Our Daily Gold & Silver
Market Reports

Closing Gold & Silver Market Report – 12/20/2012

PRECIOUS METALS HOLD FIRM, STOCKS FALL AS BUDGET DEADLINE APPROACHES Precious Metals prices are up slightly today following a small dip in the U.S. dollar. Anthem Blanchard of Blanchard Vault noted, “You’re seeing Gold follow weakness in the dollar mostly, and [the market] feeling a little bit of too much selling that’s happened prior in terms of concerns about... Read More

Mid-Day Gold & Silver Market Report – 12/26/2012

GOLD RELATIVELY FLAT AFTER HOLIDAY; FISCAL CLIFF FEARS ABOUND The Gold market has been rather quiet so far today. There seems to be a post holiday lull in the United States, and in the United Kingdom the markets are off today as well. Gold has seen a small rise in value today thanks to the news out of Japan. “News about Japan planning to... Read More

Morning Gold & Silver Market Report – 12/26/2012

RETAIL SALES LOW; FISCAL CLIFF DEADLINE APPROACHES President Obama cut his Hawaii vacation short to return to Washington to deal with the unfinished fiscal cliff negotiations. There is a Jan. 1 deadline, after which, if not met, most Americans will feel a sharp rise in taxes. Both parties are eager to pass a measure to keep taxes low, but the sticking point is... Read More

Mid-Day Gold & Silver Market Report – 12/24/2012

GOLD FLAT ON THIN TRADING; FISCAL CLIFF SEEMS MORE LIKELY Gold remains relatively stable today following Friday’s one percent boost on short covering and buy-ins at what were perceived to be discount prices. As expected, a ... Read More

Morning Gold & Silver Market Report – 12/24/2012

GOLD FLAT, STOCKS DOWN AS FISCAL CLIFF DOMINATES Gold and Silver prices are mostly flat this morning, as fiscal cliff fears continue to dominate the headlines. Peter Fertig of Quantitative Commodity Research said, “The weaker dollar and steady stock markets are giving support to Gold. My view is that the fiscal cliff will be avoided at the last minute. If the fiscal cliff is avoided, that should be posi... Read More

Weekly Gold and Silver Market Recap – 12/21/2012

Gold drops with fiscal cliff news The Gold market has seen better weeks this year. The indecisiveness of the United States Congress over the impending fiscal cliff has taken the Precious Metals market on a ride. As of mid-day Tuesday, Gold had fallen more than $20 an ounce as investors eyed positive developments in fiscal cliff negotiations. Julian Phillip... Read More

Mid-Day Gold & Silver Market Report – 12/21/2012

GOLD IS ON THE MOVE; AMERICANS FEELING MORE CONFIDENT IN ECONOMY Gold neared a four-month low today as the fiscal cliff remains unresolved. Precious Metals prices fell yesterday when U.S. House Speaker John Boehner avoided backing President Barack Obama on fiscal cliff talks. “If there is a timely agreement to avert the fiscal cliff, I think Gold will gain with risk assets,” VTB Capital analyst Andrey Kryuchenkov... Read More

Morning Gold & Silver Market Report – 12/21/2012

GOLD STILL ON TRACK FOR ANOTHER ANNUAL GAIN Gold and Silver prices are slowly recovering from yesterday’s drop. This week looks to be the worst since June for Gold, though it is still on track for yet another annual gain. Brian Lan of GoldSilver Central in Singapore said, “At the moment, the U.S. budget talks are stalling. Many are unsure if they should ent... Read More

Closing Gold & Silver Market Report – 12/20/2012

METAL PRICES FALL; WILL POSITIVE U.S. ECONOMIC DATA END QE3? Precious Metals prices fell today as hedge funds were liquidated and the U.S. economy reflected more growth than forecasted. “There is a concern among the hedge funds that they will have more redemptions because of the fact that they underperformed the markets this year as a whole,” Jeffrey Sica, chief investment officer of SICA Wealth M... Read More

Mid-Day Gold & Silver Market Report – 12/20/2012

GOLD CONTINUES LARGE DROP ON POSITIVE ECONOMIC DATA Gold and Silver prices have tumbled again today, dropping both metals below their projected support levels on better-than-expected GDP growth numbers. Year-end sell-offs prompted by optimistic economic data have resulted in Read More

Morning Gold & Silver Market Report – 12/20/2012

GOLD STARTS DAY DOWN; CLIFF DEAL IN DOUBT Precious Metals prices are falling this morning. While the end of the year seems to be ending quietly, the long term outlook for Gold is still positive. “As an investor taking the long view, Gold remains an attractive asset class to be in, but some patience is required as the factors that got us he... Read More

Closing Gold & Silver Market Report – 12/19/2012

FISCAL CLIFF TALKS CONTINUE TO DOMINATE MARKET MOVEMENTS Yesterday saw Gold plummet to its lowest level in 3 ½ months but the metal is relatively flat today. The back-and-forth sentiment regarding fiscal cliff aversion leaned negatively today after Tuesday saw positive reports, which prompted a major sell-off. Gold has gained 7 percent in 2012 as central banks aroun... Read More

Mid-Day Gold & Silver Market Report – 12/19/2012

ENDING THE GOLDEN CLIMB; FISCAL CLIFF TALKS CONTINUE This has been the 12th straight year of a rise in Gold price. However, in the last quarter of 2012, the Precious Metals market has seen a slowdown that has investors wondering if next year can continue the historic rise. “The environment for Gold is good, but it isn't improving further by the day, so some slowdown in the uptrend in Gold should be expected,” Credit Suisse analyst Tobias Merath said. Read More

Morning Gold & Silver Market Report – 12/19/2012

INVESTORS BETTING ON FISCAL CLIFF DEAL Gold and Silver are both trading lower this morning after the release of relatively encouraging housing data. Stock futures are gaining, and it seems that many investors are betting that Congress and the White House can come to an agreement on the impe... Read More

Closing Gold & Silver Market Report – 12/18/2012

GOLD DROPS 2 PERCENT; MARKET HOPEFUL FOR FISCAL CLIFF RESOLUTION Gold tumbled today as investors began to sell off their Precious Metals. It appears that politicians are close to reaching a deal to avoid the fiscal cliff at the end of the month. “If Gold is not able to defend those key supports, one should expect a new wave of technical selling to continue," said Adam Sarhan, chief executive of Sarhan Capit... Read More

Mid-Day Gold & Silver Market Report – 12/18/2012

GOLD DOWN ON FISCAL CLIFF CONFIDENCE After trading flat all morning, Gold has fallen more than $20 an ounce at mid-day. Today’s dip comes as investors eye positive developments in fiscal cliff negotiations. Julian Phillips, founder of GoldForecaster.com, believes the sudden optimism over discussions in Washington is premature by stating, “Small steps towar... Read More

Morning Gold & Silver Market Report – 12/18/2012

PROS BUY GOLD AS FISCAL CLIFF DEAL NEARS Gold has remained mostly flat and Silver is gaining this morning as more strides are being made toward a fiscal cliff deal.  President Barack Obama and House Speaker John Boehner have reportedly come close to a potential agreement to avoid what the Congressional Budget Office says will bring on another recession. Recently, Washington insiders had believed th... Read More

Closing Gold & Silver Market Report – 12/17/2012

GOLD RISES ON FED SURVEY RESULTS; FISCAL CLIFF DEAL WON’T GUARANTEE GROWTH Responding to a Federal Reserve Bank of New York survey that indicated regional manufacturing business had worsened in December, the Gold price rose slightly in afternoon trading to end the day just under $1,700. Darin Newsom, a Telvent DTN senior analyst, said that after the survey, “we... Read More

Mid-Day Gold & Silver Market Report – 12/17/2012

COUNTDOWN TO FISCAL CLIFF; PRESIDENT, BOEHNER IN TALKS Gold is slightly down this morning after lower-than-expected data in a New York Federal Reserve survey which reflected manufacturers in the district experienced less business. “We're seeing a knee-jerk reaction to the factory data,” Matt Zeman, a strategist at Kingsvi... Read More

Morning Gold & Silver Market Report – 12/17/2012

INVESTORS BELIEVE FISCAL CLIFF DEAL COMING SOON Gold and Silver have recovered from early morning losses. Tom Kendall, head of Precious Metals research at Credit Suisse, said, “This (move in Gold) is primarily technical, a continuing ease-back after the (Federal Open Market Committee) announcement last week.” Kendall went on to say that Gold traders seem to not be worried about the fiscal cliff, as he s... Read More

Weekly Gold & Silver Market Recap – 12/14/12

QE4 makes an impact on the gold market This week’s gold value was highly affected by United States Federal Reserve’s newest round of monetary easing. The build up to Wednesday’s announcement gave the precious metal market a boost. As of Monday morning Gold is on the way up thanks to the United States Federal Reserve’s upcoming meetings on Tuesday and Wednesday of this week. 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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