Our Daily Gold & Silver
Market Reports

Morning Gold & Silver Market Report, 7/5/2012

TRIO OF ECONOMIC MOVES BOOSTS MARKETS   Major financial policy moves from Europe and China are boosting American stock futures. Precious Metals prices have been choppy in early morning trading thanks to the inflationary pressures these moves are likely to have on the global economy. The first of these moves came from the United Kingdom, when the Bank of England refreshed its quantitative easing program and now Read More

Closing Gold & Silver Market Report, 07/03/2012

GOLD PRICE ENDS HIGHER ON HOPES OF MORE EUROZONE STIMULUS   The Gold price closed at its highest point in two weeks today on hopes that the European Central Bank (ECB) will announce more stimulus measures to buoy a floundering economy in the 17 nation euro currency union. Expectations are that any announcement of stimulus by the ... Read More

Closing Gold & Silver Market Report 7/2/2012

ECONOMISTS NOT SURE HOW TO REACT TO EU PROPOSAL  Gold’s price has remained stable today following doubtful views of the European Union’s summit. Commerzbank commented on Friday’s rally for Gold when the price shot up 3.5 percent by saying the demand was “likely to have been driven mainly by speculative financial investors. In the long term, we regard the current skepticism displayed by speculators to be constructive, for most fears should meanwhile be ‘... Read More

Morning Gold & Silver Market Report – 07/02/12

CENTRAL BANK CONSIDERS RECLASSIFICATION OF GOLD BULLION The United States Federal Reserve Bank released a memo on June 18, which calls for the reclassification of Gold from a 50% weighting to a 100% weighting. Currently, for every $1 of Gold held by the banks or central banks, only $0.50 can be claimed as book value. By changing Gold to a 100% weighting, i... Read More

Closing Gold & Silver Market Report, 6/29/2012

GOLD RALLIES TO END QUARTER   Much like American stocks, Gold rallied strongly today, though it wasn’t enough to claim a victory on the quarter. The move upward in Gold is thanks to Europe’s plan to curb its debt crisis and expectations that it could be inflationary. Historically, any type of monetary easing or money printing has ... Read More

Mid-Day Gold & Silver Market Report, 6/29/2012

COMMODITY PRICES JUMP WITH EUROZONE ANNOUNCEMENT    Precious Metals prices were on the rise following losses Thursday. Precious Metals prices have been following the global economic situation and the movement of the American dollar. There is speculation that Silver is undervalued at current levels and about what actually i... Read More

Morning Gold & Silver Market Report, 6/29/2012

EUROPEAN UNION SHOCKER SENDS PRECIOUS METALS HIGHER   Precious Metals prices moved noticeably higher in early morning trading as the dollar weakened against the euro on news of a European plan to lower eurozone member nations’ borrowing costs. Economist Vishnu Varathan said, “It still falls short of a concrete solution, but the removal of severe pessimism over what’s going to come out of the EU summit is driving markets higher.” Meanwhile, the news has l... Read More

Closing Gold & Silver Market Report, 06/28/2012

OIL, OTHER COMMODITIES SLIDE ON EUROPEAN FEARS   Most commodities, including Precious Metals and oil, ended the day with lower prices. Prices were pushed down by a stronger American dollar and fears of a continued lack of resolution to the eurozone crisis. Oil ended the day at the lowest price in eight months as it cl... Read More

Morning Gold & Silver Market Report, 6/28/2012

CONCERNS MOUNT AHEAD OF EUROPEAN SUMMIT; DOLLAR RISING   Precious Metals prices were weathering the blows of investors concerns over the eurozone debt crisis. Concerns ahead of the European Union summit have influenced investors and world markets. The Indian rupee continues to struggle, which has curbed the primarily Gold investing nation’s normal buying activity. Analyst Robin Bahr said, “There’s no semblance of a safe haven at the moment, but Read More

Closing Gold & Silver Market Report – 6/27/2012

ANALYSTS SAY FURTHER EASING IN EUROZONE NECESSARY Better than expected economic data boosted American stocks while Gold remained flat during trading today. As Matthew Kaufler of Federated Clover Advisors explains, “The housing data came in better than expected and we got good news on durable goods orders, so we’re having a relief rally that th... Read More

Morning Gold & Silver Market Report – 6/27/2012

EURO LEADERS ‘UNUSUALLY DIVIDED’ BEFORE SUMMIT Precious Metals are trading lower this morning, thanks to investors moving to the sidelines ahead of the European Union summit, which starts tomorrow. Michael Turner of RBC Capital Markets said, “This could be a reasonably long holding pattern until the headlines start to flow from the European Cou... Read More

Closing Gold & Silver Market Report, 06/26/2012

INVESTORS SEEK SAFE HAVEN AS UNCERTAINTY REIGNS   Stocks rose slightly today, as economic data and headlines cast a glimmer of hope onto trading floors. Home prices rose slightly, according to the Case-Schiller index that measures home values in 20 major cities across the United States. However, optimism is still mixed with copio... Read More

Morning Gold & Silver Market Report, 6/26/2012

EUROZONE WORRIES MOUNT; PRECIOUS METALS ON THE MOVE   Precious Metals prices have been fairly volatile on eurozone debt fears and the escalation of violence and rhetoric involving Syria. Analyst Robin Bhar said, “Gold is capped on the upside by disappointment post-Fed, while on the downside, we have some bargain hunting, and a bit of physical buying into the troughs. … We are stuck in a fairly... Read More

Closing Gold & Silver Market Report, 6/25/2012

GOLD MOVING HIGHER, BUT GASOLINE PRICES INCHING DOWN   The price of Gold has moved higher as the safe haven appeal of the yellow metal returns on continued weariness over the eurozone debt crisis. Cyprus has become the fifth eurozone country to ask for assistance from Europe. The Cypriot government said in a statement, “The purpose of the required assistance ... Read More

Morning Gold & Silver Market Report, 6/25/2012

SPAIN FORMALLY REQUESTS EU AID   Uncertainty in Europe has led to American stock futures falling and Precious Metals prices remaining flat. A two-day European Union summit meeting is set for later this week, but Peter Boockvar of Miller Tabak said that “nothing of substance will come” of the meeting.  He said Germany ... Read More

Closing Gold & Silver Market Report, 6/22/2012

EUROZONE SUPPORTS GROWTH; BANKING STOCKS RALLY   Precious Metals prices remained volatile but ultimately ended up fairly even Friday, with Gold closing higher. Despite the credit downgrade of banks globally, banking stocks rallied, and the support of growth in the eurozone has helped boost some prices. Broker Phillip Streible said, “There is zero inflation out there. With Gold being well received ... Read More

Mid-Day Gold & Silver Market Report, 6/22/2012

ANALYSTS EXPECT HIGH RETURNS IN 2012 FOR GOLD, SILVER   Silver is in high demand around the globe now, but especially in India as the white metal has regained its luster. The attraction to Silver in India comes from how the metal is perceived. It is looked at as bringing good luck and prosperity along with being more affordable for some. “People’... Read More

Morning Gold & Silver Market Report, 6/22/2012

GOLD STARTS REBOUND ON CREDIT DOWNGRADE OF BANKS   Precious Metals prices dropped throughout the day Thursday, largely on the Federal Reserve’s disappointing announcement and the late-day credit downgrade to a number of international and domestic banks. Analyst Nic Brown said, “Since August, September, Gold has been trading like any other commodity. The one thing that will support prices this year is the potential for further aggressive monetary stimulus... Read More

Closing Gold & Silver Market Report, 6/21/2012

GOLD PRICE DROPS 3 PERCENT Precious Metals prices are feeling the effects from the Federal Reserve’s announcement Wednesday that there would not be further stimulus at this time, with prices dropping. Analysts and investors are cynical in their outlook for the American economy and commodities. Kyle Cooper at IAF Advisors said,... Read More

Morning Gold & Silver Market Report, 6/21/2012

METALS LOSE GROUND AS JOBLESS CLAIMS GROW   Precious Metals were trading lower this morning, along with most other markets around the world. American stock futures cut early losses after the release of the weekly jobless claims report, even though that report showed a net gain of 1,000 claims in the past two w... Read More

Closing Gold & Silver Market Report, 6/20/2012

‘TWIST’ A LITTLE LONGER; PRECIOUS METALS THE DANCE PARTNER?   Although quantitative easing (QE) was not announced, the extension of the Fed’s Operation Twist has dropped Precious Metals prices for the time being. The outlook for Precious Metals remains tied to any Federal Reserve indication of further QE, as well as the European economic situation. Adviser Bill O’Neill said, “At least for the near term, it’s mainly a short term negative for Gold because ... 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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