Our Daily Gold & Silver
Market Reports

Mid-Day Gold & Silver Market Report - 10/1/2012

FEDERAL RESERVE STRIVES TO CREATE GROWTH FOR U.S. ECONOMY Gold rallied this morning with what was reported as a rush of hedge fund buying for the beginning of a new quarter. A number of events this week could affect the price of Gold, but there are two main focal points: An updated United States unemployment report and a European Central Bank policy meeting. “To keep it simple, bad news, of which there is a lot in the euro ... Read More

Morning Gold & Silver Market Report – 10/1/2012

SILVER CROSSES $35; GOLD PRICE CLIMBS ABOVE $1790 Gold and Silver prices opened lower in early morning trading, but prices moved up rapidly as the opening bell neared. Eurozone manufacturing data that came out this morning confirms the worst performance since the Great Recession. Despite widespread cost cutting to make products more attractive, consumer demand continues to drop. Some analysts speculate that proble... Read More

Closing Gold & Silver Market Report – 9/28/2012

SPANISH BANKS PASS STRESS TEST; QE3 TO PUSH GOLD TO NEW HIGHS Gold and Silver prices turned lower in afternoon trading after stress tests on banks in Spain. Many traders are waiting to see if credit rating agency Moody’s Investors Service downgrades Spain’s sovereign debt rating. Gold has largely followed the euro recently, and David Song of Da... Read More

Mid-Day Gold & Silver Market Report – 9/28/2012

GOLD ON PACE FOR LARGEST QUARTERLY GAIN IN MORE THAN TWO YEARS Stocks dropped today as reports reveal a reduction in industrial activity in the Chicago area. The data from Chicago, the United States’ third largest metropolitan area, comes just weeks after similar news of a contraction in manufacturing output in New York. “What we’re seeing here,... Read More

Morning Gold & Silver Market Report – 9/28/2012

MONEY PRINTING LEADS TO GOLD BEING A FOURTH QUARTER WINNER Gold and Silver prices are recovering from early morning losses after the release of economic data in the U.S. Consumer spending in the country rose more than it has in the past six months, up 0.5 percent last month. However, personal income and the U.S. savings rate both disappointed. This is som... Read More

Closing Gold & Silver Market Report - 9/27/2012

GOLD ADVANCES; CHINA’S ECONOMY RAISES CONCERNS IN MARKET Gold began to soar this morning, holding steady this afternoon with anticipation that China will provide further stimulus to boost its economy and as Spain experiences difficulties with its new austerity measures. Oliver Pursche at GMG Defensive Beta Fund said, "I think it's a combination of furt... Read More

Mid-Day Gold & Silver Market Report – 09/27/2012

GOLD CONTINUES BOUNCE BACK Gold is continuing its bounce off yesterday’s two week low, which saw some investors taking profits in light of growing worries over the eurozone debt crisis. The European markets have recovered some ground after protests in Spain and Greece over proposed austerity measures and uncertainty over if and when Spain will officially request aid. "Short term, I think we'll see more ... Read More

Morning Gold & Silver Market Report – 9/27/2012

SAFE-HAVEN APPEAL BOOSTS GOLD PRICE Precious Metals prices are rebounding from two-week lows this morning, with Gold especially buoyed by its safe-haven appeal. While the problems in Europe seem to be increasing, putting further pressure on the euro, investors are looking for that safe haven to protect their investments. Mining strikes... Read More

Closing Gold & Silver Market Report - 9/26/2012

PRECIOUS METALS PRICES REMAIN INTACT WITH TODAY’S TRENDS  Precious Metals prices have held their ground in a battle with a stronger U.S. dollar and a weaker euro today. The day began with violent protests in Madrid and Athens over undesirable austerity measures, all while the European financial crisis continues. This action pushed the euro and Gold down, which gave the U.S. dollar a hefty boost. Ole Hansen at Saxo Bank explains why the price adjustment for Gold was ess... Read More

Mid-Day Gold & Silver Market Report – 9/26/2012

GOLD PRICES DIP; GERMANY FALLS IN LINE WITH REFORM MEASURES Gold prices have gone lower today, but many believe it is a temporary action. "After rapidly rising between mid-August and mid-September, Gold has since been consolidating," BNP Paribas analyst Anne-Laure Tremblay said. "Short term, we could see a limited correction before the price resumes its ascent. The U.S. dollar has been strengthening of late, particularly against the euro. This is likely weighi... Read More

Morning Gold & Silver Market Report – 9/26/2012

GREECE & SPAIN HURT EURO, DRIVE DOWN METALS PRICES Precious Metals are trading lower this morning as central bank buying wasn’t enough to keep prices in positive territory. Renewed concerns out of Greece and Spain have driven the euro downward and strengthened the dollar. However, analysts at Commerzbank noted, “Central banks are likely ... Read More

Closing Gold & Silver Market Report – 9/25/2012

GOLD STAYS STEADY; U.S.A. FISCAL CLIFF INCHES CLOSER Today’s Gold prices remained relatively flat for the majority of the day. The main reason for the calm is quite simple; there has been a lack of financial news to push the market in either direction. One piece of news that has been gaining attention is the amount of Gold that countries have been adding to their central banking systems. South Korea and Paraguay lea... Read More

Mid-Day Gold & Silver Market Report – 09/25/2012

GOLD’S BULLISH SIGNALS; WILL QE3 BE WORTH IT? Gold continues to hold steady through midday trading. While weaker German business data weakened the euro and pushed up the U.S. dollar, expectations of central bank monetary stimulus and central bank buying appear to be providing bullish signals for Gold. "We still prefer to be buying Gold on dips and believe Read More

Morning Gold & Silver Market Report – 9/25/2012

HOUSING AND CONSUMER CONFIDENCE REPORTS DUE Stocks are holding their own Tuesday morning as investors are waiting for housing and consumer confidence data. At 10 a.m. (EDT), the July home-price index and the September consumer-confidence index will be released. Christian Tegllund Blaagjerg, Chief economist at FIH Erhvervsbank, said,... Read More

Closing Gold & Silver Market Report - 9/24/2012

GOLD PRICE LOOKING FOR INSPIRATION Gold is attempting to hold its price as investors have begun to take profits today. Natixis Bank believes QE3 was a major contributor to Gold’s rising price and they think more positive contributors will come for the metal. Natixis Bank said, "The market will instead turn to the question of the imminent U.S. "fis... Read More

Mid-Day Gold & Silver Market Report – 9/24/2012

EUROZONE NOT IN AGREEMENT; STOCKS AND METALS PRICES FALL The latest news concerning Europe’s struggle to see eye to eye on correcting the region’s debt crisis has caused U.S. stocks to fall today. The turmoil between eurozone leaders and reports that indicate a slowdown in the Chinese and German economies have extended Read More

Morning Gold & Silver Market Report – 9/24/2012

GOLD & SILVER PRICES FALL IN EARLY MORNING TRADING Increased fears about the slowing U.S. and European economies have driven up the U.S. dollar while driving down Gold and other commodities across the globe. Gold and Silver prices are currently up over their morning lows. Most likely, this downward movement is a correction in the value of the euro versus the U.S. d... Read More

Closing Gold & Silver Market Report – 9/21/2012

GOLD GAINING MOMENTUM Precious Metals prices have ticked downward in afternoon trading, echoing the end of the week for stocks. Art Hogan of Lazard Capital Markets said of the stock market, “After having two explosive weeks to the upside, where the S&P 500 was up 3.5 percent, it’s a huge victory to come out... Read More

Mid-Day Gold & Silver Market Report – 9/21/2012

SPAIN SEEKING REFORM; EXPERTS TOUT GOLD U.S. stocks rose today due in part to reports that Spanish Economy Minister Luis de Guindos is finally seeking bailout arrangements from the European Central Bank (ECB). Spain will have to agree to conditions set forth by the ECB in order to receive a portion of the $130 billion that has been allocated in ... Read More

Morning Gold & Silver Market Report – 9/21/2012

GOLD MOVES UP; TALK OF MORE STIMULUS FORTHCOMING Gold is continuing to rise following the abundance of economic stimulus in the global economy. Many central banks around the world have implemented plans to ease financial issues, including the United States, Europe and Japan. These moves have had a positive impact on Gold’s pricing and they could become a growing trend. “With the open-ended scheme to pri... Read More

Closing Gold & Silver Market Report – 09/20/2012

GOLD RESISTS PRESSURE; U.S. ECONOMY IN SLOW GROWTH Gold held its position well today despite a strong movement in the dollar and weaker U.S. equities. Also, China reported low manufacturing activity, which pushed European stocks down... 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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