Our Daily Gold & Silver
Market Reports

Closing Gold & Silver Market Report, 7/11/2012

MEETING MINUTES SHOW NO SIGN OF QE3 SOON   American markets, with hopes for additional quantitative easing, ended mostly lower today after the minutes of the most recent Federal Open Market Committee meeting were released. The minutes, which give insight into policy makers’ decisions, showed a lack of support for further easin... Read More

Morning Gold & Silver Market Report, 7/11/2012

INVESTORS SEEKING SAFE HAVENS; GREECE FACES OPPOSITION   Gold is trading slightly lower this morning, while Silver has given up some early gains amid news that the United States trade deficit narrowed. The 3.8 percent drop in the deficit was expected, so it has not had much effect on the markets. However, in a new sign that the economic recovery in the ... Read More

Closing Gold & Silver Market Report, 7/10/2012

TRADERS PUNISH EURO AS BLACK CLOUD SWIRLS OVER EUROPE   The euro fell in value today when compared to 16 of its most-traded peer currencies. Recent interest rate cuts by the European Central Bank have led traders to rid their portfolios of euro assets in favor of currencies with higher yields. This has happened despite the s... Read More

Morning Gold & Silver Market Report, 7/10/2012

1.3 BILLION IN CHINA HAVE LITTLE CHOICE BUT GOLD   China continues to be the “most important player on the global Gold market,” according to Commerzbank AG. The World Gold Council predicts that China will increase its Gold holdings by 13 percent this year. What makes Gold so attractive to the Chinese market? Albert Cha... Read More

Closing Gold & Silver Market Report, 7/9/2012

OIL SHUTDOWN LOOMS IN NORWAY; FED OFFICIALS SHARE OUTLOOK ON QE3   The Gold price took a small jump Monday once investors began to take advantage of the yellow metal’s price dip, but it remained steady in the afternoon. The Gold price spiked due to rising crude oil prices and a weaker American dollar. Daniel Smith, an analyst with Standard Chartered, said, “The main thing that says to me is when inflati... Read More

Morning Gold & Silver Market Report, 7/9/2012

‘PERFECT STORM’ COMING TOGETHER, ECONOMIST SAYS   Precious Metals are trading mostly flat this morning, taking a cue from the euro. The euro has rebounded slightly since hitting a two-year low on Friday. Adam Myers of Credit Agricole wrote, “The currency market mood is likely to turn more pessimistic this week as investors return t... Read More

Mid-Day Gold & Silver Market Report, 7/6/2012

GOLD REACTS STRONGLY TO AMERICAN JOBS REPORT   Gold's price fell this morning as a result of disappointing numbers shown in the latest United States jobs report. U.S.A. nonfarm payrolls increased 80,000 jobs in June from May’s reading of 77,000, while the nation’s unemployment rate remained at 8.2 percent. “The Precious Metals bounced strongly when the (payroll) numbers turned out to be ... Read More

Closing Gold & Silver Market Report, 7/5/2012

RECORD EUROPEAN STIMULUS PUSHES DOLLAR UP AS EURO, GOLD DROP     The euro fell to a four week low against the dollar today, held down by a record low interest rate from the European Central Bank and a rise in the value of the dollar brought on by a report that showed more American jobs were created in June than prev... Read More

Morning Gold & Silver Market Report, 7/5/2012

TRIO OF ECONOMIC MOVES BOOSTS MARKETS   Major financial policy moves from Europe and China are boosting American stock futures. Precious Metals prices have been choppy in early morning trading thanks to the inflationary pressures these moves are likely to have on the global economy. The first of these moves came from the United Kingdom, when the Bank of England refreshed its quantitative easing program and now Read More

Closing Gold & Silver Market Report, 07/03/2012

GOLD PRICE ENDS HIGHER ON HOPES OF MORE EUROZONE STIMULUS   The Gold price closed at its highest point in two weeks today on hopes that the European Central Bank (ECB) will announce more stimulus measures to buoy a floundering economy in the 17 nation euro currency union. Expectations are that any announcement of stimulus by the ... Read More

Closing Gold & Silver Market Report 7/2/2012

ECONOMISTS NOT SURE HOW TO REACT TO EU PROPOSAL  Gold’s price has remained stable today following doubtful views of the European Union’s summit. Commerzbank commented on Friday’s rally for Gold when the price shot up 3.5 percent by saying the demand was “likely to have been driven mainly by speculative financial investors. In the long term, we regard the current skepticism displayed by speculators to be constructive, for most fears should meanwhile be ‘... Read More

Morning Gold & Silver Market Report – 07/02/12

CENTRAL BANK CONSIDERS RECLASSIFICATION OF GOLD BULLION The United States Federal Reserve Bank released a memo on June 18, which calls for the reclassification of Gold from a 50% weighting to a 100% weighting. Currently, for every $1 of Gold held by the banks or central banks, only $0.50 can be claimed as book value. By changing Gold to a 100% weighting, i... Read More

Closing Gold & Silver Market Report, 6/29/2012

GOLD RALLIES TO END QUARTER   Much like American stocks, Gold rallied strongly today, though it wasn’t enough to claim a victory on the quarter. The move upward in Gold is thanks to Europe’s plan to curb its debt crisis and expectations that it could be inflationary. Historically, any type of monetary easing or money printing has ... Read More

Mid-Day Gold & Silver Market Report, 6/29/2012

COMMODITY PRICES JUMP WITH EUROZONE ANNOUNCEMENT    Precious Metals prices were on the rise following losses Thursday. Precious Metals prices have been following the global economic situation and the movement of the American dollar. There is speculation that Silver is undervalued at current levels and about what actually i... Read More

Morning Gold & Silver Market Report, 6/29/2012

EUROPEAN UNION SHOCKER SENDS PRECIOUS METALS HIGHER   Precious Metals prices moved noticeably higher in early morning trading as the dollar weakened against the euro on news of a European plan to lower eurozone member nations’ borrowing costs. Economist Vishnu Varathan said, “It still falls short of a concrete solution, but the removal of severe pessimism over what’s going to come out of the EU summit is driving markets higher.” Meanwhile, the news has l... Read More

Closing Gold & Silver Market Report, 06/28/2012

OIL, OTHER COMMODITIES SLIDE ON EUROPEAN FEARS   Most commodities, including Precious Metals and oil, ended the day with lower prices. Prices were pushed down by a stronger American dollar and fears of a continued lack of resolution to the eurozone crisis. Oil ended the day at the lowest price in eight months as it cl... Read More

Morning Gold & Silver Market Report, 6/28/2012

CONCERNS MOUNT AHEAD OF EUROPEAN SUMMIT; DOLLAR RISING   Precious Metals prices were weathering the blows of investors concerns over the eurozone debt crisis. Concerns ahead of the European Union summit have influenced investors and world markets. The Indian rupee continues to struggle, which has curbed the primarily Gold investing nation’s normal buying activity. Analyst Robin Bahr said, “There’s no semblance of a safe haven at the moment, but Read More

Closing Gold & Silver Market Report – 6/27/2012

ANALYSTS SAY FURTHER EASING IN EUROZONE NECESSARY Better than expected economic data boosted American stocks while Gold remained flat during trading today. As Matthew Kaufler of Federated Clover Advisors explains, “The housing data came in better than expected and we got good news on durable goods orders, so we’re having a relief rally that th... Read More

Morning Gold & Silver Market Report – 6/27/2012

EURO LEADERS ‘UNUSUALLY DIVIDED’ BEFORE SUMMIT Precious Metals are trading lower this morning, thanks to investors moving to the sidelines ahead of the European Union summit, which starts tomorrow. Michael Turner of RBC Capital Markets said, “This could be a reasonably long holding pattern until the headlines start to flow from the European Cou... Read More

Closing Gold & Silver Market Report, 06/26/2012

INVESTORS SEEK SAFE HAVEN AS UNCERTAINTY REIGNS   Stocks rose slightly today, as economic data and headlines cast a glimmer of hope onto trading floors. Home prices rose slightly, according to the Case-Schiller index that measures home values in 20 major cities across the United States. However, optimism is still mixed with copio... Read More

Morning Gold & Silver Market Report, 6/26/2012

EUROZONE WORRIES MOUNT; PRECIOUS METALS ON THE MOVE   Precious Metals prices have been fairly volatile on eurozone debt fears and the escalation of violence and rhetoric involving Syria. Analyst Robin Bhar said, “Gold is capped on the upside by disappointment post-Fed, while on the downside, we have some bargain hunting, and a bit of physical buying into the troughs. … We are stuck in a fairly... 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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