Our Daily Gold & Silver
Market Reports

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

Daily Gold & Silver Market Report – 12/22/2016

IS IT TIME TO BUY SILVER? The Silver rally that occurred between January and October came to an abrupt halt after Donald Trump won the U.S. presidential election. ETF Daily News says, “Trump’s proposed fiscal stimulus measures will boost growth, leading to higher interest rates and a stronger dollar. In fact, [the Federal Reserve] raised the ... Read More

Daily Gold & Silver Market Report – 12/21/2016

SILVER PRICES AT RISK OF SLIPPING Silver prices, along with other Precious Metals, dropped last week following the Federal Reserve’s rate hike announcement. Market Analyst Paul Robinson with DailyFX says, “…we aren’t seeing much of a response by buyers to defend this ar... Read More

Daily Gold & Silver Market Report – 12/20/2016

SILVER PRICES REBOUND IN 2017 Money Morning’s Resource Specialist Pete Krauth says that anyone who owned the grey metal, or any Precious Metals, last week probably felt a punch in the gut. However, he feels the light at the end of the Silver price correction tunnel may be brighter. Nearly everyone expected an interest ra... Read More

Daily Gold & Silver Market Report – 12/19/2016

GOLD IMPORTS SHRINK TO 30.5 PERCENT As we know, India is one of the world’s largest Gold importers and mainly take care of demand from the jewelry industry. However, from April to November 2016, Gold imports witnessed a 30.5 percent drop to $15.74 billion, partly due to high prices and regulatory changes. As Finan... Read More

Daily Gold & Silver Market Report – 12/16/2016

GOLD ON TRACK FOR SIXTH-STRAIGHT WEEKLY LOSS After a tough few days following news of Federal Reserve rate hikes, the yellow metal is showing improvement Friday morning but still on track for its sixth-straight weekly loss. On Thursday, Gold prices hit their lowest since February due to investors piling funds into the U.S. dollar, stocks and even oil. Rachel Koning Beals with Read More

Daily Gold & Silver Market Report – 12/15/2016

THE FED HAS MADE ITS MOVE Paul Davidson with USA Today reported, “The Federal Reserve raised its key interest rate Wednesday for the first time in 2016 by a quarter percentage point, and projected slightly faster increases the next few years amid the prospect of a massive government stimulus.” After a two-day meeting, Fed policymakers unanimously agreed to raise the benchm... Read More

Daily Gold & Silver Market Report – 12/14/2016

A BLIND SPOT FOR MILLENNIALS The kids of baby boomers and generation X, known as the millennial generation, seem to understand the importance of saving but have a “blind spot when it comes to investing,” according to Forbes contributor Richard Eisenberg, who stresses the importance of providing your children with the knowledge of Read More

Daily Gold & Silver Market Report – 12/13/2016

IS SILVER A LEADER OR FOLLOWER? Silver is continuing to trade above its bear trend, while Gold is trading below its own bear trend. ETF Daily News wonders which is the leading indicator, as the answer determines whether Precious Metals are in a long-term bull or long-term bear market. In hopes of finding a pattern, they are looking at... Read More

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

HOLIDAY SALES’ NUMBERS U.S. Proof and Mint set sales are increasing, following traditional Christmas purchases. Dave Harper with Numismatic News wrote the “2016 Silver proof set was up by 12,014 to 333,356. The uncirculated coin set was up by 10,197 to 248,455.” Also, with the U.S. Mint’s household limits remov... Read More

Daily Gold & Silver Market Report – 12/09/2016

INVESTORS ARE NOT JOINING THE RALLY The stock market’s relentless surge is still causing a fair amount of discomfort in the investor world. Instinet’s Frank Cappelleri says, “there is getting to be a shortage of superlatives for this market,” and it shouldn’t be acting the way it is just yet. Trying to console the bears, Cappelleri says, “It won’t last into perpetuity, but this is the kind of behavior that happens in uptrends.” Victor Reklaitis with Read More

Daily Gold & Silver Market Report – 12/08/2016

GOLD TO TRADE IN HIGHS BY MID-2017 An article from ScrapRegister says “Bank of America Merrill Lynch expects Gold to trade around $1,200 an ounce by mid-2017, implying limited upside near-term.” This forecast is not far off current prices as February Gold settled Wednesday at $1,177.50 an ounce. At the BofAML 2017... Read More

Daily Gold & Silver Market Report – 12/07/2016

PRECIOUS METALS PRICE TRENDING Most of the change in prices for Precious Metals has stemmed from inflation expectations. For instance, if oil prices start to decline, inflation may follow, which could result in a lower chance of an interest rate hike. It’s obvious that higher interest rates affect Gold prices, meaning decreased chances for a rate hike could help buoy Gold and the other three Precious Metals. However, Meera Shaw... Read More

Daily Gold & Silver Market Report – 12/06/2016

IS DOW STRUGGLING TO STAY ON TOP? With the Dow Jones industrial average fighting to stay afloat just one day after closing at an all-time high, U.S. stock futures are struggling for direction Tuesday. Investors are now putting their attention toward the upcoming factory orders, productivity data and the slump in oil prices. Sara Sjolin with Read More

Daily Gold & Silver Market Report – 12/05/2016

GOLD IS DOWN DUE TO ITALY’S REFERENDUM As European equities strengthened Monday following investors shrugging off worries of Italian political instability, Gold fell more than 1 percent. Clara Denina with Reuters said, “Spot Gold fell by as much as 1.2 percent to a session low of $1,162.35 an ounce, within sight of a 10-month low of $1,160.... Read More

Daily Gold & Silver Market Report – 12/02/2016

SILVER PRICES LOWER DUE TO HIGHER BOND YIELDS Tim Clayton from EconomicCalendar.com says higher oil prices have supported Silver, with prices consolidating around $16.70 per ounce Wednesday. With WTI advancing by nearly 8 percent as OPEC agreed to cut production levels, oil prices improved in Europe. Gains in industrial commodities supported Silver prices, but those gains ... Read More

Daily Gold & Silver Market Report – 12/01/2016

STEALING FROM SANTA? CFRA Research strategist Sam Stovall says President-elect Donald Trump might be “stealing from Santa”! In other words, typically December is a good month for stocks; however, the market’s Christmas came early with the November Trump rally. Stock Trader’s Almanac editor Jeff Hirsch thinks the most likely reason for typical decl... Read More

Daily Gold & Silver Market Report – 11/30/2016

UNCERTAINTY FOR GOLD Many have been disappointed in the yellow metal with the hopes that higher inflation and uncertainty would boost the price of Gold. With that being said, “the Gold bulls were somewhat correct in the sense that uncertainty is in fact good,” as Chris Dillow from Investors Chronic... Read More

Daily Gold & Silver Market Report – 11/29/2016

SILVER FINALLY ON THE RISE As the Precious Metals market attempted to recover following a three-week skid, Silver prices finally started to rise for yesterday’s Cyber Monday. With a complete 180 from last week’s decline, the grey metal rose nearly 2.4% during the overnight period. It’s no secret that the US currency has been on the uptrend since the somewhat shocking election of Trump on the 8th of November. Sam ... Read More

Daily Gold & Silver Market Report – 11/28/2016

DOLLAR STARTS TO REDUCE AS GOLD PRICES INCREASE With the U.S. dollar showing a slow pullback, the Precious Metals market starts to strengthen after experiencing its lowest in February of this year. The dollar index has recently been on a run that’s boosted the gauge to its highest level since April 2003, which has hurt Gold prices. The movement has stemmed largely from expectations that the Federal Reserve will raise rates at its ... Read More

Daily Gold & Silver Market Report – 11/23/2016

DOLLAR SOARS TO RECORD HIGHS The dollar surged to a more than 13-year peak on Wednesday, bolstered by upbeat U.S. economic data that showed the economy on track for steady growth and reinforced expectations of interest rate increases by the Fed Reserve next month and in 2017” said Reuters reporter Gertrude Chavez-Dreyfuss. After a decline in September, the U.S. durable goods orders rebounded 0.4 percent... Read More

Daily Gold & Silver Market Report – 11/22/2016

NEVER A DULL DAY WITH SILVER It has been a busy year for the Silver market, it rallied from $13.60 in December 2015 all the way up to highs of $21.25 in the wake of the Brexit shocker in late June and early July. Following the surprising results from the recent U.S. election in early November, Silver is recovering back to the $19 per ounce level with time. However, as the dollar also rallied and bond prices lowered, Precious ... Read More

Daily Gold & Silver Market Report – 11/21/2016

OIL PRICES STENGTHEN AS THE DOLLAR WEAKENS Nigel Stephenson says that “Oil prices rose to three-week highs on Monday, supported by a weak dollar and helping to nudge a gauge of inflation expectations in the euro zone to its highest since January.” In addition to oil, gas and other commodity-related shares increased which then increased European stock markets. The oil's rise comes as markets have been bracing for higher inflation if U.S. President-elect Donald Trump implements some ... 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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