Our Daily Gold & Silver
Market Reports

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

GOLD PRIMED FOR BREAKOUT; GLOBAL EFFECTS OF FISCAL CLIFF Gold has been steady over the last few months and it has some economists wondering if the yellow metal is ready to break out of its holding pattern. "Concerns about overall global economic health have kept Gold in a pretty tight trading range, but this is typical just before some type of breakout, up or down. Read More

Closing Gold & Silver Market Report – 10/11/2012

GOLD GAINS ON CONTINUED EUROZONE WOES DESPITE POSITIVE U.S. JOBS NEWS Gold experienced subtle gains today as promising data from the U.S. labor market compensated for a weaker dollar. Jobless claims fell despite anticipated projections of a rise in unemployment. Though the positive news from the Labor Department would typically inspire ... Read More

Mid-Day Gold & Silver Market Report – 10/11/2012

GOLD REBOUNDING AFTER SPAIN’S DOWNGRADE Gold has rebounded today despite concerns over a downgrade of Spain’s creditworthiness. The euro has stabilized after Standard & Poor’s downgraded Spain’s credit rating to BBB-, just a step away from a "speculative" rating. "We have been seeing a bit of demand coming out of the woodwork. It's nothing huge, but it was better than it has been previous... Read More

Morning Gold & Silver Market Report – 10/11/2012

SPAIN’S CREDIT NEAR JUNK; U.S. JOBLESS CLAIMS DOWN As Spain’s credit worthiness nears junk status, the euro found some life and steadied, holding Gold’s price in the upper $1,700’s. Spain is the eurozone’s fourth largest economy, and it is now carrying a credit rating of BBB- according to Standard & Poor’s. Though the downgrade had little effe... Read More

Closing Gold & Silver Market Report - 10/10/2012

WHAT CAN DEFEAT GOLD? FISCAL CLIFF APPROACHING QUICKLY Once again Gold successfully fought off the negative news in the market and remained flat for the day after being slightly down this morning. The eurozone financial crisis is worsening by the day, and Gold has been negatively affected by the situation. A Reuters poll released today reflects that 27 analysts remain bullish on Precious Metals for the... Read More

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

GOLD SEEN AS SAFE HAVEN; ENGLAND COMMENTS ON EUROPE The headlines have been dominated by the struggles of the global economy and the uncertainty of investment options. However, Gold has shown to be a steady option recently. “Gold (is one of the most liquid ways) to get exposure to inflation. The volatility… will remain low going forward as... Read More

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

GOLD AND EQUITIES MARKETS DOWN AGAIN ON WORLD GROWTH OUTLOOK Trepidation continues to weigh on investors as the U.S. stock market opened to early losses this morning. A meager outlook for global growth and reduced earnings are the catalysts for market dips in recent days. "We have had a number of large companies reporting poor visibilities and that i... Read More

Closing Gold & Silver Market Report – 10/09/2012

GOLD CLOSES DOWN; EURO FINANCE MINISTERS MEET For the third consecutive day, Gold has closed lower. Signs point to a sluggish global economy. The unease in Europe continues with protests in Greece during the German Chancellor’s visit. China announced more monetary easing due to disappointing market reports in the country. Jeffrey Sica, chief investment ... Read More

Mid-Day Gold & Silver Market Report – 10/09/2012

EURO WORRIES GROW; GOLD A SAFE HAVEN Downward pressure on Gold from a weakening euro is being offset to some degree by investors seeking the safe haven appeal of Gold. The European currency fell as the bailout plans for both Spain and Greece appear to have hit significant road blocks. "A drift higher in the dollar won't have much of a damning impact on Gold because it would indicate that there is so... Read More

Morning Gold & Silver Market Report – 10/9/2012

GLOBAL ECONOMY TO GROW AT SLOWEST RATE SINCE 2009 Startling news out of Europe this morning has caused many investors to seek safe haven investments. The International Monetary Fund (IMF) said that many eurozone countries will miss their budget deficit targets agreed upon with European authorities, causing the euro to fall. This... Read More

Closing Gold & Silver Market Report - 10/8/2012

GOLD HOLDS FIRM; SPAIN MAY BE ON ITS OWN Gold felt some pressure today as the U.S. dollar strengthened and profit taking began. However, the yellow metal is proving it can hold its ground by making up part of its morning loss for the day. It is expected that the American economy will see more optimistic news, and that along with the further downfall of Europe will be positive for the U.S. dollar’s... Read More

Mid-Day Gold & Silver Market Report – 10/8/2012

SPAIN A SORE SUBJECT IN EUROPE Precious Metals prices have recovered slightly in morning trading. The U.S. dollar continues to rise against the euro as many are losing confidence in eurozone finance ministers to resolve recent debt issues that have come up. Spain is a particularly sore subject in the region. German Finance Minis... Read More

Morning Gold & Silver Market Report – 10/8/2012

GOLD & SILVER PRICES DECLINE IN MORNING TRADING Two forces are affecting Gold and Silver prices this morning. One is profit taking as traders take a portion of their profits off the table. The second is the rising U.S. dollar relative to the euro and other currencies. Investors are still digesting Friday’s jobs report, which stemmed the tide o... Read More

Closing Gold & Silver Market Report - 10/5/2012

PIMCO CEO PREDICTS INFLATION NEAR THREE PERCENT Precious Metals prices began to decline after the United States unemployment rate dropped a surprising 0.3 percent. The market is reacting radically with concern that the good news for the American economy could cut QE3 short. “People are throwing in the towel,” Adam Klopfenstein, a senior m... Read More

Mid-Day Gold & Silver Market Report – 10/5/2012

JOBS REPORT NOT EXPECTED TO HINDER GOLD PROGRESS Friday’s report showing a drop in last month’s unemployment rate has boosted stocks and pulled down Precious Metals prices. The jobs data represents the first time in 44 months that unemployment has been below 8 percent. However, Jan Hatzius, Goldman Sachs’ chief U.S. economist, believes the addition of 114,000 new jobs in the month of September is still uninspiring... Read More

Morning Gold & Silver Market Report – 10/5/2012

METALS FALL AS UNEMPLOYMENT RATE UNEXPECTEDLY DROPS Precious Metals added to early losses after the release of the Labor Department’s nonfarm payrolls report. The addition of jobs in September was disappointing, but the unemployment rate fell by 0.3 percent to 7.8 percent, which is the lowest level since January 2009. Since the ne... Read More

Closing Gold & Silver Market Report – 10/4/2012

GOLD RISES AFTER NEWS OF EUROPEAN DEDICATION TO MONETARY EASING Gold and the other Precious Metals ended the day up significantly as European Central Bank President Mario Draghi assured the public that the bond-buying initiative for the eurozone is helping ease financial anxiety. Europe’s plan for quantitative easing (QE) is set to continue f... Read More

Mid-Day Gold & Silver Market Report – 10/4/2012

GOLD EYES $1,800 PRIZE; FACTORIES FEEL GLOBAL SLOWDOWN The commitment by the European Central Bank to keep interest rates low, as well as widespread support for the euro, have Gold reaching for the prized $1,800 mark. “The question is of when rather than if we break out,” said Simon Weeks, ScotiaMocatta’s director of Precious Metals sales.”We've made about three highs in the low $1,790s. It needs to close above this resistance in the low to mid 90s, if we close abo... Read More

Morning Gold & Silver Market Report – 10/4/2012

EURO TROUBLES, “FINANCIAL ARMAGEDDON” SUPPORT GOLD Precious Metals are continuing their climb this morning, with Silver reclaiming $35 per ounce and Gold topping $1,790. An early boost came with news that the European Central Bank would hold steady on interest rates again, at 0.75 percent, with a zero percent interest rate on its deposit facility. ECB President Mario Draghi said at his monthly press conf... Read More

Closing Gold & Silver Market Report - 10/3/2012

INVESTORS SEEK SAFE HAVEN; GREECE’S DEBT-TO-GDP TO RISE TO 179.3% Historically, Gold has been known to hold its value and is seen as a store of wealth. The view has not changed as central banks and individuals worldwide are investing in Gold to protect themselves for the unforeseen future. The Federal Reserve, European Central Bank and the Bank of Japan have decided to provide further stimulus measures to assist their economies with growth, but this has only pushed... Read More

Mid-Day Gold & Silver Market Report – 10/3/2012

GOLD AND THE DEBATE; GLOBAL ECONOMY CONTINUES SKID The Gold price has moved up today as the United States looks ahead to tonight’s first presidential debate of the election year. This election could shape the outlook of the U.S. economy for years to come. One person in particular, Federal Reserve Chairman B... 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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