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Mid-Day Gold & Silver Market Report – 3/14/2012

PRECIOUS METALS TUMBLE; ECONOMY IMPROVING? Precious metals prices have reacted to Tuesday’s meeting of the Federal Open Market Committee (FOMC). Late Tuesday afternoon, prices began to drop. Prices leveled a bit this morning but have started falling over the course of this morning. Saxo Bank’s Ole Hansen said, “We saw the 10-year (U.S.) government bond yield breaking out of the holding pattern it’s been trading in for the last five or six months. That’s one of the... Read More

Morning Gold & Silver Market Report – 3/14/2012

GOLD, SILVER DIP ON ECONOMIC OPTIMISM   Gold and Silver prices were plunging as a result of new optimism for the economic recovery in the U.S. and around the world. Tuesday, Federal Reserve Chairman Ben Bernanke diminished the likelihood of QE3. Bernanke continued his position that the economy was recovering, although slower than many might like, but still quickly enough not to require further... Read More

Closing Gold & Silver Market Report – 3/13/2012

GOLD DROPS BELOW $1,700 PER OUNCE; NO QE3 SIGNS FROM FED   After today’s Federal Reserve meeting today came and went without any hints of future quantitative easing, the price of Gold declined significantly in afternoon trading, ending the day below $1,700 per ounce. Gold historically moves opposite the U.S. dollar, and with the dollar up after today’s ... Read More

Mid-Day Gold & Silver Market Report – 3/13/2012

PLATINUM OVERTAKES GOLD; STRONGER DOLLAR ANTICIPATED   Platinum appears to be leading the midday charge, as its price climbed above the Gold price for the first time in six months. Platinum’s price increase has been propelled by supply and production issues in South Africa. Nic Brown at Natixis said, “We have been ragingly bullish on Platinum this year. We perhaps got in a tiny bit too early, ... Read More

Morning Gold & Silver Market Report – 3/13/2012

GOLD WAITING ON FED CHAIRMAN’S WORDS; SPAIN’S PROBLEMS WORSE THAN GREECE’S   Gold has seen mixed trading overnight and was sitting lower than yesterday’s closing price this morning. The Federal Open Market Committee (FOMC) meeting later today isn’t expected to produce any substantial news. The likelihood of further monetary easing by the Federal Reserve has taken a hit with the best six-month period of job gains in nearly six years. Nic Brown of Natixis ... Read More

Closing Gold & Silver Market Report – 3/12/2012

MARKETS SLIP ON CHINESE DEFICIT NEWS; THIRD GREEK BAILOUT HINTED Precious metals prices have generally held steady since the Mid-Day Gold & Silver Market Report, with Gold, Silver, and Platinum experiencing slight gains since noon. Only Palladium dipped further in afternoon trading. Prices for precious metals and stocks were down today in response to data... Read More

Mid-Day Gold & Silver Market Report – 3/12/2012

FED TO MEET TUESDAY; PORTUGAL NEXT IN DEBT-RELIEF LINE?   Precious metals prices have remained relatively steady through morning trading, thanks to a fairly slow news day. But there remains an undercurrent of uncertainty affecting markets. The planned Federal Reserve meeting Tuesday is expected to be low key, and the Greek debt deal is proceeding in an orderly fashion. Low interest rates are viewed as a boost for Gold. Analyst Walter de Wet said, “We hav... Read More

Morning Gold & Silver Market Report – 3/12/2012

ANY EURO REBOUND LIKELY GOOD FOR GOLD   The world’s largest banks are looking more favorably at the euro, as they see the European Central Bank (ECB) providing unlimited cash to the European financial system. Bloomberg news surveyed more than 50 strategists and reported that their median estimate predicts a stronger... Read More

Closing Gold & Silver Market Report – 3/9/2012

GREEK DEAL HAS SKEPTICS; JOBS REPORT BOOSTS MARKETS   The Gold price has continued to climb since the Mid-Day Gold & Silver Market Report. News that more than 80 percent of Greece’s private bondholders have accepted the debt swap deal has pushed the precious metal’s price upward and possibly cleared the way for a new bailout. Although ... Read More

Mid-Day Gold & Silver Market Report – 3/9/2012

CHINA’S GROWTH SLOWS; GREECE TO REQUIRE THIRD BAILOUT? Gold has reversed course during midday trading, moving off the lows triggered by the better-than-expected U.S. jobs report. The domino effect of events starts with that report. More jobs gives speculators the sense that there will be higher demand for oil, which caused the pr... Read More

Morning Gold & Silver Market Report – 3/9/2012

GOLD, SILVER PRICES FALLING AFTER JOBS REPORT      This morning’s jobs report came in slightly better than expectations, driving down precious metals prices. Economist had projected a net of 210,000 new jobs, and the number reported was 227,000. This was not enough to move the jobless rate off 8.3 percent, but the report still points to a slow recovery. The warming trend we experienc... Read More

Closing Gold & Silver Market Report – 3/8/2012

GREEK BONDHOLDERS ON BOARD; MARKETS RALLY ON NEWS   Prices for precious metals continued to climb today. The growing optimism over Greece completing its debt-swap deal with private bondholders has helped strengthen the euro. Gold and the euro historically have had a positive correlation to one another, and the recent rise an... Read More

Mid-Day Gold & Silver Market Report - 3/8/2012

INVESTORS STEER TOWARD GOLD; OUTLOOK FOR GREEK DEAL ENCOURAGING   Precious metals prices are up following morning trends. For the past two days, the U.S. dollar’s strength has decreased compared to the euro, which has pushed Gold up. Investors seem to be feeling more comfortable with the yellow metal versus green paper. Greece is working constructively on its debt bond swap, and it appears the deal may reach a successful closure by today’s deadline... Read More

Morning Gold & Silver Market Report – 3/8/2012

JOBLESS CLAIMS REPORT DISAPPOINTS; GOLD, SILVER GAIN   New claims for unemployment benefits took a surprising turn upward for last week, increasing by 8,000. Although not considered significant enough to change perceptions that the job market is improving, it still went in the wrong direction. Economists polled by Reuters expected the number of claims to re... Read More

Closing Gold & Silver Market Report – 3/7/2012

SOME HEDGE FUNDS REFUSING GREEK SWAP; QE3 MORE LIKELY? In afternoon trading, prices of the four precious metals were pushed upward as markets reacted to private-sector job numbers and news that the Federal Reserve is considering a new program of bond buying. The Gold price broke a three-day downward trend, ending the day up by nearly $12. The price for the met... Read More

Mid-Day Gold & Silver Market Report – 3/7/2012

OPTIMISM SEEN IN GREECE; CHINA RAILS AGAINST U.S. TRADE   Precious metals have maintained their positions in positive territory today. The euro recovery and physical demand out of Asia are keeping prices higher. The jobs data announced earlier today and the growing support for consolidating Greek debt has helped the overall outlook for Gold. Trader Frank Lesh said, “There is some positive news out there for the economy, and that is Read More

Morning Gold & Silver Market Report – 3/7/2012

DEADLINE TODAY FOR GREEK BONDHOLDERS   U.S. stock futures are up this morning, after the stock market’s biggest one-day drop of the year. Precious metals also are trading higher.  The ADP private-sector jobs report was released this morning and had little to no effect on precious metals or stocks. Howev... Read More

Closing Gold & Silver Market Report – 3/6/2012

STOCKS SEE BIGGEST LOSS OF 2012; GOLD, SILVER START TO RECOVER   The stock market closed down more than 200 points today, its biggest loss of 2012. As reported throughout the day, the fear of a Greek default is rocking the stock markets and precious metals markets. Stocks are down on fears of what a Greek default might do to the fragile global economic recovery. Gold and Silver prices are down largely b... Read More

Mid-Day Gold & Silver Market Report 3/6/2012

METALS RATTLED BY UNCERTAINTIES OVER GREEK DEBT SWAP      Precious metals prices are down across the board on concerns whether the Greek bond swap deal will be successful. Gold, Platinum, Palladium and Silver all experienced a hit, with prices down more than 2 percent. A combination of factors has affected the market today. Analysts at Barclays Capital said, “Uncertainty about Greece, a revision to China’s official growth forecasts, and elevated oil... Read More

Morning Gold & Silver Market Report – 3/6/2012

OBAMA, ISRAELI P.M. AGREE TO WATCH SANCTIONS ON IRAN   Precious metals prices were down this morning, driven primarily over the growing economic concern over the debt resolution steps being taken in Greece, causing the euro’s value to drop. Oil prices are on the rise as well, due to Middle East instability, but safe-haven appeal of precious metals is being influenced by exchange rate issues this morning. Analyst David Wilson said, Read More

Closing Gold & Silver Market Report – 3/5/2012

GOLD PRICE CLOSES ABOVE $1,700; STOCKS FALL ON CHINA, U.S. NEWS   Since the Mid-Day Gold & Silver Market Report, the price of Gold climbed to end the day above $1,700. Markets across the board have been weighed down by depressing data released in the U.S., as well as from China and Europe. The Gold price fell sharply last week in response to testimony... Read More
US Dollar Prices are in USD

Precious Metal Prices
4/17/2014 5:15:48 PM EST

Metal Bid Ask Change
Gold $1,294.60 $1,296.60 ($8.90)
Silver $19.60 $19.70 $0.02
Platinum $1,405.70 $1,415.70 ($22.10)
Palladium $792.10 $797.10 ($6.20)
4/17/2014 5:15:48 PM EST

Click here for Historical Charts*All Charts are in USD


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