Our Daily Gold & Silver
Market Reports

Morning Gold & Silver Market Report – 6/3/2011

JOBS REPORT EVEN WORSE THAN EXPECTED, YEMENI PRESIDENT KILLED (OR NOT?) Fears of a double-dip recession seemed to hang on this morning’s nonfarm payrolls report, and when it was released, the fears hit the other side with a resounding “thud.”  To put the report in perspective, April’s numbers showed an increase of 244,000 jobs.  May’s numbers were expected to be disappointing already, somewhere around 125,000.  Read More

Closing Gold & Silver Market Report – 6/2/2011

TOMORROW IS THE ECONOMIC RECOVERY’S GROUNDHOG DAY! Precious metals remain lower this afternoon, however a recent warning from Moody’s Investors Service may change that.  The credit rating agency warned the United States that if there is no progress in the debt limit situation, the important Aaa debt rating could possibly be downgraded soon.  Warnings of a downgrade aren’t new, but earlier repor... Read More

Mid-Day Gold & Silver Market Report – 6/2/2011

OIL UP FOR GRABS Precious metals are up today on the news of the jobs report and fears of a double dip recession. The U.S. dollar recovered from this morning’s report, but precious metals are trading higher at the moment, despite historical reactions to the contrary. One possibility for this is that the dollar only appears stronger since it is being compared to the euro, which is sliding due to the debt crisis in the Eurozone, namely Greece. Even though the dollar is “winning” agai... Read More

Morning Gold & Silver Market Report – 6/2/2011

JOBLESS CLAIMS DOWN, DOLLAR WELCOMES THEM Jobless claims fell this morning, though not as much as anticipated.  The four-week moving average fell by 14,000 to a one-month low.  The U.S. dollar started the day down, and Read More

Closing Gold & Silver Market Report - 6/1/2011

GREEK CREDIT CUT, QE3 NOT LOOKING LIKELY Earlier in the day there were hopes Greece would finally be getting the economic help it needs to sustain itself. However, Moody’s has cut Greece’s credit rating by three notches, which puts it in an extremely speculative phase. This means that the payoff of Greek debt is no longer based on funds and paybacks of loans, but speculation. The outlook is quite negative. The Gross Domestic Product rating has also fallen off, 3.0% so far this year... Read More

Mid-Day Gold & Silver Market Report – 6/1/2011

U.S. ECONOMY IS SLOWING DOWN, RUMORS OF QE3 – It’s hard to find good news about the economy lately.  Painfully slow jobs growth, decline in the value of the dollar, Read More

Morning Gold & Silver Market Report – 6/1/2011

“DISAPPOINTING” JOBS REPORT - WHEN DOES THIS STOP BEING A SURPRISE? Another week, another disappointing jobs report.  This time, it is the ADP private sector jobs report.  Fully expected to be up by 175,000, the report showed just 38,000 new private sector jobs in May.  The futures market opened low this morning, as investors and analysts awaited this report.  Now that t... Read More

Closing Gold & Silver Market Report – 5/31/2011

FINANCIAL UNCERTAINTY LOOMS – Although good news broke on the Greek debt crisis today, other news stories point toward an uncertain financial future for the US and the world. Domestically, the Case-Schiller Index, which measures housing prices, hit an 8-year low. This indicates that we are headed toward, if not already in, a double-dip recession in the housin... Read More

Mid-Day Gold & Silver Market Report – 5/31/2011

IS GOLD THE NEXT CURRENCY? Gold is being seen more and more as a non-fiat currency as geopolitical tensions still rising, continued downgraded credit ratings of many of the European countries as well as the dire outlook for the U.S. economy. Gold has been a safe haven against failing currencies throughout the ages and continues to do so as even central banks have run to the safety the metal provides. However, it seems as though major investors and financial institutions, as well as... Read More

Morning Gold & Silver Market Report – 5/31/2011

GOLD’S CLIMB SIGNALS HYPERINFLATION? Last week saw a jump of nearly 2% for gold (which would have been a record high just one month ago), and the jump seemed to catch the attention of many analysts and investors alike.  This brought about short-term predictions of gold hitting $1,560 or even $1,600 from numerous outfits.  Of course, n... Read More

Closing Gold & Silver Market Report –5/27/2011

YEMEN BOMBS OWN PEOPLE AND CIVIL WAR ERRUPTS; DOES ANOTHER MIDDLE EASTERN COUNTRY START TO FALL? Precious metals were all rising today on the continued worries about the sovereign debt crisis as well as the ongoing worries about the United States’ debt limit approaching. The U.S. dollar took a hit and lost 0.66% in today’s trading while Read More

Mid-Day Gold & Silver Market Report –5/27/2011

GOLD UP, DOLLAR DOWN – The US Dollar Index is down almost 0.9% at mid-day today, pushing gold prices up.  There have been many forces acting on the value of the dollar lately: Euro zone ... Read More

Morning Gold & Silver Market Report –5/27/2011

WHO LOSES BIG IF GREECE RESTRUCTURES? – There are many who even wonder why we should care if Greece defaults on their loans. So what if they can only pay back 50 cents on... Read More

Closing Gold & Silver Market Report – 5/26/2011

CHINA’S GOLD DEMAND TO RISE 22% THREE YEARS -  China is rapidly closing in on India, as the world’s largest consumer of gold. Although China is one of the leading producers of gold, they cannot produce near enough to satisfy their appetite. Gold production should reach 400 tonnes by 2014 with a gain of 19%, but still the demand will be for 700 tonnes. Read More

Mid-Day Gold & Silver Market Report – 5/26/2011

CROSSCURRENTS IN THE MARKET CREATE UNCERTAINTY FOR THE FUTURE – Aid from China might not be enough to keep Greece from economic meltdown. It appears unlikely that Greece will be able to meet its goal for trimming its budget deficit in 2011, and as a consequence, the IMF may not provide funds for the next round of aid packages. If Greece is allowed to default this may set a precedent f... Read More

Morning Gold & Silver Market Report – 5/26/2011

GDP & JOBS REPORT BOTH DISAPPOINT - The US GNP report just came out and the US economy grew less than expected in the 1st quarter…up only 1.8%. The weekly jobs report also was just released and once again, it made a surprise move upward, as it increased by 10,000 to 424,000. It was expected to come down to 405,000. Read More

Closing Gold & Silver Market Report – 5/25/2011

FINANCIAL INSTABILITY SUPPORTS GOLD – Gold’s attractiveness as a store of wealth continued to grow today.  The primary factors supporting gold are the ongoing debt concerns coming out of Greece and the ramifications they have on the rest of the euro zone.  Analysts at VTB capital in London said in a note to clients, “We think that gold will remain well supported in ... Read More

Mid-Day Gold & Silver Market Report – 5/25/2011

HEAVY NATO BOMBING IN TRIPOLI – For two nights in a row,  NATO forces have launched nightly bombing attacks against Gaddafi forces in Tripoli. President Obama has issued another warning to President Gaddafi that there will be “no let up” until he is gone. This conflict is now three-months old (much longer than expected) and although President Obama will not predict when Gaddafi will ... Read More

Morning Gold & Silver Report –5/25/2011

DEBT CRISIS DEBT CRISIS DEBT CRISIS - According to a poll by the Washington Post, Americans are far more worried by the overall growing US debt, than they are worried about whether Congress will raise the debt limit. When asked to express their big... Read More

Closing Gold & Silver Market Report – 5/24/2011

GOLD & SILVER RISE AS SAFE HAVEN INVESTMENT – All four precious metal prices are up and gold reached its best since May 3. It is worth pointing out that although silver went through a wild ride recently, gold did not experience the same turbul... Read More

Mid-Day Gold & Silver Report – May 24, 2011

CURRENCIES ON ROLLER COASTER SEND PEOPLE REACHING FOR GOLD Precious metals are rallying today on continued news of the Europe’s sovereign-debt crisis and the downgrading of Belgium and Italy. As of the last week, this news has driven the dollar up against the euro and kept the prices of metals steady. However, it seems that the severity of this news is starting to sink in with the population and they are realizing that even though the dollar was rising against a flailing euro, it s... Read More

Morning Gold & Silver Report – May 24, 2011

CHINESE CITIZENS BUYING GOLD IN RECORD AMOUNTS -  China bought more gold in the first quarter 2011, than the combined totals of the developed Western Nations. Demand in France, Germany and Switzerland increased triple-digits, yet China outpaced them all put together. The Chinese government made it legal to own gold in 2001 and since that time gold as an invest... Read More

Closing Gold & Silver Market Report – 5/23/2011

INVESTORS LOOK TO GOLD –  Gold showed its resilience vs. other commodities, proving its safe haven appeal, closing at nearly a two week high, while other metals were slightly off the mark.   Bart Melek, head of commodity Strategy with TD Bank Financial Group summed it up nicely when he said, “Gold is doing relatively well. This whole sovereign debt crisis will contin... Read More

Mid-Day Gold & Silver Market Report – 5/23/2011

VOLCANO ERUPTION DISPERSES NEW FEARS Precious metals stay steady while bombarded with conflicting news. Italy was downgraded, and while seemingly insignificant, this goes to show even further decay of Europe’s financial situation. As well as the fact that analysts at UniCredit downgraded the insurance sector and the basic-resources sector in Europe to neutral from ove... Read More

Mid-Day Gold & Silver Market Report – 5/23/2011

VOLCANO ERUPTION DISPERSES NEW FEARS Precious metals stay steady while bombarded with conflicting news. Italy was downgraded from an A+ to an A-, and while seemingly insignificant, this goes to show even further decay of Europe’s financial situation. As well as the fact that analysts at UniCredit downgraded the insurance sector and the basic-resources sector in Europe... Read More

Morning Gold & Silver Market Report – 5/23/2011

SPANISH ELECTIONS HEAP MORE CONCERN ON EUROPEAN DEBT CRISIS – IS ITALY NEXT? – Standard & Poor’s just cut its rating for Italy from neutral to negative. Fitch Ratings cut Greece once again on Friday. The Spanish Socialists Party suffered major losses in local elections, which is a clear signal that Spanish voters do not want austerity measures. All of these factors continue t... Read More

Closing Gold & Silver Market Report – 5/20/2011

GOLD STRONG, STOCKS WEAK ON VOLATILE DAY IN CURRENCIES MARKET – Gold finished the week strong on news of a downgrade of Greek debt by the ratings agency Fitch.  This news hit the euro hard, as it fell more than 1% today against the dollar.  Citigroup announced a belief that this breakout will start a downtrend for the euro, in which it may continue to s... Read More

Morning Gold & Silver Market Report – 5/20/2011

BAD ECONOMIC DATA = FED CONTINUING ULTRA-LOOSE POLICY? Gold and silver recovered quickly from early-morning losses, with gold eclipsing $1,500 and silver looking to hold over $35.  Prices are being supported by the dollar continuing its slide versus the euro.  Stocks are slightly lower this morning as investors are waiti... Read More

Closing Gold & Silver Market Report – 5/19/2011

CENTRAL BANKS SNAP UP METALS and take advantage of the current sell-offs, feeling prices will be supported by “the uncertainty over the US economy and the dollar, ongoing European sovereign debt concerns, global inflationary pressures and continued tensions in the Middle East and North Africa,” said the group’s managing director, Marcus Grubb, in an interview with CNBC. Grubb goes on to say, “ Read More

Mid-Day Gold & Silver Market Report – 5/19/2011

MORE SIGNS OF SLUGGISH GROWTH FOR THE US ECONOMY – There were several key economic reports that came out today, that indicate slower economic growth in the US. Factory activity in the Mid-Atlantic region grew slower than expected. A gauge of future economic activity (Philadelphia Fed Board), fell for the first time in nearly a year during April. There was an unexpected d... Read More

Morning Gold & Silver Market Report – 5/19/2011

JOBLESS CLAIMS DOWN; IMF CHIEF RESIGNS The weekly jobless claims report was released this morning, and showed an improvement from last week.  New jobless claims were at 409,000, down from 434,000, and about 11,000 better than forecast.  However, the four-week moving average, often seen as a better indicator of trends, increased to 439,000, which... Read More

Closing Gold & Silver Market Report – 5/18/2011

FULL-DAY RALLY HOLDS UP PRICES – It sounds eerily familiar to last month’s story, but gold and silver both saw modest gains today.  Silver led the rally gaining more than $1.50, while gold gained a respectable $16.40.  Inflation fears both here and abroad are bringing investors back to precious metals for their safe haven appeal.  Adding to the rally today was a weaker dollar.  Recently, the dollar has been gaining strength against the basket of six currencies its compa... Read More

Mid-Day Gold & Silver Market Report – 5/18/2011

SILVER UP OVER 5%; IMF CHIEF’S ARREST COULD HELP CHINA Precious metals continue to climb thanks to inflationary concerns, as crude oil jumped past $100. Adam Klopfenstein of Lind-Waldock in Chicago explains, “The risk appetite is coming back to commodities across the board … Anytime you see a pullback, people will come in and buy gold t... Read More

Morning Gold & Silver Market Report – 5/18/2011

PRECIOUS METALS REBOUND; CHINA HEADED FOR RECESSION? Precious metals are up across the board in early-morning trading, thanks in part to the dollar sliding versus the euro.  The euro hit a seven-week low earlier this week, but has since recovered.  Afshin Nabavi of MKS Finance says, “The demand for physical [precious metals] is rather interesting again.” ... Read More

Closing Gold & Silver Market Report – 5/17/2011

PLATINUM AND PALLADIUM TRADE HIGHER ON NEWS OF SHORTAGES – In a report by Johnson Matthey, platinum and palladium supplies will be much lower this year.  Both are very industrial metals used in the auto industry.  The auto industry has been an increasing source of demand, and should be a 10-year peak this year.  Meanwhile, on the supply side, Russia’s output is predicted to b... Read More

Mid-Day Gold & Silver Market Report – 5/17/2011

RISK OF DEFAULT IN GREECE IS RISING – The arrest of Dominique Strauss-Kahn, head of the International Monetary Fund, has increased the probability that Greece could either default or be forced to re-structure their debts. Strauss-Kahn has been a major force in coordinating the actions amongst the European nations and the loss of his leadershi... Read More

Morning Gold & Silver Market Report – 5/17/2011

FINANCIAL REPRESSION IS COMING TO AMERICA – Mohamed El-Erian, co-CEO of the world’s largest bond fund warns that America could soon face higher inflation, austerity measures and financial repression as our political leaders and policy makers struggle to deal with the impact of our financial crisis. Mr. El-Erian described financial repression as the seeking to impose negative real rates of returns on investors. “Think of the debt... Read More

Closing Gold & Silver Market Report – 5/16/2011

THE ARREST HEARD ‘ROUND THE WORLD The arrest of Strauss-Kahn, the International Monetary Fund chief, has been top news today and has had people laying in wait to see how stocks, commodities and currencies will be affected by this event. Why has this one man’s arrest sent the world spinning into worry mode? Greg Anderson, a currency strategist at Citigroup, weighs in, saying, “ Read More

Morning Gold & Silver Market Report – 5/16/2011

ARREST OF IMF CHIEF CASTS MORE UNCERTAINTY ON EURO ZONE CRISIS - The International Monetary Fund’s Chief Executive, Dominique Strauss – Kahn was arrested in New York City on Sunday on charges that he allegedly raped a hotel maid. Strauss-Kahn was also leading in the polls to become France’s next president. As IMF Chief, Strauss-Kahn was a charismatic leader who led the IMF through 2007-2009 global financial meltdown. He has been... Read More

Closing Gold & Silver Market Report – 5/13/2011

EXPERT SAYS TO BET AGAINST TREASURIES AND OWN GOLD - This is according to Charles de Vaulx, who oversees mutual funds IVA Worldwide and IVA International.  “We control risk by owning gold,” de Vaulx said. “As long as the policymakers are being irresponsible, it’s good to own some... Read More

Mid-Day Gold & Silver Market Report – 5/13/2011

FRIDAY THE 13TH FEARS EQUATE TO INFLATION – Stocks are trading lower Friday, primarily driven by concerns over inflation and a strengthening dollar.  "Core inflation is beginning to accelerate. Bernanke may be on the wrong side of this while some of the regional Fed presidents may be closer to the mark," said Michael Strauss chief economist and chief investment strategist a... 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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