Our Daily Gold & Silver
Market Reports

Morning Gold & Silver Market Report – 1/4/2013

METALS DROPPING AFTER JOBS REPORT Precious Metals prices are tumbling in early morning trading as they react to minutes from the latest Federal Reserve meeting which suggested that quantitative easing could be coming to an end soon. Stan Shamu of IG Markets said, “Gold had been one of the biggest beneficiaries of the Fed’s easing pr... Read More

Closing Gold & Silver Market Report – 1/3/2013

POSITIVE ECONOMIC NEWS PUSHES U.S. DOLLAR UP The much anticipated fiscal cliff has come and gone with a surprisingly positive outcome. Politicians were able to reach an agreement at the last minute with a deal being passed late Tuesday night. The market reacted yesterday with commodity prices rising and the U.S. dollar dropping compared to other major currencies. Today Precious Metals prices are down as the U.S. dollar has strengthened after U.S. jobless claims rose to a fi... Read More

Mid-Day Gold & Silver Market Report – 1/3/2013

GOLD, STOCK MARKETS SETTLE FOLLOWING WEDNESDAY’S STRONG ADVANCE Gold stumbled from its two-week high today as the market rallied following a solution to the tax portion of the fiscal cliff. With U.S. fiscal negotiations at least temporarily out of the spotlight, alternate economic factors will come in to focus. Since the economic downturn in the fall of 2008, the Go... Read More

Morning Gold & Silver Market Report – 1/3/2013

STOCKS TAKE BREATHER AFTER NEW YEAR RALLY The first trading day of 2013 saw the U.S. stock exchange alive with activity posting its biggest ever first session of the year. This is being credited to Congress and President Obama coming to an agreement on the tax portion of the budget crisis. This morning, however, in a post recov... Read More

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

FULL FISCAL CLIFF EFFECTS AVOIDED, BOOSTING GOLD AND EQUITIES Markets rallied today after lawmakers secured a last-minute solution to evade the potentially crippling tax hikes and budget cuts projected to drag the U.S. economy into another recession. Precious Metals prices rose substantially after news of a resolution, causing Gold in particular to reach its highest... Read More

Mid-Day Gold & Silver Market Report – 1/2/2013

PRECIOUS METALS RECEIVE A BOOST Precious Metals prices saw a boost as U.S. lawmakers passed legislation to avoid the fiscal cliff. “Markets reacted positively to news that a deal of sorts has been reached,” TD Securities Inc. Vice President Steve Scacalossi said in an email. “The drop in the dollar is also providing a boo... Read More

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

NEXT RUN-IN WITH DEBT CEILING IS NEXT MONTH Lawmakers passed a bill to extend tax cuts and temporarily raise the debt ceiling late last night, and U.S. stock futures and Precious Metals are enjoying a boost from this decision. However, the U.S. economy isn’t quite out of the woods yet. Fawad Razaqzada of GFT Markets said, “The focu... Read More

Closing Gold & Silver Market Report – 12/31/2012

U.S. FALLS OFF CLIFF AT MIDNIGHT WITH NO HOUSE VOTE This year marks the 12th in a row that the Gold market has improved on the year, which is the longest upward trend in Gold since the 1920s. Experts point to the continuing economic stimulus by the world’s largest economies as the main reason for the climb. Europe, China and the United St... Read More

Mid-Day Gold & Silver Market Report – 12/31/2012

GOLD SEES 12TH YEAR OF GAINS; OPTIMISTIC FISCAL TALKS Safe haven buying has pushed Gold up today, as we are mere hours away from the edge of the fiscal cliff. The metal is set to end the year up about 6 percent, racking up a 12th conse... Read More

Morning Gold & Silver Market Report – 12/31/2012

FIFTEEN HOURS TO GO, CLIFF DEAL DOMINATES THE MARKETS U.S. stock futures started with some positive momentum as investors look for the silver lining of a potential fiscal cliff deal. Congress and President Barack Obama have just under 15 hours to avert what amounts to $600 billion in tax increases for nearly every American worker, as well as automatic budget cuts. The senate convenes at 11 a.m. (EST) to begin talks after failing to come to a final agreement Sunday ... Read More

Weekly Gold & Silver Market Recap – 12/28/2012

GOLD FLAT IN HOLIDAY SHORTENED WEEK This week has brought very little movement in the Precious Metal markets due to holiday market closures. On the days the markets were trading there was little to no movement to speak of. On Wednesday there was a small rise in value thanks to the news out of Japan. “News about Japan planning to announce... Read More

Mid-Day Gold & Silver Market Report – 12/28/2012

STOCKS LOWER AS FISCAL CLIFF SEEMS MORE LIKELY U.S. stocks continued their declines into the fifth day of trading on worries that politicians would not be able to find agreement on the fiscal cliff budget impasse before the end of the year. Chip Cobb, portfolio manager at BMT Asset Management, said “There might be some last-minute Hail Mary resolution, or... Read More

Morning Gold & Silver Market Report – 12/28/2012

GOLD’S SAFE HAVEN STATUS TO RE-EMERGE IF NO ‘CLIFF’ DEAL Precious Metals prices are trading lower this morning, though Gold is headed for a weekly gain to end the year. The safe-haven appeal of Gold could be boosted if U.S. policymakers fail to agree on a deal to avert the fiscal cliff before the end of the year. Peter Fertig of Quantitative Commodity Research said, “Now it is looking like the U.S. econ... Read More

Closing Gold & Silver Market Report – 12/27/2012

CONSUMER CONFIDENCE DOWN; MARKETS HINGE ON POLITICIANS’ WORDS Consumer confidence is at a four month low, presumably because of the financial crisis. Prior to the release of the consumer data, there was a growing sense of optimism about the economy. Economists at RBS in Stamford, Conn. wrote in a research note what has been on everyone’s mind recently Read More

Mid-Day Gold & Silver Market Report – 12/27/2012

GOLD STILL FLAT AS EQUITIES DECLINE ON IMPASSE IN BUDGET TALKS Gold remains relatively flat today even though the release of more positive jobs data could be a sign of increased employer hiring. The Gold price is maintaining a tight range as investors await a solution to U.S. budget negotiations. As more positive economic data is released, there is fear that the nee... Read More

U.S. Reaches Debt Ceiling, Compounds Fiscal Cliff and Market Tensions

In an early and perhaps surprising notice, Treasury Secretary Timothy Geithner notified the U.S. Congress on Wednesday, Dec. 26, 2012, that the United States would reach the authorized debt limit on Monday, December 31, 2012. (Here is an article on the notice sent to Congress and here is an article on the potential... Read More

Morning Gold & Silver Market Report – 12/27/2012

U.S. TO HIT DEBT CEILING MONDAY, IS THIS THE REAL ISSUE? Gold and Silver prices are mostly flat this morning as investors continue to await news on the fiscal cliff negotiations in Washington. While the politicians seem to be showing no sense of urgency on the matter, many still expect a deal by the end of the year, or very shortly after. Afshin Nabavi of MKS Finance said, “If the politicians reach an agreement on the fiscal cliff, the dollar could suffer and Read More

Closing Gold & Silver Market Report – 12/20/2012

PRECIOUS METALS HOLD FIRM, STOCKS FALL AS BUDGET DEADLINE APPROACHES Precious Metals prices are up slightly today following a small dip in the U.S. dollar. Anthem Blanchard of Blanchard Vault noted, “You’re seeing Gold follow weakness in the dollar mostly, and [the market] feeling a little bit of too much selling that’s happened prior in terms of concerns about... Read More

Mid-Day Gold & Silver Market Report – 12/26/2012

GOLD RELATIVELY FLAT AFTER HOLIDAY; FISCAL CLIFF FEARS ABOUND The Gold market has been rather quiet so far today. There seems to be a post holiday lull in the United States, and in the United Kingdom the markets are off today as well. Gold has seen a small rise in value today thanks to the news out of Japan. “News about Japan planning to... Read More

Morning Gold & Silver Market Report – 12/26/2012

RETAIL SALES LOW; FISCAL CLIFF DEADLINE APPROACHES President Obama cut his Hawaii vacation short to return to Washington to deal with the unfinished fiscal cliff negotiations. There is a Jan. 1 deadline, after which, if not met, most Americans will feel a sharp rise in taxes. Both parties are eager to pass a measure to keep taxes low, but the sticking point is... Read More

Mid-Day Gold & Silver Market Report – 12/24/2012

GOLD FLAT ON THIN TRADING; FISCAL CLIFF SEEMS MORE LIKELY Gold remains relatively stable today following Friday’s one percent boost on short covering and buy-ins at what were perceived to be discount prices. As expected, a ... Read More

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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