Our Daily Gold & Silver
Market Reports

Mid-Day Gold & Silver Market Report – 10/30/2012

PLATINUM, PALLADIUM IMPROVE WITH STRIKE; EUROPE SUPPORTS GREECE Precious Metals prices are steady following a declining U.S. dollar. The U.S. non-farm payrolls report will be released Friday and is expected to show an additional 125,000 new jobs last month. “An increase in unemployment is a reason to be positive on the Gold price because we would see a greater pos... Read More

Morning Gold & Silver Market Report – 10/30/2012

SPAIN’S RECESSION CONTINUES; HEDGE FUNDS RETURNING TO PALLADIUM Precious Metals prices are rising this morning as the U.S. dollar falls, with Silver and Platinum leading the way. Global stocks are up as well due to Hurricane Sandy looking to be less costly than expected. Wall Street is closed for the second day in a row, though electronic trading continues at very low volumes, “which makes today’s gains ... Read More

Closing Gold & Silver Market Report – 10/29/2012

GOLD’S PRICE SURPASSES PRESSURE; AMERICANS CONFIDENT IN THE ECONOMY ONCE AGAIN Gold is being tested at the $1,700 price point, but is reassuring investors again this week who believe the metal may have a lower correction. “I don't think we'll break too far out from $1,700 or $1,715,” Bank of Nova Scotia's head of Precious Metals Simon Weeks said. “There's good physical interest on the dips.” The U.... Read More

Mid-Day Gold & Silver Market Report – 10/29/2012

WHICH PRESIDENTIAL CANDIDATE IS BETTER FOR GOLD? Precious Metals have pulled back in morning trading as the U.S. dollar gained. Jeffrey Wright of Global Hunter Securities said, “The fundamentals of Gold never halt — even with a storm looming. The attention this week will be on the employment report on Friday as well as U.S. election next Tuesday. [A Mitt Romney victor... Read More

Morning Gold & Silver Market Report – 10/29/2012

UNITED STATES STOCK EXCHANGES CLOSE AHEAD OF SANDY The decision was made Sunday evening to close New York stock exchanges for both floor and electronic trades due to Hurricane Sandy. The so-called “monster storm” is predicted to hit New York later today. Following suit, the Nasdaq OMX Group Inc and the BATS also announced that option and stock tr... Read More

Gold & Silver Market Report – 10/26/2012

GOLD’S PRICE IS STEADY; SPAIN’S UNEMPLOYMENT RATE HITS 25 PERCENT Gold has remained flat for the day after data indicated an improved U.S. economy for the third quarter. Bloomberg conducted a survey of 26 analysts in which 14 of them expect the prices to increase next week; 9 are bullish for the yellow metal and 3 were neutral. “The whole economic si... Read More

Special Report: 5 Possible Outcomes of the U.S. “Fiscal Cliff”

While no one can predict which direction the economy and the investment markets will take as a result of the “fiscal cliff” facing the United States at the end of December 2012, MarketWatch.com has proposed 5 possible outcomes to consider. The United States “fiscal cliff” was a term coined by the press to describe the circumstances of multiple economic events set to occur at virtually the same time on December 31, 2012. These events include the expiration of the payroll tax cuts, t... Read More

Mid-Day Gold & Silver Market Report – 10/26/2012

REPORT: BERNANKE WON’T TAKE THIRD TERM Gold and Silver prices rebounded after early morning losses thanks to the U.S. GDP report, however prices are still set for a weekly loss. Jeffrey Sica of SICA Wealth, said, “I don’t believe Gold is able to rally off of that data for now. Gold is a momentum asset and its momentum is not there right now.” Sica was also asked about reports that Federal Reserve Chairma... Read More

Morning Gold & Silver Market Report – 10/26/2012

GDP REPORT BOOSTS DOLLAR; GREECE IN MORE TROUBLE Gold and Silver are trading flat as the U.S. dollar is being fueled by an improving GDP number released this morning. The U.S. economy grew 2.0 percent in the third quarter, thanks to improving home building and higher spending. This is the final report regarding economic growth before the presidential election next month, and was eagerly awaited by invest... Read More

Closing Gold & Silver Market Report – 10/25/2012

GOLD FINISHES UP; FUTURE INFLATION POSSIBLE U.S. stocks closed the day slightly higher on positive reports for the global economy. Gold closed up after finishing Wednesday on a seven-week low. It appears that investors had been wagering on a continued decline in the Precious Metal by selling to take advantage of higher prices. Recent news of the U.S. central bank’s reassura... Read More

Mid-Day Gold & Silver Market Report – 10/25/2012

GOLD UP ON FED ASSERTIONS OF MORE QE3; STOCK MARKET DOWN ON EARNINGS As Gold faltered yesterday and flirted with sub-$1,700 levels for the first time in almost two months, the Federal Reserve’s reiteration of further liberal monetary policy has boosted the Gold price today. Weak economic development and feeble jobs numbers continue to be the driving forces b... Read More

Morning Gold & Silver Market Report – 10/25/2012

FESTIVAL SEASON IN INDIA SPURS GOLD DEMAND Precious Metals prices are rising this morning thanks, in part, to a softer U.S. dollar. Playing a part in Gold’s price increase is physical demand in India, as festival season starts. Edel Tully of UBS AG said, “After India’s festival celebrations yesterday, physical buying is startin... Read More

Closing Gold & Silver Market Report – 10/24/2012

FED ANNOUNCEMENT: QE3 WILL CONTINUE U.S. stocks dropped to a seven-week low following the end of a two-day Federal Reserve meeting to discuss economic strategy going forward. Few are surprised to learn that plans for indefinite monetary easing and near-zero interest rates until 2015 remain unchanged. "At first glance I don't see any surpris... Read More

Mid-Day Gold & Silver Market Report – 10/24/2012

CHINA’S GOLDEN INSIGHT; U.S. GROWTH STILL SLOW Gold has stayed relatively flat in the market today. The lull may be short lived based on what the U.S. Federal Reserve does in its two day meeting this week. It doesn’t seem to matter to China what the market is doing in the short term because all year they have been on a Gold buying spree. They have purchased 512 tons of Gold in the first eight months of this year alone. Because of China’s large foreign exchange reserve, it ha... Read More

Morning Gold & Silver Market Report – 10/24/2012

GOLD FACES THE EUROZONE’S NEGATIVE NEWS The price of Gold has seemed to lose its momentum after the credit ratings of five Spanish regions were downgraded yesterday, which pushed the euro and Gold down. The U.S. dollar is stronger today after Germany's business sentiment dropped for the sixth consecutive month, reflecting a weaker economy. Jeremy East at Standard Chartered believes the yellow metal is be... Read More

Closing Gold & Silver Market Report – 10/23/2012

GOLD STAYS DOWN; MONETARY EASING DEVELOPMENTS Gold has seen a significant dip in price today. With any strong movement in prices there is usually an underlying cause, and today that has been the struggles of the European economy. Spain has had their credit rating downgraded and has fallen behind in their debt reduction plans. The news has caused the euro to lose value and in turn has added value to the U.S. dollar. Read More

Mid-Day Gold & Silver Market Report – 10/23/2012

CHINESE ECONOMY LAGS; IRAN TRADING GOLD TO AVOID SANCTIONS? Gold prices continue to give ground through midday trading as soft corporate earnings and Spanish credit downgrades undercut the euro and U.S. stock markets. Gold bullion, which is seen as an inflation hedge, has pierced below its 50-day moving average. “It feels like deflation is now back in, and the quantitative easing is not going to help out the... Read More

Morning Gold & Silver Market Report – 10/23/2012

HEAD OF BANK OF ISRAEL SEES GLOBAL RECESSION Precious Metals prices are being dragged down by the euro, even as U.S. stock market indexes are falling. The credit ratings of five Spanish regions were downgraded, hurting the euro’s price. Deutsche Bank analyst Daniel Brebner said, “You’ve had QE priced in and what we’re seeing now is a bit of at retraceme... Read More

Closing Gold & Silver Market Report – 10/22/2012

GOLD MOVES AHEAD OF FED MEETING; GREECE REBUILDING CONFIDENCE Gold is slowly climbing today ahead of tomorrow’s Federal Reserve meeting. There is no expectation of further easing after the recent launch of QE3, in which the Fed announced it would buy mortgage backed securities at a rate of $40 billion per month. The meeting will provide details on how the... Read More

Mid-Day Gold & Silver Market Report – 10/22/2012

GOLD HIGHER AFTER TWO WEEKS OF LOSSES; INVESTORS AWAIT GLOBAL POLITICAL ACTION Gold is trading modestly higher today following a week of hefty losses. “Gold is hanging in a trading range with a slight upward slant with bargain hunters buying ahead of a two-day [Federal Open Market Committee] meeting this week,” said Jeffrey Wright, a mana... Read More

Morning Gold & Silver Market Report – 10/22/2012

GOLD & SILVER REBOUNDING OFF MORNING DIPS Friday’s disappointing corporate earnings drove stock prices down more than 200 points and took Gold prices down 1.8 percent as investors sought the safety of the U.S. dollar. This morning, the U.S. dollar is down allowing Gold prices to move up off morning lows. Gold may also be getting support out Europe, as Spain’s Prime Minister ... Read More

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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