Our Daily Gold & Silver
Market Reports

Closing Gold & Silver Market Report –8/26/2011

GOLD AND SILVER EXTEND GAINS Precious metals have pulled ahead of mid-day trading prices with gold now sitting comfortably above $60 gains on the day and silver up over $0.50.  Platinum and Palladium are also double-digits ahead on the day.  It was no surprise that Bernanke did not give very much information in his speech but he did open the door to the idea of easing in September.  Read More

Mid-Day Gold & Silver Market Report –8/26/2011

Fed Chairman Bernanke Punts until September As predicted by APMEX CEO, Michael Haynes, no new information emerged from Fed Chairman Ben Bernanke’s morning briefing from Jackson Hole. Mr. Bernanke ... Read More

Morning Gold & Silver Market Report – 8/26/2011

FOR BETTER OR WORSE, ALL EYES ON BERNANKE Gold prices pushed upwards in overnight trading, as the expectation of Federal Reserve Chairman Ben Bernanke’s highly anticipated speech is now that he will not signal that the Fed is ready for a third round of quantitative easing.  Silver has mainly tracked gold overnight, while platinum and palladium continue their bumpy road which closely follows the stock market. Douglas A. McIntyre of 24/7 Wall St. wrote t... Read More

Closing Gold & Silver Market Report – 8/25/2011

TO QE3 OR NOT QE3 THAT’S THE INVESTOR’S QUESTION Since the Mid-Day Gold & Silver Market Report, gold has maintained its position with positive gains for the day. The previous losses of gold were attributed in large part to the CME Group raising the margins on gold futures by 27%, which is its largest hike in 2 ½ years and the second increase this month. " Read More

Mid-Day Gold & Silver Market Report – 8/25/2011

STOCKS SLUMP; GOLD IN THE BLACK AGAIN Gold has turned the corner into positive territory after stocks tumbled thanks to the jobless claims report.  Also, as expected, most investors are focused on Federal Reserve Chairman Ben Bernanke’s speech tomorrow morning, and nervousness is returning to the markets.  “Clearly there ... Read More

Morning Gold & Silver Market Report – 8/25/2011

Gold Prices Continue to Move Down Overnight, then Stabilize in Early Morning Trading Gold price headed towards $1,700 in overnight trading, but is strengthening in early morning trading, now sitting above $1,730. Platinum prices were below $1,800, but have bounced back over $1,810. Silver and palladium have rallied from negative territory and currently sit positive. One year ago, as investors anxiously awaited Ben Bernanke’s Jackson Hole speech, gold prices were at $950 per ... Read More

Closing Gold & Silver Market Report – 8/24/2011

GOLD FALLS AS TRADERS CASH OUT, TAKE RISKIER BETS Gold fell substantially today as traders moved into riskier markets, like stocks, in anticipation of the announcement of a third round of quantitative easing. Glenn Hubbard, dean and Russell L. Carson professor of finance and economics at Columbia Business School, and former chairman of the Council of Economic Advisors doesn’t believe QE3 will actually happen.... Read More

Mid-Day Gold & Silver Market Report – 8/24/2011

CAUTION AND CONCERN AHEAD OF BERNANKE SPEECH; CBO PREDICTS SLOW GROWTH Gold prices are dropping dramatically in morning trading largely due to profit taking. This same profit taking has driven gold futures down by 4%. Silver, platinum, and palladium are also experiencing sharp declines. Stock performance has been mixed so far, as investors are staying cautious ahead of a planned speech by Federal Reserve Chairman Ben Bernanke this Frida... Read More

Morning Gold & Silver Market Report – 8/24/2011

STOCKS REBOUND ON NEWS OF JULY’S DURABLE GOODS ORDERS Precious metals are down slightly in early morning trading from yesterday’s close  trading due to profit taking. News that July’s durable goods orders beat expectations coming in at 4% has stocks rebounding from early morn... Read More

Closing Gold & Silver Market Report – 8/23/2011

Stocks Up Over 300 Points – Precious Metals Retreat of Recent Highs Continued poor economic data has spurred expectations that the Fed will have to take action to get our economy moving again. All eyes are on Friday’s Fed meeting in Jackson Hole. Clearly, traders are anticipating another form of QE2 to be announced. The Dow Jones... Read More

Mid-Day Gold & Silver Market Report – 8/23/2011

Precious Metals Retreat as the Stock Market Advances – The morning trading hours see gold, silver, platinum and palladium are all giving back a portion of their recent gains. The most likely scenario is that with the rapid rise of the past two weeks, some investors have decided to lock in gains. A short term correction is not unusual, when prices have moved up as quickly as they have this month. There will be investors waiting on the sideline to purchase on the dips. Read More

Morning Gold & Silver Market Report – 8/23/2011

GLOBAL EQUITIES UP, GOLD FALLS BELOW $1,900 Gold traded higher, well over $1,900 an ounce, overnight, but has since given up those gains thanks to global stocks being up.  Silver and platinum have mostly tracked gold overnight, while palladium has pared some of its early morning losses.  Citigroup strategists said, regarding raising t... Read More

Closing Gold & Silver Market Report – 8/22/2011

GOLD TOPS $1900, PUSHED BY SAFE HAVEN BUYING - Gold closed at a new record high today, surging in the afternoon after a fairly volatile day.  Platinum is also at a new record high, just slightly higher than its yellow cousin. There are growing rumblings of a third round of quantitative easing by the Federal Reserve.  Analysts are citing Ben Ber... Read More

Mid-Day Gold & Silver Market Report – 8/22/2011

Gold Prices Continue to Climb Towards $1900 All precious metals prices (gold, silver, platinum and palladium) have continued to show strong gains in morning trading. The U.S. stock market has been upbeat as well, although it came off its highs for the day when mo... Read More

Morning Gold & Silver Market Report – 8/22/2011

Gold Prices Heading Towards the Largest Annual Gain in 32 Years - Gold prices may climb more in 2011 than any year in the past three decades. It is not only investors flocking to safety, but also central banks around the globe seeking protection from a struggling global economy and sovereign debt crisis in the U.S. and Europe. Accordin... Read More

Closing Gold & Silver Market Report – 8/19/2011

VICE PRESIDENT BIDEN REASSURES CHINA; BELGIUM ADDS TO “EURO BOND” PRESSURE It’s another record for gold today as gold futures ended the day at $1,852.20, an increase of $30.20. With a number of macroeconomic reports indicating that the U.S. economy continues to be shaky, investors have continued to turn to gold as a safe haven, and some analysts have even predicted it could hit $2,000 by next week. Meanwhile, U.S. stock ... Read More

Mid-Day Gold & Silver Market Report – 8/19/2011

RECESSION, MAYBE – MAYBE NOT Gold and silver prices have remained relatively even during the trading day. For the day, gold is up $31.40 and silver is up $2.15. The rise is relative to the overall concern that stocks are pricing in a potential recession, which heightens the demand for safe havens. However, according to Abby Joseph Cohen, a senior investment strategist with Goldman Sachs, the stock market may price in a recession, Read More

Morning Gold & Silver Market Report – 8/19/2011

Gold Continues to Soar as Recession Fears Escalate - Gold, silver and platinum prices are all sharply higher in overnight trading. Gold prices and December gold futures all hit record highs. Overseas equity markets were battered again overnight and U.S. stock futures are poised for a negative opening. Yesterday was a day of more disappointing economic data in the U.S., so ... Read More

Closing Gold & Silver Market Report – 8/18/2011

VOLATILE MARKETS FALL AGAIN WHILE GOLD CONTINUES TO SHINE Gold has increased gains since the mid-day, and is edging closer to a 2% gain on the day.  Stocks and almost every commodity besides precious metals closed sharply lower today. Inflation indexes ticked higher last month, according to data released by the Fed.  The Consumer ... Read More

Mid-Day Gold & Silver Market Report – 8/18/2011

PHILLY FED INDEX DOES NOT LOOK GOOD FOR ECONOMY Gold has added to gains this morning while silver has fluctuated slightly, but is overall flat since the morning.  The stock market, however, is sharply down (as much as 528 points) since the Philly Fed factory index was released this morning.  Investors are flocking to safe haven investments such as gold as the volatility of the stock market is at all-time highs. Read More

Morning Gold & Silver Market Report – 8/18/2011

Stocks Plunge Overnight - Gold is Surging -World equity markets are plunging overnight and the European banks are the cause for concern. Major Banks across the euro zone are sharply lower, as the news broke that the European Central Bank lent $500 million Euros to a euro zone bank, that had not requested a loan since last February. Although no details were offered, the market reads this as another sign of escalating diffi... Read More

Closing Gold & Silver Market Report – 8/17/2011

GOLD BREAKS ANOTHER RECORD; MORGAN STANLEY ASIA WARNS CHINA MAY STOP BUYING U.S. TREASURIES Gold ended the day by hitting another record, finishing at $1793.80 per ounce, a gain of $8.80. This, after trading as high $1,797 earlier in the day, driven by investor apprehension over the debt crisis in Europe and an overall lack of confidence in the economy worldwide. Silver also ended... Read More

Mid-Day Gold & Silver Market Report – 8/17/2011

SAFE HAVEN BUYING KEEPS GOLD STRONG; SILVER “CATCHING UP” Gold has continued to trade steady today with small gains from early morning prices as consumers look to venture back into stocks and take profits in gold as it nears $1,800.  Silver makes gains this afternoon “catching up to gold,” says George Gero, senior vice president at RBC Capital Ma... Read More

Morning Gold & Silver Market Report – 8/17/2011

EURO ZONE PLAN BRINGS NO RELIEF TO EQUITY MARKETS Overseas trading was mixed last night, while U.S. Stock futures are poised to open higher. Gold prices have continued to climb since yesterday’s gains. Silver, which has not experienced the same recent gains as gold, has also trended up the past several days and is once again above $40/oz. The highly anticipated meeting between French President Nicolas Sarkozy and German Chancellor Angela Merkel yesterday Read More

Closing Gold & Silver Market Report – 8/16/2011

STOCKS SNAP WINNING STREAK, INVESTORS GET GOLD FEVER – Gold is up since the mid-day commentary, and stock closed for a loss of around 1%.  The market seems jittery after hearing the announcement by leaders Sarkozy and Merkel regarding plans to deal with the EU debt crisis. Many traders were hoping for a “Eurobond” program, a system where the European Central Bank, instead of individual countries, would sell bonds to borrow money, and those bonds would be guaranteed by every co... Read More

Mid-Day Gold & Silver Market Report – 8/16/2011

INDUSTRIAL PRODUCTION UP, SOOTHING FEARS OF RECESSION … FOR NOW Since the stock market opened this morning, stocks have declined amid the news of Germany’s sluggish Gross Domestic Product growth.  Gold and silver have risen since the morning, adding to gains as investors look for a safe haven away from the volatile market.  Read More

Morning Gold & Silver Market Report – 8/16/2011

WEAK ECONOMIC DATA OUT OF GERMANY SENDS GOLD PRICES SOARING In overnight trading activity, gold and silver prices have risen sharply on reports of slow Gross Domestic Product (GDP) growth out of Germany. Slower than expected growth out of Germany is viewed as another indicator of a slowing global economy. Investor appetite for risk has abated, as equity markets are down worldwide and U.S. stock market futures are off by triple digits. Read More

Closing Gold & Silver Market Report – 8/15/2011

US STOCKS RALLY TODAY; GERMAN CHANCELLOR RESISTS SO-CALLED “EUROBONDS” Since the Mid-Day Gold & Silver Market Report posted by APMEX at 1:15 PM, the spot price of gold has risen from $1,769.00 to $1,770.50 (up $25.90 overall for the day) and the spot price of silver has risen from $39.69 to $40.04 (up $0.82 for the day). Reversing the massive drop seen la... Read More

Mid-Day Gold & Silver Market Report – 8/15/2011

ECB BUYS BONDS The European Central Bank announced that last week it began buying Italian and Spanish securities. According to Christoph Rieger, head of fixed-income strategy at Commerzbank AG in Frankfurt, “The market optimists will interpret this number as good news as it underscores the ECB’s resolve…Equally, the pessimists will point out that... Read More

Morning Gold & Silver Market Report – 8/15/2011

40th Anniversary of Coming off the Gold Standard! Forty years ago today, President Richard Nixon signed into a law a bill that would take the United States off the gold standard and signal to the rest of the world the end of the Bretton Woods agreement. The Bretton Woods agreement had fixed the price of the U.S. dollar to gold and the pri... Read More

Closing Gold & Silver Market Report – 8/12/2011

Wild Week of Ups & Downs Ends on a High Note This was one of the most volatile weeks for the stock market in recent memory, but with today’s 125 point gain, stocks are only down 1% for the week. Gold prices were down sharply for most of the day, but have rallied back up towards even as we come to the close.... Read More

Mid-Day Gold & Silver Market Report – 8/12/2011

CONSUMER SENTIMENT WORSE THAN EXPECTED A 30 year old low has been reached as the preliminary index of consumer sentiment slumped to 54.9. The projected number was 62 as of this morning but the official report has a much wider margin. The weak employment data and volatility in the markets lead a lot of economists to be... Read More

Morning Gold & Silver Market Report – 8/12/2011

GOOD NEWS IN U.S., EUROPE NOT TEMPERING DEMAND FOR SAFE HAVEN Retail sales for July increased by 0.5%, allowing stock futures to add to gains this morning.  Another closely-watched report to be released this morning is the University of Michigan’s August index of consumer sentiment.  Expectations are that sentiment will have fallen to 62.0 from 63... Read More

Closing Gold & Silver Market Report – 8/11/2011

TRADERS OPTIMISTIC AS JOBS DATA PROVIDES A GLIMMER OF HOPE – In another rollercoaster day, stocks have closed significantly higher while gold and silver are down slightly.  The jobless data, released this morning, helped to ease some fears that the U.S. was headed over the cliff of a double-dip recession.  The report showed initial unemployment claims to state agencies wer... Read More

Mid-Day Gold & Silver Market Report – 8/11/2011

STOCKS ARE UP – GOLD TAKES A STEP BACK Gold and silver are trading down today while the stock market is staging a small recovery.  Treasury prices are falling, with yields rising from near-record lows while traders look to stocks for riskier assets after the rally.  Read More

Morning Gold & Silver Market Report – 8/11/2011

JOBLESS CLAIMS DIP BUT U.S. TRADE DEFICIT WIDENS New U.S. claims for unemployment benefits dropped by 7,000, thus reaching a four month low. This was a better than expected result as expectations were for a slight upswing in benefits claims. The current seasonally adjusted total is 395,000. The four-week moving average for claims, which is considered to be the most important measure, dropped 3,250 to 405,00... Read More

Closing Gold & Silver Market Report – 8/10/2011

U.S. STOCKS FALL AMID EUROPEAN DEBT WORRIES; GOLD PRICES CONTINUE TO BREAK RECORDS Stocks in the U.S. fell to their lowest level in nearly a year as a result of general concerns about the overall global economy and specific concerns that the European sovereign-debt crisis won’t be adequately contained. The Dow closed with a 4.6% (520-point) drop, and the ... Read More

Mid-Day Gold & Silver Market Report – 8/10/2011

MARKETS’ OUTLOOK WORSENS The stock market has taken a downward turn, erasing the gains of yesterday, largely due to the relatively negative information coming out regarding France’s Societe General. Societe General is viewed as the largest bank in France and has seen a 21% decline. Bank of America and other large financial institutions are feeling the stock market pinch. ... Read More

Morning Gold & Silver Market Report – 8/10/2011

DOES YESTERDAY’S FED STATEMENT MAKE QE3 MORE LIKELY? According to Goldman Sachs, the answer would be yes. In a statement yesterday, chief economist at Goldman, Jan Hatzius said, "we now see a greater-than-even chance that the FOMC will resume quantitative easing later this year or in early 2012. We have changed our call beca... Read More

Closing Gold & Silver Market Report – 8/9/2011

STOCKS RECOVER FROM YESTERDAY’S SELLOFF BUT BERNANAKE SAYS ECONOMY IS AT RISK – Stocks rose sharply today, recovering much of yesterday’s losses.  Gold held steady, still viewed by many as a safe haven asset in times of volatility.  The big news of the day was the release of the report from the Federal Open Markets Committee, a decision-making pan... Read More

Mid-Day Gold & Silver Market Report – 8/9/2011

FED MAY HAVE A LOT TO SAY TODAY The stock market is rebounding on the hope the Federal Reserve will come out with measures to help buoy the current economic condition facing the United States. The meeting is set for later this afternoon (2:15 pm ET) and speculation is mounting that Chairman Ben Bernanke may announce steps to ramp up g... 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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