Our Daily Gold & Silver
Market Reports

Morning Gold & Silver Market Report – 5/15/2012

EUROZONE FEARS PERMEATE PRECIOUS METALS MARKET   Precious Metals prices remained relatively steady in overnight trading. Physical demand and better-than-expected German economic data helped maintain prices overnight, but concerns continue over Greece’s role and whether it will stay in the eurozone, adding to the volatile currency market. In a note to its customers, broker Marex Spectron said, “When German GDP came in at 0.5 percent, a lot higher than exp... Read More

Closing Gold & Silver Market Report 5/14/2012

POLITICAL TURMOIL IN GREECE SUGGESTS POSSIBLE EURO EXIT Gold has erased all of its gains earned in 2012, thanks to the current financial situation in Europe. The eurozone’s economic and political crises haves been affecting global markets during the past week. “Worries about Europe are pushing people to the dollar,” said... Read More

Morning Gold & Silver Market Report – 5/14/2012

GOLD DROPS TO 4.5-MONTH LOW ON FALLING EURO   The European debt crisis continues to cause more and more concern, especially after the political deadlock in Greece over the weekend. Gold prices have been moving in tandem with riskier assets for much of the past year, and this European economic uncertainty is fueling movement away from riskie... Read More

Closing Gold & Silver Market Report – 5/11/2012

GOLD, SILVER PRICES FALL INTO WEEKEND   Uncertainty. We are in the middle of one story after another that makes an investor wonder which side is up. JPMorgan reported $2.2 billion in losses. Chesapeake Energy continues to get hammered after questionable acts by its chief executive. No wonder we live in a time of lacking trust. David Darst, chief strategist at Morgan Stanley, spoke of this inves... Read More

Mid-Day Gold & Silver Market Report - 5/11/2012

GOOD NEWS FOR GOLD; PIMCO CALLS FOR QE3   Good news for Gold prices surfaced when a survey conducted by Bloomberg showed that 14 of 32 analysts anticipate prices to gain next week. The Gold price is currently being affected by the political uproar in Europe, which is pushing the euro down, and positive American economic ne... Read More

Morning Gold & Silver Market Report – 5/11/2012

JPMORGAN LOSS ROCKS FINANCIAL MARKETS    Precious Metals prices were down in morning trading, largely on technical selling to cover positions, as financial stocks are reeling over the reported loss by JPMorgan. Speaking about Gold, Phillip Futures analyst Lynette Tan said, “The increase we saw yesterday was a bit of bargain hunting from a three-day losing streak.” However, other Precious ... Read More

Mid-Day Gold & Silver Market Report – 5/10/2012

ANOTHER GREEK VOTE LIKELY; GOLD STEADY   Precious Metals remained relatively steady through the morning. The strength of the United States dollar continues to affect prices, as well as the lingering eurozone debt crisis. Sharps Pixley’s Ross Norman said, “At this particular moment, Gold is telling us the economic crisis in Europe has had a seismic shift. The fact that Gold has collapsed is not surprising. It’s Read More

Morning Gold & Silver Market Report – 5/10/2012

DATA ALLOW EURO TO SLIP INTO BACKGROUND   Gold and Silver prices had recovered from early morning losses, and were hovering close to Wednesday’s closing marks. A slew of data were released this morning. In the United States, jobless claim numbers were slightly above expected levels after revisions to last week’s... Read More

Closing Gold & Silver Market Report - 5/9/2012

BOOST TO AMERICAN DOLLAR ADDS TO ECONOMIC IMPROVEMENT    As the value of the American dollar continued to climb today on Europe’s fiscal worries, it pushed the Gold price down for the day. Silver fell to its lowest price since January. Frank Lesh at FuturePath Trading said, “Currency markets tend to rule in commodities, and Read More

Morning Gold & Silver Market Report – 5/9/2012

GREEK TURMOIL FANS EURO DEBT CRISIS   Precious Metals prices were down in overnight and morning trading. Gold in particular is falling due to the immediacy of the European debt crisis. Between changes in leadership, ultimatums and downgrades, the euro again is on shaky ground. Nic Brown of Natixis said, “It’s not as though the escalation of the political risk in Europe is doing anything positive for Gold prices at all, and this is totally different to ho... Read More

Mid-Day Gold & Silver Market Report – 5/8/2012

EUROZONE CRISIS REARS ITS HEAD AGAIN Precious Metals prices have been down throughout the morning trading session, largely on technical selling and the growing European Union debt crisis. The euro is trading at its lowest levels since January. The uncertainty has led to a rise in strength of the United States dollar. Daniel Smith of Standard Chartered said, “What we’ve seen in recent weeks is rallies have been increasingly weaker on the upside, and that is a warning that we are goi... Read More

Morning Gold & Silver Market Report – 5/8/2012

HEDGE FUND MANAGER: BEWARE ‘TAXMAGEDDON!’ Precious metals and stocks across the globe are trading lower this morning amid the renewed concerns in Europe.  Mike McCudden of Interactive Investor explained, “With the sight of yet more roadblocks on the road to recovery for the euro zone, investors hoping for some positive surprises ... Read More

Closing Gold & Silver Market Report - 5/7/2012

‘GOLD BUGS’ FAVOR THE PRECIOUS YELLOW ASSET   Investors are aware that Gold is a safe haven, but Warren Buffett, a well-known American business magnate, has made it apparent he does not invest in Precious Metals. However, Michael Pento, founder of Pento Portfolio Strategies, gave some interesting facts regarding why “Gold bugs” are choosing the alternative asset rather than following advice from Warren Buffett or Bill Gates. Pento said, “The stock market has gone ... Read More

Morning Gold & Silver Market Report – 5/7/2012

GREEK, FRENCH ELECTIONS SEND EURO, GOLD LOWER   Precious Metals prices were lower, along with stocks, around the globe. The dollar was up, thanks to investors fleeing the euro in search of safety. Weekend elections in the eurozone have many investors concerned. Elections in Greece and France showed a lack of acceptance of needed austerity mea... Read More

Closing Gold & Silver Market Report – 5/4/2012

PRECIOUS METALS RISE AS OIL AND JOBS DATA DISAPPOINT Precious metals are up in afternoon trading. Gold in particular is up after the rather disappointing non-farm payroll report was released. The weaker economy spurs thoughts of possible quantitative easing being back on the table. Fed Chairman Ben Bernanke "had said QE3 is going to be dependent on the incoming data. Next time when he speaks he's going to reemphasize that the Fed is willing to do more," said Axel Merk. He... Read More

Mid-Day Gold & Silver Market Report - 5/4/2012

FISCAL POLICY CRUCIAL IN AMERICAN RECOVERY    Precious Metals prices were slow to move in this morning’s trading. The goal of creating 170,000 jobs for April was not reached, as an employment report earlier today showed only 119,000 jobs had been added. Addressing America’s economy, Robin Bhar at Societe Generate said, “The numbers were less than consensus but beat some more bearish expectations. The $64 million question is what it means for quantitative easi... Read More

Morning Gold & Silver Market Report – 5/4/2012

JOB NUMBERS DISAPPOINT; GREECE IN TROUBLE AGAIN   Precious Metals prices recovered from early losses this morning after the release of April’s employment report by Automatic Data Processing Inc. The report showed that the economy added 119,000 jobs in April, while economists had anticipated the addition of 160,000 jobs... Read More

Mid-Day Gold & Silver Market Report – 5/3/2012

ECB RECOVERY FALTERING; U.S.A.–CHINA STRAIN CONTINUES   Precious metals prices were lower this morning, as better-than-expected jobs data was released, and the euro’s value dropped on renewed sovereign debt crisis concerns. In a note to its investors, Natixis said, “Since the beginning of the year, mint sales in the United States have dropped considerably, indicating a disinterest in the metal on behalf of American retail investors. China’s two principal... Read More

Morning Gold & Silver Market Report – 5/3/2012

POLL SHOWS SAFEST LONG-TERM INVESTMENT IS GOLD   The Gold price is continuing its trend of inversely tracking the American dollar this morning. The dollar is up due to a better-than-expected jobless claims report and less-than-stellar news out of Europe, which is holding the euro in place. While the four-week moving av... Read More

Closing Gold & Silver Market Report - 5/2/2012

MARKET NOT SURE HOW TO REACT; GOOD NEWS FOR GREECE   As active members of the Federal Open Market Committee shared their thoughts about the American economy and Gold demand decreased in India, the yellow metal took a step back in price this week. India has imported 90 tons less in April than it had the same time last year. The number of jobs that were created by American employers was less than expected. Frank McGhee at Integrated Brokerage Services, LLC... Read More

Morning Gold & Silver Market Report – 5/2/2012

JOB CREATION WEAKER THAN EXPECTED; CHINA DEMANDS APOLOGY      Precious metals have remained relatively steady in overnight trading. Stock markets are down on less-than-stellar jobs data. A popular topic among investors is the steadiness that precious metals prices have had over the past few days and weeks. One metals strategist said, “Gold will probably be sitting in limbo for a... 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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