Our Daily Gold & Silver
Market Reports

Morning Gold & Silver Market Report – 4/2/12

GOLD, SILVER PRICES SLIGHTLY LOWER IN OVERNIGHT TRADING    Gold futures declined largely on concerns about events in India and Turkey. Jewelry stores in India are on strike against recent government taxes on Gold, which has reduced Gold imports from Turkey. The weaker jewelry demand is not currently offset by investment demand, ... Read More

Closing Gold & Silver Market Report

EUROZONE WORRIES ABATE; U.S. READIES SANCTIONS OVER IRAN     Precious metals prices were on the rise this afternoon following the dollar’s decline and a rise in oil prices. The dollar’s decline came on the heels of the euro’s rise, which was due to the addition of funds to the eurozone’s financial firewalls. In a note to analysts, HSBC officials wrote, “In the near term, Gold prices may be influenced by the effectiveness of the eurozone’s plan ... Read More

Mid-Day Gold & Silver Market Report 3/30/2012

CONSUMER CONFIDENCE UP, BUT QE3 STILL POSSIBLE   The Gold price continues to hold steady thanks to a stronger euro after finance ministers came to an agreement to increase Europe’s firewall to an estimated 800 billion euros. Anticipation is building among Gold investors who believe negative U.S. data might be forthcoming in the second quar... Read More

Morning Gold & Silver Market Report – 3/30/12

BOOST TO EUROZONE BAILOUT FUND PROVIDES BOOST TO METALS   Precious metals and U.S. stock futures received a boost this morning, mainly due to a boost of a different kind. A statement from eurozone finance ministers this morning read, “All together, the euro area is mobilizing an overall firewall of approximately 800 billion euros, more than 1 trillion dollars,” to help protect against the spre... Read More

Closing Gold & Silver Market Report – 3/29/2012

GOLD GAINS IN AFTERNOON TRADING; FED CHAIRMAN SAYS CENTRAL BANKS SHOULD DEFUSE THREATS   Since the posting of the Mid-Day Gold & Silver Market Report, the Gold price has climbed back into positive territory. Yesterday saw the price end down; during today’s trading, the precious metal has fluctuated between small losses and gains. Adam Klopfenstein, market strategist with Archer Financial, said Read More

Mid-Day Gold & Silver Market Report – 3/29/2012

DOLLAR GAINS ON EURO FEARS; JEWELERS STRIKE ONGOING IN INDIA   Oil prices have declined, and the dollar is gaining over growing fears revolving around Spain’s less-than-stellar budget. Austerity measures are proving quite unpopular in Spain. The physical demand for Gold remains high in China, but the jewelers’ strike in India continued into a 13th day, which has hindered demand in the world’s top Gold-buying country. Nic Brown of Natixis said, “In the ne... Read More

Morning Gold & Silver Market Report – 3/29/2012

EMERGING ECONOMIES’ GROUP SCOLDS WESTERN POWERS   Gold and Silver are enjoying slight gains this morning after choppy overnight trading. U.S. stock futures are down, due in part to a disappointing jobless claims report. After seasonal adjustments, last week’s jobless claims were revised upward by 4.6 percent, slightly mitigating this week’s drop of 5,000. A positive move for the dollar seems t... Read More

Closing Gold & Silver Market Report – 3/28/2012

DURABLE GOODS REPORT HINTS AT GROWING ECONOMY   Gold prices moved below $1,660 an ounce today, as profit-taking was accelerated late in the session by a COMEX options expiration. The failure of Gold to breach $1,700 is being seen as a key resistance level. A smaller-than-expected increase in U.S. manufactured goods orders added to downward pressures as the dollar moved to session highs versus ... Read More

Mid-Day Gold & Silver Market Report 3/28/2012

AMERICANS SEE GOLD AS BEST INVESTMENT, SURVEY SHOWS    According to Goldman Sachs, Gold’s price is too low compared to real interest rates. Gold is an asset that protects an investor against the possibility of the unknown, such as a Black Swan event. Recently, Matthew Lynn of Strategy Economics commented on the buying power by central banks in regards to Gold. Lynn said, “By holding... Read More

Morning Gold & Silver Market Report – 3/28/2012

CENTRAL BANKS’ BUYING MAY ADD ‘ROCKET FUEL’ TO GOLD’S PRICE, WRITER SAYS   Precious metals prices were down this morning, after the Gold price failed to push through a key resistance level yesterday. U.S. stock futures gave up some gains after a report on Read More

Closing Gold & Silver Market Report – 3/27/2012

CONSUMER CONFIDENCE DROPS, INFLATION CONCERNS RISE   A report released today from The Conference Board industry group showed consumer confidence dropping and Read More

Mid-Day Gold & Silver Market Report – 3/27/2012

GOLD DIPS ON FED REMARKS; STOCKS DOWN ON CONSUMER CONFIDENCE, HOME PRICE DATA   Since the posting of the Morning Gold & Silver Market Report, the Gold price has seen a dip, pushed lower by remarks from U.S. Federal Reserve Chairman Ben Bernanke and less-than-rosy data on consumer confidence and home prices. The Fed chairman essentially assured th... Read More

Morning Gold & Silver Market Report – 3/27/2012

FED CHAIRMAN’S COMMENTS SUPPORTING GOLD, HAMPERING STOCKS   Gold is gaining some ground this morning, continuing to be boosted by yesterday’s comments by Federal Reserve Chairman Ben Bernanke. Bayram Dincer of LGT Capital Management said, “The possibility of accommodative monetary policy if certain conditions, such as employ... Read More

Closing Gold & Silver Market Report – 3/26/2012

NOTED INVESTOR EMBRACING GOLD AGAIN ON FED CHAIRMAN’S COMMENTS     Precious metals prices have been on the rise throughout afternoon trading on the heels of the potential for further monetary easing that Federal Reserve Chairman Ben Bernanke spoke of earlier today. That news led noted investor Dennis Gartman change his previously held position and re-enter the American Gold market. He said, “Sometimes you get lucky. … Read More

Mid-Day Gold & Silver Market Report 3/26/2012

U.S. ECONOMY DRAWING MIXED VIEWS   Gold’s price is up more than 1 percent today thanks to a stronger euro and comments from Federal Reserve Chairman Ben Bernanke, who is calling for faster U.S. economic growth. “I think it (Gold’s price rose) on the back of Bernanke’s comments, which people have taken to mean that further funding might be required,” said Simon Weeks, head of precious metals at Scotia Mocatta. “I think people have taken that to mean that Read More

Morning Gold & Silver Market Report – 3/26/2012

MARKETS CLIMB AFTER FED CHAIRMAN’S REMARKS  Speaking this morning in Washington, D.C., Federal Reserve Chairman Ben Bernanke expressed concerns that the recent trend in job growth can be sustained. The primary factor behind the weak job market is weak demand and not structural, such as the lack of skills in the workforce. Bernanke s... Read More

Closing Gold & Silver Market Report – 3/23/2012

GOLD RISES ON DOLLAR’S DROP; IRAN USING GOLD TO GET AROUND SANCTIONS   Precious metals prices have been on the rise today and are set to close higher, curbing the three-week overall decline. The climb today was relative to sharp movements in markets. Oil prices rose, and the dollar’s value dropped. The poor showing in home sales data has rekindled hopes the Fed will offer more easing. Head of commodity research Nic Brown of Natixis in London said, “We th... Read More

Mid-Day Gold & Silver Market Report 3/23/2012

ANALYST SEES GOLD PRICE ADVANCING   Gold’s price was rising following positive movement of the euro. Recent optimistic data is boosting hopes for a stronger U.S. economic future, which in turn has pushed the yellow metal down by nearly 3 percent this month. “We don't see a huge amount of downside for Gold prices from current levels, and we would be lookin... Read More

Morning Gold & Silver Market Report – 3/23/2012

STOCKS DECLINE NOT SURPRISING; EASY MONETARY POLICY COULD BE DETRIMENTAL TO U.S. U.S. stock futures are pointing towards an uneventful start for Wall Street this morning.  Unease has entered the markets, and Rebecca O’Keefe of Interactive Investor isn’t shocked.  “The six-month equity rally has been built on lower-than-norm... Read More

Closing Gold & Silver Market Report – 3/22/2012

FED REASSURES ON VOLCKER RULE; IRELAND IN ANOTHER RECESSION Since the Mid-Day Gold & Silver Market Report, prices for precious metals have edged up slightly. The stronger dollar pushed Gold down today, although today’s session saw the dollar give ground versus other currencies in the end, Read More

Mid-Day Gold & Silver Market Report 3/22/2012

CRUDE OIL PRICES FALL; CONTAGION FEARS GROW FOR EUROZONE   Precious metals prices remain down across the board following this morning’s trading. Indications of slowing growth in China and Germany strengthened the U.S. dollar, which pushed the price of Gold down. The Gold price traditionally moves opposite of the U.S. dollar. Crud... 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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