Our Daily Gold & Silver
Market Reports

Morning Gold & Silver Market Report, 9/7/2012

PRECIOUS METALS PRICES RISE ON WEAK JOBS REPORT   Precious Metals prices were reacting to this morning’s United States nonfarm jobs report that showed 96,000 jobs were created in August. The number was disappointing because it fell short of the 125,000 that had been expected. This news was bullish for Gold and boosted the possibility of finan... Read More

Closing Gold & Silver Market Report, 9/06/2012

GOLD STILL FIRM ON ECB COMMENTS; LABOR REPORT LOOMING     Gold’s early session gains were pared as several good economic reports increased doubts about seeing any economic stimulus in the short term. Payroll processor ADP reported positive employment numbers, and the United States Labor Department said first time unemployment claims fell to their lowest number since mid July. The Labor Department will release its official report Friday. Depending on ... Read More

Mid-Day Gold & Silver Market Report, 9/6/2012

POSITIVE DATA FROM U.S. AND NEWS FROM ECB MOVE STOCKS/GOLD PRICES HIGHER U.S. stocks are up today following positive economic reports and news about the European Central Bank’s (ECB) unlimited bond-buying program. Information showing growth in the U.S. services sector – as well as in employment and exports – coincided with the ECB’s announcement, and this has drive... Read More

Mid-Day Gold & Silver Market Report, 9/6/2012

POSITIVE DATA MOVE STOCKS, GOLD HIGHER   American stocks were up today, following positive economic reports and news about the European Central Bank’s (ECB) unlimited bond buying program. Information showing growth in the United States services sector, as well as in employment and exports, coincided with the ECB’s announcement, and this has driven the Read More

Morning Gold & Silver Market Report, 9/6/2012

ECB TO BUY SOVEREIGN BONDS   “The euro is irreversible,” said Mario Draghi, European Central Bank president, as he announced a bond buying program at a news conference in Frankfurt. The program is called MOT, or Monetary Outright Transactions. MOT will focus on the secondary sovereign bond market, where Draghi said it is necessary to deal with “severe” distortions in those bond markets. Read More

Closing Gold & Silver Market Report, 9/5/2012

MARKET QUIET AHEAD OF ECB MEETING; AUTHOR SEES ZERO GROWTH FOR CHINA   Gold and Silver prices showed little movement Wednesday. The markets are speculating that an unlimited bond buying program may be announced at the European Central Bank’s policy meeting Thursday. The assumption is that the ECB will have many options to present to the Governing Council to consider, but there is no guarantee any of the... Read More

Mid-Day Gold & Silver Report, 9/5/2012

GOLD WAITS FOR NEWS, MORE REASONS FOR EASING   The Gold price has stayed even for most of today. After a boost last week from the talk of monetary easing by the United States Federal Reserve, this week is no different. The pause in the market is due to the impending European Central Bank meetings and the release of important econom... Read More

Morning Gold & Silver Market Report, 9/5/2012

EUROZONE INDEX INDICATES UPCOMING RECESSION   American stock futures and Precious Metals are down this morning, as news out of Europe disappointed investors. The eurozone purchasing managers’ index declined in July, further indicating a recession is likely soon in the region. Rob Dobson, senior economist at Markit, said, “... Read More

Closing Gold & Silver Market Report, 9/4/2012

QUANTITATIVE EASING TALK PUSHES GOLD HIGHER   The Gold price rose to a five month high today on quantitative easing news out of Europe and the United States. James Steel of HSBC said that “it’s the avalanche of money argument” in regards to Precious Metals’ gains recently. Andrey Kryuchenkov of VTB Capital said, “All that promise (of quantita... Read More

Mid-Day Gold & Silver Market Report, 9/4/2012

GOLD PRICE KEEPS RISING; EUROPE IN SPOTLIGHT   Prices for Gold and other Precious Metals had big gains last week due to the United States Federal Reserve meeting and the probability of another round of monetary easing. This week started off with the same rise in prices, and monetary easing continues to be the reason. However, the locale has shifted to Europe, with meetings... Read More

Morning Gold & Silver Market Report, 9/4/2012

GOLD PUSHES TOWARD $1,700; SILVER ABOVE $32   Comex Gold futures are slightly higher this morning, setting new five month highs. Gold and Silver prices shot upward after Federal Reserve Chairman Ben Bernanke seemed to open the door to QE3 in his speech at Jackson Hole, Wyo., last week. Now, markets are focused on th... Read More

Closing Gold & Silver Market Report, 8/31/2012

FED CHAIRMAN’S ‘GRAVE CONCERN’ STATEMENT SENDS GOLD, SILVER CLIMBING   In his speech from Jackson Hole, Wyo., on Friday morning, Federal Reserve Chairman Ben Bernanke said, “The stagnation of the labor market is a particularly grave concern because persistently high levels of unemployment will wreak structural damage on our economy tha... Read More

Mid-Day Gold &Silver Market Report, 8/31/2012

FED CHAIRMAN GIVES CLEAR SIGNAL FOR QE3   The much anticipated Jackson Hole, Wyo., speech took place this morning, with Federal Reserve Chairman Ben Bernanke giving indications that the Fed will soon embark on another round of bond buying, otherwise known as quantitative easing (QE). “It is important to achieve further pro... Read More

Morning Gold & Silver Market Report, 8/31/2012

FED CHAIRMAN SET TO SPEAK; SHOULD EUROZONE LOOK AT GOLD DIFFERENTLY? U.S. stock futures and Precious Metals are enjoying a boost this morning in anticipation of Federal Reserve Chairman Ben Bernanke’s speech at Jackson Hole, Wyo., set to begin at 10 a.m. (EDT). Many investors are expecting Bernanke to strongly hint about a new r... Read More

Closing Gold & Silver Market Report, 8/30/2012

SEPTEMBER USUALLY EVENTFUL FOR FINANCIAL MARKETS   Investors are patiently waiting to see if Federal Reserve Chairman Ben Bernanke will announce a stimulus plan to boost the American economy when he speaks Friday from Jackson Hole, Wyo. The sentiment is mixed whether the Fed is set to launch another round of quantitative easing or continue to postpone further measures. “ Read More

Mid-Day Gold & Silver Market Report, 8/30/2012

GOLD DIPS ON FED EXPECTATIONS; CONSUMERS SPENDING MORE   Precious Metals prices were down across the board at midday, moved partially by growing sentiment that the Federal Reserve may not announce the expected monetary measures the markets are looking for. Another round of monetary easing is seen as being a strong positive for Gold. “The stock market is at four year highs, Read More

Morning Gold & Silver Market Report, 8/30/2012

METALS FLAT AFTER BENIGN JOBLESS REPORT   Precious Metals are mostly flat this morning as the release of the weekly jobless claims report has had little effect on Gold and Silver. The four week moving average of new claims rose by 1,500, while the week to week change was flat. The main focus of the markets continues to... Read More

Closing Gold & Silver Market Report, 8/29/2012

HOW WILL FED REACT TO AMERICAN ECONOMY’S GROWTH?    Investors are concerned about how the Federal Reserve might react to the reported 1.7 percent growth in the American economy from April through June. The Fed stated today that the economy has continued to improve gradually from July into August, based on positive data reported in housing and retail sales. James Kee at South Texas Money Management understands that the Fed has boundaries. He sa... Read More

Mid-Day Gold & Silver Market Report, 8/29/2012

GOLD PRICE HOVERS; AMERICA’S ECONOMY KEEPS PACE      The Gold price has been mostly flat this week in anticipation of the United States Federal Reserve possibly giving some direction to the market. This week’s meeting in Jackson Hole, Wyo., has been the center of attention for economists. On Friday, Fed Chairman Ben Bernanke will address th... Read More

Morning Gold & Silver Market Report, 8/29/2012

GOLD, SILVER FLAT AS JACKSON HOLE SPEECH LOOMS   Gold and Silver prices are mostly flat this morning ahead of the Jackson Hole Economic Symposium to be held later this week. Though European Central Bank President Mario Draghi has bowed out of the event, all eyes are still on the Federal Reserve and whether Chairman Ben Bernanke wil... Read More

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

METALS PRICES PULL BACK; WILL ALL CENTRAL BANKS ANNOUNCE STIMULUS?   Growing concerns that the Federal Reserve will postpone stimulus measures for the United States economy have had a direct effect on Gold, as the metal’s price dropped for the day. Referring to the Federal Reserves upcoming summit in Jackson Hole, Wyo., Frank McGhee at Integrated Brokerage Services LLC said, “ 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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