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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

Mid-Day Gold & Silver Market Report 3/5/2012

GREECE OPTIMISTIC ON SOVEREIGN DEBT DEAL   Precious metals prices are experiencing a small loss since this morning. Gold's price is declining on news that China is lowering its economic growth target for 2012 to 7.5 percent, which is the lowest level in seven years. Read More

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

GOLD PRICE SLIGHTLY LOWER, SILVER SLIGHTLY UP IN EARLY TRADING    Gold and Silver prices have been relatively stable in morning trading. Gold did dip below $1,700 before rebounding. Platinum and Palladium have taken sharper hits to their prices. Generally speaking, this lack of price movement occurs on days when there is a void of news affecting Gold and Silver. This was true this morning. Greece and oil remain the top headlines. The popular notion that a sol... Read More

Closing Gold & Silver Market Report – 3/2/2012

DOLLAR RISES ALONG WITH CONCERNS OVER MIDDLE EAST   Precious metals prices have remained relatively steady today with technical selling to balance investors’ books for week’s-end profit-taking. The dip in stock markets is attributed to many investors feeling the rally was moving faster than the actual global growth outlook. Money manager John Carey said, “Some people may think that the Read More

Mid-Day Gold & Silver Market Report 3/2/2012

SAN FRANCISCO FED PRESIDENT HOPEFUL; GOLD STILL FAVORABLE ASSET    Precious metals prices are slowly dropping, following this morning’s trend. Gold’s price drop is coming from a stronger U.S. dollar, and the price movement supports the inverse correlation between the two. Federal Reserve Chairman Ben Bernanke indicated this week that additional actions to assist with economic recovery need not be implemented at this time. In the past, the Fed ... Read More

Morning Gold & Silver Market Report – 3/2/2012

GOLD’S BUYING OPPORTUNITY MAY NOT BE OVER   Gold and Silver are giving back yesterday’s gains this morning, while U.S. stock futures trade lower. A strengthening U.S. dollar is the likely cause of Gold and Silver’s decline, as currency markets have recently been the controlling factor in the prices of the metals. One analyst, James Steel, believes that Read More

Closing Gold & Silver Market Report – 3/1/2012

GOLD, OTHER METALS END THE DAY UP; IMF SAYS EUROPE STILL A THREAT   Prices for all four precious metals ended the day up in afternoon trading, with Silver and Platinum in particular both continuing to gain since the posting of the Read More

Mid–Day Gold & Silver Market Report – 3/1/2012

GOLD, SILVER PRICES RECOVERING FROM WEDNESDAY’S DOWNTURN   Gold and Silver prices have been moving up through the morning, recovering from yesterday’s significant move down. Comments made by Federal Reserve Chairman Ben Bernanke are widely viewed as the cause of the strong sell-off, and Bernanke is back speaking before Congress today. There is strong interest as to whether Bernanke’s tone will remain th... Read More

Morning Gold & Silver Market Report – 3/1/2012

IRAN SANCTIONS ALREADY EFFECTIVE; QE3 SQUELCHED?   Precious metals prices have rebounded slightly today from Wednesday’s volatility. The Gold market was largely influenced by the perception presented in previous remarks by Federal Reserve Chairman Ben Bernanke, but were almost roundly squelched in prepared statements before a House of Representatives panel yesterday. Today, Bernanke is scheduled to sit in front of Senate members. Echoing that perception,... Read More

Closing Gold & Silver Market Report – 2/29/2012

SHARP SELL-OFF FOR GOLD, SILVER; FANNIE MAE TO SEEK $4.6 BILLION   Gold and Silver experienced drastic sell-offs today after testimony by Federal Reserve Chairman Ben Bernanke before the House Financial Services Committee. Bernanke indicated that the Fed is not likely to consider a third round of quantitative easing. Prices for Gold and Silver ended at their lowest points since December. With the view o... Read More

FLASH: Gold Falls Below $1,700; Silver Below $35

In most cases, when Federal Reserve Chairman Ben Bernanke speaks, precious metals prices go up. But not today. Bernanke’s comments have created a sharp selloff in Gold and Silver. In testimony before a congressional committee, Bernanke said he would not take the possibility of QE3 off the table, but his comments have been interpreted to mean that another round of quantitative easing is unlikely. “Bernanke said that another round of bond buying ... Read More

Mid-Day Gold & Silver Market Report 2/29/2012

GOLD DIPS AS FED CHAIRMAN SPEAKS   As Federal Reserve Board Chairman Ben Bernanke spoke to the House Financial Services Committee this morning, the Gold price took a quick dive. At one point, Gold was down more than $70 per ounce. On the labor market, Bernanke said, “The job market remains far from normal,” as the unemployment rate has dropped to 8.3 percent in January from a staggering 9 percent for the majority of 2011. On the economy, he said, “ Read More

Morning Gold & Silver Market Report – 2/29/2012

GOLD PRICE DROPS AS FED CHAIRMAN’S TESTIMONY BEGINS   Precious metals prices lost ground in trading this morning as Federal Reserve Chairman Ben Bernanke began testifying before the House Financial Services Committee. The Gold price dropped as much as $70 per ounce at one point, but the price had started to regain some of the loss by late morning. Prices for Silver, Platinum and Palladium also dropped. However, Read More

Closing Gold & Silver Market Report – 2/28/2012

Gold Hits a Three Month High, Silver a Four Month High; Pimco CEO Says Greek Bailout Will Fail Shaking off yesterday’s downward ending, the price of Gold ended the afternoon at its highest point in three months. With analysts saying that long-term support for gold is solid, investors took advantage of the previous two sessions’ price drops and enthusiastically purchased... Read More

Mid-Day Gold & Silver Market Report – 2/28/2012

GOLD UP, OIL DOWN; FED CHAIRMAN TO SPEAK Precious metals prices have been on the rise since the Morning Gold & Silver Market Report. This would seem to be a precursor to Federal Reserve Chairman Ben Bernanke’s upcoming semi-annual monetary policy report to the House of Representatives tomorrow and the Senate the following day. There is also an i... Read More

Morning Gold & Silver Market Report – 2/28/2012

OIL, GOLD BUCK TREND; DURABLE GOODS ORDERS DROP   All precious metals are enjoying gains this morning, with Silver leading the pack. Peter Fertig of Quantitative Commodity Research Ltd. said, “The euro is stronger against the dollar, and that’s one of the major supportive factors.” Fertig said higher equitie... Read More

Closing Gold & Silver Market Report – 2/27/2012

GOLD PRICE RISE SEEN THIS WEEK; BEARS PREDICT MARKET CORRECTION   After significant gains pushed Gold to end the previous week up by 2.9 percent, profit-taking by investors caused the price to end the day slightly down in afternoon trading. The metal ended the day down just 0.1 percent based on Gold futures for April delivery. Platinum a... Read More

Mid-Day Gold & Silver Market Report 2/27/2012

PLATINUM MINE TO REHIRE STRIKERS; GERMAN VOTE SUPPORTS SECOND GREEK BAILOUT   Precious metals prices were holding steady with little fluctuation. Gold’s price is primarily being affected by Europe’s debt crisis and high crude oil prices. The speculation that crude oil could increase to $5 a gallon by summer concerns many U.S. residents, because some will not be able to pay a higher bill at the gasoline pump. There is fear that the nation may be heading backward ra... Read More

Morning Gold & Silver Market Report – 2/27/2012

OIL PRICE KEEPS RISING; GOLD, SILVER PRICES SOFTEN   Oil prices have gone up the past two weeks and look as if they might make a run at a third consecutive week. A CNBC poll showed 75 percent of analysts and traders are expecting higher prices this week. There is concern that rising oil prices could put the brakes on a fragile global economic recovery. The United States has experienced sharp price hikes... Read More

Closing Gold & Silver Market Report – 2/24/2012

GREEK FALLOUT NIPS INVESTOR CONFIDENCE     There is an unintended consequence of restructuring the Greek debt that has not received a great deal of attention. To put it simply, private bond investors are going to be more cautious and more demanding when they lo... Read More

Mid-Day Gold & Silver Market Report 2/24/2012

SILVER PRICE UP 7.1% IN WEEK; U.S. CONSUMER CONFIDENCE UP   The Gold price is slightly down today as it tries to sustain this week’s gain. LGT Capital Management analyst Bayram Dincer said investors were moving into Gold on the back of expectations for further monetary easing in the United States and the eurozone. “It is really monetary (policy) expectations that are making the investment rationale for Gold,” he said. 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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