Precious Metals Market Reports
Daily Gold & Silver Market Report – 6/8/2016
SILVER FORECAST TO REACH $20 BY END OF YEAR; U.S. DOLLAR DECLINES Precious Metals prices soared Wednesday as the market foresees the Federal Reserve not increasing interest rates in June or July, due to recent economic data. The expectation of the Fed skipping a few months of hiking rates along with the weakening U... Read More
Daily Gold & Silver Market Report – 6/7/2016
METALS LOOK FOR DIRECTION AHEAD OF NEXT FED MEETING Precious Metal prices are relatively flat during early Tuesday afternoon trading hours. After reaching a two-week high Monday, comments from U.S. Federal Reserve Chair Janet Yellen on the strength of the U.S. economy pressured prices. Although Yellen’s comments dampened investor appeal, some analysts believe Gold has more gro... Read More
Daily Gold & Silver Market Report – 6/1/2016
GOLD DOWN ON FED’S PROJECTED NEXT MOVE; CONSUMER CONFIDENCE SLIDES AGAIN Gold moved down Wednesday after further speculation the Federal Reserve will increase interest rates at June’s scheduled policy meeting. The market is fully aware the Fed will hike rates twice this year, but the news still moves Precious Metals prices. “The U.S. dollar has had a great run recently, which has put some short-term, inverse pressure on Gold,” Libertas Wealth Management Group President Adam ... Read More
Daily Gold & Silver Market Report – 5/27/2016
GOLD,OIL DOWN SLIGHTLY; AWAITS FED DECISION Gold is at an eight-week low Friday, seeing its fourth-straight weekly decline as inventors speculate the Federal Reserve will again raise interest rates, which would dampen metal demand and boost the U.S. dollar. This view has been supported by the central bank, which will meet Friday. Spot Gold was at $1,215.39 per ounce at 1340 GMT, little changed from late Thursday. "Expectations for summer rate hikes from the Fed have changed ov... Read More
Daily Gold & Silver Market Report – 5/26/2016
GOLD UP AS DOLLAR EXTENDS LOSSES; WALL STREET LOWER AS MATERIAL STOCKS FALL Gold was up slightly Thursday as economic data showed strong demand for U.S. manufacturing goods in April. Investors continue to watch for the next Federal Reserve interest rate increase, with a hike possible in June. "Gold has entered a phase of consolidation due to stronger views that the U.... Read More
Daily Gold & Silver Market Report – 5/24/2016
METALS DECLINE ON FED RATE SPECULATION Precious Metal prices are down during Tuesday morning trading hours. As the dollar continues its recent rally, investors are eyeing the economic data being released Tuesday, speculating when the Federal Reserve’s next interest rate hike will take place. Allianz Global Investors' emerging markets portfolio manager Shahzad Hasan said, “Ever... Read More
Daily Gold & Silver Market Report – 5/20/2016
Spot Gold is up Friday morning to $1,259.20 per ounce after closing Thursday at a three-week low. The drop was caused by speculation the Federal Reserve will raise interest rates next month. Higher interest rates would boost the U.S. dollar and affect interest in Precious Metals. The market has rebounded slightly because not every... Read More
Daily Gold & Silver Market Report – 5/19/2016
GOLD SLIDES TO THREE-WEEK LOW AS STOCKS WEAKEN, DOLLAR GAINS ON FED HIKE TALK Minutes from the U.S. Federal Reserve’s April meeting point toward a possible interest rate increase next month. Recent positive economic data strengthened the dollar and handed Gold a one percent loss. "All commodities are getting hammered -- Silver is down 3 percent, oil down more than 2 perc... Read More
Daily Gold & Silver Market Report – 5/17/2016
METALS CONTINUE RUN AS U.S. STOCKS STRUGGLE Precious Metal prices are receiving support so far during Tuesday trading. A decline in the U.S. dollar along with European shares showing a slight gain has helped metals continue their recent run. As Gold’s safe-haven appeal returns, many analysts and investors are keeping a watchful eye on the U.S. Federal Reserve to determine ... Read More
Daily Gold & Silver Market Report – 5/13/2016
GOLD DOWN SLIGHTLY AS DOLLAR HITS A HIGH Spot Gold is down slightly Friday as the U.S. dollar hit a two -week high against a few different currencies. If there is proof of a strong economy when the retail sales report comes out, the Federal Reserve said they believe the interest rates should be raised. Gold has gained 20 percent in 2016 but is down one percent so far for the week. "The move (in the ... Read More
Daily Gold & Silver Market Report – 5/12/2016
GOLD SLIPS AS DOLLAR STRENGTHENS; U.S. JOBLESS CLAIMS HIT-ONE YEAR HIGH A strengthening U.S. dollar has led to profit taking, pulling Gold back from its highest point since April. The Precious Metal had been at $1,303.00 per ounce before giving up some gains. Weak domestic and international economic data has helped Gold gain nearly 20 percent this year. The first quarter saw demand for Gold reach its highest level on record with the World Gold Council. "It was... Read More
Daily Gold & Silver Market Report – 5/9/2016
METALS DECLINE ON DOLLAR BUMP Precious Metal prices are giving back recent gains and are on the decline Monday. After Friday’s disappointing jobs data showed a decline in U.S. job production, the dollar lost ground as Gold and Silver prices gained. However, a bump in the dollar along with some investors cashing in on Gold’s recent success prompted investor appetite for riskier assets, ... Read More
Daily Gold & Silver Market Report – 5/6/2016
U.S. JOBS DATA EDGES GOLD SLIGHTLY HIGHER Spot Gold is up Friday after a weaker-than-expected jobs report, furthering speculation the Federal Reserve will keep interest rates low for some time. Weakness in the labor market is bullish for Gold and may support the Fed’s slow approach to normalizing currently ultralow benchmark interest rates. Further contributing to the ... Read More
Daily Gold & Silver Market Report – 5/5/2016
GOLD REBOUNDS FROM THREE DAYS OF LOSSES; WALL STREET OPENS HIGHER ON RISING ENERGY STOCKS U.S. jobless claims hit a 12-month high and helped Gold rally from three days of losses. The Precious Metal broke $1,300 per ounce Monday as the dollar struggled against Japan’s yen before later recovering. Analysts will watch Friday’s non-farm payrolls (NFP) report to decipher the Federal Reserve’s next interest rate increase. "Tomorrow's NFP remains the focal poin... Read More
Daily Gold & Silver Market Report – 5/4/2016
Gold was slightly pressured Tuesday after Atlanta Federal Reserve President Dennis Lockhart commented that an interest rate hike is a “real option” at the next Fed policy meeting. The news lifted the U.S. dollar, though it is just speculation. Wednesday’s disappointing news of only 156,000 new private jobs created in April shed some light on how ... Read More
Daily Gold & Silver Market Report – 4/29/2016
GOLD, SILVER UP AS DOLLAR FALLS Gold hit a seven-week peak Friday, while Silver was up 1.4 percent to $17.78 per ounce, its highest since January 2015. The dollar saw its biggest loss against the yen in more than five years after the U.S. Federal Reserve decided Wednesday to leave interest rates unchanged, a decision that supported bullion. The Fed kept the door open to an increase in June, but showed little sign it was in a hurry to tighten monetary policy. "Investors' confid... Read More
Daily Gold & Silver Market Report – 4/28/2016
GOLD CLIMBS AFTER FED, BOJ STAND PAT; U.S. ECONOMY STALLS IN FIRST QUARTER A slowdown in the U.S. economy has left the Federal Reserve pressing pause on raising rates at this time. The Japanese yen received a boost against the dollar as the Bank of Japan surprised the market and held its monetary policy steady. Gold was able to gain 1 percent on the combined economic news and has rallied 17 percent this year on expectations of the Fed not being aggressive on ... Read More
Daily Gold & Silver Market Report – 4/26/2016
METALS MOVING UP AHEAD OF FED, BOJ POLICY MEETINGS Gold and Silver prices are experiencing a bump during Tuesday morning trading hours, as U.S. economic data showed weaker-than-expected durable goods data, causing the dollar to decline. Alvin Tan, a currency strategist at Société Générale, said, “We haven’t seen a big revival in [corporate investment]... Read More
Daily Gold & Silver Market Report – 4/22/2016
GOLD DOWN SLIGHTLY AS DOLLAR GAINS ON YEN Spot Gold is down Friday as the U.S. dollar gains ground against the yen. In Q1, Gold posted its best quarter in nearly 30 years on expectations the Federal Reserve would not raise interest rates this year due to volatile markets and concerns over the Chinese economy. The dollar is up one percent against the yen. Gold was down 0.1 percent at $1,247.05 per ounce after hitting a fiv... Read More
Daily Gold & Silver Market Report – 4/20/2016
SILVER SLIPS FROM 11 MONTH HIGH AS DOLLAR BOUNCES Silver and Gold fell from recent highs as the euro jumped 1 percent against the dollar. Gold was able to gain 0.7 percent however is still down from its peak of $1,270.10. Silver retreated from its peak of $17.70, its highest point in 11 months, yet is on track for its largest gain since January 2015 after breaking through key chart resistance. " Read More
Daily Gold & Silver Market Report – 4/18/2016
METALS GAIN AFTER DISAPPOINTING OIL PRODUCERS MEETING Precious Metal prices steadied and are trading relatively flat during Monday afternoon trading hours. Many investors expected a Sunday meeting of top oil producers to result in an agreement to freeze crude oil output production. However, that agreement did not take p... Read More
Daily Gold & Silver Market Report – 4/15/2016
GOLD STRENGTH DIMMED BY STRONGER DOLLAR, OIL PRODUCTION MEETING Gold spot is up Friday, holding near $1,230 per ounce, but is on track for a slight weekly loss on a strengthened dollar. Currency trading impacted the dollar but the Gold price was more affected by market conditions and a looming oil production meeting. If upcoming data from April’s New York manufacturing report is positive, Gold may drop, but at a slower pace. “ Read More
Daily Gold & Silver Market Report – 4/14/2016
GOLD RETREATS AS DOLLAR GAINS; WALL ST. FLAT AFTER BANK EARNINGS, ECONOMIC DATA The U.S. dollar rallied Thursday to its largest gain in the past month on continued uncertainty of the U.S. monetary policy. After having its best quarterly growth in the past 30 years, Gold prices slipped as expectations of the Federal Reserve raising rates multiple times this year paused. "Trad... Read More
Daily Gold & Silver Market Report – 4/13/2016
GOLD’S NEXT MOVE; BIG BANK STRATEGIES FOR BANKRUPTCY EXPOSED Gold is slightly down Wednesday on a strengthened U.S. dollar along with a better-than-expected reading on Chinese exports supporting global stocks. “Gold looked great driving up toward $1,264 [per ounce], but its failure there and retreat back toward $1,254 looks ominous, as it appears to ... Read More
Daily Gold & Silver Market Report – 4/11/2016
METALS CONTINUE RISE AS GLOBAL MARKETS STRUGGLE Precious Metal prices are off to a strong start this week, gaining rapidly during Monday morning trading hours. After seeing steady growth to start the year due to a slowing global economy and central banks still figuring things out, Gold reached its highest point since mid-March and many analysts think the metal will break the $1,300 per ounce mark sooner than later. Commerzbank analyst Daniel Briesemann said, “ Read More
Daily Gold & Silver Market Report – 4/8/2016
NOT A BUBBLE ECONOMY, RATE HIKES WILL GRADUALLY CONTINUE The U.S. economy is on track for further interest rate hikes. Federal Reserve Chair Janet Yellen said, that the U.S. labor market was close to full strength. "The U.S. economy has continued to progress in a satisfactory way. We continue to see good job performance, some evidence of inflation moving up, so that was our expectation when we raised rates in December," Read More
Daily Gold & Silver Market Report – 4/7/2016
GOLD GAINS AS FED REMAINS CAUTIOUS; WALL STREET SLIPS ON GLOBAL CONCERNS Policymakers maintained a cautious course regarding increasing interest rates, according to minutes from the Federal Reserve’s March meeting. Gold was able to gain two percent Thursday as global shares dropped and the U.S. dollar hit a new low against the Japanese yen, which led investors to seek safe-haven assets. The Precious Metal rallied 16 percent in March yet gave up overall gains ... Read More
Daily Gold & Silver Market Report – 4/6/2016
FED MINUTES RELEASED TODAY; OIL PRICES JUMP Precious Metals are slightly down Wednesday morning ahead of the Federal Reserve’s meeting minutes, released this afternoon. The report is expected to provide insight to how the Fed plans to approach interest rates hikes this year. “As Fed Chair [Janet] Yellen already pointed out in the press conference [following the March rate meeting], they are likely to stress the risks to the global economy and confirm th... Read More
Daily Gold & Silver Market Report – 4/4/2016
METALS LOOKING FOR DIRECTION AS FED MINUTES LOOM Precious Metals are off to a slow start, trading lower since markets opened Monday morning. U.S. economic data released Monday showing better-than-expected labor market numbers provided small pressure on metals and sparked investor appetite for riskier assets. With glob... Read More
Daily Gold & Silver Market Report – 3/31/2016
GOLD HEADS FOR BIGGEST QUARTERLY RISE IN NEARLY 30 YEARS; U.S. JOBS MARKET FIRMING, MANUFACTURING REGAINING FOOTING Expectations of an interest rate increase have eased for now and have helped spot Gold rise 1 percent Thursday as the dollar hit a five month low against the euro. Comments from Fed Chair Janet Yellen on Tuesday that the central bank should proceed cautiously in increasing rates gave Gold another chance to rally. " Read More
Daily Gold & Silver Market Report – 3/30/2016
EUROPE PROJECTED TO INCREASE GOLD HOLDINGS; INTEREST RATES COULD RISE IN JUNE European investors could see an unexpected change as Precious Metals experts forecast heavier Gold demand in Europe with negative interest rates, making it less desirable to deposit money into a bank account. "Although Gold is very much driven by U.S. Federal Reserve (Fed) policy, th... Read More
Daily Gold & Silver Market Report – 3/28/2016
METALS GET BOOST, DOLLAR LOSES GROUND AHEAD OF FED STATEMENT Precious Metals are flat during Monday morning trading hours as investors return from the holiday weekend. Comments due Tuesday from Federal Reserve Chair Janet Yellen will be closely monitored for further indication on timing of possible interest rate hikes.... Read More
Daily Gold & Silver Market Report – 3/24/2016
GOLD ON TRACK FOR BIGGEST LOSS IN FOUR MONTHS; OIL SLIDES ON STRONG DOLLAR The possibility for more interest rate increases from the Federal Reserve in 2016 boosted the dollar and handed Gold its biggest loss since November. Gold dropped 0.6 percent in early Thursday trading, its weakest since February 26. Investors remain on guard as an interest rate increase could come as early as April. "In February there were a lot of concerns about a dovish stance ... Read More
Daily Gold & Silver Market Report – 3/23/2016
GOLD AFFECTED BY CENTRAL BANKER VIEWS; MARKET REACTS TO TERRORISM Gold is trending down Wednesday due to two central bankers sharing their personal opinions on when interest rates might increase, which they both forecast as April. The Federal Reserve released a statement on March 16 stating they will only increase interest rates two times ... Read More
Daily Gold & Silver Market Report – 3/21/2016
METALS FLAT AS OIL CONTINUES STRUGGLE Precious Metal prices are relatively flat during Monday morning trading hours, with Gold seeing a small pullback. Statements released after last week’s Federal Open Market Committee meeting showing a more dovish tone from the Federal Reserve helped push prices higher, but a small increase in the dollar Monday morning is pressuring metals. Read More
Daily Gold & Silver Market Report – 3/17/2016
GOLD CLIMBS ON FED NEWS; S&P 500, DOW UP AS MATERIALS, ENERGY STOCKS GAIN News of the Federal Reserve reducing the number of forecast interest rate increases this year has Gold up 2.5 percent Thursday. The Fed is now expected to raise rates two more times this year, which is half the number previously expected. "There has been a general tendency for Gold to react in a Pavlovian manner to every announcement from the Federal Reserve, with the price firming o... Read More
Daily Gold & Silver Market Report – 3/16/2016
FED’S STATEMENT BOOSTS PRECIOUS METALS Gold’s performance in 2016 has been astonishing, climbing close to 16 percent already for the year. The yellow metal received additional support Wednesday after the Federal Reserve stated interest rates would remain unchanged. The decision comes from global financial concerns and how each could impact the U.S. economy. “ Read More
Daily Gold & Silver Market Report–3/14/2016
METALS LOOK FOR DIRECTION AHEAD OF FED MEETING Precious Metal prices are slowly rebounding Monday after Gold saw a small pullback Friday. With Gold recently hitting a 13-month high, investors will closely watch this week’s U.S. and Japanese central bank meetings. Afshin Nabavi, head of trading at MKS, said, “It's going to be rather cautious unti... Read More
Daily Gold & Silver Market Report–3/11/2016
GOLD CONTINUES 2016 RALLY Spot Gold is up nearly 20 percent so far in 2016. The yellow metal is always a safe haven in a volatile equities market and it recently received a boost from the European Central Bank cutting interest rates. This has some investors thinking it is a good time to buy. "The trend is up, the trend has been up for the last several months and I continue to think that as long as the monetary authorities are going to remain as expansionary as they are [... Read More
Daily Gold & Silver Market Report–3/10/2016
METALS REBOUND AS ECB ANNOUNCES NEW ROUND OF QE Precious Metal prices are gaining Thursday after experiencing a small pullback recently. The European Central Bank cut benchmark interest rates and announced it will go through another round of quantitative easing, which provided a boost to Gold prices. As investors prepare for next we... Read More
Daily Gold & Silver Market Report–3/9/2016
GOLD FALLS, STOCKS RISE ON ECB EASING; OIL RECOVERY DRIVES WALL STREET RALLY The European Central Bank meets Thursday but expectations of continued monetary easing has softened the euro while equities rose 1 percent. Gold managed to hit a 12-month high yet is being held down by a rising dollar. The dollar benefits from the euro being down and a rising stock market, while Gold is pressured by rising interest rates. "If the [European] bank does meet market expec... Read More
Daily Gold & Silver Market Report–3/8/2016
WORLD STOCKS STRUGGLE, GOLD BENEFITS ON WEAK CHINESE DATA Gold prices continue their recent trend up, moving toward 13-month highs during morning trading hours Tuesday. As investor concern over a slowing global economy is rekindled, a decline in the U.S. dollar along with slumping European shares and disappointing trade data out of China boo... Read More
Daily Gold & Silver Market Report–3/4/2016
GOLD STEADIED AFTER YEAR HIGHS Spot Gold steadied Friday after hitting highs not seen in more than a year due to the softer U.S. dollar. The yellow metal has risen nearly 20 percent in 2016 on economic concerns, boosting Gold’s safe-haven appeal. Gold was up 1 percent to $1,264.96 an ounce, well off its high of $1,274.70 per ounce, not seen since February 2015. Oil and stock fluctuation... Read More
Daily Gold & Silver Market Report–3/3/2016
GOLD CLIMBS AS EQUITIES RETREAT; WALL STREET OPENS LOWER AS OIL PRICES SLIP Gold was able to climb above $1,250 per ounce Thursday as the strength of the U.S. dollar and equity markets slowed. Investors await Friday’s release of U.S. payrolls data, expecting a strong report to renew expectations of an interest rate increase by the Federal Reserve. Continued fears over the global economy have helped Gold rise 16 percent this year. Saxo Bank head of commodities resea... Read More
Daily Gold & Silver Market Report–3/2/2016
FALLING STOCKS, OIL SUPPORT BULLION On Wednesday, Precious Metals prices continued to climb as the U.S. stock market quickly lost Tuesday’s upbeat momentum on lower oil prices. Joel Kruger, FX strategist for London-based LMAX Exchange, shared his thoughts with MarketWatch regarding current U.S. economic conditions and how the U.S... Read More
Daily Gold & Silver Market Report–2/29/2016
GOLD CONTINUES RISE TOWARD BEST MONTH IN FOUR YEARS Gold and other Precious Metals prices are following recent trends and gaining through Monday. February has been big for Gold as prices have increased almost 10 percent, the metal’s biggest monthly gain since January 2012. Demand for metals has increased recently on investor concern over the prospect of cen... Read More
Daily Gold & Silver Market Report–2/26/2016
GOLD DOWN, STILL ON BEST RUN SINCE 2011 Gold spot is slightly higher Friday, gaining 0.3 percent to $1,237.30 per ounce, even though there was a rebound in the stock market. Gold and Silver are still considered safe-haven investments. With the current economic situation, the market will have the opportunity to grow further. Uncertainty about the Federal Reserve’s current interest rate s... Read More
Daily Gold & Silver Market Report–2/25/2016
GOLD UP ON BULLION BUYS; STRONG U.S. DURABLE GOODS OFFER HOPE FOR MANUFACTURING Gold has risen 16 percent this year, returning to its safe-haven appeal for investors concerned over market volatility. The Precious Metal hit a 12-month high at $1,260.60 per ounce in February. Analysts say more investors will draw into Gold if the metal can stay in the $1,250 price range. "The technical picture seems a bit changed and at the same time we don't expect rate hikes f... Read More
Daily Gold & Silver Market Report–2/24/2016
GOLD TOP PERFORMER IN 2016; U.S. STOCK MARKET SUFFERS Gold has been the best performing commodity so far in 2016, increasing by 16 percent as crude oil fell 17 percent and global equities dropped 8 percent. An optimistic Gold forecast has been presented by Oversea-Chinese Banking Corporation (OCBC) economist Barnabas Gan, who believes the yellow metal could reach $1,400 per ounce in 2016 if global economic conditions persist. “ Read More
Daily Gold & Silver Market Report–2/22/2016
METALS PRESSURED AS DOLLAR SHOWS STRENGTH Precious Metal prices are on the move Monday morning, giving back some of their recent gains. Recent global market struggles, oil continuing to slump and concern over U.S. interest rates have strengthened the demand for Gold while pressuring the U.S. dollar. Although the dollar has struggled recen... Read More
Daily Gold & Silver Market Report–2/19/2016
GOLD STEADY AS STOCK MARKET LOWERS; OIL SET FOR WEEKLY INCREASE Spot Gold was steady at $1,231.51 an ounce Friday morning, little changed from $1,231.95 late Thursday. The metal remained steady on expectations that low interest rates will persist. Turmoil in the market has investors thinking the Federal Reserve will not hike interest rates further this year. Gold overall is nearly 16 ... Read More
Daily Gold & Silver Market Report–2/18/2016
GOLD EASES AS EQUITIES, DOLLAR STRENGTHEN; U.S. JOBLESS CLAIMS FALL Gold prices have slowed Thursday morning as equities experience a rally, though continued U.S. economic worries have kept the metal above the $1,200 per ounce mark. Dramatic losses in oil helped Gold hit a 12-month high last week to $1,260.60 per ounce. "$1,260 was too high an increase in a short period of time. Gold was overbought," LBBW analyst Thorsten Proettel said. "What we've n... Read More
Daily Gold & Silver Market Report–2/17/2016
GOLD BOUNCES BACK ON FED MINUTES RELEASE; NEW STRATEGY TO BOOST OIL PRICES Gold rebounded Wednesday after three days of losses, rising ahead of the Federal Reserve’s January policy meeting minutes, due today. The market anticipates no announcement of future plans to increase interest rates, which indicates the U.S. economy isn’t in the best condition, as stated last December. " Read More
Daily Gold & Silver Market Report–2/15/2016
METALS DOWN AS INVESTOR RISK APPETITE RETURNS Precious Metal prices are off to a rough start Monday and are down across the board as investors return from the weekend. After reaching a one-year high last week, Gold prices have taken a hit as the dollar, euro and yen all saw small rallies. This is prompting some investors to take advantage of the recent metals selloff while craving riskier assets. Although metals are down, some analysts believe Gold is still set for an... Read More
Daily Gold & Silver Market Report–2/11/2016
GOLD SURGES TO ONE YEAR HIGH ON FINANCIAL UNCERTAINTY; U.S. JOBLESS CLAIMS FALL BACK A wave of financial instability and a weak dollar has investors returning to Gold as a safe haven. The yellow metal was able to gain 4 percent, its highest peak in the last 12 months. U.S. Federal Reserve Chair Janet Yellen had a cautious tone while speaking before the House of Representatives on Wednesday morning and acknowledged a weakened economy is tightening the financia... Read More
Daily Gold & Silver Market Report–2/10/2016
INVESTORS HEAD TOWARD HARD ASSETS; FED RECOGNIZES ECONOMY’S POSITION Gold’s performance so far through 2016 has been outstanding. The yellow metal has outperformed other major assets, seeing an increase of 12 percent in the past six weeks. "If you're worried about your equity portfolio going lower, you buy Gold as a hedge. If you did that Janu... Read More
Daily Gold & Silver Market Report – 2/8/2016
METALS UP AS WALL ST, GLOBAL STOCKS CONTINUE STRUGGLE Precious Metal prices are gaining momentum and rapidly increasing during Monday morning trading hours. After seeing its biggest weekly gain last week since August 2015, Gold is poised to continue its run on investor concern over slowing global economic growth.&#... Read More
Daily Gold & Silver Market Report – 2/5/2016
WEAK JOBS REPORT STRENGTHENS GOLD Spot Gold hit a three-month high Friday morning, touching $1,158.80 per ounce, its highest since Oct. 29. Investors await the U.S. non-farm payrolls report for clues to the U.S. economy and if the Federal Reserve could raise interest rates, which would pressure the dollar. "The assessment of Fed policy has changed quite dramatically," Q... Read More
Daily Gold & Silver Market Report – 2/4/2016
GOLD HITS THREE-MONTH PEAK; U.S. RATE OUTLOOK KEEP OIL STRONG Gold climbed to a three-month high Thursday on comments from New York Federal Reserve Chair William Dudley concerning the tightening of the U.S. economy, as he stated the weakening global outlook and tightened financial conditions could have “significant consequences.” Weak U.S. services sector data along with Dudley’s comments diminished any expectation of the Federal Reserve raising interest rate... Read More
Daily Gold & Silver Market Report – 2/3/2016
GOLD REACHING NEW HIGHS; FED STRATEGIES QUESTIONED Gold is sitting right below a three-month high Wednesday as investors are moving toward safe-haven assets following the U.S. dollar and European shares edging lower. "We are now hitting up against the 200-day moving average of $1,130 [per ounce]. A close above that level could help. We are... Read More
Daily Gold & Silver Market Report – 2/2/2016
GOLD SET TO GAIN AS OIL, MARKETS CONTINUE DECLINE Gold and Silver prices are relatively flat after Gold reached a three-month high Tuesday. Many analysts assumed the Federal Reserve would continue to raise benchmark interest rates in 2016. However, with global economic growth concerns at the front of investors’ minds and oil and energy continuing to struggle, Gold’s safe-haven appeal is back. Julius Baer analyst Carsten Menke said, “ Read More
Daily Gold & Silver Market Report–1/29/2016
GOLD DOWN, SHOWS POSSIBILITY FOR BIGGEST GAIN Spot Gold is down slightly Friday on strength of the dollar but has risen nearly 5 percent in January, keeping it on track for its biggest monthly gain in a year. Concerns over China’s growth and the pace of U.S. interest rates hikes are contributing factors. A March rate hike was looking "extremely unlikely," CMC Markets Chief Market Strategist Michael McCarthy said. Read More
Daily Gold & Silver Market Report–1/28/2016
GOLD RETREATS AS WALL STREET RISES; OIL SOARS ON PRODUCTION CUTS Gold backed off its recent high Thursday, falling 1 percent on a rally in oil prices and U.S. stocks opening higher. Gold had been at a 12-week high as the Federal Reserve kept interest rates unchanged, saying it is “closely monitoring” the global economy. "(Gold) did jump very much higher overnight,... Read More
Daily Gold & Silver Market Report–1/27/2016
GOLD BENEFITS FROM WEAK MARKET; FED STATEMENT RELEASED So far in 2016, Gold has been supported by a weak stock market, after the metal fell 10 percent in 2015. "A potential further decline in equities and market uncertainty about global growth is a good environment for Gold because investors want something defensive,&quo... Read More
Daily Gold & Silver Market Report – 1/25/2016
METALS GAIN AS INVESTORS PREPARE FOR FED MEETING Precious Metal prices are gaining Monday morning as investors return from the weekend. The dollar is down slightly, boosting metals two days before the next Federal Open Market Committee meeting. Many analysts are concerned about the pace at which the Federal Reserve will continue ... Read More
Daily Gold & Silver Market Report – 1/21/2016
GOLD RETREATS AS EQUITIES RECOVER; U.S. JOBLESS CLAIMS RISE A rebound in European equities has diminished some risk and has Gold down from a two-week high. European shares gained even as Asian volatility has shaken global markets. Gold has been at a two-month high as a glut of oil brought oil prices dramatically down and fears of a global slowdown abound. "You're not seeing so much safe haven bidding, although that is probably supporting the market," Soci... Read More
Daily Gold & Silver Market Report – 1/20/2016
GOLD REBOUNDS ON STUMBLING OIL PRICES, U.S. STOCK MARKET Gold hovered over the $1,100 per ounce threshold Wednesday morning on rising concerns over China’s economic growth after the International Monetary Fund cut the country’s global growth forecast three times in less than a year. "Gold's safe-haven rationale is back in vogue," Citigroup analysts ... Read More
Daily Gold & Silver Market Report–1/14/2016
GOLD FALLS AS WALL STREET OPENS HIGHER; U.S. JOBLESS CLAIMS RISE Gold’s safe-haven appeal weakened as Wall Street opened higher Thursday as oil prices rebounded from 12-year lows. Gold had been at a two-month high on recent Chinese stock volatility as investors took to Gold to reduce risks. "Overall we are seeing a reversal of some of the renewed anxiety that crept into the market yesterday," said Saxo Bank's head of commodity strategy, Ole Hansen. "... Read More
Daily Gold & Silver Market Report–1/13/2016
GOLD STILL SAFE-HAVEN ASSET; OUTLOOK FOR OIL GLOOMY Gold moved up Wednesday morning attempting to erase the past three days of losses due to a stronger U.S. dollar. “Gold remains a destination for ‘safe money’ during the flare ups of volatility and further weakness in global equities could fuel a continuation of the recent rally into the mi... Read More
Daily Gold & Silver Market Report–1/11/2016
INVESTORS ON EDGE AS OIL STAYS AROUND 12-YEAR LOW Gold and Silver prices are relatively flat during Monday morning trading hours as investors return from the weekend. Although the U.S. dollar saw a small rebound against other major currencies, growing geopolitical tensions in the Middle East and concern over China’s continued economic struggles have... Read More
Daily Gold & Silver Market Report–1/8/2016
GOLD DOWN AS STOCKS REBOUND Gold spot is down Friday after a nine-week high as the stock market rebounded. The prospect of rising interest rates in the United States was a key factor pushing Gold down more than 10 percent in 2015. European stocks climbed as Chinese policy boosted the yuan. Spot Gold peaked early Friday at $1,112 per ounce but quickly pared gains and dropped 1 percent to $1,097.30. "Concerns over China, and possibly the Middle East,... Read More
Daily Gold & Silver Market Report–1/7/2016
GOLD HITS NINE-WEEK HIGH ON CHINA WORRIES; WALL STREET SHAKEN ON CHINA, OIL Concerns over the Chinese economy helped Gold break $1,100 per ounce to reach a nine-week high. Investors scrambled money into safer assets as stocks took a hit after the Chinese yuan fell 7 percent. Gold is viewed as a safe haven and often looked to when global stocks appear unstable. "Gold's strength is probably going to be relatively short term, but there is an upside risk to Gold, ... Read More
Daily Gold & Silver Market Report–1/6/2016
GOLD UP ON GLOBAL ECONOMIC UNCERTAINTIES; THE FED’S NEXT MOVE Gold reached a four-week high Wednesday as fears rise over global economic conditions and geopolitical concerns. Gold hit a high in December at $1,088.70 per ounce and was able to rebound twice from the $1,045 price range; therefore analysts believe if Gold stays above $1,088 it has possibly bottomed out for now. "As we go higher, we could see some of that physical demand beginning to slow. Read More
Daily Gold & Silver Market Report – 1/4/2016
GOLD RISES AS WORLD WORRIES ABOUT GLOBAL ECONOMY Gold and Silver prices are gaining during Monday morning hours moving toward their highest point in nearly two weeks. Metals are receiving support from safe haven demand as China’s continued struggles have investors again concerned about a global economic slowdown. This news, coupled with rising ... Read More
Daily Gold & Silver Market Report – 12/30/2015
GOLD’S PERFORMANCE IN 2015; PESSIMISTIC VIEWS ON FED’S RATE HIKE As the year comes to an end, it’s time to reflect on how Precious Metals prices have fluctuated through the many ups and downs the market encountered this year. Gold appears to be heading towards its third consecutive annual loss, which can be attributed to a few reasons. In 2014, the focus was on the Federal Reserve cutting back its quantitative easing measures at each policy meeting, which pressured Pr... Read More
Daily Gold & Silver Market Report – 12/23/2015
GOLD STABILIZES AHEAD OF HOLIDAY; OIL’S RECENT, ANNUAL PERFORMANCE UNFOLDED Precious Metals prices remain steady ahead of markets closing early Thursday for the Christmas Eve holiday. Wednesday morning will see the personal income and spending and durable goods report, as well as the new home sales and consumer sentiment report. Depending on what is conveyed in these reports, it could support either Precious Metals or the U.S. dollar. " Read More
Daily Gold & Silver Market Report – 12/21/2015
METALS UP AS INVESTORS DIGEST INTEREST RATE HIKE After losing some ground following last week’s move by the Federal Reserve to increase interest rates for the first time in nearly a decade, Precious Metal prices are on the rise during Monday morning trading. Although the announcement was seen as a positive for the greenback, uncertainty on the pace of future increases has we... Read More
Daily Gold & Silver Market Report – 12/18/2015
DOLLAR RECOVERS FROM FED INTEREST RATE HIKE The Federal Reserve increased interest rates for the first time in nearly a decade, sparking a surge in the dollar and global stocks. After bottoming out Thursday at $1,047.25 an ounce, within a few dollars of a six-year low reached on Dec. 3, Gold was up 0.49 percent Friday at $1,056.56 an ounce. The possibility of the rate increase had investors on the fence this year. Now the focus will turn toward the pace of further increases, making... Read More
Daily Gold & Silver Market Report – 12/16/2015
GOLD DROPS AFTER FED RATE HIKE; GLOBAL STOCKS, DOLLAR RISE The U.S. dollar surged while Gold fell one percent following the Federal Reserve raising interest rates Wednesday. Policymakers left the door open for more increases in 2016 but also stated they may take a gradual approach. Gold rallied Wednesday before the Fed announcement but had been down almost 10 percent overall this year. " Read More
Daily Gold & Silver Market Report – 12/16/2015
FED’S DECISION TO INCREASE RATES EXPECTED TODAY Gold and Silver both rose Wednesday morning ahead of the Federal Reserve’s announcement on whether they plan to hike interest rates for the first time in nearly a decade. The market expects a proposal to increase rates slowly over time, which is supporting Precious Metal prices. Gold has made a comeback after nearly reaching a six-year low earlier this month due to the U.S. dollar fluctuating and global financial concerns... Read More
Daily Gold & Silver Market Report – 12/14/2015
INVESTORS KEEP WATCHFUL EYE PREPARING FOR FOMC MEETING Precious Metal prices are relatively flat during Monday morning trading hours as investors prepare for news out of this week’s Federal Open Market Committee meeting. The Federal Reserve has flirted with raising interest rates for the first time in nearly a decade and many expect an announcement once their final meeting for the year concludes Wednesday. Although an interest rate hike would likely pressure meta... 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.
