Our Daily Gold & Silver
Market Reports

Morning Gold & Silver Market Report – 3/16/2012

CONSUMER PRICES FLAT; SYRIAN BLOODSHED CONTINUES; N. KOREA PLANS ROCKET LAUNCH   Precious metals prices moved lower in overnight trading, and remained so after the latest consumer price index (CPI) report was released. Forecasters expected the CPI would rise about 0.5 percent, and the number came in at 0.4 percent. Co... Read More

Closing Gold & Silver Market Report – 3/15/2012

BARGAIN HUNTING LIFTS GOLD PRICE; OIL RELEASE REPORT ‘INACCURATE’    The Gold price has continued to climb since the Mid-Day Gold & Silver Market Report. Prices have trended downward this week as investors sold off Gold in response to Federal Reserve meeting Tuesday. However, the metal bounced back today as a result of purchases by bargain... Read More

Mid-Day Gold & Silver Market Report – 3/15/2012

GOLD PRICE HOLDS STEADY; U.S., U.K. TO RELEASE OIL   Gold has continued to hold onto modest opening gains, as the drop from previous sessions is attracting bargain hunters. The metal may be vulnerable to more selling, if easing expectations continue to fade and the dollar continues to strengthen. In a note to its investors, Commerzbank wrote, “As the price falls below important support levels, we may see further selling on the part of money managers. We ... Read More

Morning Gold & Silver Market Report – 3/15/2012

U.S. JOBLESS CLAIMS DIP; EU TAXPAYERS TAKE HIT   U.S. stock futures rose after the weekly report on jobless claims was released. Although last week’s claims number was revised slightly upward, the drop this week of 14,000 matches a four-year low. Read More

Closing Gold & Silver Market Report – 3/14/2012

PLATINUM MAINTAINS LEAD OVER GOLD; TREASURIES FORETELL HIGHER RATES? Since the Mid-Day Gold & Silver Market Report, prices for the four precious metals have continued to decline, with Gold in particular ending the day down more than $50. The dollar continued to gain strength today as it reacted to yesterday’s news from the Federal Reserve that interest rates w... Read More

Mid-Day Gold & Silver Market Report – 3/14/2012

PRECIOUS METALS TUMBLE; ECONOMY IMPROVING? Precious metals prices have reacted to Tuesday’s meeting of the Federal Open Market Committee (FOMC). Late Tuesday afternoon, prices began to drop. Prices leveled a bit this morning but have started falling over the course of this morning. Saxo Bank’s Ole Hansen said, “We saw the 10-year (U.S.) government bond yield breaking out of the holding pattern it’s been trading in for the last five or six months. That’s one of the... Read More

Morning Gold & Silver Market Report – 3/14/2012

GOLD, SILVER DIP ON ECONOMIC OPTIMISM   Gold and Silver prices were plunging as a result of new optimism for the economic recovery in the U.S. and around the world. Tuesday, Federal Reserve Chairman Ben Bernanke diminished the likelihood of QE3. Bernanke continued his position that the economy was recovering, although slower than many might like, but still quickly enough not to require further... Read More

Closing Gold & Silver Market Report – 3/13/2012

GOLD DROPS BELOW $1,700 PER OUNCE; NO QE3 SIGNS FROM FED   After today’s Federal Reserve meeting today came and went without any hints of future quantitative easing, the price of Gold declined significantly in afternoon trading, ending the day below $1,700 per ounce. Gold historically moves opposite the U.S. dollar, and with the dollar up after today’s ... Read More

Mid-Day Gold & Silver Market Report – 3/13/2012

PLATINUM OVERTAKES GOLD; STRONGER DOLLAR ANTICIPATED   Platinum appears to be leading the midday charge, as its price climbed above the Gold price for the first time in six months. Platinum’s price increase has been propelled by supply and production issues in South Africa. Nic Brown at Natixis said, “We have been ragingly bullish on Platinum this year. We perhaps got in a tiny bit too early, ... Read More

Morning Gold & Silver Market Report – 3/13/2012

GOLD WAITING ON FED CHAIRMAN’S WORDS; SPAIN’S PROBLEMS WORSE THAN GREECE’S   Gold has seen mixed trading overnight and was sitting lower than yesterday’s closing price this morning. The Federal Open Market Committee (FOMC) meeting later today isn’t expected to produce any substantial news. The likelihood of further monetary easing by the Federal Reserve has taken a hit with the best six-month period of job gains in nearly six years. Nic Brown of Natixis ... Read More

Closing Gold & Silver Market Report – 3/12/2012

MARKETS SLIP ON CHINESE DEFICIT NEWS; THIRD GREEK BAILOUT HINTED Precious metals prices have generally held steady since the Mid-Day Gold & Silver Market Report, with Gold, Silver, and Platinum experiencing slight gains since noon. Only Palladium dipped further in afternoon trading. Prices for precious metals and stocks were down today in response to data... Read More

Mid-Day Gold & Silver Market Report – 3/12/2012

FED TO MEET TUESDAY; PORTUGAL NEXT IN DEBT-RELIEF LINE?   Precious metals prices have remained relatively steady through morning trading, thanks to a fairly slow news day. But there remains an undercurrent of uncertainty affecting markets. The planned Federal Reserve meeting Tuesday is expected to be low key, and the Greek debt deal is proceeding in an orderly fashion. Low interest rates are viewed as a boost for Gold. Analyst Walter de Wet said, “We hav... Read More

Morning Gold & Silver Market Report – 3/12/2012

ANY EURO REBOUND LIKELY GOOD FOR GOLD   The world’s largest banks are looking more favorably at the euro, as they see the European Central Bank (ECB) providing unlimited cash to the European financial system. Bloomberg news surveyed more than 50 strategists and reported that their median estimate predicts a stronger... Read More

Closing Gold & Silver Market Report – 3/9/2012

GREEK DEAL HAS SKEPTICS; JOBS REPORT BOOSTS MARKETS   The Gold price has continued to climb since the Mid-Day Gold & Silver Market Report. News that more than 80 percent of Greece’s private bondholders have accepted the debt swap deal has pushed the precious metal’s price upward and possibly cleared the way for a new bailout. Although ... Read More

Mid-Day Gold & Silver Market Report – 3/9/2012

CHINA’S GROWTH SLOWS; GREECE TO REQUIRE THIRD BAILOUT? Gold has reversed course during midday trading, moving off the lows triggered by the better-than-expected U.S. jobs report. The domino effect of events starts with that report. More jobs gives speculators the sense that there will be higher demand for oil, which caused the pr... Read More

Morning Gold & Silver Market Report – 3/9/2012

GOLD, SILVER PRICES FALLING AFTER JOBS REPORT      This morning’s jobs report came in slightly better than expectations, driving down precious metals prices. Economist had projected a net of 210,000 new jobs, and the number reported was 227,000. This was not enough to move the jobless rate off 8.3 percent, but the report still points to a slow recovery. The warming trend we experienc... Read More

Closing Gold & Silver Market Report – 3/8/2012

GREEK BONDHOLDERS ON BOARD; MARKETS RALLY ON NEWS   Prices for precious metals continued to climb today. The growing optimism over Greece completing its debt-swap deal with private bondholders has helped strengthen the euro. Gold and the euro historically have had a positive correlation to one another, and the recent rise an... Read More

Mid-Day Gold & Silver Market Report - 3/8/2012

INVESTORS STEER TOWARD GOLD; OUTLOOK FOR GREEK DEAL ENCOURAGING   Precious metals prices are up following morning trends. For the past two days, the U.S. dollar’s strength has decreased compared to the euro, which has pushed Gold up. Investors seem to be feeling more comfortable with the yellow metal versus green paper. Greece is working constructively on its debt bond swap, and it appears the deal may reach a successful closure by today’s deadline... Read More

Morning Gold & Silver Market Report – 3/8/2012

JOBLESS CLAIMS REPORT DISAPPOINTS; GOLD, SILVER GAIN   New claims for unemployment benefits took a surprising turn upward for last week, increasing by 8,000. Although not considered significant enough to change perceptions that the job market is improving, it still went in the wrong direction. Economists polled by Reuters expected the number of claims to re... Read More

Closing Gold & Silver Market Report – 3/7/2012

SOME HEDGE FUNDS REFUSING GREEK SWAP; QE3 MORE LIKELY? In afternoon trading, prices of the four precious metals were pushed upward as markets reacted to private-sector job numbers and news that the Federal Reserve is considering a new program of bond buying. The Gold price broke a three-day downward trend, ending the day up by nearly $12. The price for the met... Read More

Mid-Day Gold & Silver Market Report – 3/7/2012

OPTIMISM SEEN IN GREECE; CHINA RAILS AGAINST U.S. TRADE   Precious metals have maintained their positions in positive territory today. The euro recovery and physical demand out of Asia are keeping prices higher. The jobs data announced earlier today and the growing support for consolidating Greek debt has helped the overall outlook for Gold. Trader Frank Lesh said, “There is some positive news out there for the economy, and that is 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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