Our Daily Gold & Silver
Market Reports

Morning Gold & Silver Market Report – 1/24/2013

GOLD DIPS - JOBLESS CLAIMS DOWN Analysts had expected an increase in jobless claims but the number of Americans filing for unemployment benefits fell to its lowest level since January 2008.  This is the second straight week of falling claims.  The unemployment rate held steady at 7.8 percent.  Although is appears many companies are not laying off workers as anticipated, they are adding new jobs at a slow ... Read More

Closing Gold & Silver Market Report – 1/23/2013

GOLD FALLS OFF MONTH HIGHS; DEBT CEILING SUSPENDED UNTIL MID-MAY Gold is down today following last session’s gains which had boosted the metal to its highest level in one month. Liberal fiscal policy in Japan and a weaker dollar, following disappointing economic data, were the major drivers in Gold’s recent run-up. Though today’s dip was not a major one, Gold is h... Read More

Mid-Day Gold & Silver Market Report – 1/23/2013

GOLD DEMAND HIGH; GLOBAL GROWTH FORECAST CUT Gold demand for this time of year is historically low. However, this year has started off with a higher than average demand for the yellow metal. “It was strong in November and that’s normally a usual seasonal pattern that we see coming through from Indian post-monsoon, wedding season buying. The fa... Read More

Morning Gold & Silver Market Report – 1/23/2013

VOTE EXPECTED TODAY ON DEBT CEILING The Gold price is relatively flat while the Silver price is on an upswing this morning. Many investors seem to be waiting on the results of a vote to temporarily increase the debt ceiling until a longer term resolution can be put in place. Regarding the long-term picture for the Gold price, Standard Bank analyst Walter de Wet said, “We continue to see a lot of monetary ea... Read More

Closing Gold & Silver Market Report – 1/22/2013

GOLD PRICE HITS A HIGH TODAY As the United States financial markets start a shorten week, Gold price hit its highest point since December 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 reports from the Federal Res... Read More

Mid-Day Gold & Silver Market Report – 1/22/2013

U.S. DOLLAR DOWN AS YEN, EURO RECEIVE BOOST Gold prices rose after the Bank of Japan announced its new monetary easing strategy. “Bank of Japan move signals possible inflation down the road as well as continued return to Gold [in the] first weeks of the year by funds,” George Gero, Precious Metals strategist at RBC Wealth Management, wrote... Read More

Morning Gold & Silver Market Report – 1/22/2013

BANK OF JAPAN TO EASE, SUPPORTING GOLD PRICE Gold and Silver prices are trading flat this morning, held down by a weak U.S. stock market. Helping the price of Gold, however, is the announcement by the Bank of Japan that further easing is on its way. GFMS analyst Rhona O’Connell said, “At the international level, it’s another expansionary element to add to the U.S.’ and EU’s actions; not an earth-mover, ... Read More

Weekly Gold & Silver Market Recap – 1/18/2013

GOLD MOVES UP WITH ASSISTANCE, U.S. MINT SILVER SHORTAGE It is well know that the price of Gold can be affected by many sources, and this week was no different. Monday the price of Gold got a boost from economies around the globe. The Gold price rose overnight as the U.S. dollar lost ground against world currencies. Expectations of aggressive mon... Read More

Mid-Day Gold & Silver Market Report – 1/18/2013

U.S MINT SELLS OUT OF SILVER AMERICAN EAGLES The United States Mint may not be a common conversation topic around the dinner table, but so far this month, the 6,007,000 ounces of Silver they have sold has been enough to suspend Silver sales. In essence, the Mint has sold out of Silver coins. We have yet to reach the record of 6.42 million ounces ... Read More

Morning Gold & Silver Market Report – 1/18/2013

CHINA’S ECONOMY, U.S. MANUFACTURING KEEP METALS FLAT Gold and Silver are mostly flat this morning after economic data showed China’s economy grew 7.9 percent in the fourth quarter compared to last year, which was well above forecasts. The safe haven appeal of Gold received a boost after the Federal Reserve Bank of Philadelphia’s regional m... Read More

Closing Gold & Silver Market Report – 1/17/2013

OPTIMISTIC U.S. NEWS BOOSTS METALS; AAA STATUS IN JEOPARDY Precious Metals prices edged up today as the Labor Department confirmed weekly unemployment benefit applications dropped to the lowest level since January 2008. Also, the Commerce Department stated that new home construction rose by 12.1 percent in December, proving the U.S. economy is experiencing growth. U.S. credit rating agency Fitch announced earlie... Read More

Mid-Day Gold & Silver Market Report – 1/17/2013

PLATINUM AND PALLADIUM ON A RUN; S&P AT HIGHEST LEVEL IN OVER FIVE YEARS Optimistic U.S. housing and jobs data has boosted stocks and increased the appetite for commodities; thus, Platinum and Palladium are trading at their highest levels in months. Platinum and Palladium have lived in the relative shadow of Gold and Silver as their application is largely indust... Read More

Morning Gold & Silver Market Report – 1/17/2013

SPANISH DEBT AUCTION A SUCCESS; PLATINUM TOPS GOLD If you are looking for excitement in the U.S. stock market, you may be left wanting. Futures on the Dow and the S&P are not showing us much this morning; however, the euro took a stronger position against the dollar and yen in overnight trading when a Spanish debt auction lifted sentiment toward riskier a... Read More

Closing Gold & Silver Market Report – 1/16/2013

GLOBAL GROWTH OUTLOOK AFFECTS GOLD; GERMANY REQUESTS GOLD RESERVES The price of Gold fluctuated slightly as the World Bank predicted weaker global growth for 2013. “Today's setback was World Bank lowering growth expectations, anti inflationary somewhat,” George Gero, Precious Metals strategist at RBC Wealth Management, wrote in a note Wednesday.... Read More

Mid-Day Gold & Silver Market Report – 1/16/2013

GOLD FORECAST CHANGES; GOVERNMENT SPENDING QUESTIONED Most financial experts are forecasting the Gold price to increase in 2013 for the 13th year in a row. However, some financial institutions are scaling back their initial Gold forecast. “The Gold market tends to look beyond headline inflation, to what the reaction of the central banks is going to be. Even though inflation has been rather low for the past couple... Read More

Morning Gold & Silver Market Report – 1/16/2013

STOCKS TRADING LOW; GOLD OVERTAKES PLATINUM U.S. stock futures and Precious Metals are trading lower this morning. Data showed that consumer prices were flat in December thanks to falling energy costs, but the core prices, which do not include food or energy, went up by 0.1 percent. For stocks, Read More

Closing Gold & Silver Market Report – 1/15/2013

GOLD STARTS THE WEEK MOVING UPWARD  Gold has seen a two week high so far this week. Most financial experts agree that the yellow metal is set to continue its twelve year climb. Most forecasts point to central banks’ continuing stimulus programs and record low interest rates as driving factors of the Precious Metals... Read More

Mid-Day Gold & Silver Market Report – 1/15/2013

BUNDESBANK WANTS GOLD RESERVES TO STAY AT HOME Gold piggybacked off both yesterday’s gains and the dramatic rise in Platinum price to pull within striking distance of its critical support level of $1,700 per ounce. Germany’s central bank, Bundesbank, plans to keep its Gold holdings in close proximity as opposed to securing it in foreign banks as it has done in the past. Gold investors carefully watch the net purchase of Gold by central banks. The rise in Gold acquisition by ... Read More

Morning Gold & Silver Market Report – 1/15/2013

PLATINUM BOOSTS GOLD; FITCH WARNS ON DEBT CEILING Gold is higher this morning, thanks in large part to Platinum. Since the world’s top Platinum producer reported output would be cut by 400,000 ounces, Platinum’s price has overtaken Gold’s for the first time since March; however, it is seemingly boosting Gold’s appeal as well. Saxo Bank vice president Ole Hansen said, “Platinum is the main driver … [but]... Read More

Closing Gold & Silver Market Report – 1/14/2013

GOLD FINDS SUPPORT AS DEBT CEILING ISSUES ARISE; U.S. ECONOMY SHOWS PROGRESS The Gold price increased today as concerns grow on two economic matters: First, whether the Federal Reserve will continue its bond buying program as the economy appears to be recovering, and second, if politicians will come to a debt ceiling agreement. Analysts suggest Gold will receive support with the upcoming debates over raising the U.S... Read More

Mid-Day Gold & Silver Market Report – 1/14/2013

STRONG EURO LIFTS GOLD AHEAD OF FED SPEECHES A strong euro, aggressive physical buying in China, and reports that the Bank of Japan will increase its inflation target have all driven the Gold price up today. The marginal gain comes following a significant price dip Friday. “ 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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