Our Daily Gold & Silver
Market Reports

Closing Gold & Silver Market Report – 9/21/2012

GOLD GAINING MOMENTUM Precious Metals prices have ticked downward in afternoon trading, echoing the end of the week for stocks. Art Hogan of Lazard Capital Markets said of the stock market, “After having two explosive weeks to the upside, where the S&P 500 was up 3.5 percent, it’s a huge victory to come out... Read More

Mid-Day Gold & Silver Market Report – 9/21/2012

SPAIN SEEKING REFORM; EXPERTS TOUT GOLD U.S. stocks rose today due in part to reports that Spanish Economy Minister Luis de Guindos is finally seeking bailout arrangements from the European Central Bank (ECB). Spain will have to agree to conditions set forth by the ECB in order to receive a portion of the $130 billion that has been allocated in ... Read More

Morning Gold & Silver Market Report – 9/21/2012

GOLD MOVES UP; TALK OF MORE STIMULUS FORTHCOMING Gold is continuing to rise following the abundance of economic stimulus in the global economy. Many central banks around the world have implemented plans to ease financial issues, including the United States, Europe and Japan. These moves have had a positive impact on Gold’s pricing and they could become a growing trend. “With the open-ended scheme to pri... Read More

Closing Gold & Silver Market Report – 09/20/2012

GOLD RESISTS PRESSURE; U.S. ECONOMY IN SLOW GROWTH Gold held its position well today despite a strong movement in the dollar and weaker U.S. equities. Also, China reported low manufacturing activity, which pushed European stocks down... Read More

Mid-Day Gold & Silver Market Report – 09/20/2012

GOLD UNDER PRESSURE FROM THE U.S. DOLLAR Gold continues to feel pressure through mid-day trading moving off the 6-1/2 month high set yesterday.  Even news that the Bank of Japan would be launching its own round of monetary easing is not enough to offset the pressure from a strengthening U.S. dollar and investor profit taking. "The general mood is still positive. I think the longer we stall here... Read More

Morning Gold & Silver Market Report – 9/20/2012

‘SUPPORT REMAINS UNDER THE MARKET’ FOR GOLD U.S. stock futures and Precious Metals have edged downward this morning as the dollar firmed. “The rise in Gold and Silver will be tempered by drops in the stock market and rises in the dollar, and if this continues then the upside is limited for the time being,” Marex Spectron said in a note. “However, support remains under the market…” VTB Capital said in its own note, “Judging by the broader commodity market, QE3 eupho... Read More

Closing Gold & Silver Market Report - 9/19/2012

STABLE DAY FOR PRECIOUS METALS; INVESTORS ACQUIRE RECORD HOLDINGS OF PLATINUM Precious Metals prices remain flat following today’s trends. The small movement came after a decrease in crude oil by almost 4 percent for the day along with the Bank of Japan’ confirmation of further easing measures to improve the country’s economy. Stephen Platt at Archer Financial Services said, “Amid the crude oil break, Read More

Mid-Day Gold & Silver Market Report – 9/19/12

GOLD KEEPS UPWARD TREND GOING; FISCAL CLIFF LOOMING The price of Gold has continued to climb today with even more news of monetary easing by central banks around the world. "Current monetary easing by central banks is warranted by weak economic growth and subdued inflationary pressures in developed economies," BNP Paribas analyst Anne-Laure Tremblay said. "This trend is likely to continue until we see a notable improvement in economic growth trends.... Read More

Morning Gold & Silver Market Report – 9/19/12

GOLD NEAR SEVEN-MONTH HIGH AS BANK OF JAPAN EASES The Gold price rose this morning on news that the Bank of Japan has joined the United States Federal Reserve and the European Central Bank on the quantitative easing bandwagon. Max Cohen of Spreadex Ltd. said, “As central banks around the world pull together to provide stimulus and... Read More

Closing Gold & Silver Market Report – 9/18/2012

BANK SAYS GOLD COULD REACH $2,400 PER OUNCE IN 2014 Gold has recovered from earlier losses, Silver added to gains, and Platinum and Palladium continued to dip in afternoon trading today. The latter two metals are being pushed down by the end of the sometimes violent strike of miners in South Africa. Bank of America Merrill Lynch said in a note, “Given the new open-ended nature of QE3, the upward pressure on Gold prices should continue until employment is strong eno... Read More

Mid-Day Gold & Silver Market Report – 09/18/2012

QUESTIONS OF QE3’S EFFECTIVENESS; S. AFRICA STRIKE APPEARS OVER Gold prices moved off earlier session lows as the Federal Reserve has stated it’s “running flat out” of plans to stimulate the lagging U.S. economy. Excitement over last week’s announcement of a newest round of monetary easing (QE3) has been tempered by concerns over it’s effectiveness. “Judging by the broader commodity market, the QE3 euphoria ... Read More

Morning Gold & Silver Market Report – 9/18/2012

OVERNIGHT PROFIT TAKING FOR THE EURO After a four month euro rally, Tuesday saw some profit-taking and the euro fell against the dollar. Spain’s seeming reluctance to seek a bailout isn’t sitting well with investors either. Derek Halpenny, head of FX research in London, said “If Spain steps forward (to ask for a bailout) and all of us get some clarity it would remove an element of ... Read More

Closing Gold & Silver Market Report, 9/17/2012

GOLD’S VALUE INCREASES BY 13% IN 2012; BULGARIA REJECTS ADOPTION OF EURO Precious Metals moved slightly down for the day, taking a break from last week’s driving force of the announcement of QE3 that will aid the American economy. The past four weeks grabbed the market’s attention of how Gold is thought of as a safe haven with a rise of over 9 percent. Silver showed an increase of 23 percent. Julian Jessop at Capital Economics said, “The price for the Preciou... Read More

Mid-Day Gold & Silver Market Report – 9/17/2012

ANALYST SAYS ALL SIGNS POINT TO HIGHER METALS PRICES The four-session win streak by the Dow Jones Industrial Average came to an end today with concerns over the eurozone and shrinking manufacturing reports in the New York area. This dip comes after the Dow reached its highest level since December 10, 2007 following the Fed’s announcement of QE3 last we... Read More

Morning Gold & Silver Market Report – 9/17/2012

GOLD & SILVER PRICES HOLD NEAR SEVEN MONTH HIGH Gold & Silver prices are holding on to recent gains in early morning trading. Last week, Gold and Silver were up for the fourth week in a row. Gold prices have risen 13.2 percent so far in 2012. According to Peter Fertig, a consultant for Quantitative Commodity Research, “if we do not see $1,800 this week, that ... Read More

Closing Gold & Silver Market Report - 9/14/2012

GOLD HOLDS ONTO GAINS AHEAD OF WEEKEND Gold closed above $1,770 today, finishing strong after a tumultuous week of news affected the yellow metal. Economically, Gold is a commodity that is traded around the world.; its value is driven by global events. But this week all eyes were on the Fed and the announcement of QE3. Precious metals aren’t the only winners. All the major indexes were up; the Read More

Mid-Day Gold & Silver Market Report – 09/14/2012

STOCKS ADD TO GAINS AFTER QE3; GOLD OUTLOOK POSITIVE Global markets continue to rally today following Thursday’s announcement of the U.S. Federal Reserve’s aggressive bond-buying plan. News of the program lifted the S&P 500 to its highest single-day peak since January 2, 2008. The market reaction is not unexpected. Investors will await the long-term effects of ... Read More

Morning Gold & Silver Market Report – 09/14/2012

GOLD TAKES A BREATHER; STOCK FUTURES UP ON STIMULUS Gold opened fractionally lower this morning, as the markets appear to be taking a pause after Thursday’s announcement of a stimulus program. The program launched Thursday by the Federal Reserve is a combination of maintaining near-zero interest rates and an open-ended mortgage debt-buying program. News of this new program sent Gold up Thursday, closing up nearly 2 percent for the day and 10 percent for the month. ... Read More

Closing Gold & Silver Market Report, 9/13/2012

PRECIOUS METALS MARKETS REACT TO QE3 CONFIRMATION  Further stimulus measures were announced today as the Federal Reserve announced the American economy would receive the third round of quantitative easing, also kno... Read More

Mid-Day Gold & Silver Market Report – 9/13/2012

QE3 ANNOUNCED, STARTS TOMORROW Precious Metals prices spiked today after the announcement that a third round of quantitative easing (QE3) starts tomorrow. In a statement, the Federal Open Market Committee said, “The Committee is concerned that, without further policy accommodation, economic growth might not be strong enough to generate sustained improvement in labor market conditions.” Of course, among t... Read More

Morning Gold & Silver Market Report – 9/13/2012

QE3 DECISION ANTICIPATED AT 12:30 P.M. (EDT) Gold and Silver prices are mostly flat this morning as investors await a Federal Reserve monetary policy decision. Fed Chairman Ben Bernanke is scheduled for a press conference at 2:15 p.m. (EDT), though the policy decision should be out closer to 12:30 p.m. (EDT). David Morrison of GFT Markets believes that 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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