Our Daily Gold & Silver
Market Reports

Closing Gold & Silver Market Report – 12/13/2012

GOLD DIPS; EUROPE FOCUSES ON GREECE’S SUCCESS After the Federal Reserve announced yesterday that it would begin purchasing Treasury bonds, the price of Gold rose and gave investors a reason to sell off the yellow metal. Today, Gold has experienced a drop in price due to profit-taking coupled with the question of how the fiscal cliff ... Read More

Mid-Day Gold & Silver Market Report – 12/13/2012

SHORT TERM PROFIT TAKING PULLS DOWN GOLD; STOCKS DROP ON BOEHNER COMMENTS Gold and silver remain down at mid-day today as profit taking prompted by yesterday’s Federal Reserve announcement of increased monetary stimulus briefly boosted precious metals prices. With three weeks left until the end-of-year, it is little surprise that short-term investors, unsure ... Read More

Mid-Day Gold & Silver Market Report – 12/13/2012

SHORT TERM PROFIT-TAKING PULLS DOWN GOLD; STOCKS DROP ON BOEHNER COMMENTS Gold and Silver remain down at mid-day today as profit taking prompted by yesterday’s Federal Reserve announcement of increased monetary stimulus briefly boosted Precious Metals prices. With three weeks left until the end of the year, it is little surprise that short-term investors unsu... Read More

Morning Gold & Silver Market Report – 12/13/2012

PROFIT-TAKING LOWERS METALS PRICES Yesterday’s gain in Gold and Silver prices signaled the time to take profits for many investors, which seems to be why we are seeing a lower price today. James Steel of HSBC Securities said, “We view the [Federal Reserve] announcement as bullish, but with market expectations already factored in for ... Read More

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

GOLD, STOCKS CHANGE LITTLE FOLLOWING QE NEWS The Gold price rose only slightly today despite the Federal Reserve announcing an extension of government bond buying. Unlike past rounds of quantitative easing (QE) which instantly boosted the U.S. Gold market, analysts are predicting a slow climb for the yellow metal as further economic stimulus is expected to further w... Read More

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

FED ANNOUNCES NEW ROUND OF EASING; CONGRESSIONAL LEADERSHIP IN QUESTION As expected, the United States Federal Reserve has announced another round of quantitative easing. The easing also came with a guideline that this program will continue until unemployment levels drop and inflation subsides. “Taken together, these actions should maintain downward pressure on longer-term interest rates, support mortgage markets... Read More

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

MARKET MOVES UP; ANTICIPATION GROWS FOR FED ANNOUNCEMENT Anticipation for continued stimulus from the Federal Reserve has encouraged investors to push U.S. stock futures into positive territory again this morning.  Today the Fed will announce its latest monetary policy decision followed by Ben Bernanke’s news conference at 2:15 p.m. Mike McCudden, ... Read More

Closing Gold & Silver Market Report – 12/11/2012

‘CLIFF’ DEAL BEFORE CHRISTMAS UNLIKELY; GOLD AMERICAN EAGLE SALES SOAR The single biggest story affecting the U.S. economy is the fiscal cliff. Every day news agencies are waiting to hear updates from leaders on each side of the political aisle to get a sense of how things are going. Today’s update from Senate Majority Leader Harry Reid is that “it's going to be extremely difficult to get [a deal] done befo... Read More

Mid-Day Gold & Silver Market Report – 12/11/2012

GOLD SLIGHTLY DOWN; MARKET EXPECTS BOOST FROM FEDERAL RESERVE The Federal Reserve is expected to announce its financial policy decision tomorrow after meeting both Tuesday and Wednesday. Analysts suggest the Fed may state a new bond purchasing program that could cause an increase in U.S. money printing. “The expectation is that the Fed will augment its asset purchases,” Sonny Tahiliani, managing director of MacroMoves in New York, said. “ Read More

Morning Gold & Silver Market Report – 12/11/2012

MORE STIMULUS EXPECTED FROM FED MEETING The Gold price is relatively flat this morning as the Federal Reserve kicks off a meeting that is to last through tomorrow. Many economists are expecting the Fed to announce larger monthly bond purchases under the latest round of quantitative easing (QE). Mitsubishi analyst Matthew Turner said, “If the Fed comes out with $45 billion of bond purchases, it could be ... Read More

Closing Gold & Silver Market Report – 12/10/2012

PROBLEMS IN ITALY CONTINUE; 40 PERCENT CHANCE OF ‘CLIFF’ DEAL Precious Metals prices have been relatively steady in afternoon trading as most investors are still awaiting the looming “fiscal cliff.” “There’s a 40 percent chance of a ‘fiscal cliff’ deal before year end,” Erskine Bowles, co-chair of President Obama’s 2012 debt commission, said. The low number isn’t very attracti... Read More

Mid-Day Gold & Silver Market Report – 12/10/2012

STIMULUS TALKS BOOST GOLD The Gold price is rising for a third straight session as speculators anticipate additional monetary stimulus following the Dec. 11–12 Federal Reserve meeting. Many analysts are expecting the announcement of additional bond purchases to add to the unlimited mortgage backed security purchases program, also known as QE3, announced in September... Read More

Morning Gold & Silver Market Report – 12/10/2012

GOLD STARTS WEEK UP; FISCAL CLIFF FINGER POINTING This week is starting well for Gold prices. As of this morning Gold is on the way up thanks to the United States Federal Reserve’s upcoming meetings on Tuesday and Wednesday of this week. There are rumors that a new round of monetary easing will be announced. “Market expectation is that there could be more ... Read More

Weekly Gold & Silver Market Recap — 12/7/2012

GOLD STARTS AND ENDS WEEK WELL: After last week’s dip in the Gold market, Monday showed Gold starting December strong on positive manufacturing news from China, regaining some of the footing lost in November. The data from a private manufacturing purchasing-managers index came in slightly stronger than anticipated. In addition, Gold could stabilize after last week’s s... Read More

Mid-Day Gold & Silver Market Report – 12/7/2012

BI-PARTISAN BICKERING ON “CLIFF”; GOLD SET FOR WEEKLY LOSS Political disagreements are fast becoming a constant in today’s world. Republican leader John Boehner accused President Obama of “slow walking” the economy to the edge of the fiscal cliff. He was quoted saying, “It's time for the president, if he's serious, to come back to us with a counteroffer... Read More

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

SILVER GAINING TRACTION AS INVESTMENT ASSET All eyes were on the jobs report this morning, with expectations of just 80,000 to 93,000 jobs added in November. When the report came out, it showed that 146,000 jobs had been added and the unemployment rate dropped .2 percent down to 7.7 percent. Hurricane Sandy was expected to have more of a negative impact on the report, but the Labor Department said that ... Read More

Closing Gold & Silver Market Report – 12/6/2012

INVESTORS AWAIT JOBS REPORT DATA AND FISCAL CLIFF DECISION It appears that investors patiently await imperative data and decisions, such as tomorrow’s U.S. nonfarm payrolls data and the decision on the fiscal cliff that is approaching at the end of December. Today, European Central Bank President Mario Draghi confirmed that the eurozone requires a suitable fiscal policy be in place to begin growi... Read More

Mid-Day Gold & Silver Market Report – 12/6/2012

BARGAIN HUNTERS, ECB BOOST GOLD AFTER TWO DAYS OF LOSSES Following two straight sessions of losses, Gold is up slightly. Bargain hunters who have purchased on the recent dips along with meager economic forecasts by the European Central Bank (ECB) are the cause of the modest rebound. After losing 1.6 percent over the past two days, Read More

Morning Gold & Silver Market Report – 12/6/2012

ECB HOLDS LOW RATES; U.S. JOBLESS CLAIMS DROP The European Central Bank held interest rates to a record low of 0.75 percent Thursday. This move hinted at the possibility of cuts next year. Recent policymakers’ comments have suggested that rate cuts are not likely in the near future; however, some have speculated that cuts might happen in March.  U.S. stock futures stayed mostly unchanged a... Read More

Closing Gold & Silver Market Report – 12/5/2012

CONFIDENCE IN “CLIFF” RESOLUTION BOOSTS STOCKS; PHYSICAL GOLD DEMAND STILL STRONG Precious Metals have ended the day flat while the Dow Jones Industrial Average rallied on news that officials in Washington are making bipartisan strides to avoid the dreaded fiscal cliff. “You get the impression that there’s movement in Washington, that positions are not ideolog... Read More

Mid-Day Gold & Silver Market Report – 12/5/2012

CENTRAL BANKS CONTINUE TO BUY GOLD; SPAIN BRINGS DOWN EURO Gold’s unpredictable market price this year has not stopped many of the world’s largest central banks from buying in massive numbers. The Bank of Korea was the latest to add to their Gold holdings by adding 14 metric tons in November. Central banks make these moves to protect th... 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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