Our Daily Gold & Silver
Market Reports

Morning Gold & Silver Market Report, 8/2/2012

ECB ANNOUNCEMENT, FED MEETING DISAPPOINT MARKETS   American stock futures gave up some early gains after the European Central Bank (ECB) announced that eurozone interest rates will remain the same. While many economists said this would be the case, it seems investors were hoping for more. ECB President Mario Draghi ... Read More

Closing Gold & Silver Market Report, 8/1/2012

FED HOLDS STEADY; PRECIOUS METALS PRICES DIP      Precious Metals prices took a blow today as the United States Federal Reserve decided against any action to stimulate the economy at this time. The Federal Reserve is only one part of the monetary puzzle, so to speak, as the European Central Bank and the Bank of England are set t... Read More

Morning Gold & Silver Market Report, 8/1/2012

JOBS REPORT BETTER THAN EXPECTED; METALS PRICES DOWN   Precious Metals, stock markets, and currency trades alike were relatively flat this morning. The markets all seem to be waiting for a decision from the United States Federal Reserve at the conclusion of a two day policy meeting today. A big decision, such as a third round of q... Read More

Closing Gold & Silver Market Report, 07/31/2012

FED MEETS TODAY, BUT LOOK TO JACKSON HOLE FOR BIG NEWS   The Federal Reserve’s policy setting commission, the Federal Open Market Committee, is meeting in Washington today and tomorrow. Of course, the Internet is buzzing with speculation about a possible announcement of a new stimulus program. However, most analysts are looking to the Fed’s annual symposium in ... Read More

Morning Gold & Silver Market Report, 7/31/2012

FED POLICY MEETING SET TODAY; GOLD HOLDING FIRM   Precious Metals prices remained even in overnight trading, ahead of the start of a two day United States Federal Reserve policy meeting. The main area of focus remains the eurozone and possible quantitative easing domestically. There is a growing feeling among investors that there will be action taken on both fronts. Regarding quantitative easing, HSBC wrote in a note to investors, “Some of the tools the ... Read More

Closing Gold & Silver Market Report, 7/30/2012

TWO CONCERNS FOR EUROZONE: FUTURE AND CURRENCY   Gold’s price has maintained a slow increase today, as the main focus continues to be how the Federal Reserve plans to rebuild America’s financial system. Matt Zeman at Kingsview Financial said, “It is all going to ride on central bank action this week. Markets were quiet as traders were waiting to see whether the Federal Reserve and the European Central Bank will announce any measures when they meet ... Read More

Morning Gold & Silver Report, 7/30/2012

GOLD PRICE SLIGHTLY LOWER IN OVERNIGHT TRADING   Gold and equity markets are both poised to advance in the event that European leaders announce a plan to bail out Spain and curb further contagion. Spain has requested further eurozone support in buying its sovereign debt. Germany continues to be resistant to this notion, and this sets up a clash of wills as German finance officials prepare to meet with U.S. ... Read More

Closing Gold & Silver Market Report, 7/27/2012

GOLD CLOSES AT HIGHEST PRICE IN FIVE WEEKS  Gold closed the trading week at its highest price in five weeks on strong words from European leaders and anticipation of fiscal stimulus by the United States Federal Reserve. “It seems the ECB is pulling out at all stops to protect the euro,” said William O’Neill, a partner at ... Read More

Mid-Day Gold & Silver Market Report, 7/27/2012

GDP GROWTH HITS LOWEST LEVEL IN 2012; GOLD HOLDS STEADY   Precious Metals remained relatively steady through the morning trading period. There was some movement, and any gains were suppressed by the less than impressive GDP report and a weakening dollar. Strategist Walter de Wet said, “Gold has stabilized since the GDP data. There’s fairly good demand, some buying on the dips, but I doubt it w... Read More

Morning Gold & Silver Market Report, 7/27/2012

BETTER THAN EXPECTED GDP HOLDS BACK GOLD PRICE   American stock futures rose this morning ahead of the second quarter gross domestic product (GDP) estimate release. Economists predicted a rise of 1.3 percent in the GDP, and the actual number was slightly higher than expected at 1.5 percent. Though the number was better than expected, the... Read More

Closing Gold & Silver Market Report, 7/26/2012

CENTRAL BANKERS GETTING CREATIVE WITH NEW STIMULUS IDEAS   Policy making committees of three of the world’s largest central banks will be meeting independently to discuss new ways of spurring economic growth and steering their domains away from the many icebergs threatening to sink the world into a double dip recession. The United States Federal Reserve, Bank of England, and European Central Bank will all meet on the same day, and each will have its own ... Read More

Morning Gold & Silver Market Report, 7/26/2012

ECB PRESIDENT’S COMMENTS BOOST EURO, GOLD   Uplifting comments from European Central Bank President Mario Draghi have boosted the euro for the second straight day, and Gold is following suit. BNP Paribas analyst Anne-Laure Tremblay said that positive news from the eurozone may not be the only thing supporting the Gold price. “Yesterday’s move above $1,600 an ounce was driven by more positive s... Read More

Closing Gold & Silver Market Report, 7/25/2012

LIKELIHOOD OF EASING GROWS; HOUSING MARKET HIT AND MISS Precious Metals prices have rallied on quantitative easing talk domestically, as well as internationally. Gold in particular is continuing its upward movement as a result of the easing talk. DoubleLine Capital commodities manager Jeffrey Sherman said, “The Gold market has been looking for any hints of any quantitative easing program. You are seeing this Read More

Morning Gold & Silver Market Report, 7/25/2012

GOLD BOUNCES BACK ALONG WITH EURO   Gold is recovering from recent losses along with the euro this morning. A policymaker from the European Central Bank hinted that Europe’s rescue fund could get a banking license, allowing easy access to cheap funding from the ECB. While just a small mention from one policymaker, it has been enough to snap a five-day losing streak for the euro. German... Read More

Closing Gold & Silver Market Report, 07/24/2012

AMERICAN STOCKS SINK ON EUROPEAN FEARS   American stocks closed the day with a third straight loss of 100 points or more in the Dow Jones Industrial Average. Fears of European problems drove markets after Moody’s lowered the outlook on German and Dutch debt this morning. Germany, the strongest economy in the eurozone, has been seen as... Read More

Morning Gold & Silver Market Report, 7/24/2012

CREDIT OUTLOOK DIMS FOR GERMANY; U.S. FISCAL CLIFF LOOMS   Precious Metals continue to hold firm in the serious headwinds affecting other commodities markets. Gold in particular has been relatively range bound, but in the current market conditions that’s not an entirely bad thing. Analyst Hayden Atkins said, “Markets sold off really heavily yesterday, and Gold held up pretty well against that.... Read More

Closing Gold & Silver Market Report, 7/23/2012

PRECIOUS METALS VOLATILE ON EUROZONE WOES   Precious Metals remained volatile throughout the day’s market activity, primarily due to the rehash of the eurozone debt crisis afflicting Spain and Greece. The International Monetary Fund has stepped up efforts to get Greece back on track with a conference set for Tuesday. Precious Metals continue to hold at technical levels despite the concerns. Commodities broker Phillip Streible said, “When Gold gets down t... Read More

Morning Gold & Silver Market Report, 7/23/2012

EURO TANKS AS SPANISH, GREEK ISSUES RESURFACE   Renewed worries of a deepening eurozone debt crisis have sent the euro to a two year low against the American dollar, and Precious Metals are following the former downward. Jeremy Stretch of CIBC said, “What began as a Spanish banking bailout looks to be moving rather quickly towards a possible sov... Read More

Morning Gold & Silver Market Report, 7/20/2012

INVESTORS’ CAUTION WEAKENS DEMAND FOR GOLD   Precious Metals prices have deflated since Federal Reserve Chairman Ben Bernanke’s testimony earlier this week, but metals remain poised for the first overall weekly increase in about a month. Physical demand for Gold is still depressed by India’s currency issues and a weakening ETF market, as well. Analyst David Wilson said, “Given the collapse of ... Read More

Closing Gold & Silver Market Report, 7/19/2012

AMERICAN ECONOMY POISED FOR WEAK SECOND HALF OF 2012   It’s tough to find good news about the economy these days. Many economists say the American economy is poised for an anemic second half of the year. “We’ll have very slow growth,” said Joshua Shapiro, chief U.S. economist at Maria Fiorini Ramirez Inc. “The excess supp... Read More

Mid-Day Gold & Silver Market Report, 7/19/2012

GOLD, SPAIN FIND POSITIVE SUPPORT; HOUSING SALES DROP   The Gold price found some support and began to rise after yesterday’s testimony from Federal Reserve Chairman Ben Bernanke that further stimulus to boost the economy has been pushed to the side for now and possibly until after the 2012 presidential election. “I think this is why Gold, with the commen... 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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