Our Daily Gold & Silver
Market Reports

Morning Gold & Silver Market Report – 2/8/2012

GREECE MISSES DEADLINES; IRAN A MILITARY CONCERN?   Precious metals prices have remained relatively steady in overnight trading. Greece’s difficulty in reaching an agreement on its debt crisis continues to be an albatross around the neck of the global economic outlook. Commodity strategist Jeff Friesen said, “If Greece were to agree on everything right away, I don't think it would solve everything, because they will still have to implement the measures. ... Read More

Closing Gold & Silver Market Report – 2/7/2012

MORE DELAYS FOR GREECE; PIMCO CEO FAVORS GOLD Gold continued its rise this afternoon, ending the day up as the dollar fell. According to Jim Steel, precious metals analyst with HSBC, “We are showing a quite strong rally in the gold market.” Steel pointed to Fed Chairman Ben Bernanke’s statements to Congress today that continued to indicate more monetary easing is on the way,... Read More

Mid-Day Gold & Silver Market Report – 2/7/2011

MIDDLE EAST IN FOREFRONT AGAIN; HOPE BUILDS ON GREEK DRAFT   Precious metals prices are on the rise since the Morning Gold & Silver Market Report. Greek progress toward debt resolution, concerns over the Middle East and Federal Reserve Chairman Ben Bernanke’s congressional testimony have given metals prices traction in their climb highe... Read More

Morning Gold & Silver Market Report – 2/7/2012

GREEK DRAMA, CHINA’S HOARDING OF GOLD CONTINUES   U.S. stock futures are trading lower this morning, as investors await Federal Reserve Chairman Ben Bernanke’s testimony before the Senate Budget Committee. Analysts are expecting a message similar to the one Bernanke gave to the House Budget Committee last week. UBS stra... Read More

Closing Gold & Silver Market Report – 2/6/2012

GREEK TRAGEDY BEFALLS STOCKS; TAX HIKE ON THE HORIZON?   Prices for Gold dropped today in response to a rise in the dollar fueled by Greece’s lack of progress in coming to a bailout agreement. Along with other U.S. equities, Gold’s decline comes amid renewed worries that a Greek default could be in the offing and that debt contagion would spread to other European countries. Jason Schenker, president of ... Read More

Mid-Day Gold & Silver Market Report – 2/6/2012

WILL GLOBAL FEARS SPARK GOLD RALLY TODAY? Precious metals prices have begun to rally off morning lows on growing global economic and geopolitical fears. The Greek debt fears and rising tensions in the Middle East involving Syria and Iran are boosting the safe-haven appeal of precious metals. Gold is being bought by emerging-market central banks as a means to protect their economies from foreign sovereign... Read More

Morning Gold & Silver Market Report – 2/6/2012

Gold & Silver Retreat on Renewed Greek Debt Concerns For too many weekends in a row, the market has been lead to believe that a deal was imminent between Greece and its private creditors. Today, another deadline has moved on without a deal, and the European Union (EU) and the International Monetary Fund (IMF) are losing patience. French President Nicolas Sarkozy simply said, “We want an accord.” He further sta... Read More

Closing Gold & Silver Market Report – 2/3/2012

ANALYSTS QUESTION WHETHER WORST HAS PASSED IN U.S.; GREEK BAILOUT MORE THAN EXPECTED? Since the Mid-Day Gold & Silver Market Report, Gold prices continued to drop in response to the better-than-expected January U.S. unemployment report released this morning. Gold finished the day lower, experiencing its first drop in four sessions. Gold pr... Read More

Mid-Day Gold & Silver Market Report – 2/3/2012

MIXED REACTIONS ON IMPROVED U.S UNEMPLOYMENT DATA Precious metals prices reacted with a downward spiral today on the announcement that the unemployment rate dropped considerably for the fifth month in a row. There were mixed reactions in the political parties on what the unemployment rate actually is telling us regarding the condition of the U.S. economy. Alan Kreuger, chairman of President Barack Obama's Council... Read More

Morning Gold & Silver Market Report – 2/3/2012

UNEMPLOYMENT DIPS; IRAN ADDS TO TENSION WITH U.S.   U.S. stock futures added to early morning gains after the release of the latest unemployment figures. Analysts had estimated that 121,000 jobs were added in January, but the report showed 243,000 new jobs, plus adjusted figures for November and December showing a... Read More

Closing Gold & Silver Market Report – 2/2/2012

Gold & Silver Up Ahead of Jobs Report While the stock market was relatively flat in anticipation of Friday’s government monthly employment report, gold and silver experienced solid gains on the day. Of course, rising gold and silver prices might have more to do with remarks by Federal Reserve Chairman Ben Bernanke. Testifying before Congress, Read More

Mid-Day Gold & Silver Market Report – 2/2/2012

GOLD, PLATINUM UP MORE THAN 10% IN 2012; PORTUGAL NEXT FOR BAILOUT?   All precious metals are still in positive territory, as they were earlier this morning. Gold has risen close to 12% this year alone for several reasons. China’s demand in the retail sector is more than 50% greater than last year. India, the world’s largest Gold-buying country, increased its Gold consumption when its currency became stronger. There also is greater demand from Asia. Anne... Read More

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

BERNANKE WARNS CONGRESS OF ‘SUDDEN FISCAL CRISIS'   Precious metals prices gained this morning amid a speech by Federal Reserve Chairman Ben Bernanke. Bernanke warned Congress that unless fiscal policy is on a sustainable path, this country is at a risk of a sudden fiscal crisis. “Although historical experience and economic the... Read More

Closing Gold & Silver Market Report – 2/1/2012

DOLLAR FALLS AS EUROPE LOOKS MORE STABLE    Precious metals prices rose slightly today as the market absorbed positive news surrounding the German economy. This news gave investors a sense of stability in European markets, as investors are hopeful that a resolution to the ongoing saga of European debt wil... Read More

Mid–Day Gold & Silver Market Report – 2/1/2012

OBAMA PUSHES MORTGAGE PLAN; IS THE DOLLAR BILL DOOMED?    Precious metals prices were holding steady this afternoon compared with this morning’s prices. However, despite the lack of fluctuation, this past month has been the strongest January for Gold in more than 30 years. The price of Gold rose more than 11% for the month, the largest gain since August 2011... Read More

Morning Gold & Silver Market Report – 2/1/2012

GOLD HAS HIGHEST GAIN IN JANUARY IN 32 YEARS!   Precious metals prices were trading higher this morning. The euro was supported by relatively strong German economic data. However, concerns persist over the economic situations in Greece and Portugal, which are viewed as positives for Gold. That feeling is supported by Commerzbank analysts. In a note to investors, they wrote, “Concerns about Greece and Portugal are keeping demand for Gold high and supporti... Read More

Closing Gold & Silver Market Report – 1/31/2012

GOLD EDGES AHEAD AS OIL PRICES DIP   Precious metals prices have stayed fairly steady this afternoon, with Gold showing a slight rise. Oil prices fell toward the end of today after the U.S. dollar rose and more negative news about... Read More

Mid-Day Gold & Silver Market Report – 1/31/2012

SILVER DEMAND RISING; GOLD GETTING FRESH START   Industrial demand for Silver is hitting a record high as the metal is being used in solar-panel products that will power 20 million homes, creating a spark of interest from investors. Barclays Capital estimates manufacturers will use 2.5% of Silver produc... Read More

Morning Gold & Silver Market Report – 1/31/2012

GOLD, EURO HIGHER, BUT SO IS EUROZONE UNEMPLOYMENT Gold is trading higher this morning, tracking the euro, which is benefitting from fresh hopes on a resolution to Greece’s debt crisis and the new EU fiscal unity treaty.  The euro may also be reacting to positive news out of Germany, where unemployment levels reached a 20-year low in January.  Read More

Closing Gold & Silver Market Report – 1/30/2012

CAN AUSTERITY COEXIST WITH GROWTH IN EUROPE?   Precious metals prices have remained relatively steady this afternoon, as many analysts are looking for some resolution in the eurozone. With the boost Gold received from the Federal Reserve statement late last week, it still is viewed as being directly tied to what is going on in Europe. The main obstacle is the lack of resolution surrounding the Greece debt crisis. Credit Suisse analyst Tom Kendall said, “... Read More

Mid-Day Gold & Silver Market Report – 1/30/2012

EUROZONE LIKE SLOW-MOTION TRAIN WRECK; ANALYST BULLISH ON GOLD Gold seems to be resisting a correction in price, as it is only slightly down since this morning. RBS analyst Nikos Kavalis said, “Without a doubt, this morning the main story is the risk sell-off, whether we like it or not these days, on … what concerns there are towards the euro and euro zone.” UBS ... 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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