Our Daily Gold & Silver
Market Reports

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

CENTRAL BANK REACTIONS KEY TO SURVIVING   The euro rebounded in afternoon trading today, which helped Gold, Silver, and many stocks to rebound from early losses, as well. China is now firmly in the mix as one of the global problems, said Sandy Lincoln of BMO Asset Management U.S. “It’s Europe, China, and the U.S. as the three bi... Read More

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

FALLING IMPORT PRICES COULD SUPPORT MORE EASING    Import prices in the United States fell unexpectedly in July, extending the streak to four months of declines. The decline in import prices could be one more reason for the Federal Reserve to ease monetary policy further. Historically, tools such as quantitative easing have been very supportive of Precious Metals prices. The possi... Read More

Closing Gold & Silver Market Report, 8/9/2012

THE PRICE OF GOLD AND CRUDE OIL STABILIZE  Precious Metals across the board remained flat through the day. A belief that further stimulus measures will be pushed out by central banks is providing the substance Gold needs now. Charles Nedoss at Kingsview Financial said, “Continued hopes of more quantitative easing in key economies and fears of in... Read More

Morning Gold & Silver Market Report, 8/9/2012

ECONOMIC REPORTS BETTER THAN EXPECTED; GOLD STAGNATES   American stock futures and Precious Metals rebounded this morning after two economic reports were released. The trade deficit narrowed to the smallest gap in nearly two years, and weekly jobless claims fell Read More

Closing Gold & Silver Market Report, 8/8/2012

WHEN WILL EUROPE FINANCIALLY SECURE ITSELF?   Gold’s price remained steady today as many investors await central banks to disclose future stimulus plans. Ole Hansen at Saxo Bank said,  “I think investors inherently want to see it (the Gold price) higher and are worried about missing the boat. Liquidity is at a premium this time of year, and it does not take much to drive (the market... Read More

Morning Gold & Silver Market Report, 8/8/2012

PROFIT TAKING PULLS DOWN STOCKS, PRECIOUS METALS   American stock futures and Precious Metals were down slightly this morning, as investors are taking profits on recent gains. News of a downgrade to the outlook for Greece’s sovereign debt rating also affected the markets, as the European Union and International Monetary Fund seem less like... Read More

Morning Gold & Silver Market Report, 8/7/2012

BANKING TAKES ANOTHER DIRECT HIT; GOLD PRICE UP   Precious Metals prices were up again in early morning trading as the euro gained on the American dollar on the hope that the European Central Bank will step in with a quality easing plan. However, concerns persist over our own fiscal cliff and investor outlook for further Fed easing domestically. Analyst David Wilson hit on both concerns, saying, “It’s all about the exchange rates. Read More

Closing Gold & Silver Market Report, 8/6/2012

THE FUTURE WILL SHOW GOLD’S TRUE VALUE   Gold held on to price gains Monday. In a note, Credit Suisse explained how United States data ultimately affects the yellow metal. “Stronger economic data is a double-edged sword for Gold.” The note said the American dollar “tends to depreciate after good economic data due to reduced safe haven flows. Th... Read More

Morning Gold & Silver Market Report, 8/6/2012

REPORT PREDICTS GOLD TO RALLY ABOVE $1,900 IN 2012   A report from HSBC Bank states, “Economic uncertainty, geopolitical tensions and the uncertainty of the U.S. November elections are theoretically Gold bullish, and Gold should perform better later in the year when U.S. growth is poor and the dollar is weak.” The report further stated that “we expect prices to Read More

Closing Gold & Silver Market Report, 8/3/2012

GOLD PRICE RISES ON IMPROVED JOBS DATA   Precious Metals stayed in positive territory Friday based on the better than expected jobs report that was released earlier in the day. The news however was tempered by the fact that unemployment still remains relatively unchanged. Expectations continue to grow that further quantitative easing will likely occur in September. Trader Nicolas Berge said, “Even though the nonfarm payrolls beat the estimates, the unemp... Read More

Mid-Day Gold & Silver Market Report, 8/3/2012

GOLD PRICE RISES; CENTRAL BANKS’ ABILITIES QUESTIONED   Gold’s price began to ascend after positive numbers were released from this morning’s nonfarm payrolls report, which showed an estimated 163,000 jobs were created for July. For many investors, the upbeat data could begin to erase any chance of further economic stimulus in the United States. Stephen Stanley, chief economist at Pierpoint Securities, said, “Even with the better than expected payroll number, it’s... Read More

Morning Gold & Silver Market Report, 8/3/2012

HSBC PREDICTS $1,900 GOLD BEFORE 2013   Precious Metals gave up early gains after the better than expected nonfarm payrolls report was released this morning. The gain of 163,000 jobs in July blew past the expectations of 100,000. However, the unemployment rate moved up to 8.3 percent, the highest since February. American stock futures ad... Read More

Closing Gold & Silver Market Report, 8/2/2012

ECB CHIEF STRIKES OUT AFTER PROMISING HOME RUN   Stocks and many commodities sank lower today after the lack of any sign of commitment to stimulus by the European Central Bank. ECB President Mario Draghi had buoyed markets last week by promising that the ECB would Read More

Morning Gold & Silver Market Report, 8/2/2012

ECB ANNOUNCEMENT, FED MEETING DISAPPOINT MARKETS   American stock futures gave up some early gains after the European Central Bank (ECB) announced that eurozone interest rates will remain the same. While many economists said this would be the case, it seems investors were hoping for more. ECB President Mario Draghi ... Read More

Closing Gold & Silver Market Report, 8/1/2012

FED HOLDS STEADY; PRECIOUS METALS PRICES DIP      Precious Metals prices took a blow today as the United States Federal Reserve decided against any action to stimulate the economy at this time. The Federal Reserve is only one part of the monetary puzzle, so to speak, as the European Central Bank and the Bank of England are set t... Read More

Morning Gold & Silver Market Report, 8/1/2012

JOBS REPORT BETTER THAN EXPECTED; METALS PRICES DOWN   Precious Metals, stock markets, and currency trades alike were relatively flat this morning. The markets all seem to be waiting for a decision from the United States Federal Reserve at the conclusion of a two day policy meeting today. A big decision, such as a third round of q... Read More

Closing Gold & Silver Market Report, 07/31/2012

FED MEETS TODAY, BUT LOOK TO JACKSON HOLE FOR BIG NEWS   The Federal Reserve’s policy setting commission, the Federal Open Market Committee, is meeting in Washington today and tomorrow. Of course, the Internet is buzzing with speculation about a possible announcement of a new stimulus program. However, most analysts are looking to the Fed’s annual symposium in ... Read More

Morning Gold & Silver Market Report, 7/31/2012

FED POLICY MEETING SET TODAY; GOLD HOLDING FIRM   Precious Metals prices remained even in overnight trading, ahead of the start of a two day United States Federal Reserve policy meeting. The main area of focus remains the eurozone and possible quantitative easing domestically. There is a growing feeling among investors that there will be action taken on both fronts. Regarding quantitative easing, HSBC wrote in a note to investors, “Some of the tools the ... Read More

Closing Gold & Silver Market Report, 7/30/2012

TWO CONCERNS FOR EUROZONE: FUTURE AND CURRENCY   Gold’s price has maintained a slow increase today, as the main focus continues to be how the Federal Reserve plans to rebuild America’s financial system. Matt Zeman at Kingsview Financial said, “It is all going to ride on central bank action this week. Markets were quiet as traders were waiting to see whether the Federal Reserve and the European Central Bank will announce any measures when they meet ... Read More

Morning Gold & Silver Report, 7/30/2012

GOLD PRICE SLIGHTLY LOWER IN OVERNIGHT TRADING   Gold and equity markets are both poised to advance in the event that European leaders announce a plan to bail out Spain and curb further contagion. Spain has requested further eurozone support in buying its sovereign debt. Germany continues to be resistant to this notion, and this sets up a clash of wills as German finance officials prepare to meet with U.S. ... Read More

Closing Gold & Silver Market Report, 7/27/2012

GOLD CLOSES AT HIGHEST PRICE IN FIVE WEEKS  Gold closed the trading week at its highest price in five weeks on strong words from European leaders and anticipation of fiscal stimulus by the United States Federal Reserve. “It seems the ECB is pulling out at all stops to protect the euro,” said William O’Neill, a partner at ... 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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