation builds before this week’s European Union leaders’ meeting to discuss Spain’s financial crisis. Germany will assist Spain if they ask for a bailout, and that willingness to help is supporting the euro. “Gold and the precious complex have been held afloat overnight and this morning by a stronger euro,” Edel Tully, an analyst at UBS AG in London, wrote today in a ... Read More

Closing Gold & Silver Market Report – 10/16/2012

GOLD REBOUNDS; EURO’S FUTURE DEPENDS ON GERMANY After a four week low, Gold rebounded today on the news of a possible bailout for Spain, which caused the euro to gain value and in turn caused the dollar to slip. Historically, when the dollar goes down the price of Gold increases. “The Gold market experienced momentum-based selling but app... Read More

Special Report: Read about the United States Fiscal Cliff

The United States Fiscal Cliff The term “fiscal cliff” entered the American lexicon as a reference to the impending economic predicament the United States government is facing at the end of 2012. Certain tax assistance laws enacted during the Bush administration and extended during the Obama administration, are set to expire on December 31, 2012, costing each U.S. taxpayer approximately $3,500 in higher taxes. The Budget Control Act of 2011, which was the compromise for the ... Read More

Mid-Day Gold & Silver Market Report – 10/16/2012

STOCKS AND GOLD BOTH RISE ON ECONOMIC DATA U.S. stocks made gains today following better-than-expected reports on domestic industrial growth and corporate earnings. At this point, less than 10 percent of S&P 500 companies have reported their numbers with 61 percent topping revenue expectations. Read More

Morning Gold & Silver Market Report – 10/16/2012

EURO RALLIES ON NEWS OF POSSIBLE SPANISH BAILOUT Precious Metals are regaining lost ground from yesterday as the euro strengthens against the dollar. News reports in Europe suggest that Spain is considering formally asking for assistance from the European Union’s bailout fund, which is causing the euro’s rally. Some analysts say that Spain’s prior r... Read More

Closing Gold & Silver Market Report – 10/15/2012

BIGGEST GOLD DROP SINCE JULY; GERMAN AID SOUGHT FOR EUROPEAN NATIONS Precious Metals prices began to drop this morning over distress that a global recession may be in our future. Also, it is rumored that China may be trying to sidestep additional easing measures. The overall impact of data showing a slower growing worldwide economy is affecting today’s market, especially commodities. “There are no clear signals from China whether there will be more stimulus,”... Read More

Mid-Day Gold & Silver Market Report – 10/15/2012

GOLD PUSHED BY PROFIT TAKING; EURO SQUEEZED BY UNCERTAINTY Gold’s failure to break $1,800 an ounce, along with positive U.S. economic data today, has many investors looking to cash out gains. Today’s retail sales data shows Americans bought more of everything in September and could indicate greater than expected growth in the third quarter. "The University of Michigan data on Friday, retail sales to... 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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