Our Daily Gold & Silver
Market Reports

Mid-Day Gold & Silver Market Report – 2/4/2013

GOLD UP SLIGHTLY WHILE S&P REALIZES LARGEST DIP OF 2013 The Gold price is trickling up today, though recent U.S. economic recovery data has temporarily stalled the climb of the yellow metal. The Gold price has remained trapped in a tight range over the last several weeks. Chen Min, an analyst at Jinrui Futures, said, “Unless we see surprisingly good news for Gol... Read More

Mid-Day Gold & Silver Market Report – 2/4/2013

GOLD UP SLIGHTLY WHILE THE S&P REALIZES ITS LARGEST DIP OF 2013 The Gold price is trickling up today, though recent U.S. economic recovery data has temporarily stalled the climb of the yellow metal. The Gold price has remained trapped in a tight range over the last several weeks. Chen Min, an analyst at Jinrui Futures said, "Unless we see surprisingly good ... Read More

Morning Gold & Silver Market Report – 2/4/2013

POLITICAL TURMOIL RETURNS TO EUROPE; GOLD POISED FOR MORE GAINS Investors have their eye on Europe as there are signs of returning political turmoil. Spanish government bonds rose as Spain’s prime minister is working to contain a corruption scandal. Later this month, Italy will have a general election, and investors will watch the actions of that new government. There is concern the next government will change economic measures already in place. Read More

Weekly Gold & Silver Market Recap – 2/01/2013

GOLD ENCOUNTERS SOME KEY FACTORS THIS WEEK The week began with a slight downward movement in Precious Metals prices as the U.S. dollar regained some ground against foreign currencies. The market anticipated a shift in prices from a heavy slate of U.S. data that was released throughout the week along with the Federal Reserve announcement on further stimulus measures. In... Read More

Mid-Day Gold & Silver Market Report – 2/01/2013

SENATE SUSPENDS DEBT CEILING, DOW BREAKS 14,000 The U.S. Senate approved legislation today suspending the debt ceiling until May 18, 2013. This gives the U.S. the ability to borrow any amount until that day in May. Those additional debt obligations will be added to the current debt limit of $16.4 trillion. This brings to light the March 1 deadline for sequ... Read More

Morning Gold & Silver Market Report – 2/1/2013

JOBS DATA DISAPPOINTS AS UNEMPLOYMENT RISES Gold and Silver prices jumped this morning after the release of U.S. payrolls data. In a report before the release, UBS said, “Current price levels, which are essentially where Gold hovered before the U.S. GDP print, suggest that expectations are once again skewed towards positive payrolls figures.” The prices of... Read More

Closing Gold & Silver Market Report – 1/31/2013

GOLD DOWN ON PROFIT TAKING; STOCKS FALL AFTER STRONG JANUARY Today, Gold gave back all gains earned during its two session rally as profit taking caused the metal to remain range bound, pending more abrupt economic news. Though Precious Metals have experienced recent dips from projected price targets for the end of 2012 and into 2013, metal analysts at HSBC st... Read More

Mid-Day Gold & Silver Market Report – 1/31/2013

GOLD’S REACTION TOWARD FED STATEMENT IS PESSIMISTIC Precious Metals are reacting to investors frustrated by Gold’s movement yesterday after the Fed announced they would continue their bond buying program. Analysts suggest Gold moved ahead of the anticipated statement from the Fed as the continued bond buying had been forecasted. Investors are patiently waiting Friday’s nonfarm payroll data to show how the U.S. l... Read More

Morning Gold & Silver Market Report – 1/31/2013

UNEMPLOYMENT NUMBER JUMPS; GOLD RETREATS The number of Americans seeking unemployment assistance rose last week. This rise comes on the heels of two weeks of decreased applications to five year lows. As a contrast, the Labor Department says spending rose by 0.2 percent, which reflects the fact that, in December, incomes rose 2.6 percent, the most they have in 8 years. The Gold price is falling o... Read More

Closing Gold & Silver Market Report – 1/30/2012

SHRINKING GDP, CONTINUED FED EASING PUSH GOLD HIGHER In response to news that the economy shrank in the last quarter of 2012, the price for Gold gained to end higher. With the Fed intending to continue its aggressive easing policies, both Gold and Silver saw increases during the day’s trading. GFT Markets technical analyst Fawad Razaqzada believes “that investors still see Gold an... Read More

Mid-Day Gold & Silver Market Report – 1/30/2013

GOLD BOOSTED BY NEGATIVE ECONOMIC REPORTS Gold and other Precious Metals benefited today following reports of a U.S. economic contraction in the fourth quarter of 2012. According to the first of three reports made public by the Commerce Department, gross domestic product fell by a 0.1 percent annual rate in the final quarter. This initial report is well below the f... Read More

Morning Gold & Silver Market Report – 1/30/2013

GDP DATA SHOCKS MARKETS; ECONOMY SLOWING Precious Metals prices received an unexpected boost this morning, as the fourth quarter gross domestic product (GDP) release shocked the markets. Expectations across the board were that GDP would show slow growth for the economy, but now analysts are thinking that additional monetary stimulus may be needed as the drop was much more than expected. Some are specula... Read More

Closing Gold & Silver Market Report – 1/29/2013

GOLD PRICE GOES HIGHER ON FED SPECULATION The Gold price rose to the highest level in two weeks, mostly based on the view that the United States Federal Reserve will continue their monetary easing. “The consensus is that the Fed will continue with the easing until the growth gains traction,” Chuck Butler, president of EverBank World Markets... Read More

Mid-Day Gold & Silver Market Report – 1/29/2013

NEGATIVE U.S. CONSUMER CONFIDENCE LIFTS GOLD Precious Metals prices are on the rise as pessimistic U.S. economic news was released today. Economists predicted consumer confidence would slightly drop to 64, but shockingly it fell to 58.6 in December. Consumer concern comes after U.S. politicians reached an agreement to avoid the fiscal cliff, which increased taxes for many Americans and left budget decisions to be handled at a later date. “ Read More

Morning Gold & Silver Market Report – 1/29/2013

LOWER METAL PRICES SPUR BUYING Gold and Silver prices are rising this morning ahead of a Federal Reserve meeting and statement coming later in the week.  Commerzbank analyst Eugen Weinberg said, “After the losses of the past few days, there is some buying interest … we are likely to keep seeing some buying on the dips but not strong enough to support ... Read More

Closing Gold & Silver Market Report – 1/28/2013

GOLD PRICES DOWN WITH POSITIVE ECONOMIC NEWS Gold prices ended lower today based on potential news from the United States Federal Reserve and positive economic reports. In China, industrial profits rose in December for the fourth month in a row. In the U.S., orders for durable goods rose for the fourth month as well. “The global backdrop has improved,” Economist Peter Newland, for Barclays Plc., said. “There should be much scope for businesses to contribute to growth.” Read More

Mid-Day Gold & Silver Market Report – 1/28/2013

GOLD AND STOCKS RELATIVELY EVEN ON MIXED DATA Gold is trading flat today following three straight sessions of losses. A stronger dollar and mixed economic data have caused investors to temporarily back-off from the safe-haven appeal of Precious Metals. “There is some confusion in the minds of almost all Gold and Silver traders,” Phil Storer, director of trading at ... Read More

Morning Gold & Silver Market Report – 1/28/2013

U.S. DOLLAR SHOWING STRENGTH; GOLD HOVERING The dollar is regaining some ground against foreign currencies. Late Friday, the WSJ Dollar Index was up against the broad basket of six currencies and in overnight trading the ICE dollar index also showed gains. Crédit Agricole chief global forex strategist Mitul Kotecha said, “a heavy slate o... Read More

Weekly Gold & Silver Market Recap – 1/25/2013

GOLD ENDS WEEK LOWER; OUTLOOK STILL POSITIVE On Tuesday the United States financial markets started a shorten week, and Gold prices hit the highest point since Dec. 17 of last year. Early in the day, news of Japan continuing its monetary easing, followed by two different reports from the U.S., gave the market a boost. Existing home sales and weak manufacturing r... Read More

Mid-Day Gold & Silver Market Report – 1/25/2013

CHINA SEES POTENTIAL IN SILVER; HOME SALES DIP The commerce department today said that home sales dropped 7.3 percent last month, a number below analysts forecasts. This number may be taken with a grain of salt because this government data is subject to revision. Case in point, November 2012’s numbers have been adjusted up making it the best month since November 2010. Economists think home building added to... Read More

Morning Gold & Silver Market Report – 1/25/2013

GREED ENTERING THE MARKETPLACE? Gold and Silver prices are trading slightly lower this morning, and Henrik Drusebjerg of Nordea Bank believes we may be seeing a shift in investor viewpoints. He said, “I guess there’s a tendency to a different mood among investors that has been very dominated by fear of different areas like the debt crisis and the fiscal cliff. Now it seems the fear’s more like, ‘what could I miss? Could I miss any returns if I remain too careful 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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