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Mid-Day Gold & Silver Market Report – 11/23/2011

THE FEAR OF EUROPEAN COLLAPSE REARS ITS HEAD Precious metals prices are on the rise since the Morning Gold and Silver Market Report, heavily due to the continued debt crisis in Europe returning to the spotlight. The focus for now has been lifted off of the U.S. cutting its deficit. The global turmoil has caused a rush to cash positions or bonds, wit... Read More

Morning Gold & Silver Market Report – 11/23/2011

GOLD’S BULLISH FACTORS REMAIN; FRANCE, GERMANY CLASH Gold prices are dipping this morning along with the euro as a result of the latest developments in the European debt crisis. The U.S. dollar’s rise has limited the effect of the safe-haven buying of gold, which is still very much intact. Gold prices are down just 1% in November after last week’s heavy selling. Credit Agricole analyst Robin Bhar said, “We’r... Read More

Closing Gold & Silver Market Report – 11/22/2011

GOLD & SILVER PRICES RISE IN RESPONSE TO GDP NEWS; EUROZONE FUNDING DEMANDS HIT TWO-YEAR HIGH Since the Mid-Day Gold & Silver Market Report, gold and silver prices have dropped slightly, but have experienced a strong day overall with gold again topping $1,700. The price of platinum has remained stable, while the price for palladium has increased since noon. ... Read More

Mid-Day Gold & Silver Market Report – 11/22/2011

AMERICANS COULD BE LEFT WITH LESS AFTER SUPER COMMITTEE FAILURE Gold has steadily gained in morning trading, thanks to the U.S. economy taking hits from the third-quarter growth rate being revised downward and the failure of the congressional Super Committee to come to an agreement on reducing the budget deficit. Sterling Smith, an analyst at Country Hedging Inc., said, “ Read More

Morning Gold & Silver Market Report – 11/22/2011

GDP GROWTH REVISED DOWNWARD; U.S. RECOVERY IN DOUBT? In overnight trading and since the Closing Gold & Silver Market Report, precious metals prices have rallied to some extent, but the safe-haven appeal of gold seems to be on the rise due to the failure of the congressional Super Committee and the most recent news that Gross Domestic Product (GDP) data for the t... Read More

Closing Gold & Silver Market Report – 11/21/2011

NO DEAL ON SPENDING CUTS COULD LEAD TO FURTHER LOSSES & DOWNGRADES Gold and silver have bounced off of their lows for the day, but still have posted significant drops today, following the announcement by members of the congressional super committee that no deal would be reached by Wednesday’s deadline.  Gold was pushed down, in part, by a stronger dol... Read More

Mid-Day Gold & Silver Market Report – 11/21/2011

LACK OF RESOLUTION HURTS MARKETS; NUCLEAR CONCERNS RISE Precious metals prices have declined since the Morning Gold & Silver Market Report. This is primarily a move to cash by investors based on much uncertainty in the markets, globally and domestically. Despite the drop in prices, strategists including Anne-Laura Tremblay of BNP Paribas say the Read More

Morning Gold & Silver Market Report – 11/21/2011

CENTRAL BANKS BUYING MORE GOLD; SUPER COMMITTEE DEFEATED Gold is trading lower than Friday’s close this morning, as U.S. stocks are bracing for a steep drop. The focus on Europe will likely shift to the mounting debt issues in the U.S. this week, as the congressional Super Committee faces a deadline Wednesday. The bi-partisan committee will need t... Read More

Closing Gold & Silver Market Report – 11/18/2011

SUPER COMMITTEE TALK NEAR COLLAPSE; GOLD ENDS THE DAY UP Gold prices ended the day with a modest rise, in contrast to losses seen in the previous two sessions, as investors turned to the precious metal at the end of the day. Broker and futures analyst Frank Lesh of FuturePath Trading said support for gold is coming from “safe-haven buying ahead of the weekend.” Pri... Read More

Mid-Day Gold & Silver Market Report – 11/18/2011

WILL THIS BE THE LOST DECADE OF EUROPE? Precious metals are steady so far today on conflicting news of global and local economies.  The stepping in of the European Central Bank to buy Italian and Spanish debt  went a long way to ease fears of further recession and stocks both in Europe and the U.S. were up slightly on the news. It also helped boost... Read More

Morning Gold & Silver Market Report – 11/18/2011

GOLD PRICES MOVING UP ON DECLINING DOLLAR Gold prices suffered a 3% decline yesterday, and Silver, Platinum and Palladium prices showed sharp drops, as well. Although there is little actual news coming out of the European debt crisis, there are plenty of opinions as to how this will unfold. Yesterday, the winds were pessimistic, so the Gold and equity markets suffered. Gold’s decline largely was due to the weakening of the euro, which triggered a strengthening of the U.S. do... Read More

Closing Gold & Silver Market Report – 11/17/2011

EUROPEAN CONCERNS CONTINUE TO WEIGH ON MARKETS Precious metals prices have remained steady since declining sharply in early trading. The Dow market experienced another triple-digit loss, while the NASDAQ was down almost 2%. Gold and silver prices dropped today as a reaction to the equity market decline, as investors covered margins. European debt concerns flared, driving down the value of the euro and thus increasing the value of the U.S. dollar.This also put downw... Read More

Mid-Day Gold & Silver Market Report – 11/17/2011

GOLD SERVING PURPOSE IN SHORING UP LOSSES Gold has dipped since the Morning Gold & Silver Market Report due to the ongoing debt crisis in Europe and the effect the crisis is having on stocks. Marcus Grubb of the World Gold Council said that with the debt crisis lingering, “investors move out of risky assets, they move out of equities, they move into short-dated bonds and into cash, Read More

Morning Gold & Silver Market Report – 11/17/2011

CENTRAL BANKS’ GOLD DEMAND WAY UP IN THIRD QUARTER According to a quarterly report just released by the World Gold Council, central banks have purchased more gold in the third quarter than they have in decades. Although the council cannot reveal the details regarding these purchases, it did say a “slew of new entrants emerged wishin... Read More

Closing Gold & Silver Market Report – 11/16/2011

U.S. STOCKS TAKE SHARP LOSSES; FED OFFICIAL WARNS OF LONG RECOVERY Since the Mid-Day Gold & Silver Market Report, prices of all four precious metals have slid. Matt Zeman, a senior market strategist with Kingsview Financial, said the low volumes were a result of traders gearing up for this weekend a... Read More

Mid-Day Gold & Silver Market Report – 11/16/2011

ANOTHER DAY, ANOTHER NEW EUROPEAN GOVERNMENT Precious metals prices have remained relatively steady since the Morning Gold & Silver Market Report. Global markets are taking a wait-and-see approach based on current European volatility, with Spanish bond yields also approaching uncomfortable limits. The global uncertainty “underscores the renewed confidence in the... Read More

Morning Gold & Silver Market Report – 11/16/2011

WILL GOLD BE THE ONLY WINNER IN THE EUROZONE CRISIS? In an article today by Matthew Lynn for MarketWatch, Lynn presents a compelling case that gold may turn out to be the only winner in the eurozone crisis. In a scenario where sovereign bonds have been hammered, equities are neutral year-to-date with high volatility, eurozone banks are taking huge haircuts o... Read More

Closing Gold & Silver Market Report – 11/15/2011

GOLD ENDS HIGHER AS NERVOUS INVESTORS STILL SEEK SAFE HAVEN Gold prices closed the day slightly higher. Silver prices closed with a solid gain of about 1.5%. This time of year, hedge funds and other investment firms are required to make regulatory filings with the SEC and report their holdings. These reports can give an indication as to the outlook of some of the world’s savviest investors. It appears that many are c... Read More

Mid-Day Gold & Silver Market Report – 11/15/2011

FED CONSIDERS DOWNSIZING BANKS ‘TOO BIG TO FAIL’ Precious metals prices have gained since early morning trading. News from the International Monetary Fund indicated that China’s growth will start to gradually slow. IMG Deputy Director Min Zhu said, “All the data says that China is moving to a soft landing.” John Paulson, the hedge fund manager... Read More

Morning Gold & Silver Market Report – 11/15/2011

EUROPEAN SITUATION FRAGILE; GEOPOLITICAL TENSION CONTINUES Gold is trading down this morning, shadowing the expected slump of U.S. stocks due to the euro zone debt crisis. The ongoing fears over the debt problems in Europe has been contagion. Before Greece, there was Ireland, Portugal, and Greece again. The recent, second bailout of Greece was intended to stop such contagion, but that has not gone as planned. Read More

Closing Gold & Silver Market Report – 11/14/2011

NEW GERMAN POLICY SUPPORTS ALLOWING COUNTRIES TO EXIT EURO Precious metals prices have remained relatively steady in afternoon trading. Stock markets around the world rose on news of a 6% jump in Japan’s economy as it finally starts to show signs of recovery after the devastating earthquake and tsunami earlier this year. Some people have voiced belief that the shift in power in Greece and Italy represents a major step toward solving the European debt crisis. On the... Read More
US Dollar Prices are in USD

Precious Metal Prices
4/23/2014 9:07:32 PM EST

Metal Bid Ask Change
Gold $1,285.20 $1,287.20 $0.60
Silver $19.37 $19.47 ($0.02)
Platinum $1,394.90 $1,404.90 $1.00
Palladium $783.00 $788.00 $1.00
4/23/2014 9:07:32 PM EST

Click here for Historical Charts*All Charts are in USD


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