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Market Reports

Closing Gold & Silver Market Report – 11/20/2012

GOLD DOWN ON RESERVE REPORT; EUROPE LOOKS TO CUT DEBT After Federal Reserve Chairman Ben Bernanke spoke today, the Gold price stuck to its trend of reacting to his speech. This time around, the movement was downward. The main speaking points regarded the fiscal cliff and the debt ceiling. With nothing new being said, there was no reason for much movement in the Precious Metal markets. Bernanke said that the current quantitative easing program will be ongoing until ... Read More

Mid-Day Gold & Silver Market Report – 11/20/2012

GOLD DROPS SLIGHTLY; BEN BERNANKE TO ADDRESS CONGRESS TODAY Gold's gains from yesterday are slowly being wiped away as today’s report of improved U.S. housing data pushed the dollar up. The value of Gold is likely to be determined by how the fiscal cliff and the eurozone financial crisis are both handled in the near future. The newest factor to affect the yellow metal’s price is the conflict betwee... Read More

Morning Gold & Silver Market Report – 11/20/2012

PRECIOUS METALS FLAT; FOCUS ON MIDDLE EAST, FISCAL CLIFF Precious Metals prices are flat this morning, echoing trends seen with the U.S. dollar. Yesterday, that trend saw Gold rally approximately $20 per ounce as the dollar was sent lower by hopes that leadership in the U.S. will be able to get a fiscal cliff deal in place before the end of the year. ... Read More

Closing Gold & Silver Market Report – 11/19/2012

GOLD FINDS SUPPORT IN 2013; WILL FISCAL CLIFF CAUSE U.S. RECESSION? “Alternative currency” is the word chosen by ScotiaMocatta to describe Gold in their Precious Metals 2013 Forecast for the yellow metal. The ScotiaMocatta is very bullish for Gold in 2013, estimating support on the low end at $1,600 an ounce with the potential for the metal to reach as high as $... Read More

Mid-Day Gold & Silver Market Report – 11/19/2012

FISCAL CLIFF OPTIMISM BOOSTS MARKETS Gold has rallied today to recuperate from losses realized last week. Geopolitical tension in the Middle East and reports from Washington concerning end-of-year budget talks continue to be the main market movers as both U.S. stocks and Precious Metals are up at mid-day. Christin Tuxen, analyst at Danske Bank, weighed in regarding ... Read More

Morning Gold & Silver Market Report – 11/19/2012

TRADERS BULLISH ON U.S. BUDGET Congressional leaders and President Barack Obama have publicly sated their optimism for a deal on the nation’s financial situation after only a few hours of talks last week before the president left for a three nation tour. The president reiterated his views Sunday in Bangkok where he said, “I am confiden... Read More

Weekly Gold and Silver Market Recap for Nov 16, 2012

GOLD PREPARES FOR FISCAL CLIFF As the week comes to an end, the news surrounding the United States’ fiscal cliff is the main topic of conversation. The question remains what, if anything, will be done to avoid this possible recession making event. “What people don’t like in markets is uncertainty,” said Gilles Sitbon at Sycomore Asset Management in Paris. “People are waiting for one thing that could make the market go down. People are ready to pull the trigger. And if nothin... Read More

Mid-Day Gold & Silver Market Report – 11/16/2012

TALKS BEGIN WITH A POSITIVE TONE It is still too early to tell, but top congressional Democrats and Republicans both said that Friday’s meeting with the president was constructive. U.S. stocks rallied back from early losses as leaders stood side by side making statements. Republican leaders said they were willing to put revenue on the table to get a deal as the president has insisted that taxes on the wealthy must be included in the final deal. On the other side of... Read More

Morning Gold & Silver Market Report – 11/16/2012

EUROZONE IN RECESSION; FISCAL CLIFF TALKS START TODAY Thursday’s European market activity ended showing the eurozone had slipped back into recession for the third quarter, which is likely to continue into the current quarter. The eurozone economy as a whole contracted 0.1 percent in the third quarter. This is on the heels of a 0.2 percent contraction from the second quarter. This news is troubling for th... Read More

Closing Gold & Silver Market Report – 11/15/2012

FACTORS INFLUENCING GOLD PRICES The global economic condition has become a great concern for the financial market recently. The European financial crisis has been prolonged, and containing the predicament from spreading to other countries is a difficult task. Today, U.S. weekly jobless claims climbed to 439,000, which analysts say was a result of Hurricane Sandy. Another obstacle the Gold price is facing is a slowdown in demand from China, the world’s second-largest consumer... Read More

Mid-Day Gold & Silver Market Report – 11/15/2012

GOLD FOLLOWS STOCK MARKET DOWN ON PERPETUAL ECONOMIC CONCERNS Pervasive concern over Europe’s debt crisis and U.S. budget troubles have pushed equity markets lower for the seventh day, dragging down Precious Metals prices as well. “The fall to session lows in Gold is driven by equities,” Peter Fertig, a consultant with Quantitative Commodity Research, said. Historic... Read More

Morning Gold & Silver Market Report – 11/15/2012

JOBLESS CLAIMS AT HIGHEST LEVEL IN 18 MONTHS Precious Metals and U.S. stock futures are trading lower across the board as the jobless claims report showed a jump to levels not seen in 18 months. Hurricane Sandy is being blamed for the jump in claims. The unemployment rate also rose slightly to 7.9 percent. The next big report on investors’ minds is the second estimate for third-quarter growth, to be rele... Read More

Closing Gold & Silver Market Report – 11/14/2012

MARKETS DOWN ON DOMESTIC, GLOBAL CONCERNS The Dow Jones Industrial Average and S&P 500 continue their downward slide as concerns over the impending “fiscal cliff” punish the stock market. “The fiscal cliff jars the economy at a time when it does not need to be disturbed too much, it's the last thing people want,” Jim Russell, chief equity strategist for U.S. Bank Wealth Management, said. The Read More

Mid-Day Gold & Silver Market Report – 11/14/2012

GOLD MOVES UP; EUROPE GRINDS TO A HALT Gold prices are moving up at the halfway point of the week. The main release today is the minutes from the recent U.S. Federal Reserve meeting. Most experts believe there will be no groundbreaking information from the meeting, just more of the same actions. The government’s looming budget talks have dominated the hea... Read More

Special Report: Fiscal Cliff is Only 1 of “4 Horsemen of the Economic Apocalypse” for 2013

The “Fiscal Cliff” is approaching on December 31, 2012, and by many reports, the issues may stretch into 2013 for months. However, according to an article published online by MarketWatch.com, a part of the Wall Street Journal Digital Network, the Fiscal Cliff is only 1 of the 4 Horsemen of the Economic Apocalypse facing the United States in 2013 and beyond. (Click here to ... Read More

Morning Gold & Silver Market Report – 11/14/2012

GOLD PULLED ON BOTH SIDES; EUROZONE DISAPPOINTS AGAIN U.S. stock futures are trading higher this morning, while the Gold price is relatively flat again. The yellow metal’s price continues to be pulled in different directions due to the looming fiscal cliff dilemma. On one hand, investors see Gold as a safe haven, and the uncertainty facing the U.S. in the coming months has those investors concerned. On the other hand, there could be a “ Read More

Closing Gold & Silver Market Report – 11/13/2012

GOLD SEES BOOST; U.S. CONGRESS BACK IN SESSION While the stock market has been falling in fear of the fiscal cliff looming over the United States economy, Gold has moved in a more positive direction, seeing more than a three percent boost over the past week. “I think many people feel that the can will continue to get kicked down the road. The outcome of the election seems to show there ... Read More

Mid-Day Gold & Silver Market Report – 11/13/2012

PLATINUM PRICES JUMP WITH PRODUCTION DEFICIT ANNOUNCEMENT Platinum and Palladium prices are on the rise following a shocking announcement made by Johnson Matthey. Its ‘Platinum 2012, Interim Review’ reveals that global Platinum production is estimated to fall 10 percent for the year, which sets the market for a deficit of the metal rathe... Read More

Morning Gold & Silver Market Report – 11/13/2012

FISCAL CLIFF SCENARIO IS “A DISASTER” Gold and Silver are mostly flat this morning as U.S. stock futures fell. Eurozone leaders did not approve the release of another round of aid to Greece, and the fiscal cliff still looms over the economic horizon in the U.S. at the end of the year. Economists have predicted that if a fiscal cliff deal does not happen before the end of the year, it could Read More

Closing Gold & Silver Market Report – 11/12/2012

FISCAL CLIFF COULD FINALLY PUSH GOLD OVER $1,800 The Precious Metals market is experiencing little movement today due to the holiday. Analysts foresee Gold being supported at the $1,800 level with the fiscal cliff approaching in the next two months. “There is potential for further upside in Gold prices, but it crucially depends on how Wall Street will react,” Peter Fertig, a Quantitative Commodity Research consultant, said. “If economic data in coming weeks comes i... Read More

Mid-Day Gold & Silver Market Report – 11/12/2012

GOLD TRADING TIGHTLY; STOCKS DOWN AGAIN ON GREEK UNCERTAINTY Gold has given up early gains today as the price continues to hover around $1,730 on news of considerable demand for the metal in India and reports of a drop in Japanese gross domestic product (GDP). Japan’s GDP fell 0.9 percent in the third quarter, standing as a stron... 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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