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Market Reports

Daily Gold & Silver Market Report – 9/12/2016

MARKETS QUIET AHEAD OF SURPRISE FED SPEAKER Precious Metal prices are on the decline during Monday morning trading hours as investors await a much-anticipated Federal Reserve speaker, Lael Brainard’s comments at the Chicago Council on Global Affairs.  Many are anticipating Brainard’s comments to hint at a potential interest rate hike later this month Read More

Daily Gold & Silver Market Report – 9/9/2016

GOLD SLIPS SLIGHTLY, STILL SET FOR SECOND WEEKLY GAIN Gold is down for a third-straight day Friday but is set to see a second weekly gain as expectations for a Federal Reserve interest rate increase fade again.  The dollar gained some ground over the uncertainty and the yellow metal is sensitive to the rising rates.  Spot Gold was down 0.25 percent to $1,334.60 per ounce at 1152 GMT... Read More

Daily Gold & Silver Market Report – 9/1/2016

GOLD DROPS AHEAD OF U.S. JOBS DATA; IMF LIKELY TO CUT GROWTH OUTLOOK A positive non-farm payrolls report Friday may be what the Federal Reserve needs to stay on track with raising interest rates. The labor market remains strong with fewer-than-expected unemployment claims last week. Spot Gold reached a two-month low as investors await the upcoming economic data. "Generally speaking the U.S. economy seems to have improved over the past few weeks and the interes... Read More

Daily Gold & Silver Market Report – 8/29/2016

DOLLAR GAINS ON INTEREST RATE SPECULATION Precious Metal prices continue their recent trend of volatility as investors return from the weekend.  Comments by Federal Reserve President Janet Yellen this past Friday signaled investors to speculate a sooner-than-later interest rate increase this year.  This news boosted the dollar and pressured metals.  Pradeep Unni, head o... Read More

Daily Gold & Silver Market Report – 8/26/2016

GOLD UP AHEAD OF FED SPEECH; LACK OF RATE INCREASE COULD BE HURTING ECONOMY Spot Gold is up Friday ahead of Federal Reserve Chair Janet Yellen’s speech.  Investors are waiting to see if interest rates increase and today’s speech could be a good indicator. Gold has fallen steadily since the last U.S. job report came out. If there is no decisive news Friday, Gold could remain caught in its... Read More

Daily Gold & Silver Market Report – 8/25/2016

GOLD SLIPS TO 4-WEEK LOW AWAITING FED POLICY; U.S. JOBLESS CLAIMS FALL Central bankers are gathered for the annual Economic Policy Symposium in Jackson Hole, WY this week as investors await Federal Reserve Chair Janet Yellen’s speech Friday, hoping for clues to when the Fed will increase interest rates. Positive U.S. data along with expectations of a rate hike has Gold slipping to a four-week low. "Initial jobless claims were a good sign," Natixis analyst... Read More

Daily Gold & Silver Market Report – 8/24/2016

UPCOMING FED MEETING ALREADY MOVING MARKETS The market is already anticipating Federal Reserve Chair Janet Yellen speaking Friday, August 26 at the Federal Reserve of Kansas City's annual Economic Policy Symposium, held in Jackson Hole, Wyo.  Analysts believe Yellen will refrain from commenting on the timing of increased interest rates and instead focus on risk management and global financial conditions.  "The market is hoping that she's going to gi... Read More

Daily Gold & Silver Market Report – 8/19/2016

DOLLAR SET FOR WEEKLY LOSS; GOLD DOWN FROM TWO-WEEK HIGH The dollar edged up 0.2 percent Friday, though the lack of evidence whether the Federal Reserve will increase interest rates this year gave the dollar a more than 1 percent loss against other currencies for the week.  The most recent Fed minutes show the committee split on the decision of the increase.  "The dollar has j... Read More

Daily Gold & Silver Market Report – 8/17/2016

FED MINUTES RELEASED TODAY; U.S. ECONOMIC RECESSION FORECAST Precious Metal prices fell short Wednesday ahead of the minutes from July’s Federal Reserve policy meeting, which are expected to provide indication into when they plan to increase interest rates.  “It is a game of wait-and-see as far the dollar is concerned, and by extension buck-d... Read More

Daily Gold & Silver Market Report – 8/15/2016

PRECIOUS METALS LOOKING FOR DIRECTION AHEAD OF FED MINUTES Precious Metal prices haven’t gained much ground during Monday morning trading hours as investors return from the weekend.   After seeing a recent surge, prices have been looking for direction as Gold has held around the closely watched resistance point of $1,350.  The most recent FOMC minut... Read More

Daily Gold & Silver Market Report – 8/12/2016

GOLD DOWN AWAITING U.S. DATA Gold is down slightly Friday morning ahead of the U.S. retail report.  This report will liken the speculation that the Federal Reserve will raise interest rates this December after the election. Spot Gold was up 0.1 percent at $1,339.90 an ounce by 1205 GMT, while U.S. Gold slipped 0.4 percent to $1,345.10 an ounce. Holdings of SPDR Gold Trust, the world's largest Gold-backed exchange-traded fund, fell 0.03 percent to 972.32 tonnes on Thur... Read More

Daily Gold & Silver Market Report – 8/11/2016

GOLD CLIMBS BACK ABOVE $1,350 AS DOLLAR HIKE SLOWS ; U.S. LABOR MARKET STRENGTHENING WHILE INFLATION REMAINS STAGNANT Concerns over U.S. monetary policies continue and have the dollar giving up some gains against other currencies. Gold climbed back above the $1,350 per ounce Thursday morning. A key factor in Gold prices continues to be when, and if, the Federal Reserve will implement another interest rate increase this year. " Read More

Daily Gold & Silver Market Report – 8/10/2016

WEAK DOLLAR SUPPORTS PRECIOUS METALS; STOCK MARKET CRASH FORECAST Gold and Silver both soared Wednesday as the U.S. dollar fell compared to other major currencies.  The boost was much needed after Friday’s better-than-expected jobs report that lifted the dollar and pressured Precious Metals.  UBS strategist Joni Teves shared her thoughts on what could challenge the yellow metal, noting a “stronger dollar and positive risk sentiment on back of upbeat U.S. data.” Te... Read More

Daily Gold & Silver Market Report – 8/4/2016

GOLD UP AFTER BANK OF ENGLAND CUTS RATES; U.S. JOBLESS CLAIMS RISE AS LAYOFFS INCREASE In an effort to ease the effect of Britain’s vote to leave the European Union, the Bank of England cut interest rates for the first time since 2009 and said it will buy an additional 60 billion pounds of debt. "The revision in expectations for monetary policy in the U.S., Japan, the eurozone and the UK has played a big role in the rise in the Gold price so far this year, and... Read More

Daily Gold & Silver Market Report – 8/1/2016

METALS ON THE MOVE AS GDP DISAPPOINTS Precious Metals continue their recent run, gaining momentum during Monday afternoon trading hours. After seeing a small pullback Monday morning, Gold is on the rise as Silver hits a three-week high.  Economic reports show U.S. GDP only grew 1.2 percent in the second quarter, far less than the 2.6 percent growth economists expected.  T... Read More

Daily Gold & Silver Market Report – 7/29/2016

GOLD ON TRACK FOR  MONTHLY GAIN Spot Gold steadied Friday morning as the bank of Japan expanded its monetary stimulus.  Even through a modest increase in purchases of exchange-traded funds, yielding to pressure from the government and financial markets for bolder action to spur growth and accelerate inflation towards its 2 percent target,coupled with the dollar retreating, has boosted Gold. Spot Gold was down 0.1 percent at $1,334.70 an ounce at 12:07 GMT, on track for it... Read More

Daily Gold & Silver Market Report – 7/28/2016

GOLD FIRMS AFTER NO RATE RISE SIGNAL; U.S. LABOR MARKET STILL STRONG The Federal Reserve left rates unchanged following their meeting Wednesday, though they insist an interest rate increase will happen this year. Gold rallied to a two-year high following Brexit and could see another bump if interest rates are increased. "The Gold price reacted quite positively to the news that there was no rate hike, and that a September rate hike is not certain," Capital... Read More

Daily Gold & Silver Market Report – 7/27/2016

PRECIOUS METALS CLIMB AHEAD OF FED STATEMENT Gold and Silver are slightly up Wednesday ahead of the Federal Reserve statement, which will be released at 2 p.m. (ET).  Traders predict the Fed will only increase interest rates once this year, likely in December after the presidential election. Gold has soared 24 percent... Read More

Daily Gold & Silver Market Report – 7/25/2016

METALS LOOK FOR DIRECTION AHEAD OF PIVOTAL BANK POLICY MEETINGS After a rough start to Monday, Precious Metal prices are regaining footing and increasing during mid-day trading hours.  As investors await this week’s news from major central bank meetings around the world, the dollar gained a slight boost, pres... Read More

Daily Gold & Silver Market Report – 7/22/2016

GOLD CLIMB SLOWED BY STRONGER DOLLAR Spot Gold is down 0.5 percent Friday to $1,324.66 per ounce at 1011 GMT, set for a decline around 1 percent for the week. Tensions surrounding a potential U.S. interest rate increase and loose monetary policy from European and Japanese central banks caused Gold to hit a two-year high earlier this month. The stronger dollar and the labor reports caused expec... Read More

Daily Gold & Silver Market Report – 7/21/2016

GOLD HOLDS ABOVE 3-WEEK LOW AS ECB LEAVES RATES UNCHANGED; WALL STREET FLAT AS INVESTORS DIGEST EARNINGS REPORTS Gold held steady above its recent low as Thursday the European Central Bank (ECB) left interest rates at record lows in hopes of helping its economy. ECB President Mario Draghi said the bank will take more actions to help economic growth if necessary. Analysts are expecting more quantitative easing by the central bank and all eyes will be on the Septembe... Read More

Daily Gold & Silver Market Report – 7/20/2016

FED IS FORECAST TO HIKE RATES BY YEAR’S  END; U.S. GROWTH PREDICTED Gold and Silver are pressured by a stronger U.S. dollar Wednesday due to anticipation of the Federal Reserve possibly increasing interest rates by year’s end. The Fed has four scheduled policy meetings left in 2016 and have stated their plans to hike rates at least two times this year.  They originally planned to raise rates four times in 2016, but due to poor economic conditions, they changed this... Read More

Daily Gold & Silver Market Report – 7/18/2016

METALS SEARCH FOR DIRECTION AFTER FAILED TURKEY COUP After a small decline Friday, Precious Metals are searching for direction during Monday morning trading hours.  After a failed military coup in Turkey, Gold saw a small boost due to increased uncertainty and geopolitical tensions. However, as things abroad settled, global markets saw a boost while denting the metal’s safe-haven ... Read More

Daily Gold & Silver Market Report – 7/15/2016

  GOLD DOWN AS DOLLAR  RISES; TERROR ATTACK COUNTERS POSITIVE DATA Spot Gold is down Friday for its first weekly loss since May.  The U.S. dollar has steadied, but global uncertainty caused the metal to decline slightly, easing 0.2 percent to $1,333.10 an ounce.  Strong U.S. jobs data and the Brexit vote have pressured the metal following a six-week gain.  "Investors are taking profits, but Read More

Daily Gold & Silver Market Report – 7/11/2016

METALS CONTINUE TO GAIN AS S&P HITS RECORD HIGH Precious Metals prices continue their recent rise during Monday afternoon trading hours.  After seeing a small pullback at the end of last week, Gold is rebounding with Silver continuing to climb.  Economic slowdowns around the world, the Brexit vote and a lack of direction from the Federal Reserve have... Read More

Daily Gold & Silver Market Report – 7/8/2016

GOLD DOWN SLIGHTLY AFTER JOBS REPORT, DOLLAR GAIN Spot Gold is down slightly Friday after the U.S. non-farm payroll report came out stronger than expected for June.  The U.S. dollar is at a two-week high against the euro, however Gold has managed to recover slightly in the wake of the Brexit vote. These conditions are contributing to renewed talk of an interest rate increase by the Federal Reserve this year.  "The knee-jerk reaction to the stronger than expected payr... Read More

Daily Gold & Silver Market Report – 7/7/2016

GOLD SLIPS ON STRONG DOLLAR BUT BREXIT PERSISTS; WALL STREET HIGHER ON STRONG JOBS REPORTS Brexit concerns led Gold to its peak since March 2014 on Wednesday but U.S. jobs data released Thursday strengthened the dollar and pressured Gold prices. Britain’s vote to leave the European Union sent shockwaves through the financial markets and has investors looking for the safe-haven appeal of both Gold and Silver. Mitsubishi analyst Jonathan Butler said, "I think Read More

Daily Gold & Silver Market Report – 7/1/2016

GOLD,SILVER, PLATINUM HIT HIGHS Spot Gold is up one percent Friday for its fifth-straight weekly gain. The yellow metal’s 8.8 percent rise in June is its biggest rise since February of this year. Silver benefited from Gold’s strength, breaching $19 for the first time since September 2014.  It rose as much as 3.8 percent to $19.40 and was on track for its best week since August 2013, having gained more than 8 percent so far. Other Precious Metals such as Platinum also hit their... Read More

Daily Gold & Silver Market Report – 6/30/2016

GOLD SET FOR BEST MONTH SINCE FEBRUARY AFTER BREXIT SHOCK; WALL STREET RALLIES AFTER BANK OF ENGLAND GOVERNOR HINTS AT STIMULUS Last week’s Brexit vote left the markets in shock and had investors scrambling to Gold as a safe haven. The Precious Metal climbed to its highest level in the last two years, reaching $1,358.20 per ounce. The rattled markets are beginning to settle and Gold has steadied toward the end of the week. Gold is on track for another quarterly gai... Read More

Daily Gold & Silver Market Report – 6/29/2016

SILVER SOARS 3 PERCENT; U.S. STOCK MARKET APPEARS GLOOMY Precious Metals climbed Wednesday, with Gold nearing a two-year high and Silver jumping almost 3 percent for the day.  The big move was due to a weaker U.S. dollar on uncertainty surrounding how the Federal Reserve will proceed with hiking interest rates in the near future.  “[As] soon the Read More

Daily Gold & Silver Market Report – 6/27/2016

METALS CONTINUE RISE AS MARKETS DIGEST BREXIT Precious Metal prices continue to rise as investors around the world digest the United Kingdom’s decision to leave the European Union, commonly known as Brexit.  Gold prices are hovering around two-year highs as investors rapidly sell equities and turn to safe-haven assets.  Historically, during times of uncertainty, Gold has h... Read More

Daily Gold & Silver Market Report – 6/24/2016

GOLD JUMPS, WORLD STOCKS DECLINE ON SUCCESSFUL BREXIT VOTE Spot Gold is up near 8 percent Friday, reaching its highest point in more than two years and peaking at $1,358.20 per ounce following British citizens voting to leave the European Union. Euro-priced Gold rose as much as 13 percent. World stocks are headed for a slump due to the uncertainty in the market. "This isn't necessarily about Britain, Read More

Daily Gold & Silver Market Report – 6/23/2016

GOLD HITS TWO-WEEK LOW AS BRITAIN VOTES ON EU MEMEBERSHIP; U.S. JOBLESS CLAIMS NEAR 43-YEAR LOW Investors are watching and waiting Thursday as Britain votes on its membership in the European Union. Gold fell to a two-week low as the “stay” camp seemed to take a slight edge in opinion polls. Gold is viewed as a safe haven and previously nearly a two-year high on June 16 amidst the global economic uncertainty.  "The fear we had mid last week about Britain ... Read More

Daily Gold & Silver Market Report – 6/22/2016

EITHER OUTCOME FOR BREXIT IS FORECAST TO SUPPORT GOLD Investors are eyeing Thursday’s vote for whether the U.K. will leave the European Union, better known as Brexit.  The outcome from such a dynamic move could be detrimental to the financial market, therefore investors are intrigued to what might occur. ... Read More

Daily Gold & Silver Market Report – 6/17/2016

BREXIT SPECULATION STILL BOOSTING METALS Spot Gold is up Friday on a softer dollar, heading for its third-straight week of gains as the Federal Reserve is still uncertain of an interest rate increase. Gold saw its highest point since August 2014, hitting $1,315.55 Thursday, before sliding one percent after a lawmaker was killed and the British referendum was suspended for now. "Gold is reverting to its safe-haven role, in a situation where eurozone government bonds are in nega... Read More

Daily Gold & Silver Market Report – 6/16/2016

GOLD HITS TWO-YEAR HIGH FOLLOWING FED ANNOUNCEMENT; BREXIT COULD HURT U.S. BANK EARNINGS The Federal Reserve remained cautious on the economy at their latest policy meeting, giving a less dovish tone. The possibility of Great Britain leaving the European Union has investors turning toward Gold as a safe haven. "We sold off in the first place because of the rocketing dollar, impending rate hikes and people flooding into equities as they took a risk-on approach... Read More

Daily Gold & Silver Market Report – 6/13/2016

METALS CONTINUE CLIMB AS MARKETS AROUND THE WORLD LOSE GROUND As investors return from the weekend, Precious Metals prices are gaining, with Gold reaching its highest point since mid-May.  The dollar continues to lose ground as speculation that a summer interest rate hike by the Federal Reserve is off the table and fears mount over Britain’s upcoming vote to exit the European Union... Read More

Daily Gold & Silver Market Report – 6/10/2016

GOLD SET FOR SECOND WEEKLY RISE Gold spot is slightly lower Friday, but is still near a three-week high.  The yellow metal was down 0.1 percent at $1,267.25 an ounce by 1151 GMT, still near its highest point since May 18. The dollar recovered slightly because investors are less worried about an interest rate hike next month.  Following last Friday’s weak jobs report, Precious... Read More

Daily Gold & Silver Market Report – 6/9/2016

GOLD EASES AS DOLLAR CLAWS BACK; U.S.ECONOMIC OUTLOOK BRIGHTENS ON UPBEAT JOBS DATA Investor concern over global markets helped the dollar’s recovery and has Gold backing off a three-week high. The Precious Metal rose 1.5 percent Wednesday after lower-than-expected payrolls numbers and dovish comments from Federal Reserve Chair Janet Yellen pushed out expectations of an interest rate increase.  "Gold is a bit lower as the dollar is doing (better), especia... Read More

Daily Gold & Silver Market Report – 6/8/2016

SILVER FORECAST TO REACH $20 BY END OF YEAR; U.S. DOLLAR DECLINES Precious Metals prices soared Wednesday as the market foresees the Federal Reserve not increasing interest rates in June or July, due to recent economic data.  The expectation of the Fed skipping a few months of hiking rates along with the weakening U... Read More

Daily Gold & Silver Market Report – 6/7/2016

METALS LOOK FOR DIRECTION AHEAD OF NEXT FED MEETING Precious Metal prices are relatively flat during early Tuesday afternoon trading hours.  After reaching a two-week high Monday, comments from U.S. Federal Reserve Chair Janet Yellen on the strength of the U.S. economy pressured prices.  Although Yellen’s comments dampened investor appeal, some analysts believe Gold has more gro... Read More

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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