Our Daily Gold & Silver
Market Reports

Mid-Day Gold & Silver Market Report – 10/5/2012

JOBS REPORT NOT EXPECTED TO HINDER GOLD PROGRESS Friday’s report showing a drop in last month’s unemployment rate has boosted stocks and pulled down Precious Metals prices. The jobs data represents the first time in 44 months that unemployment has been below 8 percent. However, Jan Hatzius, Goldman Sachs’ chief U.S. economist, believes the addition of 114,000 new jobs in the month of September is still uninspiring... Read More

Morning Gold & Silver Market Report – 10/5/2012

METALS FALL AS UNEMPLOYMENT RATE UNEXPECTEDLY DROPS Precious Metals added to early losses after the release of the Labor Department’s nonfarm payrolls report. The addition of jobs in September was disappointing, but the unemployment rate fell by 0.3 percent to 7.8 percent, which is the lowest level since January 2009. Since the ne... Read More

Closing Gold & Silver Market Report – 10/4/2012

GOLD RISES AFTER NEWS OF EUROPEAN DEDICATION TO MONETARY EASING Gold and the other Precious Metals ended the day up significantly as European Central Bank President Mario Draghi assured the public that the bond-buying initiative for the eurozone is helping ease financial anxiety. Europe’s plan for quantitative easing (QE) is set to continue f... Read More

Mid-Day Gold & Silver Market Report – 10/4/2012

GOLD EYES $1,800 PRIZE; FACTORIES FEEL GLOBAL SLOWDOWN The commitment by the European Central Bank to keep interest rates low, as well as widespread support for the euro, have Gold reaching for the prized $1,800 mark. “The question is of when rather than if we break out,” said Simon Weeks, ScotiaMocatta’s director of Precious Metals sales.”We've made about three highs in the low $1,790s. It needs to close above this resistance in the low to mid 90s, if we close abo... Read More

Morning Gold & Silver Market Report – 10/4/2012

EURO TROUBLES, “FINANCIAL ARMAGEDDON” SUPPORT GOLD Precious Metals are continuing their climb this morning, with Silver reclaiming $35 per ounce and Gold topping $1,790. An early boost came with news that the European Central Bank would hold steady on interest rates again, at 0.75 percent, with a zero percent interest rate on its deposit facility. ECB President Mario Draghi said at his monthly press conf... Read More

Closing Gold & Silver Market Report - 10/3/2012

INVESTORS SEEK SAFE HAVEN; GREECE’S DEBT-TO-GDP TO RISE TO 179.3% Historically, Gold has been known to hold its value and is seen as a store of wealth. The view has not changed as central banks and individuals worldwide are investing in Gold to protect themselves for the unforeseen future. The Federal Reserve, European Central Bank and the Bank of Japan have decided to provide further stimulus measures to assist their economies with growth, but this has only pushed... Read More

Mid-Day Gold & Silver Market Report – 10/3/2012

GOLD AND THE DEBATE; GLOBAL ECONOMY CONTINUES SKID The Gold price has moved up today as the United States looks ahead to tonight’s first presidential debate of the election year. This election could shape the outlook of the U.S. economy for years to come. One person in particular, Federal Reserve Chairman B... Read More

Morning Gold & Silver Market Report – 10/3/2012

GOLD NEAR 11 MONTH HIGH AFTER REPORTS The Gold price is nearing an 11 month high this morning, supported by an overall lackluster feeling from investors regarding the global economy. Gains increased after the release of the ADP jobs report, which, including reductions in previous months’ estimates, showed a net increase of... Read More

Closing Gold & Silver Market Report – 10/2/2012

GOLD ENDS LOWER; AMERICAN DEBT IN THE SPOTLIGHT Today saw the price of Gold drop from the seven month high that the Precious Metal hit yesterday. However, it may be just a temporary low based on the actions of central banks around the world. Many analysts believe the monetary easing that gave Gold a b... Read More

Mid-Day Gold & Silver Market Report – 10/2/2012

MARKET DOWN ON NEWS FROM SPAIN AND UPCOMING EARNINGS REPORTS The Dow Jones Industrial Average and S&P 500 are down slightly this morning as all eyes remained fixed on Spain. Spanish Prime Minister Mariano Rajoy stated today that a call for bailout funds is not imminent. News of the delay came after the close of European market... Read More

Morning Gold & Silver Market Report – 10/2/2012

DEUTSCHE BANK EXPECTS MORE GLOBAL EASING Gold prices were down slightly during Tuesday’s European trading hours. Analysts at Deutsche Bank said they expect further global monetary easing. With the timing and size of future policy action, they believe Gold prices will likely exceed $2,000 an ounce in the first half of 2013. Credit Suisse upgraded their ... Read More

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

IS THE ECONOMY REALLY IN “PRETTY GOOD SHAPE?” Precious Metals prices fell in afternoon trading, though the prices are still being supported by easing monetary policy and lingering eurozone troubles. Silver, Platinum, and Palladium were boosted by positive manufacturing data due to their industrial uses. Chicago Fed President Charles Evans “was extremely ... Read More

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

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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