Our Daily Gold & Silver
Market Reports

Morning Gold & Silver Market Report – 9/26/2012

GREECE & SPAIN HURT EURO, DRIVE DOWN METALS PRICES Precious Metals are trading lower this morning as central bank buying wasn’t enough to keep prices in positive territory. Renewed concerns out of Greece and Spain have driven the euro downward and strengthened the dollar. However, analysts at Commerzbank noted, “Central banks are likely ... Read More

Closing Gold & Silver Market Report – 9/25/2012

GOLD STAYS STEADY; U.S.A. FISCAL CLIFF INCHES CLOSER Today’s Gold prices remained relatively flat for the majority of the day. The main reason for the calm is quite simple; there has been a lack of financial news to push the market in either direction. One piece of news that has been gaining attention is the amount of Gold that countries have been adding to their central banking systems. South Korea and Paraguay lea... Read More

Mid-Day Gold & Silver Market Report – 09/25/2012

GOLD’S BULLISH SIGNALS; WILL QE3 BE WORTH IT? Gold continues to hold steady through midday trading. While weaker German business data weakened the euro and pushed up the U.S. dollar, expectations of central bank monetary stimulus and central bank buying appear to be providing bullish signals for Gold. "We still prefer to be buying Gold on dips and believe Read More

Morning Gold & Silver Market Report – 9/25/2012

HOUSING AND CONSUMER CONFIDENCE REPORTS DUE Stocks are holding their own Tuesday morning as investors are waiting for housing and consumer confidence data. At 10 a.m. (EDT), the July home-price index and the September consumer-confidence index will be released. Christian Tegllund Blaagjerg, Chief economist at FIH Erhvervsbank, said,... Read More

Closing Gold & Silver Market Report - 9/24/2012

GOLD PRICE LOOKING FOR INSPIRATION Gold is attempting to hold its price as investors have begun to take profits today. Natixis Bank believes QE3 was a major contributor to Gold’s rising price and they think more positive contributors will come for the metal. Natixis Bank said, "The market will instead turn to the question of the imminent U.S. "fis... Read More

Mid-Day Gold & Silver Market Report – 9/24/2012

EUROZONE NOT IN AGREEMENT; STOCKS AND METALS PRICES FALL The latest news concerning Europe’s struggle to see eye to eye on correcting the region’s debt crisis has caused U.S. stocks to fall today. The turmoil between eurozone leaders and reports that indicate a slowdown in the Chinese and German economies have extended Read More

Morning Gold & Silver Market Report – 9/24/2012

GOLD & SILVER PRICES FALL IN EARLY MORNING TRADING Increased fears about the slowing U.S. and European economies have driven up the U.S. dollar while driving down Gold and other commodities across the globe. Gold and Silver prices are currently up over their morning lows. Most likely, this downward movement is a correction in the value of the euro versus the U.S. d... Read More

Closing Gold & Silver Market Report – 9/21/2012

GOLD GAINING MOMENTUM Precious Metals prices have ticked downward in afternoon trading, echoing the end of the week for stocks. Art Hogan of Lazard Capital Markets said of the stock market, “After having two explosive weeks to the upside, where the S&P 500 was up 3.5 percent, it’s a huge victory to come out... Read More

Mid-Day Gold & Silver Market Report – 9/21/2012

SPAIN SEEKING REFORM; EXPERTS TOUT GOLD U.S. stocks rose today due in part to reports that Spanish Economy Minister Luis de Guindos is finally seeking bailout arrangements from the European Central Bank (ECB). Spain will have to agree to conditions set forth by the ECB in order to receive a portion of the $130 billion that has been allocated in ... Read More

Morning Gold & Silver Market Report – 9/21/2012

GOLD MOVES UP; TALK OF MORE STIMULUS FORTHCOMING Gold is continuing to rise following the abundance of economic stimulus in the global economy. Many central banks around the world have implemented plans to ease financial issues, including the United States, Europe and Japan. These moves have had a positive impact on Gold’s pricing and they could become a growing trend. “With the open-ended scheme to pri... Read More

Closing Gold & Silver Market Report – 09/20/2012

GOLD RESISTS PRESSURE; U.S. ECONOMY IN SLOW GROWTH Gold held its position well today despite a strong movement in the dollar and weaker U.S. equities. Also, China reported low manufacturing activity, which pushed European stocks down... Read More

Mid-Day Gold & Silver Market Report – 09/20/2012

GOLD UNDER PRESSURE FROM THE U.S. DOLLAR Gold continues to feel pressure through mid-day trading moving off the 6-1/2 month high set yesterday.  Even news that the Bank of Japan would be launching its own round of monetary easing is not enough to offset the pressure from a strengthening U.S. dollar and investor profit taking. "The general mood is still positive. I think the longer we stall here... Read More

Morning Gold & Silver Market Report – 9/20/2012

‘SUPPORT REMAINS UNDER THE MARKET’ FOR GOLD U.S. stock futures and Precious Metals have edged downward this morning as the dollar firmed. “The rise in Gold and Silver will be tempered by drops in the stock market and rises in the dollar, and if this continues then the upside is limited for the time being,” Marex Spectron said in a note. “However, support remains under the market…” VTB Capital said in its own note, “Judging by the broader commodity market, QE3 eupho... Read More

Closing Gold & Silver Market Report - 9/19/2012

STABLE DAY FOR PRECIOUS METALS; INVESTORS ACQUIRE RECORD HOLDINGS OF PLATINUM Precious Metals prices remain flat following today’s trends. The small movement came after a decrease in crude oil by almost 4 percent for the day along with the Bank of Japan’ confirmation of further easing measures to improve the country’s economy. Stephen Platt at Archer Financial Services said, “Amid the crude oil break, Read More

Mid-Day Gold & Silver Market Report – 9/19/12

GOLD KEEPS UPWARD TREND GOING; FISCAL CLIFF LOOMING The price of Gold has continued to climb today with even more news of monetary easing by central banks around the world. "Current monetary easing by central banks is warranted by weak economic growth and subdued inflationary pressures in developed economies," BNP Paribas analyst Anne-Laure Tremblay said. "This trend is likely to continue until we see a notable improvement in economic growth trends.... Read More

Morning Gold & Silver Market Report – 9/19/12

GOLD NEAR SEVEN-MONTH HIGH AS BANK OF JAPAN EASES The Gold price rose this morning on news that the Bank of Japan has joined the United States Federal Reserve and the European Central Bank on the quantitative easing bandwagon. Max Cohen of Spreadex Ltd. said, “As central banks around the world pull together to provide stimulus and... Read More

Closing Gold & Silver Market Report – 9/18/2012

BANK SAYS GOLD COULD REACH $2,400 PER OUNCE IN 2014 Gold has recovered from earlier losses, Silver added to gains, and Platinum and Palladium continued to dip in afternoon trading today. The latter two metals are being pushed down by the end of the sometimes violent strike of miners in South Africa. Bank of America Merrill Lynch said in a note, “Given the new open-ended nature of QE3, the upward pressure on Gold prices should continue until employment is strong eno... Read More

Mid-Day Gold & Silver Market Report – 09/18/2012

QUESTIONS OF QE3’S EFFECTIVENESS; S. AFRICA STRIKE APPEARS OVER Gold prices moved off earlier session lows as the Federal Reserve has stated it’s “running flat out” of plans to stimulate the lagging U.S. economy. Excitement over last week’s announcement of a newest round of monetary easing (QE3) has been tempered by concerns over it’s effectiveness. “Judging by the broader commodity market, the QE3 euphoria ... Read More

Morning Gold & Silver Market Report – 9/18/2012

OVERNIGHT PROFIT TAKING FOR THE EURO After a four month euro rally, Tuesday saw some profit-taking and the euro fell against the dollar. Spain’s seeming reluctance to seek a bailout isn’t sitting well with investors either. Derek Halpenny, head of FX research in London, said “If Spain steps forward (to ask for a bailout) and all of us get some clarity it would remove an element of ... Read More

Closing Gold & Silver Market Report, 9/17/2012

GOLD’S VALUE INCREASES BY 13% IN 2012; BULGARIA REJECTS ADOPTION OF EURO Precious Metals moved slightly down for the day, taking a break from last week’s driving force of the announcement of QE3 that will aid the American economy. The past four weeks grabbed the market’s attention of how Gold is thought of as a safe haven with a rise of over 9 percent. Silver showed an increase of 23 percent. Julian Jessop at Capital Economics said, “The price for the Preciou... Read More

Mid-Day Gold & Silver Market Report – 9/17/2012

ANALYST SAYS ALL SIGNS POINT TO HIGHER METALS PRICES The four-session win streak by the Dow Jones Industrial Average came to an end today with concerns over the eurozone and shrinking manufacturing reports in the New York area. This dip comes after the Dow reached its highest level since December 10, 2007 following the Fed’s announcement of QE3 last we... 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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