Our Daily Gold & Silver
Market Reports

Closing Gold & Silver Market Report, 05/31/2012

TREASURY YIELDS AT ALL TIME LOW AS INVESTORS FLEE RISK   Interest rates on 10 year Treasury bonds hit their lowest point ever today as more investors fled risky assets, also driving stocks to continue their recent slump. Interest rates on bonds fall when there is greater demand in the market. “If you look at the global ... Read More

Morning Gold & Silver Market Report, 5/31/2012

EMPLOYMENT DATA DISAPPOINTS; SPAIN HAS CRISES American stock futures and European stocks fell this morning after the release of the monthly jobs report by payroll processor Automatic Data Processing Inc. The report showed a worse than expected gain of 133,000 jobs from April to May, and last month’s numbers were revised down by 6,000. Read More

Closing Gold & Silver Market Report, 5/30/2012

HOUSING DATA, EUROZONE BOOST GOLD’S SAFE HAVEN APPEAL   Precious Metals prices have been on quite a journey today. As eurozone issues continued to simmer and disappointing domestic housing data were released, early morning losses were replaced with gains throughout midday and afternoon trading. Portfolio manager James Dailey said, “This morning’s reversal is indicative that people are starting to come to grips with the fact that there isn’t any fast and ... Read More

Morning Gold & Silver Market Report, 5/30/2012

TROUBLED SPAIN MIGHT EXIT EUROZONE   American stock futures and Precious Metals are trading lower this morning in the wake of another credit rating downgrade in Spain. Borrowing costs in that country soared, and it has now become a matter of when, not if, a bailout will be necessary. Reports are also showing that the Europe... Read More

Morning Gold & Silver Market Report, 5/29/2012

GOLD PRICES TIED TO EURO, DOLLAR STRENGTH   Through the weekend, Precious Metals prices have remained relatively even, but prices took a quick jump as American markets opened. Precious Metals prices tracked a bit higher as the euro continued to climb back from a nearly two year low against the dollar. Both currencies are susceptible to the ongoing eurozone debt crisis. Commodities consultant Peter Fertig said, “Gold will be in a critical position at leas... Read More

Closing Gold & Silver Market Report, 5/25/2012

METALS RALLY AHEAD OF HOLIDAY; SPAIN FACES BANKING TROUBLE   Precious Metals continued to rally through afternoon trading. The euro recouped some losses through the week, which helped boost prices. Gold felt the brunt of investor selloffs in other markets. However, ahead of the holiday weekend, not a lot of position changes were expected with bullion or currencies. The eurozone continues to be the... Read More

Mid-Day Gold & Silver Market Report, 5/25/2012

WEALTH MANAGER SUPPORTS GOLD IN PORTFOLIOS        Fluctuations in the Gold price the past two weeks have made investors reluctant to buy the metal. However, Michael Yoshikami, founder and chairman with Destination Wealth Management, spoke with CNBC regarding reasons why Gold should be included in one’s portfolio. Yoshikami takes into account how central banks have most recently become net buyers of Gold to protect themselves and diversify ... Read More

Morning Gold & Silver Market Report, 5/25/2012

EXPECTATIONS OF EURO STIMULUS HOLDS MARKETS   Precious Metals, stocks and currencies all seem to be trading quietly this morning. Many investors are expecting the European Central Bank to announce some sort of stimulus or support the markets some other way soon. However, strategists at Barclays said, “The bottom line is that in... Read More

Closing Gold & Silver Market Report, 5/24/2012

PRECIOUS METALS JOSTLED BY CURRENCIES   Precious Metals prices have been relatively volatile throughout the day, ultimately settling higher and bringing an end to a downward trend over the past few days. The American dollar was down earlier in the day but rallied through the afternoon. There was also some technical maneuverings ahead of a c... Read More

Morning Gold & Silver Market Report, 5/24/2012

CENTRAL BANKS JUMP BACK ON THE GOLD TRAIN Prices of Precious Metals were boosted this morning by news of purchases from the biggest of spenders. Central banks in Turkey, Ukraine, Mexico, and Kazakhstan increased their Gold holdings in April, according to the International Monetary Fund. Commerzbank AG said, “We regard the centr... Read More

Closing Gold & Silver Report, 5/23/2012

MARKETS FALL AS EUROPEAN FEARS SWELL   Gold retreated today as Europe continued to fan flames of fear worldwide. Markets were in selloff mode, as more than two-thirds of stocks on the New York Stock Exchange lost value, and oil prices fell below $80 a barrel for the first time in eight months. “Concerns over the prospects of Gree... Read More

Morning Gold & Silver Market Report, 5/23/2012

‘EUROCRAT DINNER’ DRAWING ATTENTION   Precious Metals prices are down 1 to 2 percent this morning as investors await news from an informal summit meeting in the eurozone. David Morrison of GFT Markets said, “Although this is little more than a taxpayer funded dinner for eurocrats ahead of the main summit in June, any fur... Read More

Closing Gold & Silver Market Report, 05/22/2012

METALS RETREAT AS DOLLAR CONTINUES TO CLIMB   Currency markets pushed the American dollar higher amid dim hopes for a European solution. Kevin Hebner, a foreign exchange strategist for JPMorgan in London, in a note to clients wrote, “For the second time in six months, Greece’s Economic and Monetary Union exit seems imminent.” F... Read More

Morning Gold & Silver Market Report, 5/22/2012

PRECIOUS METALS CONTINUE TO RIDE EUROZONE TRAIN   Concerns out of the eurozone continue to pull down the euro and strengthen the American dollar, thus pulling down prices. Gold in particular has remained relatively fluid within a certain price range of $1,530 to $1,590. However a key price indicator in the short term continues to be $1,600 an ounce. However, euro pressure continues to be in the dr... Read More

Closing Gold & Silver Market Report 5/21/2012

INVESTORS HAVE BEEN SELLING GOLD, BUT CLARITY WILL SUPPORT HIGHER PRICE   Some analysts suggest that once the smoke clears in the eurozone, Gold prices could start moving back up. Marcus Grubb, managing director of investment at the World Gold Council, shared his thoughts on future Gold prices, saying, “Gold, used an alternative to the U.S. dollar by investors in search of safety, could see a move higher once markets have greater clarity on a resol... Read More

Morning Gold & Silver Market Report 5/21/2012

GOLD, SILVER PRICES SLIGHTLY OFF IN MORNING TRADING    Markets continue to monitor news coming out of the eurozone. Greece wants a new deal with less austerity, but there are no signs Germany is willing to give in. Of course, Greece is not the only problem. Investors will watch Spanish banks for any signs of additional weakness. There are those who are concerned there could be runs on the banks. Eurozone leaders will meet informally in Brussels, Belgi... Read More

Closing Gold & Silver Market Report 5/18/2012

GOOD DAY FOR GOLD, BAD DAY FOR STOCKS   It is generally a safe bet to say that Gold and the American dollar do not move in the same direction, but that trend has not held the past couple of days. Gold bounced sharply off lows, while the dollar continued to go up. Perhaps Gold has decoupled from risk assets and is again attracting investors looking for a safe haven. Certainly there has been disconcerting front page news of late. JPMorgan lost $2 billion and now it ... Read More

Mid-Day Gold & Silver Market Report 5/18/2012

PRECIOUS METALS ON THE RISE; CHINA, GREECE WORRY INVESTORS   Precious Metals prices are on the rise following this morning’s trends. The Gold price in particular is increasing, based on speculation the Federal Reserve may announce further stimulus to give the U.S. economy a healthy boost. Investors are reacting to the assumption by purchasing Gold as a hedge against inflation. Edel Tully at UBS AG in London said, “ Read More

Morning Gold & Silver Market Report 5/18/2012

GOLD RISING FOR SECOND DAY; G8 CONFERENCE SET TO START   Gold and Silver continue their trek higher this week as prices are on the rise this morning. The economic factors still loom large in regards to the eurozone debt crisis. Analyst Bayram Dincer said, “In this multi crisis environment, we are seeing a change in attitude towards risk in Gold, so we are very optimistic. … We got to the point... Read More

Closing Gold & Silver Market Report – 05/17/2012

GOLD CLOSES HIGHER TO END 4-DAY LOSING STREAK   After closing lower for four consecutive trading days, Gold prices rebounded today after hitting a 10-month low. Oil prices continued to declin... Read More

Morning Gold & Silver Market Report – 5/17/2012

METALS REBOUND; ECB SENDS MESSAGE TO GREECE   Precious Metals prices are rebounding this morning, even as American stock futures are recouping losses following the jobless claims report. The report showed that claims held steady with last week’s revised figure of 370,000 new claims filed. The four-week moving average, h... 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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