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

GOLD PRICE DROPS AS FED CHAIRMAN’S TESTIMONY BEGINS   Precious metals prices lost ground in trading this morning as Federal Reserve Chairman Ben Bernanke began testifying before the House Financial Services Committee. The Gold price dropped as much as $70 per ounce at one point, but the price had started to regain some of the loss by late morning. Prices for Silver, Platinum and Palladium also dropped. However, Read More

Closing Gold & Silver Market Report – 2/28/2012

Gold Hits a Three Month High, Silver a Four Month High; Pimco CEO Says Greek Bailout Will Fail Shaking off yesterday’s downward ending, the price of Gold ended the afternoon at its highest point in three months. With analysts saying that long-term support for gold is solid, investors took advantage of the previous two sessions’ price drops and enthusiastically purchased... Read More

Mid-Day Gold & Silver Market Report – 2/28/2012

GOLD UP, OIL DOWN; FED CHAIRMAN TO SPEAK Precious metals prices have been on the rise since the Morning Gold & Silver Market Report. This would seem to be a precursor to Federal Reserve Chairman Ben Bernanke’s upcoming semi-annual monetary policy report to the House of Representatives tomorrow and the Senate the following day. There is also an i... Read More

Morning Gold & Silver Market Report – 2/28/2012

OIL, GOLD BUCK TREND; DURABLE GOODS ORDERS DROP   All precious metals are enjoying gains this morning, with Silver leading the pack. Peter Fertig of Quantitative Commodity Research Ltd. said, “The euro is stronger against the dollar, and that’s one of the major supportive factors.” Fertig said higher equitie... Read More

Closing Gold & Silver Market Report – 2/27/2012

GOLD PRICE RISE SEEN THIS WEEK; BEARS PREDICT MARKET CORRECTION   After significant gains pushed Gold to end the previous week up by 2.9 percent, profit-taking by investors caused the price to end the day slightly down in afternoon trading. The metal ended the day down just 0.1 percent based on Gold futures for April delivery. Platinum a... Read More

Mid-Day Gold & Silver Market Report 2/27/2012

PLATINUM MINE TO REHIRE STRIKERS; GERMAN VOTE SUPPORTS SECOND GREEK BAILOUT   Precious metals prices were holding steady with little fluctuation. Gold’s price is primarily being affected by Europe’s debt crisis and high crude oil prices. The speculation that crude oil could increase to $5 a gallon by summer concerns many U.S. residents, because some will not be able to pay a higher bill at the gasoline pump. There is fear that the nation may be heading backward ra... Read More

Morning Gold & Silver Market Report – 2/27/2012

OIL PRICE KEEPS RISING; GOLD, SILVER PRICES SOFTEN   Oil prices have gone up the past two weeks and look as if they might make a run at a third consecutive week. A CNBC poll showed 75 percent of analysts and traders are expecting higher prices this week. There is concern that rising oil prices could put the brakes on a fragile global economic recovery. The United States has experienced sharp price hikes... Read More

Closing Gold & Silver Market Report – 2/24/2012

GREEK FALLOUT NIPS INVESTOR CONFIDENCE     There is an unintended consequence of restructuring the Greek debt that has not received a great deal of attention. To put it simply, private bond investors are going to be more cautious and more demanding when they lo... Read More

Mid-Day Gold & Silver Market Report 2/24/2012

SILVER PRICE UP 7.1% IN WEEK; U.S. CONSUMER CONFIDENCE UP   The Gold price is slightly down today as it tries to sustain this week’s gain. LGT Capital Management analyst Bayram Dincer said investors were moving into Gold on the back of expectations for further monetary easing in the United States and the eurozone. “It is really monetary (policy) expectations that are making the investment rationale for Gold,” he said. Read More

Morning Gold & Silver Market Report – 2/24/2012

ECB PRESIDENT SEES HIGH UNCERTAINTY IN EUROZONE Precious metals are trading down across the board this morning, while U.S. stock futures are gaining ahead of economic data to be released this morning. David Morrison, senior market strategist at GFT Markets, believes that recent actions by central banks of the world to increase liq... Read More

Closing Gold & Silver Market Report – 2/23/2012

ANOTHER 3-MONTH HIGH FOR GOLD; ECONOMISTS WARY ON STEADY JOBLESS CLAIMS   The Gold price reached another three-month high today, helped upward by the dollar’s weakness and a belief that central banks around the world will continue current loose monetary policies. Read More

Mid-Day Gold & Silver Market Report – 2/23/2012

GREEK DEBT WRITE-OFF BEGINS; OIL PUSHES GOLD HIGHER Precious metals prices are on the move upward again today. A number of factors are leading to that trend, most notably the rising Middle East tension, Greek debt resolution and technical buying. RBS strategist Nikos Kavalis said, “The fact that we have Iran in the background is certainly helping through higher oil prices, which are a negative for most other industrial commodities. But Read More

Morning Gold & Silver Market Report – 2/23/2012

JOBLESS CLAIMS UNCHANGED FROM LAST WEEK   The number of new claims for unemployment benefits in the United States was unchanged from last week. Claims have held at the lowest levels since 2008. Economists polled by Reuters had expected claims to rise slightly from 351,000 to 354,000, so there is renewed hope that the U.S. job sector might be turning the corner. The European Commission... Read More

Closing Gold & Silver Market Report – 2/22/2012

GOLD SETTLES AT THREE-MONTH HIGH; SKEPTICISM ON GREECE JUSTIFIED, PIMCO CEO SAYS After a sluggish performance earlier in the day, Gold settled at a three-month high this afternoon. With investors engaging in profit-taking in the wake of fading enthusiasm for Greece’s bailout agreement and the release of less-than-positive economic data from China, bargain hunters push... Read More

Mid-Day Gold & Silver Market Report 2/22/2012

GREEK PROTESTS PLANNED; DEFAULT SWAPS ARE CONCERN   Precious metals prices have moved little today with the exception of Platinum’s, which is up considerably since this morning. Platinum’s price has rallied due to a labor dispute at one of the world’s largest Platinum mines, Impala Platinum’s Rustenberg Facility. The disagreement at the mine has led to a loss of 80,000 ounces in output. Credit... Read More

Morning Gold & Silver Market Report – 2/22/2012

GOLDMAN SACHS SEES SLOW U.S. GROWTH, HIGHER GOLD PRICE IN 2012 Precious metals are experiencing mixed trading this morning, with Gold and Palladium relatively flat, Silver down about 1 percent, and Platinum up about 1 percent. For Gold, the concerns over the state of European debt have brought down the value of the euro. Sharps Pixley Chief Executive Ro... Read More

Closing Gold & Silver Market Report – 2/21/2012

GOLD, SILVER PRICES HEAD HIGHER THROUGH DAY   The headlines give the Greek bailout settlement credit for the big move in Gold and Silver prices today, and that was no doubt a factor. However, the wise investor might look deeper. These prices might reflect a world in constant turmoil, and this Greek package (which is not fully approved), might be but a small contributor. Oil prices are beginning to rise ... Read More

Mid-Day Gold & Silver Market Report 2/21/2012

SILVER PRICE UP 20% IN JANUARY; GREECE DEAL GETS MIXED REVIEWS   Precious metals prices continued to climb this morning. A deal was reached for the Greek bailout package, which encouraged a stronger euro and boosted Gold’s price. Andrey Kryuchenkov at VTB Capital said, “The biggest problem for Gold would be a stronger dollar. I remain bullish in the... Read More

Morning Gold & Silver Market Report – 2/21/2012

PESSIMISM SURROUNDS GREEK BAILOUT; MORE THREATS FROM IRAN European stocks were trading flat this morning, and U.S. stock futures are pointing to a higher opening for Wall Street. Eurozone finance ministers finally approved a second bailout package for Greece late Monday, but pessimism still surrounds the announcement. This was perhaps best explain... Read More

Closing Gold & Silver Market Report – 2/20/2012

GOLD PRICE UP; ISRAEL MULLS ATTACK ON IRAN’S NUCLEAR PROGRAM   Gold prices ended the day up, buoyed by a Chinese cut in lender reserve requirements and optimism in the markets that Greece’s bailout would be approved by eurozone finance ministers. In an e-mail today, William Adams, the head of research for, wrote, “The metals and mar... Read More

Mid-Day Gold & Silver Market Report – 2/20/2012

GREEK RESOLUTION SEEMS A DONE DEAL, BUT GAPS WILL REMAIN   Precious metals prices continued to rally today on news that Greek debt resolution deal is almost a formality at this point. Consultant Paul Fertig reiterated that point, saying, “It seems today that eurozone finance ministers will approve the 130 billion-euro bailout package for Greece, and that should reduce fear in the financial markets and have a positive impact on the euro in particular. … T... Read More
US Dollar Prices are in USD

Precious Metal Prices
4/23/2014 4:27:25 PM EST

Metal Bid Ask Change
Gold $1,284.40 $1,286.40 $3.30
Silver $19.40 $19.50 $0.09
Platinum $1,395.60 $1,405.60 $5.30
Palladium $782.70 $787.70 $3.10
4/23/2014 4:27:25 PM EST

Click here for Historical Charts*All Charts are in USD

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