Our Daily Gold & Silver
Market Reports

Mid-Day Gold & Silver Market Report, 7/19/2012

GOLD, SPAIN FIND POSITIVE SUPPORT; HOUSING SALES DROP   The Gold price found some support and began to rise after yesterday’s testimony from Federal Reserve Chairman Ben Bernanke that further stimulus to boost the economy has been pushed to the side for now and possibly until after the 2012 presidential election. “I think this is why Gold, with the commen... Read More

Morning Gold & Silver Market Report, 7/19/2012

METALS FOLLOW EURO TO REBOUND; FED TIME LINE ‘TIGHT’    Precious Metals prices are on the upswing this morning, following the euro. The common European currency is rebounding on news that the European Union bailout fund will be able to support troubled Spain by buying Spanish bonds. Mitsui Precious Metals analyst David Jollie said, “It seems that every time we do not have (a third round o... Read More

Closing Gold & Silver Market Report, 7/18/2012

FED CHIEF SLAMS BILL; EURO FALLS, TAKING GOLD WITH IT   Precious Metals continue to respond to a falling euro and the conclusion of Federal Reserve Chairman Ben Bernanke’s testimony before Congress today. With no firm plan for quantitative easing established, a number of investors are scratching their heads but are hopeful for further Fed action. Metals analyst Edward Meir said, “While easing may be expected, investors are still saddled with the Read More

Morning Gold & Silver Market Report, 7/18/2012

GOLD LOWER AS FIRM REPORTS ‘STRONG POSSIBILITY’ OF EASING Precious Metals prices were down this morning, with Gold and Silver prices hovering around 1 percent lower. Markets are still reacting to Tuesday’s testimony to the United States Senate Banking Committee by Federal Reserve Chairman Ben Bernanke, who did not give a clear... Read More

Closing Gold & Silver Market Report, 7/17/2012

FED CHIEF HINTS AT QE3, REMAINS UNCOMMITTED    In testimony before members of Congress today, Federal Reserve Chairman Ben Bernanke said the central bank is prepared to act to support the economy, but he remained uncommitted to any specific actions. However, Bernanke was much more negative on the economic outlook... Read More

Morning Gold & Silver Market Report, 7/17/2012

CONGRESS TO HEAR FED CHAIRMAN; GOLD PRICE MOVING   Precious Metals prices were fluctuating this morning ahead of Federal Reserve Chairman Ben Bernanke’s scheduled testimony before Congress this afternoon. Any further monetary easing would be a boon to Gold prices. Analyst Daniel Brebner said, “As it seems the U.S. data continue to deteriorate, the market is starting to anticipate some kind of ... Read More

Closing Gold & Silver Market Report, 7/16/2012

GERMAN RULING COULD DELAY EUROPEAN FISCAL PACT BY 8 WEEKS   Precious Metals prices have remained stagnant during the day. There is much speculation on what will affect the Gold price and when it may happen. Jeffrey Sica at SICA Wealth shared his view on the possibility that Federal Reserve Chairman Ben Bernanke may announce another stimulus plan. Sica said, “If he doesn’t say anything against tightening, I believe it’s going to increase the likelih... Read More

Morning Gold & Silver Market Report, 7/16/2012

GOLD PRICE PAUSES, AWAITS FED CHAIRMAN’S TESTIMONY   Federal Reserve Chairman Ben Bernanke is scheduled to give his semi annual testimony before a Senate panel Tuesday and the House Financial Services Committee on Wednesday. Although investors will be keeping a close watch for any mention of a third round of quantitative easing, it is expected that Bernanke will again scold or warn politicians that the nation is Read More

Closing Gold & Silver Market Report, 7/13/2012

MERRILL LYNCH PREDICTS $2,000 GOLD BY YEAR’S END   The Gold price rose sharply today in conjunction with a buoyant equity market. So, what is next? Federal Reserve Chairman Ben Bernanke is expected to speak next week, and a great deal of speculation exists on whether he will drop hints of an upcoming QE3. There is a strong contingent that says QE3 is coming, and this probably factored into Friday’s large market gains. Merrill Lynch threw its name i... Read More

Mid-Day Gold & Silver Market Report, 7/13/2012

GOLD ON SAME LEVEL AS CASH, ANALYST SAYS    Market analyst Ronald Stoeferle at Erste Group recently released a comprehensive report on Gold’s value and a forecast. Stoeferle suggests that the fourth quarter of 2012 could be extremely positive for the yellow metal; he predicts the price will reach $2,300 per ounce. Stoeferle said, “Due to its... Read More

Morning Gold & Silver Market Report, 7/13/2012

GOLD REBOUNDS; EURO STRENGTHENS DESPITE DOWNGRADE FOR ITALY   Precious Metals prices were rebounding from recent losses this morning, as is the American stock market. Gold, in particular, has rebounded enough this morning to make up for this week’s losses. As has been the case recently, currency trade is supporting this move. The euro has steadi... Read More

Closing Gold & Silver Market Report, 7/12/2012

STRONG DOLLAR WEIGHS ON PRECIOUS METALS    An appreciating American dollar has been good for those with cash savings, but it has pushed down other investments lately. Today was no exception. Gold ended the day slightly down after recovering early losses. Stocks dropped for the sixth straight day Thursday, indicating traders’... Read More

Morning Gold & Silver Market Report, 7/12/2012

GOOD JOBLESS REPORT NOT ENOUGH TO OVERCOME FED DISAPPOINTMENT   The disappointment from the minutes of the recent Federal Open Market Committee meeting is overshadowing fresh economic news this morning, sending stock futures and Gold down. Weekly jobless claims are at their lowest level in four years, but that wasn’t enough to ... Read More

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

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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