Our Daily Gold & Silver
Market Reports

Morning Gold & Silver Market Report – 2/17/2012

GOLD UP ON CHINESE DEMAND, GREEK SITUATION, INFLATION WORRIES   Precious metals prices are trading higher this morning thanks to increasing demand, a stronger euro, and inflationary concerns. As mentioned yesterday, data from the World Gold Council showed that China and India generated 49 percent of demand for Gold as ... Read More

Closing Gold & Silver Market Report – 2/16/2012

MOODY’S WARNS OF RATINGS CUTS; PAYROLL TAX CUT DEAL REACHED   Gold prices ended the day higher again today, pushed upward mid-session by a drop in the dollar, as well as the jump in oil prices brought on by the continued tension between Iran, Israel, and the U.S. “With the euro making a bit of recovery in the midday, Gold is getting support from the ... Read More

Mid-Day Gold & Silver Market Report – 2/16/2012

U.S. NURTURING GROWTH; GREEK BAILOUT GAP SEEN  Precious metals prices have begun to rebound from the morning lows. The promising economic data that is being released has boosted stocks and pointed to a growing economy. Normally, Gold moves against the dollar, and with the euro dropping and dollar rising, that was the case earlier this morning. But Gold’s safe-haven appeal has boosted the metal as fears grow over a “hole” in the Greek bailout. Daniel Smith, an ... Read More

Morning Gold & Silver Market Report – 2/16/2012

GOLD BUYING IN CHINA, INDIA, EUROPE CREATES RECORD DEMAND IN 2011   According to the World’s Gold Council’s annual report, the demand for Gold reached an all-time high in 2011. This was largely because of increased buying in China, India and Europe. Germany and Switzerland were the leading buyers in Europe. The report states that the reason for the increased demand in that part of the world is related t... Read More

Closing Gold & Silver Market Report – 2/15/2012

GREECE FIGHTS TO SALVAGE BAILOUT; ANOTHER ROUND OF EASING BY THE FED?   Continued uncertainty about Greece’s bailout and tension between Israel and Iran caused investors to turn to the safe haven of Gold today. The precious metal ended the day up by over $10. Prices for Silver and Platinum ended the day up, as well, with only Palladium experiencing a modest drop. Read More

Closing Gold & Silver Market Report – 2/15/2012

GREECE FIGHTS TO SALVAGE BAILOUT; ANOTHER ROUND OF EASING BY THE FED? Continued uncertainty about Greece’s bailout and tension between Israel and Iran caused investors to turn to the safe-haven of Gold today.  The precious metal ended the day up by over $10.  Prices for Silver and Platinum ended the day up as well, with only Palladium experiencing a modest drop.  Read More

Mid-Day Gold & Silver Market Report 2/15/2012

GOLD IS BETTER STORE OF VALUE, ANALYST SAYS  Gold has maintained its morning gains along with a stronger euro thanks to investors’ curiosity with Greece’s bailout situation. Today’s eurozone finance meeting was canceled and rescheduled as a conference call to discuss whether Greece’s leaders have made sufficient commitmen... Read More

Morning Gold & Silver Market Report – 2/15/2012

EUROPE GETS VOTE OF CONFIDENCE FROM CHINA   Gold and Silver prices rose in overnight trading, and U.S. stock futures are higher after better-than-expected European economic data.  German and French gross domestic product (GDP) numbers beat expectations, though the eurozone’s GDP as a whole contracted b... Read More

Closing Gold & Silver Market Report – 2/14/2012

GREEK BAILOUT DECISION DELAYED AGAIN; SYRIA HEADED FOR ALL-OUT WAR?   Since the Mid-Day Gold & Silver Market Report, precious metals prices have climbed somewhat. Continued uncertainty over Greece’s debt bailout situation has buoyed the dollar, causing a corresponding drop in the price of Gold. However, one precious metals analyst said... Read More

Mid-Day Gold & Silver Market Report 2/14/2012

MOODY’S KEEPS WATCH ON U.K., FRANCE   As the euro fell this morning, so did the price of Gold with the news that Moody’s credit rating agency may begin another round of credit rating downgrades in France and the United Kingdom. Lately, Gold has been more sensitive in price with moves in the euro/dollar exchange rate in the short term. In the pas... Read More

Morning Gold & Silver Market Report – 2/14/2012

EUROPEAN NATIONS NOT SOLD ON GREEK AUSTERITY  Gold pared some losses this morning after reports on retail sales and import and export prices were released. Retail sales rose, though not as much as expected, and the government also revised downward the reading for sales in November. Import and export prices both rose, as well, fairly in line with analysts’ expectations, but those prices fell when no... Read More

Closing Gold & Silver Market Report – 2/13/2012

REPUBLICANS MAY FORGO SPENDING CUTS; OBAMA SEEKS TAX HIKE ON DIVIDENDS   The Gold price continued creeping lower today, ending the day slightly down as investors were encouraged by Greece’s passage of austerity measures required as part of a European debt bailout deal. Despite the passage, there are doubts as whether they will be implemented. About... Read More

Mid-Day Gold & Silver Market Report – 2/13/2012

OBAMA’S BUDGET PROPOSAL NOT LIKELY TO PASS; GERMANY IRED BY GREEK INSULTS   Precious metals prices have been on a short, choppy ride in morning trading. There has been quite a bit of volatility based on technical selling, budget proposals, concern with Greece, and to some extent supply (Platinum). COMEX floor trader Jonathan Jossen said price movement is “ Read More

Morning Gold & Silver Market Report – 2/13/2012

DOLLAR DECLINES, EURO UP ON GREEK AUSTERITY VOTE   True to form, as the chances of a Greek bailout improve, the dollar goes down while pushing the value of the euro up. In early morning trading, both equity and precious metals markets are reacting by going higher. Greek lawmakers voted 199-74 to pass the measures demanded by eurozone... Read More

Closing Gold & Silver Market Report – 2/10/2012

S&P DOWNGRADES 34 ITALIAN BANKS   Standard & Poor’s credit rating agency downgraded 34 Italian banks, saying, “Italy’s vulnerability to external financing risks has increased, given its high external public debt, resulting in Italian banks’ significantly diminished ability to roll over their wholesale debt.” Last month, S&P downgraded Italy’s sovere... Read More

Mid-Day Gold & Silver Market Report – 2/10/2012

GREEKS PUSH BACK ON AUSTERITY   Precious metals prices have continued a downward slide after pushback was received in Greece’s Parliament over austerity measures put in place. Granted, the pushback is coming from minority party members, but at this point any pushback or non-implementation is going to be viewed as a negative. The tenuous situation has caused investors to sell the metal and hang on to cash. Bart Melek, head commodity strategist at TD Secur... Read More

Morning Gold & Silver Market Report – 2/10/2012

GREEK SAGA CONTINUES; GOLD, SILVER SHARPLY LOWER   For weeks now, we have seen a similar pattern emerge in both the equity and precious metals markets. If it looks like a Greek debt deal is about to get done, Gold and Silver prices go up. If news comes out indicating it may not get done, Gold and Silver prices go down. Today, Gold, Silver and equity futures were heading lower as this yo-yo action contin... Read More

Closing Gold & Silver Market Report – 2/9/2012

SAME SONG, DIFFERENT TUNE Precious metals prices were mostly lower this afternoon on news that Greece had secured a debt-resolution deal and will implement austerity measures required to receive the second part of a 130 billion-euro bailout. Some people remain skeptical as to whether this will help Greece and the eurozone debt crisis or just kick the can farther down the road, keeping Gold from falling too far. Another scenario being contemplated is Read More

Mid-Day Gold & Silver Market Report – 2/9/2012

GREEK ODYSSEY GETTING OLD; IRAN TRADES GOLD FOR GOODS   Precious metals prices have been on the rise as news continues to trickle out that Greece has reached a bailout deal, causing the euro to rise and the dollar to drop, enhancing the value of Gold. However, happiness with the deal will play a large part in the outcome for Gold. MLV & Co. senior research analyst Rick Trotman said, “If everyone is really happy with it, Gold could trade down. But if ... Read More

Morning Gold & Silver Market Report – 2/9/2012

JOBLESS CLAIMS FALL AGAIN; GREEK DEAL FINALLY REACHED   U.S. stock futures rose and the U.S. dollar pared losses after the jobless claims report was released this morning. The report showed that claims fell by 15,000 last week, and the four-week moving average dropped by 11,000. The four-week average is typically seen ... Read More

Closing Gold & Silver Market Report – 2/8/2012

QE3 STILL POSSIBLE, FEDERAL RESERVE OFFICIAL SAYS   John Williams, president of the San Francisco Federal Reserve Bank, said today that the Fed might need to launch a third round of asset purchases with printed money, commonly known as quantitative easing, if the economy slows and inflation remains below 2 percent. He said that buyin... 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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