Our Daily Gold & Silver
Market Reports

Morning Gold & Silver Market Report – 3/12/2012

ANY EURO REBOUND LIKELY GOOD FOR GOLD   The world’s largest banks are looking more favorably at the euro, as they see the European Central Bank (ECB) providing unlimited cash to the European financial system. Bloomberg news surveyed more than 50 strategists and reported that their median estimate predicts a stronger... Read More

Closing Gold & Silver Market Report – 3/9/2012

GREEK DEAL HAS SKEPTICS; JOBS REPORT BOOSTS MARKETS   The Gold price has continued to climb since the Mid-Day Gold & Silver Market Report. News that more than 80 percent of Greece’s private bondholders have accepted the debt swap deal has pushed the precious metal’s price upward and possibly cleared the way for a new bailout. Although ... Read More

Mid-Day Gold & Silver Market Report – 3/9/2012

CHINA’S GROWTH SLOWS; GREECE TO REQUIRE THIRD BAILOUT? Gold has reversed course during midday trading, moving off the lows triggered by the better-than-expected U.S. jobs report. The domino effect of events starts with that report. More jobs gives speculators the sense that there will be higher demand for oil, which caused the pr... Read More

Morning Gold & Silver Market Report – 3/9/2012

GOLD, SILVER PRICES FALLING AFTER JOBS REPORT      This morning’s jobs report came in slightly better than expectations, driving down precious metals prices. Economist had projected a net of 210,000 new jobs, and the number reported was 227,000. This was not enough to move the jobless rate off 8.3 percent, but the report still points to a slow recovery. The warming trend we experienc... Read More

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

GREEK BONDHOLDERS ON BOARD; MARKETS RALLY ON NEWS   Prices for precious metals continued to climb today. The growing optimism over Greece completing its debt-swap deal with private bondholders has helped strengthen the euro. Gold and the euro historically have had a positive correlation to one another, and the recent rise an... Read More

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

INVESTORS STEER TOWARD GOLD; OUTLOOK FOR GREEK DEAL ENCOURAGING   Precious metals prices are up following morning trends. For the past two days, the U.S. dollar’s strength has decreased compared to the euro, which has pushed Gold up. Investors seem to be feeling more comfortable with the yellow metal versus green paper. Greece is working constructively on its debt bond swap, and it appears the deal may reach a successful closure by today’s deadline... Read More

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

JOBLESS CLAIMS REPORT DISAPPOINTS; GOLD, SILVER GAIN   New claims for unemployment benefits took a surprising turn upward for last week, increasing by 8,000. Although not considered significant enough to change perceptions that the job market is improving, it still went in the wrong direction. Economists polled by Reuters expected the number of claims to re... Read More

Closing Gold & Silver Market Report – 3/7/2012

SOME HEDGE FUNDS REFUSING GREEK SWAP; QE3 MORE LIKELY? In afternoon trading, prices of the four precious metals were pushed upward as markets reacted to private-sector job numbers and news that the Federal Reserve is considering a new program of bond buying. The Gold price broke a three-day downward trend, ending the day up by nearly $12. The price for the met... Read More

Mid-Day Gold & Silver Market Report – 3/7/2012

OPTIMISM SEEN IN GREECE; CHINA RAILS AGAINST U.S. TRADE   Precious metals have maintained their positions in positive territory today. The euro recovery and physical demand out of Asia are keeping prices higher. The jobs data announced earlier today and the growing support for consolidating Greek debt has helped the overall outlook for Gold. Trader Frank Lesh said, “There is some positive news out there for the economy, and that is Read More

Morning Gold & Silver Market Report – 3/7/2012

DEADLINE TODAY FOR GREEK BONDHOLDERS   U.S. stock futures are up this morning, after the stock market’s biggest one-day drop of the year. Precious metals also are trading higher.  The ADP private-sector jobs report was released this morning and had little to no effect on precious metals or stocks. Howev... Read More

Closing Gold & Silver Market Report – 3/6/2012

STOCKS SEE BIGGEST LOSS OF 2012; GOLD, SILVER START TO RECOVER   The stock market closed down more than 200 points today, its biggest loss of 2012. As reported throughout the day, the fear of a Greek default is rocking the stock markets and precious metals markets. Stocks are down on fears of what a Greek default might do to the fragile global economic recovery. Gold and Silver prices are down largely b... Read More

Mid-Day Gold & Silver Market Report 3/6/2012

METALS RATTLED BY UNCERTAINTIES OVER GREEK DEBT SWAP      Precious metals prices are down across the board on concerns whether the Greek bond swap deal will be successful. Gold, Platinum, Palladium and Silver all experienced a hit, with prices down more than 2 percent. A combination of factors has affected the market today. Analysts at Barclays Capital said, “Uncertainty about Greece, a revision to China’s official growth forecasts, and elevated oil... Read More

Morning Gold & Silver Market Report – 3/6/2012

OBAMA, ISRAELI P.M. AGREE TO WATCH SANCTIONS ON IRAN   Precious metals prices were down this morning, driven primarily over the growing economic concern over the debt resolution steps being taken in Greece, causing the euro’s value to drop. Oil prices are on the rise as well, due to Middle East instability, but safe-haven appeal of precious metals is being influenced by exchange rate issues this morning. Analyst David Wilson said, Read More

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

GOLD PRICE CLOSES ABOVE $1,700; STOCKS FALL ON CHINA, U.S. NEWS   Since the Mid-Day Gold & Silver Market Report, the price of Gold climbed to end the day above $1,700. Markets across the board have been weighed down by depressing data released in the U.S., as well as from China and Europe. The Gold price fell sharply last week in response to testimony... Read More

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

GREECE OPTIMISTIC ON SOVEREIGN DEBT DEAL   Precious metals prices are experiencing a small loss since this morning. Gold's price is declining on news that China is lowering its economic growth target for 2012 to 7.5 percent, which is the lowest level in seven years. Read More

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

GOLD PRICE SLIGHTLY LOWER, SILVER SLIGHTLY UP IN EARLY TRADING    Gold and Silver prices have been relatively stable in morning trading. Gold did dip below $1,700 before rebounding. Platinum and Palladium have taken sharper hits to their prices. Generally speaking, this lack of price movement occurs on days when there is a void of news affecting Gold and Silver. This was true this morning. Greece and oil remain the top headlines. The popular notion that a sol... Read More

Closing Gold & Silver Market Report – 3/2/2012

DOLLAR RISES ALONG WITH CONCERNS OVER MIDDLE EAST   Precious metals prices have remained relatively steady today with technical selling to balance investors’ books for week’s-end profit-taking. The dip in stock markets is attributed to many investors feeling the rally was moving faster than the actual global growth outlook. Money manager John Carey said, “Some people may think that the Read More

Mid-Day Gold & Silver Market Report 3/2/2012

SAN FRANCISCO FED PRESIDENT HOPEFUL; GOLD STILL FAVORABLE ASSET    Precious metals prices are slowly dropping, following this morning’s trend. Gold’s price drop is coming from a stronger U.S. dollar, and the price movement supports the inverse correlation between the two. Federal Reserve Chairman Ben Bernanke indicated this week that additional actions to assist with economic recovery need not be implemented at this time. In the past, the Fed ... Read More

Morning Gold & Silver Market Report – 3/2/2012

GOLD’S BUYING OPPORTUNITY MAY NOT BE OVER   Gold and Silver are giving back yesterday’s gains this morning, while U.S. stock futures trade lower. A strengthening U.S. dollar is the likely cause of Gold and Silver’s decline, as currency markets have recently been the controlling factor in the prices of the metals. One analyst, James Steel, believes that Read More

Closing Gold & Silver Market Report – 3/1/2012

GOLD, OTHER METALS END THE DAY UP; IMF SAYS EUROPE STILL A THREAT   Prices for all four precious metals ended the day up in afternoon trading, with Silver and Platinum in particular both continuing to gain since the posting of the Read More

Mid–Day Gold & Silver Market Report – 3/1/2012

GOLD, SILVER PRICES RECOVERING FROM WEDNESDAY’S DOWNTURN   Gold and Silver prices have been moving up through the morning, recovering from yesterday’s significant move down. Comments made by Federal Reserve Chairman Ben Bernanke are widely viewed as the cause of the strong sell-off, and Bernanke is back speaking before Congress today. There is strong interest as to whether Bernanke’s tone will remain th... 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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