Our Daily Gold & Silver
Market Reports

Morning Gold & Silver Market Report, 5/24/2012

CENTRAL BANKS JUMP BACK ON THE GOLD TRAIN Prices of Precious Metals were boosted this morning by news of purchases from the biggest of spenders. Central banks in Turkey, Ukraine, Mexico, and Kazakhstan increased their Gold holdings in April, according to the International Monetary Fund. Commerzbank AG said, “We regard the centr... Read More

Closing Gold & Silver Report, 5/23/2012

MARKETS FALL AS EUROPEAN FEARS SWELL   Gold retreated today as Europe continued to fan flames of fear worldwide. Markets were in selloff mode, as more than two-thirds of stocks on the New York Stock Exchange lost value, and oil prices fell below $80 a barrel for the first time in eight months. “Concerns over the prospects of Gree... Read More

Morning Gold & Silver Market Report, 5/23/2012

‘EUROCRAT DINNER’ DRAWING ATTENTION   Precious Metals prices are down 1 to 2 percent this morning as investors await news from an informal summit meeting in the eurozone. David Morrison of GFT Markets said, “Although this is little more than a taxpayer funded dinner for eurocrats ahead of the main summit in June, any fur... Read More

Closing Gold & Silver Market Report, 05/22/2012

METALS RETREAT AS DOLLAR CONTINUES TO CLIMB   Currency markets pushed the American dollar higher amid dim hopes for a European solution. Kevin Hebner, a foreign exchange strategist for JPMorgan in London, in a note to clients wrote, “For the second time in six months, Greece’s Economic and Monetary Union exit seems imminent.” F... Read More

Morning Gold & Silver Market Report, 5/22/2012

PRECIOUS METALS CONTINUE TO RIDE EUROZONE TRAIN   Concerns out of the eurozone continue to pull down the euro and strengthen the American dollar, thus pulling down prices. Gold in particular has remained relatively fluid within a certain price range of $1,530 to $1,590. However a key price indicator in the short term continues to be $1,600 an ounce. However, euro pressure continues to be in the dr... Read More

Closing Gold & Silver Market Report 5/21/2012

INVESTORS HAVE BEEN SELLING GOLD, BUT CLARITY WILL SUPPORT HIGHER PRICE   Some analysts suggest that once the smoke clears in the eurozone, Gold prices could start moving back up. Marcus Grubb, managing director of investment at the World Gold Council, shared his thoughts on future Gold prices, saying, “Gold, used an alternative to the U.S. dollar by investors in search of safety, could see a move higher once markets have greater clarity on a resol... Read More

Morning Gold & Silver Market Report 5/21/2012

GOLD, SILVER PRICES SLIGHTLY OFF IN MORNING TRADING    Markets continue to monitor news coming out of the eurozone. Greece wants a new deal with less austerity, but there are no signs Germany is willing to give in. Of course, Greece is not the only problem. Investors will watch Spanish banks for any signs of additional weakness. There are those who are concerned there could be runs on the banks. Eurozone leaders will meet informally in Brussels, Belgi... Read More

Closing Gold & Silver Market Report 5/18/2012

GOOD DAY FOR GOLD, BAD DAY FOR STOCKS   It is generally a safe bet to say that Gold and the American dollar do not move in the same direction, but that trend has not held the past couple of days. Gold bounced sharply off lows, while the dollar continued to go up. Perhaps Gold has decoupled from risk assets and is again attracting investors looking for a safe haven. Certainly there has been disconcerting front page news of late. JPMorgan lost $2 billion and now it ... Read More

Mid-Day Gold & Silver Market Report 5/18/2012

PRECIOUS METALS ON THE RISE; CHINA, GREECE WORRY INVESTORS   Precious Metals prices are on the rise following this morning’s trends. The Gold price in particular is increasing, based on speculation the Federal Reserve may announce further stimulus to give the U.S. economy a healthy boost. Investors are reacting to the assumption by purchasing Gold as a hedge against inflation. Edel Tully at UBS AG in London said, “ Read More

Morning Gold & Silver Market Report 5/18/2012

GOLD RISING FOR SECOND DAY; G8 CONFERENCE SET TO START   Gold and Silver continue their trek higher this week as prices are on the rise this morning. The economic factors still loom large in regards to the eurozone debt crisis. Analyst Bayram Dincer said, “In this multi crisis environment, we are seeing a change in attitude towards risk in Gold, so we are very optimistic. … We got to the point... Read More

Closing Gold & Silver Market Report – 05/17/2012

GOLD CLOSES HIGHER TO END 4-DAY LOSING STREAK   After closing lower for four consecutive trading days, Gold prices rebounded today after hitting a 10-month low. Oil prices continued to declin... Read More

Morning Gold & Silver Market Report – 5/17/2012

METALS REBOUND; ECB SENDS MESSAGE TO GREECE   Precious Metals prices are rebounding this morning, even as American stock futures are recouping losses following the jobless claims report. The report showed that claims held steady with last week’s revised figure of 370,000 new claims filed. The four-week moving average, h... Read More

Closing Gold & Silver Market Report – 5/16/2012

FED REMAINS OPEN TO EASING; GREEK BANKING COLLAPSE POSSIBLE   Precious Metals prices are down on technical selling, and stock markets also are down, as fears of a Greek exit from the euro increase. Those fears are so pronounced that in certain circles it has been given the moniker “Grexit.” Those fears have investors shifting their assets into the United States dollar. Robin Bahr said, “Clearl... Read More

Morning Gold & Silver Market Report – 5/16/2012

GOLD PRICE AWAITS FED ACTION; GOLDMAN SACHS PREDICTS RISE Precious Metals have extended their price decline this morning, and Bill Greiner of Mariner Wealth Advisors said that it has much to do with the Federal Reserve.  “It’s highly possible that we’ll see Gold and commodities in general continue to drift down until the Fed steps in ... Read More

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

EURO TUMBLES AS GREEKS WILL HEAD BACK TO POLLS   After weeks of infighting and deadlock among Greek politicians, party leaders declared their inability to form a unified government. The nation will return to the voting booth to reshuffle the deck again in an election that will essentially amount to a referendum on whether  Greece s... Read More

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

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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