Our Daily Gold & Silver
Market Reports

Silver Prices Hold Regardless of Dollar Strength

Daily Gold & Silver Market Report – 02/23/2017 The fact that both Silver prices as well as Gold prices have improved while the U.S. dollar has strengthened is definitely worth mentioning. "Last week’s [Consumer Futures Trading Commission] data, up to the close on February 14, showed the net long fund position (NLFP) climbed 6,535 contracts to 84,812 contracts," William Adams with Read More

Gold Prices Recover Ground Following US PMI Disappointment

Daily Gold & Silver Market Report – 02/22/2017 Although Gold prices saw pressure Wednesday from a strengthening dollar in Asia, a weaker than expected PMI and political uncertainty triggered a reversal in trends with Gold. EconomicCalendar.com reporter Tim Clayton said, “The dollar pushed higher... Read More

Hedge Funds Taking Profits in Gold

Daily Gold & Silver Market Report – 02/21/2017 According to latest trade data from the Commodity Futures Trading Commission, hedge funds took profits in Gold for the first time in three weeks as prices hit nearly a three-month high. “Strong U.S. economic data, speculation the U.S. administration will deliver fiscal stimulus, along with [Federal Reserve] statements pointing to possible imminent rate hikes convi... Read More

Yellen Can’t Halt Trump Gold Rally

Daily Gold & Silver Market Report – 02/20/2017 Bloomberg Markets reporter Luzi-Ann Javier said Gold bulls “should’ve had more faith,” acting as if they can’t believe a good thing when it’s happening. Right before Gold prices neared a two-month high and capped ... Read More

BlackRock Backs Gold Hedge to Market Risk

Susanne Barton with Bloomberg.com said, "Stocks have rallied to records amid signs of stabilization in China’s economy and bets that President Donald Trump will boost U.S. infrastructure spending, roll back regulations, and cut taxes." Russ Koesterich, who helps manage the $41 billion BlackRock Global Allocation Fund, said that although investors are optimist... Read More

The Price of Silver is On a Big Tear in 2017

Daily Gold & Silver Market Report – 02/16/2017 The Gold price has received a lot of buzz so far in 2017; however, Coin World reporter Joe O’Donnell said since Christmas, “the price of Silver has enjoyed an even steeper climb.” An article by Read More

How the Equity Market is Impacting Gold

As further movements in the Gold price are currently unclear, investors seem to be in a fix. Market Realist Reporter Meera Shawn said, “The world famous and widely used SPDR Gold Shares ETF has risen approximately 11 percent in 2017 so far.” With equity markets as a crucial part of the overall economy, the changes in Precious Metals over... Read More

Trump Rally Gives Way to Caution As Yellen Testimony Looms

Daily Gold & Silver Market Report – 02/14/2017 Federal Reserve Chair Janet Yellen is scheduled to give her semi-annual testimony Tuesday, where she is expected to give clues to when the next U.S. interest rate increase will occur. Caution set in ahead of her remarks, flatlining stock and dropping the U.S. dollar. Reuters... Read More

Silver Price Uptrend Continues To Strengthen

Daily Gold & Silver Market Report – 02/13/2017 Bruce Powers, Commodities reporter with Investing.com, said Silver prices “[have] been in a rising trend channel for the past seven weeks, ever since hitting a bottom at 15.64 [per ounce] in December. As of last week’s high, Silver was up 15.1 percent off that Dece... Read More

Gold Prices Slump as Tax Cut Hopes Revive the Trump Trade

Daily Gold & Silver Market Report – 02/10/2017 Gold prices plummet as tax cut hopes revive “Trump trade” White House news-flow may overshadow consumer confidence data Ilya Spivak, Senior Currency Strategist with Read More

Not Much Change in Silver Prices for Narrow Trade

Daily Gold & Silver Market Report – 02/09/2017 As political uncertainty keeps Precious Metal demand high, Silver edged slightly higher Thursday set for another week of gains. EconomicCalendar.com reporter Sam Bourgi notes, “The grey metal has surged nearly 11 percent since the start of January. Its technical indicators su... Read More

WHY SILVER PRICES IN 2017 WILL SOAR

Daily Gold & Silver Market Report – 02/07/2017 According to Peter Krauth, resource specialist with Money Morning, the price of Silver is up 9.3 percent year to date, as of Feb. 3. Since taking office Jan. 20, President Donald Tru... Read More

INVESTMENT VETERAN FAVORS GOLD

Daily Gold & Silver Market Report – 02/06/2017 According to Independent Strategy Ltd.’s David Roche, who has about 45 years of experience covering markets, said that Gold will climb about 6 percent through the end of the year as investors seek a shelter from the rising political risk surrounding President Donald Trump. It’s no surprise that Trump’s first two weeks in office have been eventful, and Trump has fired up inves... Read More

SPOOKED PRECIOUS METAL FUND INVESTORS DRIVE GOLD DEMAND TO THREE-YEAR HIGH

Daily Gold & Silver Market Report – 02/03/2017 According to Gaurav Sharma with International Business Times, “Investors searching for a safe haven in the wake of a series of unpredictable political developments sent Gold demand rocketing to a three-year high. In its annual appraisal of the market, the World Gold Council (WGC) said investors' takings via exchang... Read More

GLOBAL GOLD PRICES HIT OVER ONE-WEEK HIGH

Daily Gold & Silver Market Report – 02/02/2017 On Wednesday, the U.S. Federal Reserve met for the first time since President Donald Trump took office, announcing they would keep interest rates unchanged. This news weakened the dollar, helping Gold prices hit a more than one-week high Thursday. Despite not changing interest rates, the Fed did paint a relatively upbeat picture of the U.S. economy and even suggested monetary... Read More

SILVER, PLATINUM, PALLADIUM SEEN AS SAFE HAVENS

Daily Gold & Silver Market Report – 02/01/2017 As GoldSeek reports, new research confirms in addition to Gold, Silver, Platinum and Palladium bullion all act as safe havens during economic uncertainty, which is particularly prevalent due to the impacts of Brexit on the UK and the eurozone along with financial and geopolitical risk under newly-elected Presiden... Read More

GOLD PRICES RISE ON RETURNING RISK-OFF SENTIMENT

Daily Gold & Silver Market Report – 01/31/2017 As U.S. equity markets dropped and the U.S. dollar index weakened Tuesday morning, EconomicCalendar.com’s Tracy Morganthall says Gold prices benefited from a return to a risk-off sentiment.  Based on volume in the contracts, Morganthall said, “The front month in Gold futures has transitioned from February to April.” Equity m... Read More

GOLD UP ON WEAKER DOLLAR, PALLADIUM AND PLATINUM PRICE SHOW GROWTH

Daily Gold & Silver Market Report – 01/30/2017 Propped up by a weaker dollar and sluggish economic data from the U.S., Gold prices edged up today while the Lunar New Year holiday in Asia was seen limiting gains. Analysts have sharply scaled back expectations for Gold prices this year after the yellow metal's weak fourth-quarter performance, with the prospect of further U.S. interest rate hikes and a bumper year for stocks... Read More

SILVER PRICES POISED FOR FIRST WEEKLY LOSS OF 2017

Daily Gold & Silver Market Report – 01/27/2017 Silver spot prices declined Friday and are looking at their first weekly loss in five on stronger risk appetite and profit-taking. “For the week, the gray metal is on track to lose nearly 2 percent,” Sam Bourgi with EconomicCalendar.com reports. “Gold’s premium over ... Read More

GOLD FALLS AS EQUITIES RALLY OFFSET U.S. POLICY CONCERNS

Daily Gold & Silver Market Report – 01/26/2017 Gold prices were declining Thursday morning as “a rally in U.S. equities offset support from uncertainty over the new U.S. administration’s policies and a weaker [U.S.] dollar,” Nasdaq reports. “Spot Gold prices were down 0.34 percent at $1,196.12 per ounc... Read More

SPOT GOLD PRICES DRIFT LOWER

Daily Gold & Silver Market Report – 01/24/2017 The yellow metal was unable to break key resistance levels Tuesday and drifted weaker as the U.S. dollar regained ground. Overall, however, the dollar, along with U.S. equity markets, declined in a more cautious environment. Tim Clayton with EconomicCalendar.com said, “U.S. bond yields also moved lower, which underpinned Read More

GOLD EXTENDS GAIN IN TRUMP ERA

Daily Gold & Silver Market Report – 01/23/2017 U.S. dollar weakness and uncertainty for trade and economic growth at the start of Donald Trump’s presidency helped Gold prices gain Monday, adding to what had been a fourth-straight weekly advance through Friday. Carsten Fritsch and the commodities team at Commerzbank said in a note, “We believe that Gold is finding support from the weaker U.S. dollar, which depreciated notice... Read More

GOLD PRICES EDGE LOWER

Daily Gold & Silver Market Report – 01/20/2017 As the U.S. dollar retreated from recent highs, spot Gold prices found support below $1,200 per ounce Thursday, but buying support was limited ahead of President-elect Donald Trump’s speech Friday. Federal Reserve Chair Janet Yellen adopted a slightly less hawkish tone in her latest policy speech. Read More

GOLD FUTURES CONSOLIDATE AS DOLLAR REBOUNDS

Daily Gold & Silver Market Report – 01/19/2017 Economic Calendar’s Tracy Morganthall reported Gold prices cleared $1,200 per ounce Tuesday, on a sharp sell-off of the dollar, and followed with consolidation Thursday. Morganthall said, “A period of correction or consolidation appears warranted, given the overbought conditi... Read More

GOLD SPOT PRICES RUN INTO RESISTANCE

Daily Gold & Silver Market Report – 01/18/2017 Spot Gold prices hit resistance near $1,220 per ounce and drifted lower Wednesday as the U.S. dollar regained ground. The recently weak dollar was important in boosting Precious Metal prices, especially as U.S. bond yields also edged lower. With a slight decline in the January New York Empire State manufacturing index, Tim C... Read More

GOLD PRICES JUMPS WITH TRUMP AND BREXIT UNCERTAINTY

Daily Gold & Silver Market Report – 01/17/2017 As investors drew in their horns in response to comments on the dollar from U.S. President-elect Donald Trump and ahead of a speech on Brexit from British Prime Minister Theresa May, while Gold prices rose, stocks, bond yields and the dollar fell this morning. Trump's comments about the dollar being too strong and hurting U.S. competitiveness pushed the greenback down across ... Read More

GOLD SPOT PRICE RISES TO EIGHT-WEEK HIGH

Daily Gold & Silver Market Report – 01/16/2017 Gold prices touched their highest level in about eight weeks Monday as analysts prepare for worries about both President-elect Donald Trump and Brexit. Trump’s comments in recent interviews touched on China, Russia, the European Union and more. Writer Victor Reklaitis with Read More

GOLD PRICES UNDER CUT BY DOLLAR RECOVERY

Daily Gold & Silver Market Report – 01/13/2017 After hitting seven-week highs Thursday, a U.S. dollar recovery and firm tone in risk appetite undermined the potential for further gains in Gold prices with a retreat below $1,200 per ounce. Tim Clayton with EconomicCalendar.com said, “The dollar remain... Read More

GOLD FUTURES TOP $1,200

Daily Gold & Silver Market Report – 01/12/2017 Gold rallied to a seven-week high Thursday after the U.S. dollar dropped in response to President-elect Donald Trump’s highly-anticipated press conference. Dollar weakness is typically beneficial to Gold spot prices, boosting the yellow metal's appeal as an alternative asset and making the dollar-priced commodity cheaper for holders of other currencies. Trump disappointed the... Read More

GOLD PRICE UNCERTAINTY

Daily Gold & Silver Market Report – 01/11/2017 Although the U.S. dollar strengthened a bit Wednesday, Gold has been supported by a decline in bond yields and uncertainty surrounding U.S. economic policies. Gold edged higher in Asian trading, with Chinese physical demand helping underpin prices. Caution ahead of President-elect Donald Trump’s scheduled press conference Wednesday has tempered movement. Tim Clayton with Read More

Daily Gold & Silver Market Report – 01/09/2017

GOLD RISES AS MARKETS AWAIT TRUMP Gold improved Monday as uncertainty rises ahead of President-elect Donald Trump’s inauguration Jan. 20. However, the yellow metal didn’t climb too far with an uptick in the U.S. dollar. Reuters Jan Harvey said the Precious Metal “lost some ground on Friday after a U.S. payrolls report supported the view that the Federal... Read More

Daily Gold & Silver Market Report – 01/06/2017

GOLD SLIPS FROM 1-MONTH HIGH Gold slipped Friday after reaching a one-month high touched Thursday as traders cut bets on higher prices ahead of the U.S. jobs report. Reuters reporter Peter Hobson said, “The [yellow] metal was still 2.2 percent higher this week, its biggest weekly rise in two months, helped by a broad weakening of the dollar and a retreat in U.S. bond yields.” Saxo Bank analyst Ole Hansen said... Read More

Daily Gold & Silver Market Report – 01/05/2017

GOLD HOLDS ITS GROUND AT MORE THAN 3-WEEK HIGH Gold futures held their ground Wednesday at an over-three-week high as the U.S. dollar fell from a 14-year high after the release of the Federal Reserve’s December meeting minutes. Markets and Commodities’ reporters Myra Saefong and Mark Decambre with MarketWatch said, “Minutes from the central bank’s policy-setting meeting showed that... Read More

Daily Gold & Silver Market Report – 01/04/2017

LITTLE CHANGE IN SILVER AFTER HOLIDAYS The first trading session of 2017 saw investors preparing for Federal Open Market Committee minutes and nonfarm payrolls, holding Silver prices steady. Silver gained in four of the last five sessions of 2016, though it lost 17 percent in Q4. As the U.S. dollar fell to two-week lows last week against a basket of other major currencies, Precious Metals moved higher. Sam Bourgi with Read More

Daily Gold & Silver Market Report – 01/03/2017

GOLD SLIPS WITH A STRONG DOLLAR As the U.S. dollar's positive start to the new year kept pressure on Precious Metals prices, Gold fell Tuesday morning after posting its biggest quarterly loss in more than three years. Jan Harvey with Reuters said, “The themes of late 2016 appeared to be persisting in the wid... Read More

Daily Gold & Silver Market Report – 12/30/2016

GOLD PRICES SURGE TO FRESH TWO-WEEK HIGHS Gold prices increased yesterday causing them to reach their highest level in two weeks as bullions recovery from 11-month lows continued. Sam Bourgi with EconomicCalendar.com reports February Gold futures rose 1.6 percent,... Read More

Daily Gold & Silver Market Report – 12/29/2016

GOLD TRIES FOR FOURTH WINNING DAY IN A ROW Trading at two-week highs, countering a 2 percent December decline, Gold futures are looking for a fourth-straight advance Thursday as the dollar index pulled back from 14-year highs and stocks pointed lower. Rachel Koning Beals with MarketWatch reported, “Gold fu... Read More

Daily Gold & Silver Market Report – 12/28/2016

THE PEAK OF GOLD PRODUCTION Will hitting the peak of Gold production this year have any impact on the price of Gold itself? Lawrence Williams, a well-known, London-based writer and commentator on financial and political subjects with Sharps Pixley, says “It may improve sentiment towards in... Read More

Daily Gold & Silver Market Report – 12/27/2016

STOCKS INCREASE DURING HOLIDAY LULL As trading in major financial markets resumed Tuesday following Christmas break, share prices increased along with oil and the U.S. dollar. Patrick Graham with Reuters said, “Concerns about Italian banks, Chinese growth and U.S. President-elect Donald Trump's protectionist bent look set to keep investors on edge into the start of 2017.” Data released Tuesday showed ... Read More

Daily Gold & Silver Market Report – 12/23/2016

DOLLAR HOVERS BELOW 14-YEAR HIGH As a modest bout of buying emerged following an early round of profit-taking, the dollar hovered below a 14-year high reached earlier this week. Richard Leong with Reuters said, “Traders brushed off mostly upbeat U.S. economic data as they refrained from adding bullish dollar bets ahead of Christmas. Ed Al-Hussainy, senior interest rate and currency analyst at Columbia Thread... Read More

Disclaimer:
APMEX 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. 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 Market Reports are not intended as a comprehensive discussion and there may be other factors affecting the financial marketplace. These Market Reports are provided for informational purposes only and do not constitute a recommendation by APMEX to hold, purchase or sell any Precious Metal product. All orders, purchases and sales, if any, are subject to the terms of the User Agreement and other applicable policies.

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