Our Daily Gold & Silver
Market Reports

Morning Gold & Silver Market Report, 8/7/2012

BANKING TAKES ANOTHER DIRECT HIT; GOLD PRICE UP   Precious Metals prices were up again in early morning trading as the euro gained on the American dollar on the hope that the European Central Bank will step in with a quality easing plan. However, concerns persist over our own fiscal cliff and investor outlook for further Fed easing domestically. Analyst David Wilson hit on both concerns, saying, “It’s all about the exchange rates. Read More

Closing Gold & Silver Market Report, 8/6/2012

THE FUTURE WILL SHOW GOLD’S TRUE VALUE   Gold held on to price gains Monday. In a note, Credit Suisse explained how United States data ultimately affects the yellow metal. “Stronger economic data is a double-edged sword for Gold.” The note said the American dollar “tends to depreciate after good economic data due to reduced safe haven flows. Th... Read More

Morning Gold & Silver Market Report, 8/6/2012

REPORT PREDICTS GOLD TO RALLY ABOVE $1,900 IN 2012   A report from HSBC Bank states, “Economic uncertainty, geopolitical tensions and the uncertainty of the U.S. November elections are theoretically Gold bullish, and Gold should perform better later in the year when U.S. growth is poor and the dollar is weak.” The report further stated that “we expect prices to Read More

Closing Gold & Silver Market Report, 8/3/2012

GOLD PRICE RISES ON IMPROVED JOBS DATA   Precious Metals stayed in positive territory Friday based on the better than expected jobs report that was released earlier in the day. The news however was tempered by the fact that unemployment still remains relatively unchanged. Expectations continue to grow that further quantitative easing will likely occur in September. Trader Nicolas Berge said, “Even though the nonfarm payrolls beat the estimates, the unemp... Read More

Mid-Day Gold & Silver Market Report, 8/3/2012

GOLD PRICE RISES; CENTRAL BANKS’ ABILITIES QUESTIONED   Gold’s price began to ascend after positive numbers were released from this morning’s nonfarm payrolls report, which showed an estimated 163,000 jobs were created for July. For many investors, the upbeat data could begin to erase any chance of further economic stimulus in the United States. Stephen Stanley, chief economist at Pierpoint Securities, said, “Even with the better than expected payroll number, it’s... Read More

Morning Gold & Silver Market Report, 8/3/2012

HSBC PREDICTS $1,900 GOLD BEFORE 2013   Precious Metals gave up early gains after the better than expected nonfarm payrolls report was released this morning. The gain of 163,000 jobs in July blew past the expectations of 100,000. However, the unemployment rate moved up to 8.3 percent, the highest since February. American stock futures ad... Read More

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

ECB CHIEF STRIKES OUT AFTER PROMISING HOME RUN   Stocks and many commodities sank lower today after the lack of any sign of commitment to stimulus by the European Central Bank. ECB President Mario Draghi had buoyed markets last week by promising that the ECB would Read More

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

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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