Our Daily Gold & Silver
Market Reports

Mid-Day Gold & Silver Market Report – 5/8/2012

EUROZONE CRISIS REARS ITS HEAD AGAIN Precious Metals prices have been down throughout the morning trading session, largely on technical selling and the growing European Union debt crisis. The euro is trading at its lowest levels since January. The uncertainty has led to a rise in strength of the United States dollar. Daniel Smith of Standard Chartered said, “What we’ve seen in recent weeks is rallies have been increasingly weaker on the upside, and that is a warning that we are goi... Read More

Morning Gold & Silver Market Report – 5/8/2012

HEDGE FUND MANAGER: BEWARE ‘TAXMAGEDDON!’ Precious metals and stocks across the globe are trading lower this morning amid the renewed concerns in Europe.  Mike McCudden of Interactive Investor explained, “With the sight of yet more roadblocks on the road to recovery for the euro zone, investors hoping for some positive surprises ... Read More

Closing Gold & Silver Market Report - 5/7/2012

‘GOLD BUGS’ FAVOR THE PRECIOUS YELLOW ASSET   Investors are aware that Gold is a safe haven, but Warren Buffett, a well-known American business magnate, has made it apparent he does not invest in Precious Metals. However, Michael Pento, founder of Pento Portfolio Strategies, gave some interesting facts regarding why “Gold bugs” are choosing the alternative asset rather than following advice from Warren Buffett or Bill Gates. Pento said, “The stock market has gone ... Read More

Morning Gold & Silver Market Report – 5/7/2012

GREEK, FRENCH ELECTIONS SEND EURO, GOLD LOWER   Precious Metals prices were lower, along with stocks, around the globe. The dollar was up, thanks to investors fleeing the euro in search of safety. Weekend elections in the eurozone have many investors concerned. Elections in Greece and France showed a lack of acceptance of needed austerity mea... Read More

Closing Gold & Silver Market Report – 5/4/2012

PRECIOUS METALS RISE AS OIL AND JOBS DATA DISAPPOINT Precious metals are up in afternoon trading. Gold in particular is up after the rather disappointing non-farm payroll report was released. The weaker economy spurs thoughts of possible quantitative easing being back on the table. Fed Chairman Ben Bernanke "had said QE3 is going to be dependent on the incoming data. Next time when he speaks he's going to reemphasize that the Fed is willing to do more," said Axel Merk. He... Read More

Mid-Day Gold & Silver Market Report - 5/4/2012

FISCAL POLICY CRUCIAL IN AMERICAN RECOVERY    Precious Metals prices were slow to move in this morning’s trading. The goal of creating 170,000 jobs for April was not reached, as an employment report earlier today showed only 119,000 jobs had been added. Addressing America’s economy, Robin Bhar at Societe Generate said, “The numbers were less than consensus but beat some more bearish expectations. The $64 million question is what it means for quantitative easi... Read More

Morning Gold & Silver Market Report – 5/4/2012

JOB NUMBERS DISAPPOINT; GREECE IN TROUBLE AGAIN   Precious Metals prices recovered from early losses this morning after the release of April’s employment report by Automatic Data Processing Inc. The report showed that the economy added 119,000 jobs in April, while economists had anticipated the addition of 160,000 jobs... Read More

Mid-Day Gold & Silver Market Report – 5/3/2012

ECB RECOVERY FALTERING; U.S.A.–CHINA STRAIN CONTINUES   Precious metals prices were lower this morning, as better-than-expected jobs data was released, and the euro’s value dropped on renewed sovereign debt crisis concerns. In a note to its investors, Natixis said, “Since the beginning of the year, mint sales in the United States have dropped considerably, indicating a disinterest in the metal on behalf of American retail investors. China’s two principal... Read More

Morning Gold & Silver Market Report – 5/3/2012

POLL SHOWS SAFEST LONG-TERM INVESTMENT IS GOLD   The Gold price is continuing its trend of inversely tracking the American dollar this morning. The dollar is up due to a better-than-expected jobless claims report and less-than-stellar news out of Europe, which is holding the euro in place. While the four-week moving av... Read More

Closing Gold & Silver Market Report - 5/2/2012

MARKET NOT SURE HOW TO REACT; GOOD NEWS FOR GREECE   As active members of the Federal Open Market Committee shared their thoughts about the American economy and Gold demand decreased in India, the yellow metal took a step back in price this week. India has imported 90 tons less in April than it had the same time last year. The number of jobs that were created by American employers was less than expected. Frank McGhee at Integrated Brokerage Services, LLC... Read More

Morning Gold & Silver Market Report – 5/2/2012

JOB CREATION WEAKER THAN EXPECTED; CHINA DEMANDS APOLOGY      Precious metals have remained relatively steady in overnight trading. Stock markets are down on less-than-stellar jobs data. A popular topic among investors is the steadiness that precious metals prices have had over the past few days and weeks. One metals strategist said, “Gold will probably be sitting in limbo for a... Read More

Closing Gold & Silver Market Report - 5/1/2012

METALS SHOW LITTLE MOVEMENT; FED OFFICIALS RAISE CONCERNS           Precious metals prices have remained steady in afternoon trading, as the majority of world markets are closed in observance of May Day. United States manufacturing data released today is still a plus in the eyes of investors; stock markets were up, but metals remained relatively flat. Read More

Mid-Day Gold & Silver Market Report – 5/1/2012

PRECIOUS METALS PRICES STABLE; MANUFACTURING INDEX HIGHER      Precious metals prices remained relatively stable through morning trading. The dollar rallied on better-than-expected manufacturing data. The inverse relationship between the dollar and Gold continues. The better results dampen any expectations of further quantitative easing measures in the near term, which stabilizes Gold prices. HSBC analyst James Steel said, “The bullion mar... Read More

Morning Gold & Silver Market Report – 5/1/2012

ECONOMIC DATA IN FOCUS; ECONOMIST BLASTS FEDERAL RESERVE   All eyes are on economic data today. As investors await the reports, the dollar is down, so Gold and Silver prices are on the upswing.  A key U.S.A. manufacturing index is set for release at 10 a.m. (EDT), and economists expect a slight drop to 53.3 percent. A read... Read More

Closing Gold & Silver Market Report - 4/30/2012

SPAIN URGED TO RESTRUCTURE NOW; AMERICA IN ‘LATE GREAT DEPRESSION’   Gold’s price recovered from early losses today as the focus in the eurozone debt crisis shifted to Spain. The financial circumstances surrounding Europe and the United States are looking optimistic for the Gold price, analysts said. “Investors will continue to seek refuge in its safe-haven status. Standard and Poor's cut the top-notch credit rating for the U.S. The debt crisis app... Read More

Morning Gold & Silver Market Report – 4/30/2012

GOLD, SILVER PRICES DROP SHARPLY   Stock futures were unchanged, while the precious metals markets turned sharply lower in morning trading. The news that the Spanish economy is officially in a recession certainly puts a damper on the markets. Austerity programs and spending cuts make it unclear when the economy might ever begin to turn around. Spain is the eurozone’s fourth-largest economy, and it is un... Read More

Closing Gold & Silver Market Report – 4/27/2012

GOLD, SILVER CLOSE WEEK ON HIGH NOTE   While many investors might have anticipated a retreat in Gold and Silver prices, this week ended on an up note, and many people believe that is an indicator of things to come. The situation in Europe is truly turning for the worse, as Spain’s woes would seem too big for the European Union to bail out. This writer wou... Read More

Morning Gold & Silver Market Report – 4/27/2012

GDP MISSES EXPECTATIONS IN AMERICA; SPAIN IN ‘HUGE’ CRISIS    Another day, another round of disappointing economic data in the United States. After 3 percent economic growth in the fourth quarter of 2011, 2012’s first quarter saw growth of just 2.2 percent. Stock futures and precious metals reversed course after the release of the report, with stock futures giving up gains and Gold all bu... Read More

Mid-Day Gold & Silver Market Report - 4/26/2012

U.S.A. JOB MARKET INCONSISTENT; ECONOMIC CONFIDENCE IN EUROZONE DROPS   The thought of further economic stimulus in the United States is frightening to some, but may be needed to ensure a boost to the financial system. Unsatisfactory jobless claims reported this morning has pushed the Gold price up and the U.S.A. dollar down, as they usually have a negative correlation with one another. James Cordier at OptionSellers.com said, “The Read More

Morning Gold & Silver Market Report – 4/26/2012

JOBLESS CLAIMS LIFT METAL PRICES; ANSWER TO EUROZONE CRISIS IS SIMPLE   Precious metals are rebounding this morning as the dollar hit a three week low, and new unemployment claims missed expectations again. The Federal Reserve meeting Wednesday seemed to help the eurozone more than the American economy. Credit Suisse analyst Tom Kendall said,... Read More

Closing Gold & Silver Market Report - 4/25/2012

DOZEN COUNTRIES HIKE GOLD RESERVES IN MARCH, STATS SHOW   Gold’s price moved slightly once the Federal Reserve’s statement was released at 12:30 p.m. (EDT). The statement said economic growth is moderate, and housing is lingering at a depressed level. However, Gold regained strength and is now stable. The International Monetary Fund reported its latest statistics, which show that at leas... 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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