Our Daily Gold & Silver
Market Reports

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

Closing Gold & Silver Market Report - 9/12/2012

PLATINUM UP NEARLY 3 PERCENT; NATIONS WANT PEACEFUL RESOLUTION WITH IRAN As mentioned in the Morning Gold & Silver Market Report, Platinum was heavily affected today after Anglo American Platinum, the number one Platinum producer in South Africa, was forced to shut down some operations by machete-wielding strikers. The metal rose nearly 3 percent for the ... Read More

Mid-Day Gold & Silver Market Report – 9/12/2012

STOCKS REPORT MILD GAINS IN ANTICIPATION OF QE3 U.S. stocks are reporting modest gains today as investors are guarded in anticipation of potential quantitative easing (QE3). Thursday will conclude a two-day session of the Federal Open Market Committee (FOMC) after which many analysts foresee Federal Reserve Chairman Ben Bernanke potentially announcing furt... Read More

Morning Gold & Silver Market Report – 9/12/2012

ANALYST: TIME FOR QE3 Precious Metals are trading higher this morning in anticipation of the Federal Reserve meeting tomorrow. After last week’s dismal jobs report, analysts believe the time is now for the Fed to act. Mike Dueker of Russell Investments wrote, “If many (Federal Open Market Committee) members meant what they said about needing to see ‘substantial and sustainable strengthening in the pace of the economic recover’ in order not to implement a third arou... Read More

Closing Gold & Silver Market Report – 9/11/2012

INVESTORS AWAIT FED ANNOUNCEMENT; CHINA’S ECONOMY REQUIRES EASING Gold is stable for the day as the market is eager to know whether the Federal Reserve will push out further easing for the American economy or continue to sit on the sideline. Not only are investors patiently awaiting the news, but so are expert market watchers, including some at Goldman Sachs who predict the chances of QE3 being announced are greater t... Read More

Mid-Day Gold & Silver Market Report – 09/11/2012

GOLD LIFTED BY WEAKER DOLLAR, U.S. DEBT CONCERNS GROW Gold continues to stay in positive territory through mid-day trading as the U.S. dollar continues to weaken against the euro. Warnings regarding U.S. creditworthiness have added to the expectation the Federal Reserve will take action, encouraging Gold demand. "The overwhelming consensus is in favor of more (quantitative easing) in a significant way. Let's assume that happens. Read More

Morning Gold & Silver Market Report – 9/11/2012

GOLD GAINING MOMENTUM, GERMANY WORRIED ABOUT U.S. DEBT Gold is trading around six month highs today as the euro is gaining strength against the dollar. Gold has a positive relationship to the euro currently and, at +0.75, is at its most positive correlation in two months. There are growing expectations about what will come out of Thursday’s Federal Rese... Read More

Closing Gold & Silver Market Report, 9/10/2012

GOLD PULLS BACK WITH PROFIT TAKING; WHEN WILL EUROPE RESOLVE DEBT ISSUES? Gold’s price is pulling back today as investors began to take profits after the metal continued to sit at a six-month high. Many are predicting this Thursday to be the day in which the United States Federal Reserve will announce new stimulus measures to boost the economy. A Shanghai-based trader commented on the likelihood of another round of quantitative easing and how it cou... Read More

Mid-Day Gold & Silver Market Report – 9/10/2012

SOUTH AFRICAN STRIKES CONTINUE; CITIGROUP ESTIMATES PROBABILITY OF QE3 AT 99% Gold and silver are trading relatively flat today while platinum and palladium are up following news of further unrest surrounding South African miners and leading platinum producer Lonmin plc. Reports were released today that 10,000 striking platinum miners – many of whom were armed with ... Read More

Morning Gold & Silver Market Report – 9/10/2012

The “Bond King”- PIMCO’s Bill Gross says Buy Gold! Bill Gross says to buy gold not bonds. In an interview on Bloomberg News today, Mr. Gross said that to continue believing that stocks or bonds can return 10% is a dying belief. Mr. Gross commented that, “Gold cannot be reproduced. It could certainly be taken out of the ground at an increasing rate but ther... 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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