Our Daily Gold & Silver
Market Reports

Mid – Day Gold & Silver Market Report – 10/27/2010

At 12PM (CT) the APMEX spot prices were: Gold - $1,323.80 Silver - $23.53 Platinum - $1,677.70 Palladium – $621.20   COMMENTARY:Stocks, commodities and Treasury bonds are all sharply down this morning, on concerns that the November Federal Reserve QE will be much less aggressive than expected. The US dollar has been rising on this same speculation.  The US stock market is in a triple digit decline. Glo... Read More

Morning Gold & Silver Market Report – 10/27/2010

At 8AM (CT) the APMEX spot prices were: Gold price - $1,329.60 Silver price - $23.65 Platinum price - $1,696.50 Palladium price – $623.00   COMMENTARY: World equity and precious metals markets were mostly down in overnight trading. Both markets have priced in an aggressive stimulus program by the Federal Reserve in November, but views are emerging that measures may be less than expected. Gold spot price is ... Read More

Closing Gold & Silver Market Report – 10/26/2010

At 4PM (CT) the APMEX spot prices were: Gold - $1,341.50 Silver - $23.91 Platinum - $1,706.00 Palladium - $630.80   COMMENTARY:Today was a day of choppy trading in both the equity and precious metals markets. Early in the day, indicators pointed to an increase in consumer confidence and then housing prices in 20 US cities rose less than forecasted and consumer confidence drops. This is a market looking for dire... Read More

Mid-Day Gold & Silver Market Report – 10/26/2010

At 12 PM (CT) the APMEX spot prices were: Gold - $1,339.90 Silver - $23.87 Platinum - $1,1703.60 Palladium - $627.50   COMMENTARY:The Bombay Bullion Association is reporting that Indian gold-jewelry demand is holding up despite higher gold prices. The Commerzbank is citing data that China was a net importer of silver in September, although it is the world’s third-largest silver producer. Gold and silver pri... Read More

Morning Gold & Silver Market Report – 10/26/2010

At 8AM (CT) the APMEX spot prices were: Gold - $1,334.90 Silver - $23.38 Platinum - $1,698.50 Palladium - $609.00   COMMENTARY:The US Dollar is up moderately against most rivals in morning trading.Many analysts see the dollar stabilizing in the short term because the effect of the expected quantitative easing is already built into the price structure. The one exception was the British pound, which surged on... Read More

Closing Gold & Silver Market Report – 10/25/2010

At 4PM (CT), the APMEX spot prices were: Gold - $1,340.20 Silver - $23.68 Platinum - $1,701.00 Palladium - $612.00   COMMENTARY: The US Dollar continues to be the driving factor in the price of gold and other precious metals. The chatter around the G20 will fade quickly, as the market is more interested in upcoming US Elections and Quantitative Easing. Palladium is on a role and could extend the 9-year high... Read More

Mid – Day Commentary – 10/25/2010

At 12PM (CT) the APMEX spot prices were: Gold - $1,336.30 Silver - $23.52 Platinum - $1,695.90 Palladium - $611.00   COMMENTARY:The price of gold, silver, platinum and palladium have retreated from earlier morning highs, but gains are still substantial. Gold spot is up $10.70 – Silver spot price up 38 cents – Platinum spot up $21.80 = Palladium spot up $17.90. Good news - existing home sales rose 10%, which... Read More

Morning Commentary – October 25, 2010

At 8AM (CT) the APMEX spot prices were: Gold - $1,346.50 Silver - $23.82 Platinum - $1,703.10 Palladium - $613.90   COMMENTARY: The Finance Ministers at the G20 were quick to toast to a successful meeting, but at best, there appears to be an uneasy truce. You can find comments that progress was made and you can find disappointment that substantive measures were not adopted. The United States and China remai... Read More

Closing Commentary – 10/22/2010

As of 4PM (CT) the APMEX spot prices were: Gold - $1,329.00 Silver - $23.31 Platinum - $1,679.00 Palladium - $594.00   COMMENTARY: The US Dollar strengthened this week, pressuring gold to a six week low. However, we did see a slow rebound in prices during the afternoon, as all indicators from the G20 say that the currency wars are not going to end anytime soon. Gold is up over $5 in afternoon trading – Silv... Read More

Mid – Day Commentary – 10/22/2010

At 12PM (CT) the APMEX spot prices were: Gold - $1,323.70 Silver - $23.13 Platinum - $1,674.90 Palladium - $593.10   COMMENTARTY: The US Equity and world metals markets have both drifted slightly lower during the morning. News from the G20 meeting continues to portray a strong division in the support of the proposals laid forth from Mr.Geithner. China has made it clear that they are unwilling to to agree to... Read More

Morning Commentary – 10/22/2010

At 8AM (CT) the APMEX spot prices were: Gold - $1326.00 Silver - $23.20 Platinum - $1674.00 Palladium - $585.50   COMMENTARY: The US Dollar has shown some weakness Friday morning, which curbs selling pressure as we move into the new trading session. At the G – 20 meeting, Tim Geithner’s proposal, aimed to drive up world currencies has been met with immediate resistance.  Japan’s Finance Minister expres... Read More

Closing Commentary – 10/21/2010

At 4PM (CT) the APMEX spot prices were: Gold - $1,328.80 Silver - $23.23 Platinum - $1677.00 Palladium - $589.80   COMMENTARY:The US Dollar rebounded sharply today, which created pressure to capture profits in the precious metals markets.Precious metals were down across the board. A strong sell off in crude oil future prices only exacerbated the situation. We need to pay close attention to the G-20 meeting ... Read More

Mid-Day Commentary – 10/21/2010

At 12PM (CT) the APMEX spot prices were: Gold - $1,323.30 Silver - $23.24 Platinum - $1,670.70 Palladium - $590.00   COMMENTARY: The Washington Post reported this morning that the federal bailout for Fannie Mae and Freddie Mac, could more than double in size the next three years, which could cost the taxpayers as much as $215 billion dollars. The Equity Markets (which had been climbing) and the Precious Met... Read More

Morning Commentary – 10/21/2010

At 8AM (CT) the APMEX spot prices were: Gold - $1,340.60 Silver - $23.76 Platinum - $1,673.30 Palladium - $596.50   COMMENTARY: Precious metals were relatively quiet overnight before drifting downwards this morning. The US Dollar continues to retreat and has more than given back Tuesday’s gains. As you would expect, the equity markets rebounded as the US Dollar fell, recovering most of their losses. Althoug... Read More

Closing Commentary – 10/20/2010

At 4PM (CT) the APMEX spot prices were: Gold - $1,346.60 Silver - $23.99 Platinum - $1,686.10 Palladium – $591.00   COMMENTARY: The US Dollar continued its decline giving up yesterday’s gain and dropping to a 15-year low versus the Yen. The Federal Reserve regional survey showed a very “modest” expansion in September, which fuels speculation that the central bank will increase quantitative easing. In a CNBC... Read More

Mid – Day Commentary – 10/20/2010

At 12PM (CT) the APMEX spot prices were: Gold - $1,347.40 Silver - $23.89 Platinum - $1,686.50 Palladium - $592.50   COMMENTARY: The Atlanta Fed President, Dennis Lockhart, indicated that further monetary stimulus might take the form of 100 million dollars per month bond buys. In a CNBC interview he stated, “if we are going to pursue another round of quantitative easing, it has to be a large enough number t... Read More

Morning Commentary – 10/20/2010

At 8AM (CT) the APMEX spot prices were: Gold - $1,337.50 Silver - $23.67 Platinum - $1,672.00 Palladium - $581.60   COMMENTARY: Gold prices dropped by 2.5% on Tuesday, its biggest one day loss since July 1, however buyers stepped in overnight and gold is up $5 since yesterday’s closing commentary. Silver is up 28 cents; Platinum $6 and Palladium is up $9. THE US Dollar has weakened in early morning trading ... Read More

Closing Commentary – 10/19/2010

At 4PM (CT) the APMEX spot prices were Gold - $1,332.30 Silver – $23.39 Platinum - $1,666.50 Palladium - $572.40   COMMENTARY: The day brought two surprises. First, the unexpected announcement that China was raising its lending rates by .25% thus driving up the price of the dollar, and then the eight firms suing Bank of America for 47 billion dollars over failures related to mortgage securities. These two a... Read More

Mid-Day Commentary – 10/19/2010

At 12PM (CT) the APMEX spot prices were: Gold -  $1,341.80 Silver - $23.93 Platinum – $1,675.50 Palladium - $580.00   COMMENTARY:All metal prices have stabilized after a strong retreat overnight. This can be attributed to profit taking as well as to a strong reaction to the unexpected announcement out of China to raise its lending rates by .25%.  The Chinese news did spur a rally in the US Dollar.... Read More

Morning Commentary – 10/19/2010

At 8AM (CT) the APMEX spot prices were: Gold - $1,347.10 Silver - $23.79 Platinum - $1,674.70 Palladium - $574.50   COMMENTARY – The US Dollar regained a bit of strength overnight, causing the precious metals prices to soften. US Treasury Secretary Tim Geithner said that confidence in the Dollar is paramount. Although a steady US Dollar is a negative for Gold, the basic US economic fundamentals have not cha... Read More

Closing Commentary – 10/18/2010

At 4PM (CT) the APMEX spot prices were: Gold - $1,369.30 Silver - $24.39 Platinum - $1,695.00 Palladium - $590.50   COMMENTARY – Although the market retreated slightly from the Mid-Day highs, it rebounded strongly from the Morning lows. Gold was in demand from buyers who believe that it is a bargain at these price levels.  Gold prices are up 9% since September and more than 22% this year alone. Read More

Mid-Day Commentary – 10/18/2010

At 12PM (CT) the APMEX spot prices were: Gold - $1,372.80 Silver - $24.44 Platinum - $1,695.50 Palladium - $589.00   COMMENTARY – After a strong sell-off overnight in Europe, Gold prices rebounded a bit as bargain hunters bought Gold in anticipation of further gains. Prices moved upwards through the mid-day point. Demand across the board for all precious metals was brisk. Read More

Morning Commentary – 10/18/2010

At 8AM (CT) the APMEX spot prices were: Gold - $1,363.50 Silver - $24.13 Platinum - $1,682.50 Palladium - $584.00 COMMENTARY -  The US Dollar rebounded overnight in Europe against other currencies, sending the price of Gold downward. The US Dollar’s strength is not a sign of US long-term economic good health; the market believes this to be more of a correction. Gold seems to be taking its direc... Read More

Closing Commentary – 10/15/2010

AT 4PM (CT) the APMEX spot prices were: Gold - $1,369.00 Silver – 24.33 Platinum – 1,696.30 Palladium – 593.50   COMMENTARY – After starting off in positive territory, the precious metal market gave back most of its progress. Prices retreated on widespread profit-taking and pronouncements coming from the Federal Reserve Bank Chair Ben Bernanke. Although the stock market ended the week higher, it, too, was down ... Read More

Mid-Day Commentary – 10/15/2010

At 12PM (CT) the APMEX spot prices were: Gold - $1,373.30 Silver - $24.42 Platinum - $1,699.00 Palladium - $592.30   COMMENTARY – Precious Metal prices are still higher than they were at the Morning Commentary but are trending weaker as we hit mid-day. Fed Chairman Ben Bernanke spoke in Boston this morning and stated that there “would appear to be a case for further action.” The markets interpreted that th... Read More

Morning Commentary – 10/15/2010

At 8AM (CT) the APMEX spot Prices were: Gold - $1,370.50 Silver -    $24.35 Platinum - $1,694.10 Palladium - $597.10   COMMENTARY – Precious Metal prices fluctuated overnight and are opening cautiously this morning. Meeting in Boston today, Fed Chairman Ben Bernanke stated that the Federal Reserve is prepared to take action because they believe that inflation is too low and that unemployment ... Read More

Closing Commentary – 10/14/2010

At 4PM (CT) the APMEX spot prices were: Gold - $1,382.20 Silver - $24.66 Platinum - $1,715.30 Palladium - $605.60   COMMENTARY – Although Gold and Silver did not trade above the highs hit overnight, the spot prices did end up higher than they began the day’s trading. All 4 metals were very active. There was a late day rally in the US Dollar and the Dow Jones Industrial Average rose a bit to end the day down onl... Read More

Mid–Day Commentary – 10/14/2010

At 12PM (CT) the APMEX spot prices were: Gold - $1,374.40 Silver - $24.46 Platinum - $1,712.50 Palladium - $603.40   COMMENTARY – Gold prices were fairly stable this morning and trading has been very active. Silver, Platinum and Palladium are all a few ticks higher than at the open. The precious metal market did not continue last night’s strong surge upward because of activity in the currency exchange marke... Read More

Morning Commentary – 10/14/2010

At 8AM (CT) the APMEX spot prices were: Gold - $1,377.90 Silver - $24.38 Platinum - $1,711.50 Palladium - $601.00   COMMENTARY – Overnight, Gold prices reached new all-time highs with gold spot rallying to $1,388.20 per Troy Ounce. Silver also showed remarkable strength climbing to a 30-year high of $24.94. One of the factors continuing to push precious metal prices higher is that the US Dollar index, a mea... 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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