Precious Metals Market Reports
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
Daily Gold & Silver Market Report – 12/11/2015
GOLD, OIL DOWN PREPARING FOR FEDERAL RESERVE MEETING Spot Gold fell 0.7 percent to $1,064.11 an ounce Friday morning after closing flat the last two sessions. The metal was on track for a two percent decline for the week and a seventh weekly drop. Investors are prepared for the Federal Reserve to announce the first interest rate hike in nearly a decade at their next policy meeting, set for Dec. 15-16. "What we are likely to see in the next three months is the discussion ... Read More
Daily Gold & Silver Market Report – 12/10/2015
DOLLAR REBOUND POSES RISK TO GOLD; U.S. JOBLESS CLAIMS AT 5-MONTH HIGH The U.S. dollar rebounded Thursday on expectations of the first interest rate increase in a decade at next week’s Federal Reserve meeting. Gold has lost 9 percent in value this year and higher interest rates could weigh on demand for the non-interest-paying metal. Another bearish factor for Gold is current weakness in oil, as Gold is often used as a hedge against oil-led inflation. "G... Read More
Daily Gold & Silver Market Report – 12/9/2015
SOFT DOLLAR SUPPORTS METALS; POTENTIAL U.S. RECESSION FORECAST Gold continued rising Wednesday with a weaker U.S. dollar and European stocks. This is the second consecutive day for the dollar to fall against other major currencies after reaching a 12 1/2-year high last week. The market anticipates a rate hike at next week’s Federal Reserve policy meeting, bu... Read More
Daily Gold & Silver Market Report – 12/7/2015
METALS LOSE GROUND AS OIL CONTINUES SLUMP Gold and other Precious Metal prices are on the decline during Monday morning trading hours, with Gold retreating from a recent three-week high. Prices unexpectedly increased Friday following what many viewed as positive jobs data. Historically, positive jobs data weighs on metals ... Read More
Daily Gold & Silver Market Report – 12/4/2015
GOLD UP DESPITE DOLLAR REBOUND Gold rallied Friday morning, following a strong U.S. non-farm payrolls report, and is set to end a six-week losing streak. Investors are focused on the jobs report, which showed 211,000 jobs added in November, but also await the Dec. 15-16 Federal Reserve meeting where the first rate increase in nearly a decade could be announced. Janet Yellen said on Thursday the U.S. is "close to the point at which we should be raising" rates. “The [Europe... Read More
Daily Gold & Silver Market Report – 12/3/2015
GOLD REBOUNDS FROM 2010 LOWS, WALL STREET LOWER AFTER ECB ACTIONS The European Central Bank announced a minimum cut in its deposit rates Thursday but left the main refinancing rate, which sets the cost of borrowing for banks, unchanged. Investors expected the ECB to make the cut, however it was smaller than predicted. Gold rebounded from near a six-year low on the news. Federal Reserve Chair Janet Yellen has strengthening expectations of a December interest rate in... Read More
Daily Gold & Silver Market Report – 12/2/2015
GOLD PRESSURED BY ECB POLICY MEETING;FED MEETS NEXT WEEK Gold fell back Wednesday as the dollar rose ahead of Thursday’s European Central Bank policy meeting, when the market anticipates additional stimulus to be announced. Gold hit a six-year low last week on growing speculation the Federal Reserve will finally increase interest rates this month as they have proclaimed all year. " Read More
Daily Gold & Silver Market Report – 11/23/2015
METALS SLIGHTLY LOWER AS DOLLAR GAINS Precious Metal prices are on the decline Monday morning as Gold drops back toward its newly reached six-year low. A robust U.S. dollar and strong speculation that interest rates will see their first increase in December have pressured metals for the last month. Gold reached its lowest mark since February 2010 l... Read More
Daily Gold & Silver Market Report – 11/20/2015
GOLD REBOUNDS SLIGHTLY AS RATE INCREASE FEARS EASE Gold spot is up Friday morning after falling to a six-week low. The rally started Thursday on expectations the Federal Reserve will slowly raise the interest rates. Gold spot saw its lowest point since February 2010 on Thursday, hitting $1,064.95 per ounce. Friday, spot Gold was up 0.14 percent at $1,083.61 an ounce and is set to end the week little changed overall. Interest rate fear has increased since the strong U.S. jobs data e... Read More
Daily Gold & Silver Market Report – 11/19/2015
GOLD RISES AS DOLLAR DIPS; U.S. JOBLESS CLAIMS FALL The dollar dipped lower Thursday against a basket of currencies, which helped Gold edge off a six-year low Wednesday as it hit $1,064.85 per ounce. Policymakers continue to point to December as the target to raise interest rates. Analysts think it will take far more than a rate increase to drive the dollar higher. While the Fed has pointed to next month as the liftoff point for rates, they have also signaled it wi... Read More
Daily Gold & Silver Market Report – 11/18/2015
INVESTORS ALERT AHEAD OF FED MINUTE RELEASE Precious Metals across the board have recently fallen over concerns the Federal Reserve will increase interest rates in December for the first time in nearly a decade. The market is awaiting minutes from the latest Fed meeting, which might provide some direction as to future plans. Due to the pressure on Precious Metals this year, Gold is at a five-year low, Silver is at a 2 1/2-month low and Platinum is just above a se... Read More
Daily Gold & Silver Market Report – 11/13/2015
INCREASED LIKELIHOOD OF RATE INCREASE KEEPS GOLD DOWN Gold is on track for its fourth straight week of loss as investors are leaning toward an interest rate hike this December. U.S. Federal Reserve officials are lined up behind the December rate increase because the risks of delaying an increase are now roughly even with the risks of increasing rates too soon. Spot Go... Read More
Daily Gold & Silver Market Report – 11/12/2015
GOLD NEARS 6-YEAR LOW ON FED PRESSURE; IMF SAYS FED SHOULD WAIT Heightened expectations of an interest rate increase by the Federal Reserve have Gold nearing a six-year low. Continued positive economic reports have boosted expectations of the Fed raising rates this year. "The Fed has been driving the bulk of the move down from around $1,200 [per ounce] to below $1,100," Standard Chartered analyst Paul Horsnall said. "But ultimately, Read More
Daily Gold & Silver Market Report – 11/11/2015
LIKELINESS OF FED HIKING RATES IN DECEMBER RISES Last Friday’s strong non-farm payroll stunned the market and pressured Precious Metals. Now, analysts suggest the Federal Reserve will increase interest rates for the first time in nearly a decade before the end of 2015. "If there [is] a December rate hike, the next question is what's the path... Read More
Daily Gold & Silver Market Report – 11/10/2015
METALS CONTINUE DECLINE ON FED SPECULATION Precious Metal prices are on the decline Tuesday morning as the U.S. dollar approaches a seven-month high. Speculation that the U.S. Federal Reserve will finally begin raising interest rates in December for the first time in nearly a decade has bolstered demand for the dollar while adding pressure to metals. Although the hike is expected to Read More
Daily Gold & Silver Market Report – 11/6/2015
JOBS REPORT DROPS GOLD, BOOSTS DOLLAR Both Gold spot and Gold futures fell 1 percent Friday after the Bureau of Labor Statistics reported nonfarm payrolls grew 271,000 for October, a sharp jump from August and September numbers. A Federal Reserve interest rate increase is a possibility, if justified by economic data coming out today. "The technical picture has weakened this week after the Fed officials' comments, and prices are struggling above the $1,100 [per ounce] area. Tod... Read More
Daily Gold & Silver Market Report – 11/5/2015
GOLD DOWN AS DECEMBER RATE RISE STILL ON TABLE; U.S. JOBLESS CLAIMS RISE The U.S. dollar gained strength Thursday on comments from the Federal Reserve that a December interest rate increase was still on the table, prompting Gold to slip to $1,105.15 per ounce, its lowest point since October 2. Federal Reserve Chair Janet Yellen stated a December rate hike is a “live possibility,” though the Fed is awaiting the release of more economic data. An increase in returns o... Read More
Daily Gold & Silver Market Report – 11/4/2015
GOLD PRESSURED BY POTENTIAL RATE HIKE; FED EYEING JOB GROWTH REPORTS Gold is attempting to recover from Tuesday’s losses after the dollar strengthened on speculation the Federal Reserve may increase interest rates in 2015. "The main driver behind the down move is that more market participants now believe that the Fed will begin... Read More
Daily Gold & Silver Market Report – 11/2/2015
METALS LOSE GROUND AS RATE HIKE LOOMS Precious Metal prices are on the decline Monday morning as Gold hit a four-week low. Although the U.S. dollar is on the downturn and Gold has seen a recent rally, a hawkish tone by the U.S. Federal Reserve after last week has fueled speculation that an interest rate increase is still o... Read More
Daily Gold & Silver Market Report – 10/30/2015
GOLD STEADIES, STILL AT 3 WEEK LOW The dollar retreated Friday, causing spot Gold to steady at a three-week low after the U.S. Federal Reserve indicated it may raise interest rates in December. Spot Gold was at $1,145.55 an ounce Friday morning after slipping to $1,144.01 per ounce, its lowest since Oct. 9. "The market was clearly anticipating kicking rate rises into the long grass, and of course Read More
Daily Gold & Silver Market Report – 10/29/2015
GOLD NEAR TWO-WEEK LOW ON RATE HIKE TALK; WALL STREET LOWER ON WEAK GDP Gold is at a two-week low on hawkish notes from the Federal Reserve that a December rate hike is not out of the question. The central bank stated they will have to watch November economic data to gauge the timing of a possible interest rate increase. "The Fed wording is more positive than it was and Read More
Daily Gold & Silver Market Report – 10/28/2015
GOLD RISES AS FED MEETING ENDS; YELLEN EARNS C+ BY CNBC SURVEY Gold soared over $1,180 an ounce as the dollar fell ahead of Wednesday’s policy statement from the Federal Reserve. The 200-day moving average for the yellow metal is $1,172 an ounce, which is a vital price point that hadn’t been reached since May. The Fed is wrapping up a two-day... Read More
Daily Gold & Silver Market Report – 10/23/2015
FOCUS ON DOLLAR BOOSTS GOLD Spot Gold rose 1 percent to $1,178.26 an ounce after falling as low as $1,162.50 Thursday, its lowest since Oct. 13. Support comes from a softer dollar, which was up slightly over the euro on comments by the European Central Bank. Focus remains on the dollar as markets expect U.S. manufacturing PMI numbers to show a slight dip from September. "That's the first manufacturing PMI for any major economy that we're going to see for October," ICBC St... Read More
Daily Gold & Silver Market Report – 10/22/2015
GOLD NEAR WEEK-LOW ON FIRMER DOLLAR; U.S. JOBLESS CLAIMS POINT TO FIRMING LABOR MARKET Continued uncertainty as to the timing of a Federal Reserve interest rate increase, as well as a stronger dollar, has steadied Gold near its lowest point this week. Investors seeking safety from commodity-linked assets and emerging market currencies boosted the dollar from seven-week lows. Earlier in the year Gold saw 5 1/2-year lows on expectations for a 2015 rate hike, yet now... Read More
Daily Gold & Silver Market Report – 10/21/2015
MARKET FOCUSES ON FEDERAL RESERVE, ECB POLICY MEETINGS Investors hope the Federal Reserve’s last two policy meetings of the year provide hints for their next plan to stimulate the U.S. economy. The Fed meets on October 27-28, with their last 2015 meeting set for December 15-16. The futures market has set pricing with expectations the Fed will not increase interes... Read More
Daily Gold & Silver Market Report – 10/19/2015
GOLD SLIDES; DEBT CEILING AGREEMENT DEADLINE APPROACHING Gold eased Monday after rising 7 percent in October from weak U.S. job data released earlier in the month. "Last week was all dollar-driven," Afshin Nabavi, head of trading at MKS in Switzerland, said. "Stop after stop was triggered. A break of $1,200-1,225 [per o... Read More
Daily Gold & Silver Market Report – 10/16/2015
GOLD DOWN, STILL ON TRACK FOR 2 WEEK GAIN Gold fell Friday as the dollar recovered from concerns of the strength of the U.S economy. Thursday’s U.S. inflation data boosted the dollar, but doubt of the Federal Reserve increasing the interest rate this year is keeping the metal on track. Spot Gold was down to $1,181.90 an ounce but is on track to rise 2 percent t... Read More
Daily Gold & Silver Market Report – 10/15/2015
GOLD RETREATS ON U.S. INFLATION DATA; GASOLINE WEIGHS ON CONSUMER PRICES News of a stronger-than-expected U.S. inflation report boosted the dollar over the euro and has Gold retreating. Gold previously rallied 1.4 percent on sluggish economic data, but Thursday’s data showing a steady gain in inflation renewed speculation of a Federal Reserve interest rate increase. "Over the last couple of days Read More
Daily Gold & Silver Market Report – 10/14/2015
GOLD BOUNCES OFF WEAK DOLLAR; RACE TO INCREASE DEBT CEILING BEGINS SOON Gold is benefiting from the Federal Reserve’s decision to back down from increasing interest rates, rallying 9 percent since July. “I think the Fed could be on hold and the Gold market could benefit from that substantially,” TradingAnalysis.com founder Todd Gordon said Tuesday on CNBC's "Trading Nation." Gordon suggests a weaker U.S. dollar would provide Gold the nudge it needs. “It looks like ... Read More
Daily Gold & Silver Market Report – 10/12/2015
METALS CONTINUE RISE AS DOLLAR TESTS RECENT LOWS After seeing price increases last week, Precious Metals are continuing to gain during Monday morning trading hours. Investors are speculating, based on recent economic data, the Federal Reserve will not raise interest rates until next year, which has boosted metals and helped Gold reached its highest level s... Read More
Daily Gold & Silver Market Report – 10/9/2015
GOLD RISES , U.S. DOLLAR LOSES ON FED MINUTES Spot Gold is up one percent Friday morning. The climb was in reaction to the Federal Reserve not being in any hurry to raise the interest rates. Spot Gold was up 1.33 percent at $1,153.71 an ounce. On Thursday, prices had rallied only briefly after the Fed minutes before closing down 0.6 percent despite a softer U.S. dollar. "Gold was choppy following the U.S. FOMC minutes that did not give a clear indication of whether... Read More
Daily Gold & Silver Market Report – 10/8/2015
METALS DIP ON STEADY SHARES, CHINA’S RETURN; WALL STREET AWAITS FED MINUTES China’s return to the market from a four-day holiday and steady European shares have Gold retreating from a two-week high while Silver is down 4 percent. During the Chinese holiday, slower U.S. economic data helped Gold gain $30 per ounce, with Silver rising $1.50. "We'll ... Read More
Daily Gold & Silver Market Report – 10/7/2015
GOLD DIPS ON STRONG DOLLAR; RATE HIKE STILL UNCERTAIN Gold dipped lower in reaction to a stronger U.S. dollar Wednesday, as the Federal Reserve’s decision to possibly postpone raising interest rates remains on investors’ minds. Domestic and global issues have caused concern on whether the U.S. is ready for an interest rate hike. Last week’s non-farm payrolls r... Read More
Daily Gold & Silver Market Report – 10/5/2015
METALS CONTINUE RISE AS U.S. DOLLAR IS PRESSURED After seeing its biggest one-day leap in nine years Friday, Gold continues to rise during Monday morning trading hours. Disappointing jobs data released at the end of last week helped fuel speculation the Federal Reserve will continue to postpone raising interest rates, which has supported metals. Saxo Bank se... Read More
Daily Gold & Silver Market Report – 10/1/2015
GOLD SLIDES AHEAD OF PAYROLLS DATA; CONFLICTING LABOR MARKET, U.S. FACTORIES REPORTS Positive U.S. jobs data propelled further speculation the Federal Reserve will raise interest rates this year, as the strength of the jobs market has been a key factor as to when to increase rates. Investors expect a strong U.S. non-farm payroll report Friday, considering payroll processor ADP reported 200,000 jobs added in September. "This week there has been pressure ahead o... Read More
Daily Gold & Silver Market Report – 9/30/2015
U.S. ECONOMIC DATA PRESSURES METALS The U.S. private sector announced Wednesday it added 200,000 jobs in September. Payroll processor ADP confirmed this announcement, noting the construction industry added 35,000 employees for the month. Additionally, the housing market has seen a remarkable turnaround in the past decade with sales surging in 2015. The Labor Department will issue non-farm payroll figures Friday, which will provide a better idea of how the eco... Read More
Daily Gold & Silver Market Report – 9/28/2015
METALS DOWN AHEAD OF YELLEN, FED STATEMENTS Precious Metal prices have declined during Monday morning trading hours, giving back much of their recent gains. As investors continue to speculate on the timing of a Federal Reserve interest rate hike, the U.S. dollar has moved close to a five-week high, pressuring metals. Investors will keep a... Read More
Daily Gold & Silver Market Report – 9/25/2015
GOLD DOWN AS DOLLAR GETS BOOST Gold fell from its one-month high Friday as Federal Reserve Chair Janet Yellen’s speech sparked a rally that sent the dollar to a five-week high against world currencies. Following the September Fed meeting that kept the interest rate increase on hold, Gold rallied and hit its highest since August 25."In her speech, Yellen said... the Fed w... Read More
Daily Gold & Silver Market Report – 9/24/2015
GOLD, PLATINUM RISE AS DEMAND ON DEMAND WORRIES; WEAK U.S.DATA PUSHES OIL LOWER Cautious investors are moving toward Gold as a safe-haven bid due to worries over the slowing growth in China and U.S. durable goods falling 2 percent last month. Continued concern over possible tightening in U.S. monetary policy has investors awaiting a speech by Federal Reserve Chair Janet Yellen Thursday to provide more clues as to when interest rates will be raised. Fears over the V... Read More
Daily Gold & Silver Market Report – 9/23/2015
LOWER U.S. STOCKS, DOLLAR SUPPORT GOLD; FED PLANS IN QUESTION Gold is slightly up Wednesday following a two-day loss of 1.3 percent. Analysts expect Gold to gain safe-haven support as U.S. stocks and the U.S. dollar both fell this week. “With other markets looking more stressed, Gold may well start to shine again,” Fastmarkets head of research William ... Read More
Daily Gold & Silver Market Report – 9/22/2015
METALS DOWN AS DOLLAR GAINS STRENGTH Precious Metal prices are pulling back during Tuesday morning trading hours and giving back some recent gains. The dollar has been down since last week’s Federal Reserve announcement not to increase interest rates, but renewed speculation on a rate hike taking place this year provided a small rebound. This... Read More
Daily Gold & Silver Market Report – 9/18/2015
GOLD A TWO-WEEK HIGH AS INTEREST RATE STAYS UNCHANGED Gold is at a two-week high Friday morning due to the continued uncertainty of the first U.S. interest rate increase in a decade. The decision by the Federal Reserve to leave the interest rate as is weighed on the U.S. dollar. Gold has benefited in recent years from ultra-low rates, which cut the opportunity cost of holding the non-yielding asset. "The Fed statement had a clear dovish tone and this weighed on the U.S. ... Read More
Daily Gold & Silver Market Report – 9/17/2015
GOLD EASES AS MARKET AWAITS FED DECISION; U.S. JOBLESS CLAIMS LOW After seeing its largest one-day jump, Gold eased Thursday as investors await news from the Federal Reserve’s policy meeting as to whether a rate hike will happen for the first time in a decade. Spot Gold rose 1.3 percent Wednesday in its largest gain since August 20. China’s slowing economic growth and global market volatility has lowered expectations of an increase. "It is a very close call - ... Read More
Daily Gold & Silver Market Report – 9/16/2015
PRECIOUS METAL PRICES JUMP AS FOMC MEETING BEGINS The Federal Reserve begins a two-day policy meeting Wednesday to discuss the economy and possibly increasing interest rates for the first time in almost a decade. The market is uncertain on the direction of the Fed on been growing concerns over global economic stability and unpredictability in financia... Read More
Daily Gold & Silver Market Report – 9/14/2015
METALS LOOK FOR DIRECTION AS INVESTORS PREPARE FOR FED MEETING Precious Metal prices are trading relatively flat during morning trading hours returning from the weekend. The Federal Reserve begins its highly anticipated two-day policy meeting Wednesday, where investors expect clarification on whether the Fed will begin to raise interest rates this... Read More
Daily Gold & Silver Market Report – 9/11/2015
GOLD DOWN FOR THIRD CONSECUTIVE WEEK ON DOLLAR, FED Gold is down Friday due to a firmer dollar and has been further fueled by the uncertainty of the Federal Reserve’s first interest rate hike in nearly a decade. The metal was down two percent for the week, reaching $1,099.05 per ounce Wednesday. "Our house view is that [the Fed] will wait until December,"... Read More
Daily Gold & Silver Market Report – 9/10/2015
FOCUS ON FOMC; WALL STREET FLAT AMID GLOBAL GROWTH CONCERNS Investors remain cautious as they await news from the Federal Open Market Committee (FOMC) meeting Sept. 16-17, which may lend more clues as to the Federal Reserve raising interest rates. Uncertainty on the timing of a rate hike has increased with continued mixed economic data and China’s slowing growth. " Read More
Daily Gold & Silver Market Report – 9/9/2015
NEXT WEEK’S FED MEETING ALREADY MOVING MARKET The Gold price eased Wednesday morning ahead of next week’s Federal Reserve policy meeting, scheduled for September 16- 17. The market anticipates at least a sign from the Fed on whether they’ve decided to increase interest rates and when it might occur. Low interest rates set by the Fed supported Gold in recent years, however the metal has moved down 5 percent this year due to the thought the Fed may hike rates for t... Read More
Daily Gold & Silver Market Report – 9/04/2015
GOLD ON TRACK FOR SECOND STRAIGHT WEEK OF DECLINE Gold is down Friday morning as traders await the U.S. nonfarm payroll report, which would give clues to the timing of the Federal Reserve rate hike. “Gold is already pricing in diminished odds of a September rate hike,” Phillip Futures analyst Howie Lee said. “A strong labor market report will increase the odds of a ra... Read More
Daily Gold & Silver Market Report – 9/03/2015
GOLD SLIPS AFTER ECB COMMENTS; WALL STREET HIGHER ON DATA, ECB COMMENTS Gold fell one percent Thursday following comments the European Central Bank cut its inflation forecasts, citing weak oil prices as well as a slowdown in emerging markets. The news boosted the dollar against the euro. The U.S. jobs report remains in focus to lend more detail to the strength of the labor market and give clues on the timing of an interest rate hike by the Federal Reserve. "On... Read More
Daily Gold & Silver Market Report – 8/31/2015
METALS FLAT AS INVESTORS PREPARE FOR ECONOMIC DATA Precious Metal prices are trading relatively flat during early afternoon trading hours Monday as investors return from the weekend. As concern grows over China’s stock market and speculation as to when the U.S. Federal Reserve will increase interest rates, many investors are eyeing economic data this week fo... Read More
Daily Gold & Silver Market Report – 8/28/2015
GOLD HIGHER, STILL LOOMS LOW ON RATE INCREASE POSSIBILITY The Gold price is slightly up Friday but is still on track for its biggest weekly drop, as U.S. data supports a near-term interest rate increase. Despite the recent turmoil in China, an increase is still expected. “The big question for next week is whether the anxiety that crept into the market on August 10 when China devalued its currency is going to continue,” Saxo Bank senior manager Ole Hansen said... Read More
Daily Gold & Silver Market Report – 8/27/2015
GOLD ARRESTS 3-DAY SLIDE AS TALK OF IMMINENT RATE HIKE FADES Speculation that a U.S. interest rate increase may come later than expected helped steady Gold. After a U.S. policymaker said the case for a September rate hike “seems less compelling” than a few weeks ago, European shares increased 2.6 percent. “The market is very nervous,” MKS Head of Trading Afshin Nabavi said. “ Read More
Daily Gold & Silver Market Report – 8/26/2015
METALS PRESSURED AS MARKETS REBOUND; FED COULD HIKE RATES IN OCTOBER This week, commodity and equity markets were chaotic as traders liquidated Precious Metals to cover losses elsewhere. China’s central bank also cut interest rates, changing the amount of reserves banks will hold. ... Read More
Daily Gold & Silver Marker Report – 8/25/2015
METALS CONTINUE DECLINE AS CHINA CUTS RATES AGAIN Precious Metal prices are on the decline during morning trading hours as investors return to the markets. Stock markets around the world saw a large decline Monday and, in a move to stimulate their economy, on Tuesday, China cut interest rates for the second time in two months. However, even with these develop... Read More
Daily Gold & Silver Marker Report – 8/21/2015
GOLD UP AS RATE INCREASE POSSIBILITY LOSES STEAM Gold is on track for its biggest weekly gain since January, due in part to China’s weakened financial markets. As world stocks end their worst week of the year and the U.S. dollar neared an eight-week low, doubts increased that the Federal Reserve will raise interest rates next month. "Everyone's following the Fed, effectively," Natixis analyst Bernard Dahdah said. " Read More
Daily Gold & Silver Marker Report – 8/19/2015
GOLD RISES AHEAD OF FED MINUTES Precious Metals prices rose Wednesday morning as investors moved out of the dollar ahead of the Federal Reserve policy meeting minutes and U.S. inflation data. The market anticipates signs on when the Fed will increase interest rates. However, some believe it may not happen as quickly as p... Read More
Daily Gold & Silver Market Report – 8/17/2015
PRECIOUS METALS GAINING AS INVESTORS TAKE IN U.S. DATA AND BANGKOK BLAST Precious Metals prices are on the rise during trading hours Monday morning as they continue to build on the rise seen at the end of the prior week. Weaker-than-expected U.S. data along with the devaluation of China’s yuan is weighing on the U.S. dollar whil... Read More
Daily Gold & Silver Market Report – 8/14/2015
GOLD IS UP, ON TRACK TO OVERCOME LOSING STREAK Gold is up Friday. Investors are weighing the impact of China’s currency and the first U.S. interest rate increase in nearly a decade. Gold spot was up 0.3 percent at $1,118.17 an ounce by 1018 GMT, after hitting $1,126.31 Thursday, its highest since July 20. Thursday's drop ended Gold’s five-day rise, its longest rally since May. "The PBOC (People's Bank of China) participating in this devaluation war was seen as positive for Gol... Read More
Daily Gold & Silver Market Report – 8/13/2015
GOLD DIPS ON BOOSTED DOLLAR; INTEREST RATES MAY INCREASE TWICE THIS YEAR Gold is down Thursday on strong U.S. data that boosted the dollar’s strength as concerns eased over China devaluing its currency. While the Chinese yuan was down for a third day, the People’s Bank of China stated there is no need for further depreciation. This news caused European shares to rally. “Today the dollar is (strengthening), and the set of data from the U.S. was quite good, which aga... Read More
Daily Gold & Silver Market Report – 8/12/2015
GOLD’S SAFE HAVEN APPEAL INCREASES; QE4 MAY BE NEAR Gold is up Wednesday morning for the fifth consecutive day on concerns over the recent devaluation of China’s currency. Investor reaction is this may cause a currency war, which would boost Gold’s safe-haven appeal. “The bears have been running the show now for some time and that devaluation ... Read More
Daily Gold & Silver Market Report – 8/10/2015
GOLD, SILVER CONTINUE RISE AS CHINA STRUGGLES After sliding to lows not seen in more than five years, Gold and Silver rebounded during morning trading hours Monday, disappointing those preparing for more losses. Although an expected September interest rate hike from the Federal Reserve and stronger dollar continued providing pressure, disappoin... Read More
Daily Gold & Silver Market Report – 8/7/2015
GOLD EDGED UP ON WEAKENED DOLLAR Gold rose slightly Friday as the dollar slipped, but is still in its longest losing streak since 1999. The metal remains uncertain as the market braces for Friday’s U.S. non-farm data, which will determine the timeframe of the Federal Reserve’s interest rate hike. “It certainly remains a challenging environment for Gold prices to maintain any upward momentum,” Standard Chartered analyst Nicholas Snowdon said. “It comes back to that very simple argu... Read More
Daily Gold & Silver Market Report – 8/6/2015
GOLD NEAR 2010 LOW; JOBLESS CLAIMS UP BUT LABOR MARKET STRONG As the dollar steadied Thursday, investors await U.S. jobs data that may point to the Federal Reserve raising interest rates in September. Gold broke through the technical support level of $1,100 per ounce after seeing its weakest point since February 2010. An interest rate increase could lend streng... Read More
Daily Gold & Silver Market Report – 8/5/2015
GOLD MOVES ON WEAK DOLLAR; FED SHARES THOUGHTS ON RATE HIKE A weaker dollar boosted Gold Wednesday morning after a payrolls processor reported U.S. private employers hired only 185,000 workers in July, which was the lowest since April. Gold neared a 3 1/2 month high as the dollar fell 0.17 percent against other major ... Read More
Daily Gold & Silver Market Report – 8/3/2015
METALS CONTINUE SLIDE AS INVESTORS AWAIT ECONOMIC DATA Precious Metal prices slid Monday morning as the dollar steadied and continued pressuring the metal. As investors continue monitoring the economic environment, many look to Friday’s release of payroll data for more direction. A strong report could bolster speculation the U... Read More
Daily Gold & Silver Market Report – 7/31/2015
DOLLAR STRENGTH KEEPS GOLD AT SIXTH STRAIGHT WEEKLY FALL Gold is at its longest retreat in 16 years as the U.S. dollar is still firm and U.S. data is signaling an interest rate hike in September. July is also Gold’s biggest monthly decline in two years. “Gold is an asset that pays no interest or coupon and the rate hike is certainly putting pressure on prices... Read More
Daily Gold & Silver Market Report – 7/30/2015
GOLD FALLS AS DOLLAR RISES; CONSUMER SPENDING BOLSTERS SECOND QUARTER GROWTH Expectations for the Federal Reserve raising interest rates this year were supported by data released by the U.S. Commerce Department showing gross domestic product grew at a 2.3 percent annual rate in the second quarter. Spot Gold dropped 1.3 percent to a session low of $1,081.85 per ounce. Policymakers said the U.S. economy was “expanding moderately” and overcame the first quarter slowdo... Read More
Daily Gold & Silver Market Report – 7/29/2015
GOLD STABILIZES; FED STATES PLAN TO INCREASE RATES Gold remained stable Wednesday ahead of the Federal Reserve’s two-day policy meeting statement, when the market anticipates clues on plans to hike interest rates. “(Gold) bounced from the low but we are little changed and waiting for the Fed's statement tonight and the second-q... Read More
Daily Gold & Silver Market Report – 7/27/2015
METALS GAIN AS CHINESE STOCKS STRUGGLES Precious Metals are gaining in early morning trading as Gold holds above the recent 5 1/2 year low. The Chinese stock market also experienced its biggest one-day loss since 2007. This news, along with investors continuing to focus on the U.S. interest rate, has continued pressuring metals. Traders ... Read More
Daily Gold & Silver Market Report – 7/24/2015
GOLD AT A 5 ½ YEAR LOW, DOLLAR HOLDS STEADY Gold is at a 5 ½ year low making analyst suspect that it could hit $1000 in a few weeks. "I think we see more of a downtrend particularly over the next couple of months ahead of the market speculation of a September rate hike in the U.S., so I think you can easily see prices over the next two months breaching below $1,000 round level," David Wilson, director of metals research and strategy at Citi, Read More
Daily Gold & Silver Market Report – 7/23/2015
GOLD BOUNCES BACK FROM 5 YEAR LOW; JOBLESS CLAIMS DROP TO 41 YEAR LOW Some investors took advantage of a retreat in the U.S. dollar and bought back into the market Thursday as Gold rose above the $1,100 per ounce mark. Gold posted its biggest one-day loss in the last two years and pushed past key levels. The expectations of the Federal Reserve raising interest rates this year could boost the cost of holding the non-yielding bullion and lend strength to the dollar. ... Read More
Daily Gold & Silver Market Report – 7/22/2015
METALS PRICES PRESSURED, LOOKING FOR SUPPORT Gold’s immense decline this week to a five-year low caught the attention of investors. The metal has been pressured recently due to the Federal Reserve’s plans to increase interest rates this year, which would create a stronger dollar. St. Louis Fed President James Bullard says there is a more than 50 percent chance the Fed will increase rates in September. Market analysts suggest the Gold price could increase after the Fed’s inte... Read More
Daily Gold & Silver Market Report – 7/20/2015
METALS ON DECLINE WITH CHINESE SELL OFF Precious Metal prices are on the decline, with Gold hitting a five-year low, as Chinese consumers offloaded metals overnight. A key contract traded on the Shanghai Gold Exchange contained nearly 3,000,000 lots and has been weighing on metals. In comparison, nearly 27,000 lots were traded Friday when Gold fell more than one pe... Read More
Daily Gold & Silver Market Report – 7/17/2015
DOLLAR UP, GOLD DOWN DESPITE CHINA’S GOLD HOLDINGS The dollar is looking for its biggest weekly rise since May, reinforced by data suggesting the U.S. will see an interest rate increase this year. The dollar is at a seven-week high against other major currencies like the euro. "The focus is turning to the U.S. rate cycle, and (the market reckons) a September rate hike is still, if not p... Read More
Daily Gold & Silver Market Report – 7/16/2015
METALS DOWN AS DOLLAR GAINS ON YELLEN COMMENTS After reaching a four-month low Thursday morning, Gold and other Precious Metals are relatively flat. Comments made Wednesday by Federal Reserve Chairwoman Janet Yellen reemphasized the Federal Reserve will likely raise interest rates this year for the first time in nearly a decade, which pushed the dollar to a six-week high pressured metals. Read More
Daily Gold & Silver Market Report – 7/15/2015
METALS AWAIT MARKET FACTORS; GREECE TRIES TO RESOLVE DEBT ISSUES Gold and Silver are stable Wednesday morning ahead of three key influences expected today. First, Federal Reserve Chair Janet Yellen’s congressional testimony is expected to reveal further news on an interest rate hike. Second, the Greek parliament’s vote on austerity measures will hopefully be the last step in reaching a bailout agreement. “ Read More
Daily Gold & Silver Market Report – 7/14/2015
METALS LOOK FOR DIRECTION AS RETAIL SALES DISAPPOINT Gold and Silver prices are looking for direction and haven’t seen much movement during morning trading hours. With Greece striking a bailout deal and much of the fear of them leaving the eurozone fading, many investors are focusing on the potential U.S. interest rate hike and its effect on the market. Natixi... Read More
Daily Gold & Silver Market Report – 7/13/2015
METALS FLAT AS GREECE STRIKES DEAL Precious Metal prices are flat during morning trading hours. As Greece finally reached an agreement to repay their debt, the euro lost ground against the U.S. dollar. This, along with the notion the Federal Reserve is still on track to raise interest rates this year, has weighed on Gold and Silver, though the specifics of a rate hi... Read More
Daily Gold & Silver Market Report – 7/10/2015
GOLD RISES ON FALLING DOLLAR Gold rose slightly Friday, up 0.2 percent, as the euro gained on the dollar. Greece’s effort to get funding for their debt halted Gold’s four-month low. Prices touched $1,146.75 per ounce Wednesday, their lowest since March 18 when the dollar benefited from weakness in the euro and a drop in Chinese stock markets. "Gold is getting some support from the stronger euro but 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.
