Our Daily Gold & Silver
Market Reports

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

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

GOLD GAINS, STOCKS HOLDING STEADY Chinese export data and investor optimism about fourth quarter earnings helped push the S&P 500 (SPX) up 0.4 percent last week. This two week rally showed the highest trading levels since December 2007.  Fed Chairman Ben Bernanke is scheduled to speak today at 4 p.m. from Ann Arbor, Michigan.... Read More

Weekly Gold & Silver Market Recap – 1/11/2013

GOLD MOVES UP, DOWN, ENDS FLAT Gold started this week off flat after last week’s drop due to uncertainty in the market. The lower price did lead to more buying across the globe. It held flat Monday following last week’s pullback as speculators remain uncertain over the future of the Federal Reserve’s quantitative easing (QE) program. The Fed’s stimulus policy has be... Read More

Mid-Day Gold & Silver Market Report – 1/11/2013

GOLD CONFIDENCE MAY BE RETURNING; EQUITIES STILL HOT We made it through the first round of debt ceiling talks, and now earning season is upon us. Soon we will have a clearer landscape for how the rest of the quarter and the year should look. Chuck Butler, president of EverBank World Markets said, “Once the landscape for those things can be laid out, the market wi... Read More

Morning Gold & Silver Market Report – 1/11/2013

MARKET LOOKING FOR DIRECTION; TRADE DEFICIT AT WIDEST IN NINE MONTHS The Gold price has mostly recovered from early-morning losses, a day after a rally set off by data in China and a weaker U.S. dollar. Chuck Butler, president of EverBank World Markets, said, “Once the landscape for [the debt ceiling and the government budget] can be laid out, the mar... Read More

Closing Gold & Silver Market Report – 1/10/2013

GOLD RISES AS CONSUMER CONFIDENCE BRINGS DOWN DOLLAR Gold’s price received a boost today after the European Central Bank (ECB) indicated it would not cut interest rates in the near future. ECB President Mario Draghi has concluded the eurozone will continue to struggle with growth for the majority of 2013, and he suggested a slow recovery in the latter part of 2013. “Gold was oversold aft... Read More

Mid-Day Gold & Silver Market Report – 1/10/2013

GOLD MOUNTS MINOR RALLY ON STRENGTHENED EURO The dollar weakened versus the euro today driving the Gold price up more than one percent. Strong Chinese export data and news that the European Central Bank (ECB) has no immediate plans to extend near-term rate cuts were the main catalysts moving the Gold price. The “ECB and Bank of England left policy in pla... Read More

Morning Gold & Silver Market Report – 1/10/2013

STOCKS ON THE RISE; JOBLESS CLAIMS UP Stock market futures are looking bullish today due to positive trade data from China. Chinese export data surpassed analysts expectations rising 14.1 percent in December as compared to last year. Domestically, jobless claims rose last week by 4,000 to a seasonally adjusted 371,000. Claims for ... Read More

Closing Gold & Silver Market Report – 1/9/2013

GOLD WEAKENS MILDLY AS STOCKS RISE; EXPERTS QUESTION PROLONGED MARKET RALLY Gold is down slightly today following modest gains on Tuesday. Strong earnings for the New Year have increased investor appetite for higher risk assets. However, many will await Read More

Mid-Day Gold & Silver Market Report – 1/9/2013

GOLD PRICE ERASES GAINS DUE TO MONETARY EASING DISCUSSION After yesterday’s increase in the Gold price, the market has moved lower. The slip in prices is due to the growing uncertainty of the United States Federal Reserve’s plan regarding its monetary easing policy. According to James West, portfolio adviser to the Midas Letter Opport... Read More

Morning Gold & Silver Market Report – 1/8/2013

PHYSICAL DEMAND STRONG AHEAD OF CHINESE NEW YEAR Gold and Silver prices are flat this morning as U.S. stock futures point to an end to a two-day losing streak. Peter Cardillo of Rockwell Global Capital said, “I’m skittish here in the sense that we’re headed for a small pullback [in stocks]. Nothing serious, but again, the pullbac... Read More

Closing Gold & Silver Market Report – 1/8/2013

GOLD PRICE MOVES UP; MORE MONETARY EASING TALK After three consecutive days of losses, Gold has made a positive turn around. There has been a worldwide push for physical demand as of late, which is not unusual for this time of year. “Gold historically has shown a tendency for strong demand, and prices, in the second half of January. This can be la... Read More

Mid-Day Gold & Silver Market Report – 1/8/2013

GOLD PRICES LIFTED BY HIGHER DEMAND Gold prices are on the move after a report that Gold imports by China nearly doubled from October to November. “The move up today looks like it's just a reaction from some news that imports for China and Hong Kong doubled in November, so obviously China's still buying quite a bit of Gold even though th... Read More

Morning Gold & Silver Market Report – 1/8/2013

PHYSICAL DEMAND BOOSTS GOLD’S PRICE Precious Metals prices are rising this morning, thanks to a rise in physical demand due to the recent falling prices. Deutsche Bank analyst Daniel Brebner said, “We’re not out of the woods yet, and there is still much that the world economy needs in terms of support from monetary policy. The whole debt situation remains a major challenge, and accommodative monetary po... Read More

Closing Gold & Silver Market Report – 1/7/2013

MARKET HESITANT FROM FED MINUTES; IS EUROPE’S FINANCIAL CONDITION OUT OF CONTROL? Precious Metals prices remain stable as the market remains unsure on the Federal Reserve’s future plans with quantitative easing programs. “Any time there is any concern about Fed tightening, those nervous Gold investors leave the market very quickly,” James Dailey, portfolio manager of TEAM Financial Asset Manageme... 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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