Our Daily Gold & Silver
Market Reports

Morning Gold & Silver Market Report, 8/22/2012

ALL EYES ON THE FED   The primary topic of discussion today will be the release of the minutes from last week’s Federal Reserve meeting. Ahead of that announcement, speculation will abound. Some investors will want more quantitative easing, while others will want more of what we have been getting: inaction. Speaking on CNBC, Art Cashin, director of floor operations at USB, said, “You’re going to n... Read More

Morning Gold & Silver Market Report, 8/21/2012

GOLD PRICE AT TWO MONTH HIGH, BREAKS KEY LEVEL   The Gold price was at a two month high this morning, tracking the euro upward. VTB Capital analyst Andrey Kryuchenkov said, “A break above $1,630 is very significant, as we breach the June-July and early August range. Buy orders were triggered, with the dollar index also slipping below support … a... Read More

Closing Gold & Silver Market Report, 8/20/2012

FEAR DRIVES PRECIOUS METALS PRICES    Bullion prices have risen on investors’ hopes for further stimulus measures from policy makers. Commenting on a higher Gold price today, Chintan Karnani, chief analyst at Insignia Consultants in New Delhi, said, “Prices continued to trade in a tight range amid a lack of major news from the U.S. or Europe.” Investors began buying more Platinum on growing concerns ou... Read More

Mid-Day Gold & Silver Market Report, 8/20/2012

INVESTORS KEEP WAITING FOR QE3   The stock market is down today as American investors paused following six straight weeks of gains on the Dow Jones Industrial Average. Also, European officials exposed a supposed plan to cap European bond yields, which hindered investor confidence even as the European Central Bank insists that no decision on the... Read More

Morning Gold & Silver Market Report, 8/20/2012

GOLD, PLATINUM PRICES RETREAT FROM RECENT GAINS   The early morning trading hours have seen Precious Metals prices going slightly lower. Gold investors have been largely on the sidelines, as they await further announcements later this week from eurozone policy makers. Several rounds of talks are scheduled between Germany, France, Greece and the... Read More

Closing Gold & Silver Market Report, 8/17/2012

GLOBAL INVESTOR SOROS SELLS STOCKS, BUYS GOLD   George Soros, a famous global investor, sold his shares in American financial stocks and used the proceeds to buy Gold. It is worth noting that he did so at a time when the Dow crossed 13,000, its highest level since April 2008. Soros also is noted for his close ties with the Ob... Read More

Mid-Day Gold & Silver Market Report, 8/17/2012

MIXED BAG OF ECONOMIC DATA KEEPS GOLD IN TIGHT RANGE   The Gold price remained steady through mid-day, following the euro as Gold continues to track currency markets. Ross Norman, chief executive officer of Sharps Pixley, commented on recent news of slowing Gold demand by saying, “You’d think Gold would subside, but it has performed well, responding to small optimism on euro gains and dollar weakness.” This positive sentiment comes amid growing concern o... Read More

Morning Gold & Silver Market Report, 8/17/2012

GERMAN CHANCELLOR BACKS EURO, MAY NOT BACK GREECE   American stock futures received a boost this morning, thanks to German Chancellor Angela Merkel. Overnight, Merkel reaffirmed Germany’s commitment to the euro, much like what European Central Bank President Mario Draghi said recently. “With Merkel voicing her support for ... Read More

Closing Gold & Silver Market Report, 8/16/2012

CENTRAL BANKS MAY REACH RECORD YEAR AS NET BUYERS OF PRECIOUS METALS   The World Gold Council (WGC) reported today that Gold demand fell to its lowest point in over two years during the second quarter. The fluctuation with Gold demand is due to key consumers such as India and China acquiring less, offsetting a notable quarter for central bank acquisitions. Marcus Grubb at WGC commented on how central banks may set a record with their increased Precious Metals hold... Read More

Morning Gold & Silver Market Report, 8/16/2012

GOLD BEING PULLED IN BOTH DIRECTIONS   Precious Metals prices recovered slightly after two economic reports were released this morning. United States housing starts and jobless claims were worse than expected. Economists expected housing starts to rise slightly, but they fell by 1.1 percent. Economists also expected a rise of about 1,000 in new jobless claims, but the real result was slightly ... Read More

Closing Gold & Silver Market Report, 8/15/2012

CONFIDENCE RENEWED IN GOLD; POSITIVE DATA ALLAYS EASING   The Gold price experienced little movement today, staying just above $1,600 per ounce for most of the day. The yellow metal was heavily talked about once it was reported that longtime gold bull John Paulson has confidence that the Precious Metal is a long term currency and inflation hedge. This reassured investors that Gold’s price ca... Read More

Morning Gold & Silver Market Report – 8/15/2012

IS THE EURO CURRENCY ALREADY DEAD? Precious metals recovered from early losses this morning after the release of the Consumer Price Index showed the smallest year-over-year increase in nearly two years.  The better-than-expected report could support the Federal Reserve’s looming decision on another round of monetary stimulus.  Also, a key business gauge contracted unexpectedly for the first tim... Read More

Morning Gold and Silver Market Report, 8/14/2012

REPORTS BRING OPTIMISM FOR EUROZONE, AMERICA   The morning news is optimistic for the economy based on renewed growth figures from Europe. The seesaw effect of Europe’s ups and downs is reversing Monday’s price drops, as prices again were going up. Tuesday data is showing Gross Domestic Product output for the eurozone region was in line with expectations: Read More

Closing Gold & Silver Market Report, 8/13/2012

AMERICA WAITING; CONCERNS MOUNT ABOUT EUROZONE CORE   The Gold price fell slightly Monday, as investors took earnings after last week’s gains. “Everybody seems to be waiting for this huge money printing that they think is going to happen, which hasn’t happened yet. So, nobody really wants to bet against it, but at the same time they don’t want to go long,” said Doug Roberts, chief invest... Read More

Mid-Day Gold & Silver Market Report, 8/13/2012

JAPAN JOINS THE ‘DISAPPOINTING REPORTS’ CLUB   American stocks dropped today following a five week rally in the Dow Jones Industrial Average. The dip comes following news of disappointing economic data from Japan. Economists projecting 2.7 percent growth in Japan’s Gross Domestic Product in the second quarter received figures... Read More

Morning Gold & Silver Market Report, 8/13/2012

GOLD, SILVER HOLDING ON TO RECENT GAINS   Precious Metals and equity markets were flat this morning as concerns about global growth continue to provide headwinds. Japan’s economy only grew by 1.4 percent, when it was projected to grow at 2.5 percent. Markets were down initially but have recovered on new hopes for further Read More

Closing Gold & Silver Market Report, 8/10/2012

CENTRAL BANK REACTIONS KEY TO SURVIVING   The euro rebounded in afternoon trading today, which helped Gold, Silver, and many stocks to rebound from early losses, as well. China is now firmly in the mix as one of the global problems, said Sandy Lincoln of BMO Asset Management U.S. “It’s Europe, China, and the U.S. as the three bi... Read More

Morning Gold & Silver Market Report, 8/10/2012

FALLING IMPORT PRICES COULD SUPPORT MORE EASING    Import prices in the United States fell unexpectedly in July, extending the streak to four months of declines. The decline in import prices could be one more reason for the Federal Reserve to ease monetary policy further. Historically, tools such as quantitative easing have been very supportive of Precious Metals prices. The possi... Read More

Closing Gold & Silver Market Report, 8/9/2012

THE PRICE OF GOLD AND CRUDE OIL STABILIZE  Precious Metals across the board remained flat through the day. A belief that further stimulus measures will be pushed out by central banks is providing the substance Gold needs now. Charles Nedoss at Kingsview Financial said, “Continued hopes of more quantitative easing in key economies and fears of in... Read More

Morning Gold & Silver Market Report, 8/9/2012

ECONOMIC REPORTS BETTER THAN EXPECTED; GOLD STAGNATES   American stock futures and Precious Metals rebounded this morning after two economic reports were released. The trade deficit narrowed to the smallest gap in nearly two years, and weekly jobless claims fell Read More

Closing Gold & Silver Market Report, 8/8/2012

WHEN WILL EUROPE FINANCIALLY SECURE ITSELF?   Gold’s price remained steady today as many investors await central banks to disclose future stimulus plans. Ole Hansen at Saxo Bank said,  “I think investors inherently want to see it (the Gold price) higher and are worried about missing the boat. Liquidity is at a premium this time of year, and it does not take much to drive (the market... 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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