Our Daily Gold & Silver
Market Reports

Morning Gold & Silver Market Report – 3/23/2012

STOCKS DECLINE NOT SURPRISING; EASY MONETARY POLICY COULD BE DETRIMENTAL TO U.S. U.S. stock futures are pointing towards an uneventful start for Wall Street this morning.  Unease has entered the markets, and Rebecca O’Keefe of Interactive Investor isn’t shocked.  “The six-month equity rally has been built on lower-than-norm... Read More

Closing Gold & Silver Market Report – 3/22/2012

FED REASSURES ON VOLCKER RULE; IRELAND IN ANOTHER RECESSION Since the Mid-Day Gold & Silver Market Report, prices for precious metals have edged up slightly. The stronger dollar pushed Gold down today, although today’s session saw the dollar give ground versus other currencies in the end, Read More

Mid-Day Gold & Silver Market Report 3/22/2012

CRUDE OIL PRICES FALL; CONTAGION FEARS GROW FOR EUROZONE   Precious metals prices remain down across the board following this morning’s trading. Indications of slowing growth in China and Germany strengthened the U.S. dollar, which pushed the price of Gold down. The Gold price traditionally moves opposite of the U.S. dollar. Crud... Read More

Morning Gold & Silver Market Report – 3/22/2012

GOLD LOWER ON PROFIT-TAKING; CHINA’S ECONOMY CONTRACTING?   Precious metals fell in overnight trading, as less-than-promising Chinese factory data has caused many investors to cash out their positions for profit-taking purposes. Many investors are awaiting European data to see how the eurozone is faring after the Greek bailout deal. Yuichi Ikemizu, head of commodity trading, said, “A lot of people are on the sidelines at the moment. … We saw some bearish... Read More

Closing Gold & Silver Market Report – 3/21/12

WEAK SUPPLY BOOSTS OIL PRICES; GOLD, SILVER PRICES STEADY      A weekly government report showing a surprising decline in oil inventories sent the price of crude oil futures upward. Prices reached as high as $106.91 on the New York Mercantile Exchange. The Energy Information Administration also reported that gasoline stockp... Read More

Mid-Day Gold & Silver Market Report 3/21/2012

GOLD MERITS POSITIVE OUTLOOK; SURVEY SHOWS U.S. CONFIDENCE   The Gold price is slowly moving higher today. The precious metal received a positive outlook from the Australian Bureau of Resources and Energy Economics. The bureau said today that Gold prices will average 16 percent higher in 2012 at about $1,810 an... Read More

Morning Gold & Silver Market Report – 3/21/2012

GOLD STEADY; BERNANKE GIVES ADVICE TO EUROPE Gold is relatively steady this morning, while silver is up about one percent.  The euro is looking stronger against the dollar, but the slump in gold demand due to the strike of Indian jewelers seems to be limiting gold’s push higher for the moment.  Matthew Turner, an analyst at Mitsubishi, believes that a return of Europe’s debt crisis would be a “... Read More

Closing Gold & Silver Market Report – 3/20/2012

U.S. EXEMPTS JAPAN, 10 EU NATIONS FROM IRAN OIL SANCTIONS   Precious metals prices have continued to fall in afternoon trading on tempered housing optimism and rising dollar hint at economic recovery. Saxo Bank senior manager Ole Hansen said, “It’s very much intraday movements related to the ups and downs of the dollar, which is setting the agenda for the time being. … We are going to see a bu... Read More

Mid-Day Gold & Silver Market Report 3/20/2012

OIL PRICES DROP; GOLD JEWELERS CONTINUE STRIKE IN INDIA   Precious metals prices remained down following this morning’s trend. Gold’s price has been affected by a stronger U.S. dollar and lower oil prices. Oil prices have dropped from a three-week high, with U.S. crude supply increasing and an assumption that Saudi Arabia will boost its oil output. “The market is currently well-supplied with oil, but supply disruptions and looming supply shortage f... Read More

Morning Gold & Silver Market Report – 3/20/2012

COULD OIL PRICE HIKES PAVE WAY FOR GOLD TO FOLLOW?   U.S. stock futures and commodities (including precious metals) across the board are trading lower this morning. Peter Cardillo of Rockwell Global Capital said, “I think it’s just a normal pullback on weaker commodity prices due after a long run-up (in stocks). Housing da... Read More

Closing Gold & Silver Market Report – 3/19/2012

GOLD ENTICING BARGAIN HUNTERS; STOCKS’ EARNINGS SEASON LOOKING FLAT   The Gold price has remained steady since the posting of the Mid-Day Gold & Silver Market Report, with the price for the precious metal ending today’s session in positive territory. Rohit Savant, an analyst with CPM Group in New York, said, “A lot of it has to do with bargain hunting... Read More

Mid-Day Gold & Silver Market Report 3/19/2012

CENTRAL BANKS BUYING GOLD WHILE PRICES ARE LOW   Precious metals prices have moved little through this morning. In the past few weeks, Gold has been experiencing a positive correlation to Treasury prices, which means Gold likely will follow the trend of U.S. bond prices. According to the Financial Times, an industry source reported in recent weeks that central banks have been buying Gold... Read More

Morning Gold & Silver Market Report – 3/19/2012

MARKETS OFF TO SLOW START; SILVER SLIGHTLY DOWN   U.S. stock futures are heading lower this morning, as precious metals prices remain steady. Investors have experienced some strong gains in the past several weeks, and it could be they need to take a breather. Bill Gross, chief executive of PIMCO, the world’s largest bond fund, is forecasting for 2012 another round or two of Read More

Closing Gold & Silver Market Report – 3/16/2012

PRECIOUS METALS PRICES REMAIN STEADY; OIL CONCERNS RISE Precious metals prices remained relatively steady in afternoon trading. Technical selling to balance portfolios after a week of rising oil prices, the dollar’s decline in value and better than expected consumer prices pushed investors towards selling their positions to cover shortcomings throughout the week. These concerns and issues generally tend to point towards ... Read More

Mid-Day Gold & Silver Market Report – 3/16/2012

INDIA PLANS GOLD TAX HIKE; OIL PRICES RESUME CLIMB   The Gold price was still down at midday trading on a one-two punch of increased duties on bullion in India and continued upbeat U.S. economic data. India’s Finance Minister Pranab Mukherjee unveiled India’s 2012-13 budget today, which called for an increase in taxes on Gold. This would mark the second tim... Read More

Morning Gold & Silver Market Report – 3/16/2012

CONSUMER PRICES FLAT; SYRIAN BLOODSHED CONTINUES; N. KOREA PLANS ROCKET LAUNCH   Precious metals prices moved lower in overnight trading, and remained so after the latest consumer price index (CPI) report was released. Forecasters expected the CPI would rise about 0.5 percent, and the number came in at 0.4 percent. Co... Read More

Closing Gold & Silver Market Report – 3/15/2012

BARGAIN HUNTING LIFTS GOLD PRICE; OIL RELEASE REPORT ‘INACCURATE’    The Gold price has continued to climb since the Mid-Day Gold & Silver Market Report. Prices have trended downward this week as investors sold off Gold in response to Federal Reserve meeting Tuesday. However, the metal bounced back today as a result of purchases by bargain... Read More

Mid-Day Gold & Silver Market Report – 3/15/2012

GOLD PRICE HOLDS STEADY; U.S., U.K. TO RELEASE OIL   Gold has continued to hold onto modest opening gains, as the drop from previous sessions is attracting bargain hunters. The metal may be vulnerable to more selling, if easing expectations continue to fade and the dollar continues to strengthen. In a note to its investors, Commerzbank wrote, “As the price falls below important support levels, we may see further selling on the part of money managers. We ... Read More

Morning Gold & Silver Market Report – 3/15/2012

U.S. JOBLESS CLAIMS DIP; EU TAXPAYERS TAKE HIT   U.S. stock futures rose after the weekly report on jobless claims was released. Although last week’s claims number was revised slightly upward, the drop this week of 14,000 matches a four-year low. Read More

Closing Gold & Silver Market Report – 3/14/2012

PLATINUM MAINTAINS LEAD OVER GOLD; TREASURIES FORETELL HIGHER RATES? Since the Mid-Day Gold & Silver Market Report, prices for the four precious metals have continued to decline, with Gold in particular ending the day down more than $50. The dollar continued to gain strength today as it reacted to yesterday’s news from the Federal Reserve that interest rates w... Read More

Mid-Day Gold & Silver Market Report – 3/14/2012

PRECIOUS METALS TUMBLE; ECONOMY IMPROVING? Precious metals prices have reacted to Tuesday’s meeting of the Federal Open Market Committee (FOMC). Late Tuesday afternoon, prices began to drop. Prices leveled a bit this morning but have started falling over the course of this morning. Saxo Bank’s Ole Hansen said, “We saw the 10-year (U.S.) government bond yield breaking out of the holding pattern it’s been trading in for the last five or six months. That’s one of the... Read More

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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