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Closing Gold & Silver Market Report – 3/8/2012

GREEK BONDHOLDERS ON BOARD; MARKETS RALLY ON NEWS   Prices for precious metals continued to climb today. The growing optimism over Greece completing its debt-swap deal with private bondholders has helped strengthen the euro. Gold and the euro historically have had a positive correlation to one another, and the recent rise an... Read More

Mid-Day Gold & Silver Market Report - 3/8/2012

INVESTORS STEER TOWARD GOLD; OUTLOOK FOR GREEK DEAL ENCOURAGING   Precious metals prices are up following morning trends. For the past two days, the U.S. dollar’s strength has decreased compared to the euro, which has pushed Gold up. Investors seem to be feeling more comfortable with the yellow metal versus green paper. Greece is working constructively on its debt bond swap, and it appears the deal may reach a successful closure by today’s deadline... Read More

Morning Gold & Silver Market Report – 3/8/2012

JOBLESS CLAIMS REPORT DISAPPOINTS; GOLD, SILVER GAIN   New claims for unemployment benefits took a surprising turn upward for last week, increasing by 8,000. Although not considered significant enough to change perceptions that the job market is improving, it still went in the wrong direction. Economists polled by Reuters expected the number of claims to re... Read More

Closing Gold & Silver Market Report – 3/7/2012

SOME HEDGE FUNDS REFUSING GREEK SWAP; QE3 MORE LIKELY? In afternoon trading, prices of the four precious metals were pushed upward as markets reacted to private-sector job numbers and news that the Federal Reserve is considering a new program of bond buying. The Gold price broke a three-day downward trend, ending the day up by nearly $12. The price for the met... Read More

Mid-Day Gold & Silver Market Report – 3/7/2012

OPTIMISM SEEN IN GREECE; CHINA RAILS AGAINST U.S. TRADE   Precious metals have maintained their positions in positive territory today. The euro recovery and physical demand out of Asia are keeping prices higher. The jobs data announced earlier today and the growing support for consolidating Greek debt has helped the overall outlook for Gold. Trader Frank Lesh said, “There is some positive news out there for the economy, and that is Read More

Morning Gold & Silver Market Report – 3/7/2012

DEADLINE TODAY FOR GREEK BONDHOLDERS   U.S. stock futures are up this morning, after the stock market’s biggest one-day drop of the year. Precious metals also are trading higher.  The ADP private-sector jobs report was released this morning and had little to no effect on precious metals or stocks. Howev... Read More

Closing Gold & Silver Market Report – 3/6/2012

STOCKS SEE BIGGEST LOSS OF 2012; GOLD, SILVER START TO RECOVER   The stock market closed down more than 200 points today, its biggest loss of 2012. As reported throughout the day, the fear of a Greek default is rocking the stock markets and precious metals markets. Stocks are down on fears of what a Greek default might do to the fragile global economic recovery. Gold and Silver prices are down largely b... Read More

Mid-Day Gold & Silver Market Report 3/6/2012

METALS RATTLED BY UNCERTAINTIES OVER GREEK DEBT SWAP      Precious metals prices are down across the board on concerns whether the Greek bond swap deal will be successful. Gold, Platinum, Palladium and Silver all experienced a hit, with prices down more than 2 percent. A combination of factors has affected the market today. Analysts at Barclays Capital said, “Uncertainty about Greece, a revision to China’s official growth forecasts, and elevated oil... Read More

Morning Gold & Silver Market Report – 3/6/2012

OBAMA, ISRAELI P.M. AGREE TO WATCH SANCTIONS ON IRAN   Precious metals prices were down this morning, driven primarily over the growing economic concern over the debt resolution steps being taken in Greece, causing the euro’s value to drop. Oil prices are on the rise as well, due to Middle East instability, but safe-haven appeal of precious metals is being influenced by exchange rate issues this morning. Analyst David Wilson said, Read More

Closing Gold & Silver Market Report – 3/5/2012

GOLD PRICE CLOSES ABOVE $1,700; STOCKS FALL ON CHINA, U.S. NEWS   Since the Mid-Day Gold & Silver Market Report, the price of Gold climbed to end the day above $1,700. Markets across the board have been weighed down by depressing data released in the U.S., as well as from China and Europe. The Gold price fell sharply last week in response to testimony... Read More

Mid-Day Gold & Silver Market Report 3/5/2012

GREECE OPTIMISTIC ON SOVEREIGN DEBT DEAL   Precious metals prices are experiencing a small loss since this morning. Gold's price is declining on news that China is lowering its economic growth target for 2012 to 7.5 percent, which is the lowest level in seven years. Read More

Morning Gold & Silver Market Report – 3/5/2012

GOLD PRICE SLIGHTLY LOWER, SILVER SLIGHTLY UP IN EARLY TRADING    Gold and Silver prices have been relatively stable in morning trading. Gold did dip below $1,700 before rebounding. Platinum and Palladium have taken sharper hits to their prices. Generally speaking, this lack of price movement occurs on days when there is a void of news affecting Gold and Silver. This was true this morning. Greece and oil remain the top headlines. The popular notion that a sol... Read More

Closing Gold & Silver Market Report – 3/2/2012

DOLLAR RISES ALONG WITH CONCERNS OVER MIDDLE EAST   Precious metals prices have remained relatively steady today with technical selling to balance investors’ books for week’s-end profit-taking. The dip in stock markets is attributed to many investors feeling the rally was moving faster than the actual global growth outlook. Money manager John Carey said, “Some people may think that the Read More

Mid-Day Gold & Silver Market Report 3/2/2012

SAN FRANCISCO FED PRESIDENT HOPEFUL; GOLD STILL FAVORABLE ASSET    Precious metals prices are slowly dropping, following this morning’s trend. Gold’s price drop is coming from a stronger U.S. dollar, and the price movement supports the inverse correlation between the two. Federal Reserve Chairman Ben Bernanke indicated this week that additional actions to assist with economic recovery need not be implemented at this time. In the past, the Fed ... Read More

Morning Gold & Silver Market Report – 3/2/2012

GOLD’S BUYING OPPORTUNITY MAY NOT BE OVER   Gold and Silver are giving back yesterday’s gains this morning, while U.S. stock futures trade lower. A strengthening U.S. dollar is the likely cause of Gold and Silver’s decline, as currency markets have recently been the controlling factor in the prices of the metals. One analyst, James Steel, believes that Read More

Closing Gold & Silver Market Report – 3/1/2012

GOLD, OTHER METALS END THE DAY UP; IMF SAYS EUROPE STILL A THREAT   Prices for all four precious metals ended the day up in afternoon trading, with Silver and Platinum in particular both continuing to gain since the posting of the Read More

Mid–Day Gold & Silver Market Report – 3/1/2012

GOLD, SILVER PRICES RECOVERING FROM WEDNESDAY’S DOWNTURN   Gold and Silver prices have been moving up through the morning, recovering from yesterday’s significant move down. Comments made by Federal Reserve Chairman Ben Bernanke are widely viewed as the cause of the strong sell-off, and Bernanke is back speaking before Congress today. There is strong interest as to whether Bernanke’s tone will remain th... Read More

Morning Gold & Silver Market Report – 3/1/2012

IRAN SANCTIONS ALREADY EFFECTIVE; QE3 SQUELCHED?   Precious metals prices have rebounded slightly today from Wednesday’s volatility. The Gold market was largely influenced by the perception presented in previous remarks by Federal Reserve Chairman Ben Bernanke, but were almost roundly squelched in prepared statements before a House of Representatives panel yesterday. Today, Bernanke is scheduled to sit in front of Senate members. Echoing that perception,... Read More

Closing Gold & Silver Market Report – 2/29/2012

SHARP SELL-OFF FOR GOLD, SILVER; FANNIE MAE TO SEEK $4.6 BILLION   Gold and Silver experienced drastic sell-offs today after testimony by Federal Reserve Chairman Ben Bernanke before the House Financial Services Committee. Bernanke indicated that the Fed is not likely to consider a third round of quantitative easing. Prices for Gold and Silver ended at their lowest points since December. With the view o... Read More

FLASH: Gold Falls Below $1,700; Silver Below $35

In most cases, when Federal Reserve Chairman Ben Bernanke speaks, precious metals prices go up. But not today. Bernanke’s comments have created a sharp selloff in Gold and Silver. In testimony before a congressional committee, Bernanke said he would not take the possibility of QE3 off the table, but his comments have been interpreted to mean that another round of quantitative easing is unlikely. “Bernanke said that another round of bond buying ... Read More

Mid-Day Gold & Silver Market Report 2/29/2012

GOLD DIPS AS FED CHAIRMAN SPEAKS   As Federal Reserve Board Chairman Ben Bernanke spoke to the House Financial Services Committee this morning, the Gold price took a quick dive. At one point, Gold was down more than $70 per ounce. On the labor market, Bernanke said, “The job market remains far from normal,” as the unemployment rate has dropped to 8.3 percent in January from a staggering 9 percent for the majority of 2011. On the economy, he said, “ Read More
US Dollar Prices are in USD

Precious Metal Prices
4/23/2014 6:11:26 PM EST

Metal Bid Ask Change
Gold $1,284.20 $1,286.20 ($0.40)
Silver $19.40 $19.50 $0.01
Platinum $1,396.30 $1,406.30 $2.40
Palladium $782.60 $787.60 $3.00
4/23/2014 6:11:26 PM EST

Click here for Historical Charts*All Charts are in USD


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