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Our Daily Gold & Silver
Market Reports

Mid-Day Gold & Silver Market Report – 7/12/2011

Precious metals are trading steady as earlier today oil was still trending towards its third straight day of losses.  It has now begun to gain, taking gold with it. The Read More

Morning Gold & Silver Market Report – 7/12/2011

CONTAGION FEARS HOLD MARKETS HOSTAGE As the euro weakens against the dollar, the price of gold is mostly suppressed.  This is the case this morning as gold is flat.  However, when priced in the euro, gold is at an all-time high for the second day in a row.  The fear that the debt crisis Greece is currently facing will spread to other weak... Read More

Closing Gold & Silver Market Report – 7/11/2011

GOLD CONTINUES UPWARD AMID EQUITIES LOSSES – Concern over Europe’s sovereign debt crisis pushed gold up today, aided by a significant drop in stock prices.  Italy and Spain seem to be in ever-increasing trouble lately. In the last few trading days the interest rates investors demand to loan money to the two governments skyrocketed, indic... Read More

Mid-Day Gold & Silver Market Report – 7/11/2011

OBAMA BEARS DOWN ON DEBT CEILING TALKS  With the August 2nd deadline for the U.S. to raise the debt ceiling and avoid defaulting on the national debt steadily coming closer, President Obama said in a news conference this morning that he “will refuse to sign any short-term deficit deal.” The President indicated that he would be meeting daily with Washing... Read More

Morning Gold & Silver Market Report – 7/11/2011

ARE WE GETTING TALLER? THE CEILING SEEMS CLOSER. Mohamed El-Erian, CEO of PIMCO, is advising that we keep a close watch on Italy, as the market measures of Italian sovereign risk rose sharply last week. On Friday, the credit spread on five-year instruments spiked 30 basis points in one day, which is a very significant amount for a country with Italy’s economic and financial standing. The stocks of Italia... Read More

Closing Gold & Silver Market Report – 7/8/2011

METAL MARKETS BOOM ON SAFE HAVEN BUYING – The horrible jobs data released today broke a long winning streak in stocks and caused many investors to flee to safe haven assets like gold.  Most investors look at long term price movements when buying physical metals, Read More

Mid-Day Gold & Silver Market Report – 7/8/2011

JOBS REPORT ANEMIC DESPITE PREDICTIONS - The big story affecting the market today is non-farm payroll data for June being worse than it was in May; in fact, June saw the fewest number of jobs added in nine months.  Expectations for June were that 90,000 or more jobs would be added, but when only 18,000 new jobs came in, the disparity between reality and predictions sent the markets into retreat.  Read More

Morning Gold & Silver Market Report – 7/8/2011

DISMAL JOBS REPORT STUNS INVESTORS, BOOSTS GOLD Before the release of the nonfarm payrolls report this morning, economists’ consensus was for a gain of 125,000 jobs in June, with unemployment staying at 9.1%.  Gold prices were down slightly in anticipation of the report, and the dollar strengthened amid the optimism.  Yet again, th... Read More

Closing Gold & Silver Market Report – 7/7/2011

GOLD HOLDS RELATIVELY STEADY AS INVESTORS’ FEARS ARE CALMED – Gold prices were relatively flat today, as news rolled about employment data, anti-inflationary measures by the European Central Bank, aid for Portugal, among others.  Stocks continued their run up on the news, with gold up slightly. Read More

Mid-Day Gold & Silver Market Report – 7/7/2011

GOLD BENEFITS FROM FLIGHT TO QUALITY Precious metals are trading steadily today, with silver making a small gain, after news of jobless claims falling by 14,000 to 418,000.  Oil also rose after the jobless data was released with ... Read More

Morning Gold & Silver Market Report – 7/7/2011

PRIVATE JOBS UP; ECB RAISES RATES The private sector added 157,000 jobs from May to June according to this morning’s ADP report. Although still not enough to make a significant dent in the unemployment rate (which remained at 9.1%), it did beat forecasts.  Gold has recovered from early-morning losses and joined silver in the black. Read More

Closing Gold & Silver Market Report – 7/6/2011

GOLD AS AN INSURANCE Precious metals are trading higher today on continued news of the U.S. coming ever closer to the debt ceiling while there is still no deal in sight.  News that also helped push the metals today is that of the Portugal credit downgrade, reviving fears of a eurozone debt contagion.  George Gero, the precious metals strategist at RBC Capit... Read More

Mid-Day Gold & Silver Market Report – 7/6/2011

GOLD MARCHES FORWARD – DOLLAR LEADING CHARGE? The U.S. dollar is strengthening, thanks in part to the euro slipping on news of Portugal’s debt rating being slashed (EU officials are blasting ratings agencies for anti-European bias), the end of ... Read More

Morning Gold & Silver Market Report – July 6,2011

THE FOUR STRUCTURAL HEADWINDS FACING THE US ECONOMY - In an article published on Monday, PIMCO CEO and co-CIO, Mohamed El-Erian, presented his view of the four structural headwinds facing the US economy. First is the housing market. Nearly three years after the global financial crisis, the US housing market has still not set a bottom and this under... Read More

Closing Gold & Silver Market Report – 7/5/2011

GREECE WELCOMES PORTUGAL TO JUNK RATING TERRITORY – Ratings agency Moody’s downgraded the Portugal’s debt to junk this afternoon, a move that happened only months ago for Greece.  Moody’s is the first ratings agency to move Portugal’s debt to less than investment grade.  Reflecting the sentiment that the euro zone is no where near the end of the crisis, Rob... Read More

Mid-Day Gold & Silver Market Report – 7/5/2011

WTO SIDES WITH U.S. IN CHINA TRADE DISPUTE – The World Trade Organization has ruled that China broke international trade regulations by limiting exports of raw materials.  The dispute was originally brought before the WTO in 2009 by the U.S., EU, and Mexico.  The complaints deal specifically with duties imposed on raw materials produced in Chin... Read More

Morning Gold & Silver Market Report – 7/5/2011

GOLD JUMPS BACK OVER $1500 IN OVERNIGHT TRADING – Silver, platinum and palladium are up sharply as well. This comes as the world equity markets are posed for yet another gain. There is a mixed message in the marketplace, as some investors see growth and are jumping into equities, while others see risk and are jumping into safe haven investments such as gold. The European Central Bank (ECB) will continue to accept Greek debt ... Read More

Closing Gold & Silver Market Report – 7/01/2011

JULY IS IN LIKE A BEAR FOR GOLD – The precious metals market saw losses across the board today as strong manufacturing data out of the U.S. and a positive sentiment from the EU on Greek debt encouraged investors to move into other investments.  Jim Steel, a metals analyst with HSBC in New York said, “It’s really in line with the overall commodity decline.”  Other commo... Read More

Mid-Day Gold & Silver Market Report – 7/1/2011

Precious metals are trading lower today, partially due to the release of the June ISM factory index increase to 55.3%, which eased fears of a double-dip recession.  GM posted a 10% jump in their June car sales.  But we are not out of the woods yet; the... Read More

Morning Gold & Silver Market Report – 7/1/2011

METALS DOWN AS INVESTORS AWAIT REPORTS Stock futures are flat while precious metals trade down as investors await a key manufacturing index’s release later this morning.  Analysts are expecting the Institute for Supply Management’s June manufacturing index to remain close to 53%. Morten Kongshaug of Danske Bank explained th... Read More

Closing Gold & Silver Market Report – 6/30/2011

GOLD CLOSES THE QUARTER ON A HIGH NOTE – Although these past few days have seen the metal retreat, for the quarter gold gained 4.4%.  In fact, gold gained 3.1% more than it did in the first quarter of the year.  So far this year, gold has been supported by geopolitical fears caused by uprising in North African and Middle Eastern countries, the natural disaster in Japan and the nuc... Read More

Mid-Day Gold & Silver Market Report – 6/30/2011

CHINA’S HAND IN THE COOKIE JAR; QE2 WORTH IT? In a report released today, it was announced why Treasury auction rules changed back in 2009. The Treasury Department changed their procedures then to allow for more transparency in the purchase of U.S. government debt through bond auctions. They handled the change dip... Read More

Morning Gold & Silver Market Report – 6/30/2011

JOBLESS CLAIMS FALL (BARELY); OBAMA CALLS FOR STIMULUS AND COMPLICATES DEBT TALKS The weekly jobless claims report was released this morning and showed a drop of 1,000 from last week.  Economists, who are constantly wrong on this subject, had expected a drop of 4,000.  The unemployment rate is one reason President O... Read More

Closing Gold & Silver Market Report – 6/29/2011

Precious metals continue to rally today on news of Greece’s parliament voting to push austerity measures and the ever-approaching U.S. debt ceiling.  Obama’s speech consisted of reiteration on the need to have both parties compromise and “get it done,” while emphasizing that both parties should be prepared to “take on their sacred cows” in the negotiation process. In spite of the fact t... Read More

Mid-Day Gold & Silver Market Report – 6/29/2011

BAILOUT SET FOR GREECE, IS U.S. NEXT? Greek Prime Minister George Papandreou was able to garner enough votes to pass the first part of the austerity plan for bailout by the EU. The vote means that the implantation, which is the second measure, should pass without issue. The margin of voting was actually quite a bit larger than the con... Read More

Morning Gold & Silver Market Report – 6/29/2011

DO OR DIE FOR GREECE, DOLLAR LOSING GLOBAL RESERVE STATUS Stock futures are trading higher this morning along with precious metals as the world awaits the big vote in Greece.  The Associated Press ... Read More

Closing Gold & Silver Market Report – 06/28/11

LAGARDE IS THE NEW HEAD OF THE IMF – It didn’t require a vote once the U.S. officially gave their support to Christine Lagarde.  She was selected by consensus to become the next Managing Director of the International Monetary Fund (IMF).  Lagarde has been quoted saying, “The IMF must be relevant, responsive, effective and legitimate to achieve stronger and sus... Read More

Mid-Day – Gold & Silver Market Report – 6/28/2011

GREECE IS THE WORD Greece continues to be a major news topic for the day. The Germans are backing the French plan for the rollover of Greek debt. Any plan for a rollover, however, requires credit rating agencies (Fitch, Moody’s, etc.) to not put Greece into a default status. The issue with this is that ... Read More

Morning Gold & Silver Market Report – 6/28/2011

AHEAD OF VOTE, IS EU THINKING OF PLAN B FOR GREECE? Following suit with oil, precious metals have rebounded this morning, possibly signaling an end to the selloff that started late last week.  Concern over the debt crisis in Greece is supporting demand for the safe-haven asset of gold.  Most analysts are ac... Read More

Closing Gold & Silver Market Report – 6/27/2011

GOLD ATTEMPTS TO HOLD $1500, HURT BY DEMAND FOR DOLLAR – Gold was down today, amid rising demand for the U.S. dollar.  The dollar rose in FOREX trading today on fears of the euro zone debt crisis.  A stronger dollar tends to push down on commodities, and gold is no exception.  Neither is oil, which dropped again.  A high oil price can weigh on the economy due h... Read More

Mid-Day Gold & Silver Market Report – 6/27/2011

U.S. BOND BUYING TO CONTINUE? WARRANT ISSUED FOR GADDAFI The Federal Reserve may continue to purchase Treasury bonds once QE2 comes to an end. The reinvestment into the bonds could pump as much as $300 billion towards the government debt without adding currency, or printing money to cover investment. The purchases are a means of support as Congress con... Read More

Morning Gold & Silver Market Report – 6/27/2011

CAN OBAMA RESTART DEBT CEILING TALKS? U.S. stock futures are holding on to mild gains this morning amid the release of consumer spending data, which remained flat and is the weakest in almost a year.  The dollar has recovered against the euro, which caused gold to give up its very modest early-morning gain... Read More

Closing Gold & Silver Market Report – 6/24/2011

IS THERE NOW A FEAR OF DEFLATION? Precious metals continue to trade lower today as a result of continued selloffs due to the markets being lower and on continued news of geopolitical turmoil. Treasury yields fall to a 2011 low on worries of the European debt crisis and Read More

Mid-Day Gold & Silver Market Report – 6/24/2011

SELLOFF CONTINUES; WILL AUSTERITY EVEN MATTER IN GREECE? Gold prices are down again today amid “merely follow-through selling after yesterday’s strong drop,” says Brien Lundin with the Gold Newsletter.  For the second day in a row, most stock prices are down as well as gold, going against the historically negative correlation the two share.&... Read More

Morning Gold & Silver Market Report – 6/24/2011

CONGRESSIONAL IMPASSE, DEADLINE LOOMING Vice President Joe Biden has been leading a small group of Democrats and Republicans in an initiative to come to a bi-partisan agreement on raising the U.S. debt limit by August 2. It appears any chance of an agreement broke down on Thursday, when Republicans walked out on the budget talks. The group quit unexpectedly over what the... Read More

Closing Gold & Silver Market Report – 6/23/2011

GREECE’S AUSTERITY PLAN APROVED, BAILOUT IMMINENT – The IMF and EU approved Greece’s plan for proposed austerity measures this afternoon, which opens the door for an emergency bailout to aid Greece’s bankrupt government.  The austerity package is comprised of a mixture of tax increases and cuts in spending.  The measure still has to be approved by the Greek parliament, where ... Read More

Mid-Day Gold & Silver Market Report – 6/23/2011

STOCKS, OIL, GOLD ALL DOWN AS INVESTORS COVER LOSSES The markets are all sharing a down day, with oil down 5%, gold 2%, and stocks down significantly as well.  The story with oil is that International Energy Agency (IEA) has released 60 million barrels to make up for lost production in Libya.  For gold, the markets are seeing a selloff in order to co... Read More

Morning Gold & Silver Market Report – 6/23/2011

JOBS REPORT = BROKEN RECORD, APMEX CEO ON CNBC The U.S. stock market was already heading for a weak opening, and this morning’s jobs report may support further declines. Once again the numbers are disappointing, as initial claims for state unemployment benefits rose by 9,000 when they were expected to drop by 1,000. The number now sits at 429,000. Federal Reserve Chairman, Ben Bernanke gave no cl... Read More

Closing Gold & Silver Market Report – 06/22/2011

TO QE3 OR NOT TO QE3, THAT IS THE QUESTION Precious metals are still up this evening as Federal Reserve Chairman Ben Bernanke spoke about the economy. When Bernanke speaks the markets tend to move. This time the stocks were down and precious metals were up. Ironically, the dollar was up against the euro and yen, but this was because he Read More

Morning Gold & Silver Market Report – 06/22/2011

GREEK PARLIAMENT GETS CONFIDENCE VOTE BUT STOCKS BACK OFF AS METALS CLIMB As expected, the recently reshuffled Greek parliament survived yesterday’s confidence vote. Now that the first small hurdle has been cleared, a much larger hurdle looms on June 28. This is the date the parliament must approve a package of spending cuts, tax increases and state asset sales in accordance with the bailout conditions i... Read More

Closing Gold & Silver Market Report – 6/21/2011

Citigroup Sees Gold Prices Rise to $1600 in 2011 Citigroup announced their gold price forecast for the balance of 2011 and are forecasting $1600 per oz. Stuart Staley; Citigroup’s global head of commodities further stated that gold prices could climb by 15 to 20 percent in the upcoming two years. This same sentiment was expressed by the ... 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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