Our Daily Gold & Silver
Market Reports

Morning Gold & Silver Market Report, 8/28/2012

ANTICIPATION GROWS, AFFECTS MARKETS AHEAD OF FED MEETING   The week’s dominant financial news will be the speculation ahead of the Federal Reserve’s Jackson Hole, Wyo., symposium. Anticipation leading up to the event is leaving stocks flat. David Morrison, senior market strategist at GFT Markets in London, said ... Read More

Mid-Day Gold & Silver Market Report, 8/27/2012

ANXIOUS INVESTORS CAUSE MILD TRADING   Gold and Silver investors are anxiously awaiting events over the next few weeks, specifically regarding the prospect of another round of quantitative easing. Highly anticipated speeches scheduled for the end of the week by Federal Reserve Chairman Ben Bernanke and European Central... Read More

Morning Gold & Silver Market Report, 8/27/2012

GOLD MIGHT SEE BEST YEAR SINCE 2010   A Bloomberg report this morning stated the prospect that Gold might rise to $1,800 per ounce by year’s end, which could extend Gold’s gains for the year to more than 15 percent. This would be the greatest gain since 2010, when Gold saw a 30 percent increase. The expectation of higher Gold ... Read More

Closing Gold & Silver Market Report, 8/24/2012

GOLD STEADY AFTER ACTIVE WEEK; CHINA’S ECONOMY SEEMS FRAGILE    The Gold price remained flat Friday compared to movement seen earlier in the week. The surge in Gold’s price was supported by investors who believe the Fed is reaching its breaking point and is about to release the next round of quantitative easing in the United States. “Gold has this week broken out of its well defined, multi mo... Read More

Mid-Day Gold & Silver Market Report, 8/24/2012

EUROPE STILL CENTRAL CONCERN; TV ANALYST PROMOTES GOLD   In lieu of an official Federal Reserve decision on monetary easing, the eurozone remained the hub of market news Friday as uncertainty about the region’s debt crisis has caused the S&P 500 to drop below 1,400 for the first time in two weeks. “It’s been a bad week for markets. It’s a ‘very littl... Read More

Morning Gold & Silver Market Report, 8/24/2012

GOLD SLIGHTLY LOWER; MARKET ‘JUST WAITING’ FOR MORE FROM FED   American stock futures and Gold are slightly lower this morning as investors continue to analyze the latest Federal Open Market Committee minutes. The top story hasn’t changed; all eyes are firmly on a small town in Wyoming. “Given all the mixed messages, the... Read More

Closing Gold & Silver Market Report, 8/23/2012

GOLD MOVEMENT REFLECTS EAGERNESS; IS WORLD RECESSION LIKELY?   The Gold price has moved more this week than in the past four months. The movement reflects growing eagerness for the Federal Reserve to provide further stimulus measures to boost the economy. The minutes from the Federal Open Market Committee’s meeting, released y... Read More

Morning Gold & Silver Market Report, 8/23/2012

JOBLESS CLAIMS DISAPPOINT, LEAVING DOOR OPEN TO QE3   Precious Metals prices added to early gains after the release of the weekly jobless claims report. After an upward revision from last week’s numbers, the report showed increases across the board in new claims, existing claims, and the four week moving average. Jumps ... Read More

Closing Gold & Silver Market Report, 8/22/2012

GOLD SURGES AS FED SAYS EASING ‘WARRANTED FAIRLY SOON’   Just a day after hitting a two month high, the Gold price is now sitting at a 16 week high after the release of the latest Federal Open Market Committee minutes. In the minutes, the Fed said, “Many members judged that additional monetary accommodation would likely be warranted fairly soon unless incoming information pointed to a substant... Read More

Morning Gold & Silver Market Report, 8/22/2012

ALL EYES ON THE FED   The primary topic of discussion today will be the release of the minutes from last week’s Federal Reserve meeting. Ahead of that announcement, speculation will abound. Some investors will want more quantitative easing, while others will want more of what we have been getting: inaction. Speaking on CNBC, Art Cashin, director of floor operations at USB, said, “You’re going to n... Read More

Morning Gold & Silver Market Report, 8/21/2012

GOLD PRICE AT TWO MONTH HIGH, BREAKS KEY LEVEL   The Gold price was at a two month high this morning, tracking the euro upward. VTB Capital analyst Andrey Kryuchenkov said, “A break above $1,630 is very significant, as we breach the June-July and early August range. Buy orders were triggered, with the dollar index also slipping below support … a... Read More

Closing Gold & Silver Market Report, 8/20/2012

FEAR DRIVES PRECIOUS METALS PRICES    Bullion prices have risen on investors’ hopes for further stimulus measures from policy makers. Commenting on a higher Gold price today, Chintan Karnani, chief analyst at Insignia Consultants in New Delhi, said, “Prices continued to trade in a tight range amid a lack of major news from the U.S. or Europe.” Investors began buying more Platinum on growing concerns ou... Read More

Mid-Day Gold & Silver Market Report, 8/20/2012

INVESTORS KEEP WAITING FOR QE3   The stock market is down today as American investors paused following six straight weeks of gains on the Dow Jones Industrial Average. Also, European officials exposed a supposed plan to cap European bond yields, which hindered investor confidence even as the European Central Bank insists that no decision on the... Read More

Morning Gold & Silver Market Report, 8/20/2012

GOLD, PLATINUM PRICES RETREAT FROM RECENT GAINS   The early morning trading hours have seen Precious Metals prices going slightly lower. Gold investors have been largely on the sidelines, as they await further announcements later this week from eurozone policy makers. Several rounds of talks are scheduled between Germany, France, Greece and the... Read More

Closing Gold & Silver Market Report, 8/17/2012

GLOBAL INVESTOR SOROS SELLS STOCKS, BUYS GOLD   George Soros, a famous global investor, sold his shares in American financial stocks and used the proceeds to buy Gold. It is worth noting that he did so at a time when the Dow crossed 13,000, its highest level since April 2008. Soros also is noted for his close ties with the Ob... Read More

Mid-Day Gold & Silver Market Report, 8/17/2012

MIXED BAG OF ECONOMIC DATA KEEPS GOLD IN TIGHT RANGE   The Gold price remained steady through mid-day, following the euro as Gold continues to track currency markets. Ross Norman, chief executive officer of Sharps Pixley, commented on recent news of slowing Gold demand by saying, “You’d think Gold would subside, but it has performed well, responding to small optimism on euro gains and dollar weakness.” This positive sentiment comes amid growing concern o... Read More

Morning Gold & Silver Market Report, 8/17/2012

GERMAN CHANCELLOR BACKS EURO, MAY NOT BACK GREECE   American stock futures received a boost this morning, thanks to German Chancellor Angela Merkel. Overnight, Merkel reaffirmed Germany’s commitment to the euro, much like what European Central Bank President Mario Draghi said recently. “With Merkel voicing her support for ... Read More

Closing Gold & Silver Market Report, 8/16/2012

CENTRAL BANKS MAY REACH RECORD YEAR AS NET BUYERS OF PRECIOUS METALS   The World Gold Council (WGC) reported today that Gold demand fell to its lowest point in over two years during the second quarter. The fluctuation with Gold demand is due to key consumers such as India and China acquiring less, offsetting a notable quarter for central bank acquisitions. Marcus Grubb at WGC commented on how central banks may set a record with their increased Precious Metals hold... Read More

Morning Gold & Silver Market Report, 8/16/2012

GOLD BEING PULLED IN BOTH DIRECTIONS   Precious Metals prices recovered slightly after two economic reports were released this morning. United States housing starts and jobless claims were worse than expected. Economists expected housing starts to rise slightly, but they fell by 1.1 percent. Economists also expected a rise of about 1,000 in new jobless claims, but the real result was slightly ... Read More

Closing Gold & Silver Market Report, 8/15/2012

CONFIDENCE RENEWED IN GOLD; POSITIVE DATA ALLAYS EASING   The Gold price experienced little movement today, staying just above $1,600 per ounce for most of the day. The yellow metal was heavily talked about once it was reported that longtime gold bull John Paulson has confidence that the Precious Metal is a long term currency and inflation hedge. This reassured investors that Gold’s price ca... Read More

Morning Gold & Silver Market Report – 8/15/2012

IS THE EURO CURRENCY ALREADY DEAD? Precious metals recovered from early losses this morning after the release of the Consumer Price Index showed the smallest year-over-year increase in nearly two years.  The better-than-expected report could support the Federal Reserve’s looming decision on another round of monetary stimulus.  Also, a key business gauge contracted unexpectedly for the first tim... 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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