Our Daily Gold & Silver
Market Reports

Mid-Day Gold & Silver Market Report – 11/1/2012

SLOW GROWTH COULD LEAD TO BAD NEWS FOR FINANCIAL MARKETS Stocks have gained approximately 1% so far today as Gold and Silver have turned downwards.  Economic data from the U.S. and China supported thoughts of a growing global economy, according to Scott Wren of Wells Fargo Advisors.  Wren said, “The data still tells me we’re in a modest growth ... Read More

Morning Gold & Silver Market Report – 11/01/2012

U.S. PRODUCTIVITY UP; START OF THE GOLD SEASON Before the jobs and consumer confidence reports were released this morning, U.S. stock futures had remained mostly stable, trading in a very tight range. John Haynes, head of research at Investec Wealth & Investment in London, summed up the current investor mood, saying, “I think people are underestimating... Read More

Closing Gold & Silver Market Report – 10/31/2012

WALL STREET RETURNS TO WORK; GOLD DOWN FOR MONTH, UP FOR YEAR Halloween isn’t enough to scare up a full day’s worth of gains on Wall Street. The stock market was open for a full day after Hurricane Sandy shut everything down for a two-day closure, the first since 1888. Jonathan Corpina, senior managing partner at Meridian Equity Partners in New York, is quoted saying, &q... Read More

Mid-Day Gold & Silver Market Report – 10/31/2012

GOLD MOVES UP ON EUROPE HOPE; THE COST AFTER THE STORM For the second day in a row, the Gold price has moved upwards. There are a few reasons for the upswing. “Gold is getting some bids today because of optimism about Europe,” Sterling Smith, a futures specialist at Citigroup Inc, said. Another reason is the holdings in bullion-back... Read More

Morning Gold & Silver Market Report – 10/31/2012

WALL STREET REOPENS; ELECTION, FISCAL CLIFF TO DECIDE GOLD’S FUTURE Precious Metals prices are rising this morning ahead of Wall Street’s official reopen Stock futures are higher as well, with trading expected to begin at 9:30 a.m. (EDT). Yesterday saw the release of the Case-Shiller index for August, which showed that home pri... Read More

Closing Gold & Silver Market Report – 10/30/2012

GOLD STAYS FLAT IN STORMY WEATHER; EUROPE SHOWING IMPROVEMENT Gold hovered today as Hurricane Sandy passes over the East Coast of the United States. While there has not been much movement in the price of Gold, the small amount has been positive. A couple of reasons have been the positive economic reports out of Europe and the news of more monetary easin... Read More

Mid-Day Gold & Silver Market Report – 10/30/2012

PLATINUM, PALLADIUM IMPROVE WITH STRIKE; EUROPE SUPPORTS GREECE Precious Metals prices are steady following a declining U.S. dollar. The U.S. non-farm payrolls report will be released Friday and is expected to show an additional 125,000 new jobs last month. “An increase in unemployment is a reason to be positive on the Gold price because we would see a greater pos... Read More

Morning Gold & Silver Market Report – 10/30/2012

SPAIN’S RECESSION CONTINUES; HEDGE FUNDS RETURNING TO PALLADIUM Precious Metals prices are rising this morning as the U.S. dollar falls, with Silver and Platinum leading the way. Global stocks are up as well due to Hurricane Sandy looking to be less costly than expected. Wall Street is closed for the second day in a row, though electronic trading continues at very low volumes, “which makes today’s gains ... Read More

Closing Gold & Silver Market Report – 10/29/2012

GOLD’S PRICE SURPASSES PRESSURE; AMERICANS CONFIDENT IN THE ECONOMY ONCE AGAIN Gold is being tested at the $1,700 price point, but is reassuring investors again this week who believe the metal may have a lower correction. “I don't think we'll break too far out from $1,700 or $1,715,” Bank of Nova Scotia's head of Precious Metals Simon Weeks said. “There's good physical interest on the dips.” The U.... Read More

Mid-Day Gold & Silver Market Report – 10/29/2012

WHICH PRESIDENTIAL CANDIDATE IS BETTER FOR GOLD? Precious Metals have pulled back in morning trading as the U.S. dollar gained. Jeffrey Wright of Global Hunter Securities said, “The fundamentals of Gold never halt — even with a storm looming. The attention this week will be on the employment report on Friday as well as U.S. election next Tuesday. [A Mitt Romney victor... Read More

Morning Gold & Silver Market Report – 10/29/2012

UNITED STATES STOCK EXCHANGES CLOSE AHEAD OF SANDY The decision was made Sunday evening to close New York stock exchanges for both floor and electronic trades due to Hurricane Sandy. The so-called “monster storm” is predicted to hit New York later today. Following suit, the Nasdaq OMX Group Inc and the BATS also announced that option and stock tr... Read More

Gold & Silver Market Report – 10/26/2012

GOLD’S PRICE IS STEADY; SPAIN’S UNEMPLOYMENT RATE HITS 25 PERCENT Gold has remained flat for the day after data indicated an improved U.S. economy for the third quarter. Bloomberg conducted a survey of 26 analysts in which 14 of them expect the prices to increase next week; 9 are bullish for the yellow metal and 3 were neutral. “The whole economic si... Read More

Special Report: 5 Possible Outcomes of the U.S. “Fiscal Cliff”

While no one can predict which direction the economy and the investment markets will take as a result of the “fiscal cliff” facing the United States at the end of December 2012, MarketWatch.com has proposed 5 possible outcomes to consider. The United States “fiscal cliff” was a term coined by the press to describe the circumstances of multiple economic events set to occur at virtually the same time on December 31, 2012. These events include the expiration of the payroll tax cuts, t... Read More

Mid-Day Gold & Silver Market Report – 10/26/2012

REPORT: BERNANKE WON’T TAKE THIRD TERM Gold and Silver prices rebounded after early morning losses thanks to the U.S. GDP report, however prices are still set for a weekly loss. Jeffrey Sica of SICA Wealth, said, “I don’t believe Gold is able to rally off of that data for now. Gold is a momentum asset and its momentum is not there right now.” Sica was also asked about reports that Federal Reserve Chairma... Read More

Morning Gold & Silver Market Report – 10/26/2012

GDP REPORT BOOSTS DOLLAR; GREECE IN MORE TROUBLE Gold and Silver are trading flat as the U.S. dollar is being fueled by an improving GDP number released this morning. The U.S. economy grew 2.0 percent in the third quarter, thanks to improving home building and higher spending. This is the final report regarding economic growth before the presidential election next month, and was eagerly awaited by invest... Read More

Closing Gold & Silver Market Report – 10/25/2012

GOLD FINISHES UP; FUTURE INFLATION POSSIBLE U.S. stocks closed the day slightly higher on positive reports for the global economy. Gold closed up after finishing Wednesday on a seven-week low. It appears that investors had been wagering on a continued decline in the Precious Metal by selling to take advantage of higher prices. Recent news of the U.S. central bank’s reassura... Read More

Mid-Day Gold & Silver Market Report – 10/25/2012

GOLD UP ON FED ASSERTIONS OF MORE QE3; STOCK MARKET DOWN ON EARNINGS As Gold faltered yesterday and flirted with sub-$1,700 levels for the first time in almost two months, the Federal Reserve’s reiteration of further liberal monetary policy has boosted the Gold price today. Weak economic development and feeble jobs numbers continue to be the driving forces b... Read More

Morning Gold & Silver Market Report – 10/25/2012

FESTIVAL SEASON IN INDIA SPURS GOLD DEMAND Precious Metals prices are rising this morning thanks, in part, to a softer U.S. dollar. Playing a part in Gold’s price increase is physical demand in India, as festival season starts. Edel Tully of UBS AG said, “After India’s festival celebrations yesterday, physical buying is startin... Read More

Closing Gold & Silver Market Report – 10/24/2012

FED ANNOUNCEMENT: QE3 WILL CONTINUE U.S. stocks dropped to a seven-week low following the end of a two-day Federal Reserve meeting to discuss economic strategy going forward. Few are surprised to learn that plans for indefinite monetary easing and near-zero interest rates until 2015 remain unchanged. "At first glance I don't see any surpris... Read More

Mid-Day Gold & Silver Market Report – 10/24/2012

CHINA’S GOLDEN INSIGHT; U.S. GROWTH STILL SLOW Gold has stayed relatively flat in the market today. The lull may be short lived based on what the U.S. Federal Reserve does in its two day meeting this week. It doesn’t seem to matter to China what the market is doing in the short term because all year they have been on a Gold buying spree. They have purchased 512 tons of Gold in the first eight months of this year alone. Because of China’s large foreign exchange reserve, it ha... Read More

Morning Gold & Silver Market Report – 10/24/2012

GOLD FACES THE EUROZONE’S NEGATIVE NEWS The price of Gold has seemed to lose its momentum after the credit ratings of five Spanish regions were downgraded yesterday, which pushed the euro and Gold down. The U.S. dollar is stronger today after Germany's business sentiment dropped for the sixth consecutive month, reflecting a weaker economy. Jeremy East at Standard Chartered believes the yellow metal is be... 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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