Precious Metals Market Reports
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
Daily Gold & Silver Market Report – 7/9/2015
GOLD CLIMBS FROM 4 MONTH LOW; U.S. JOBLESS CLAIMS RISE TO HIGHEST LEVEL SINCE FEBRUARY Gold rose Thursday as minutes from the most recent Federal Reserve meeting gave a cautionary tone toward an interest rate hike. Mixed economic data both domestically and globally leave the central bank struggling with increasing interest rates. “The Fed is certainly worried about the Chinese markets, and the massive... Read More
Daily Gold & Silver Market Report – 7/8/2015
PRECIOUS METALS REBOUND; U.S. STOCKS UNDERPERFORM Precious Metals prices were pressured Tuesday from the financial collapse of Greece along with the possibility of the country exiting the eurozone. Today, Gold and Silver are attempting to rebound as the U.S. dollar is weak due to European shares rising. The eurozone has given Greece until the end of this week to propose an extensive reform in exchange for loans t... Read More
Daily Gold & Silver Market Report – 7/6/2015
GOLD STALLED ON STRONG DOLLAR FOLLOWING GREEK VOTE Gold’s slight boost was derailed due to a robust dollar following the rejection of a bailout by Greek voters. The yellow metal, usually seen as a haven in trying financial times, could not rally because the dollar gained on the euro. “There isn't the fear of a pan-European crisis, as was the case a few years ago, when you saw a rush to Gold, which was already in a bull market,” M... Read More
Daily Gold & Silver Market Report – 7/2/2015
GOLD RISES FROM 3-1/2 MONTH LOW; U.S. JOB GROWTH SLOWS, LABOR FORCE SHRINKS Gold rebounded from a 3-1/2 month low Thursday ahead of U.S. jobs data that could indicate timing of a Federal Reserve interest rate increase. The ongoing Greek debt crisis weakened the euro, helping the U.S. dollar hit a three week high against a basket of other currencies. “We don't ... Read More
Daily Gold & Silver Market Report – 7/1/2015
GREECE DEFAULTS ON $1.7B LOAN; INVESTORS EYE GOLD AS SAFE HAVEN On Tuesday, Greece became the first developed country to default on a loan from the International Monetary Fund. It’s still unknown if the eurozone will force Greece out of the European Union. At the last minute before defaulting, Greek Prime Minister Alexis Tsipras wrote a letter to the country’s creditors accepting their earlier terms with slight c... Read More
Daily Gold & Silver Market Report - 6/30/2015
GOLD DOWN AS TROUBLE BREWS IN PUERTO RICO Gold and Silver are on the decline this morning as investors continue to take in the financial landscape and monitor Greek debt news. Although Greece is just hours away from a possible default, many believe there will be a last minute deal struck. ABN Amro analyst Georgette Boele said, “There is still confidence that there will be a deal at the last minute, an... Read More
Daily Gold & Silver Market Report - 6/29/2015
PRECIOUS METALS REMAIN FLAT AS GREECE NEGOTIATIONS GO INTO FINAL HOURS Precious Metals prices are trading relatively flat after seeing gains during Monday morning trading hours. As investors continue to keep a watchful eye on Greece’s debt situation, a surprise announcement by Greece’s prime minister, Alexis Tsipras, to close Greek banks for the week has stroked fears of a default and exit from the EU. Whil... Read More
Daily Gold & Silver Market Report - 6/26/2015
FAILED GREECE DEAL BOOSTS GOLD Gold rose from two-week lows Friday as Greece failed to clinch a deal with its creditors. If the two parties reach a deal during their ditch efforts Saturday, Gold could likely see greater losses. "Gold for the moment seems to have found a bit of a floor, and that seems to have given confidence to buyers," Societe Generale analyst Robin Bhar said. "We're all watching Greece. If there is a... Read More
Daily Gold & Silver Market Report - 6/25/2015
GOLD AWAITS NEWS ON GREECE; CONSUMER SPENDING BUOYS ECONOMIC GROWTH Gold steadied as investors await news of Greece’s negotiations with its creditors. Regardless of Greek tensions, the Precious Metal has struggled to break $1,230 per ounce since March, holding in the $1,260 - $1,230 range. The U.S. dollar hit a two-week high against the euro Thursday, adding pressure to Gold. Read More
Daily Gold & Silver Market Report - 6/23/2015
Greece Default on the Horizon Gold dropped Tuesday as the euro slid sharply against the dollar and stock markets rallied on hopes Greece would reach a deal with its creditors to avoid default. This decline comes after Gold experienced its biggest one-day loss in nearly a month Monday. The yellow metal is now vulnerable to pressure from other arenas, such as an interest rate rise from the U.S. Federal Reserve. “There... Read More
Daily Gold & Silver Market Report - 6/22/2015
METALS LOSE GROUND ON GREEK SPECULATION Precious Metal prices declined through Monday morning trading hours as investors return from the weekend. Although prices increased last week following a dovish stance by the Federal Reserve, new proposals from Greece to its creditors and the absence of Chinese markets, closed for public holiday, have pressured metals. ETF Securities analyst Martin Arnold said, “There's always that underlying feeling that a deal will be done ... ... Read More
Daily Gold & Silver Market Report - 6/19/2015
GOLD REACHES THREE WEEK HIGH ON DOVISH FED STATEMENT Precious Metal prices are holding strong Friday with Gold seeing its second consecutive weekly gain. As Federal Reserve policymakers take a more dovish stance than expected regarding the progress seen in the economy, Gold reached a three week high as the dollar declined. ActivTrades chief analyst Carlo Alberto de Casa said, “The boost that Gold got ... Read More
Daily Gold & Silver Market Report - 6/18/2015
GOLD GAINS AS FED STAYS CAUTIOUS; YELLEN STRIKES LESS CERTAIN TONE Precious Metals prices rallied Thursday on news the Federal Reserve may increase interest rates more slowly than expected, with Gold breaking $1,200 per ounce and Silver hitting a two-week high. Policymakers said a rate hike would only be appropriate after further strengthening of the labor market. “This is all about the Fed and the lower rate hike projections,” Saxo Bank analyst Ole Hansen said. “ Read More
Daily Gold & Silver Market Report - 6/17/2015
METALS PRESSURED BY FED STATEMENT; BANK OF CHINA SETTING GOLD PRICES Precious Metals are flat Wednesday ahead of the Federal Reserve’s statement. Fed Chair Janet Yellen is expected to speak on current economic conditions, and the market anticipates hints regarding a timeframe of an interest rate increase. The U.S. economy has shown signs of recovery, which is a key aspect in the Fed’s decision to hike interest rates. “ Read More
Daily Gold & Silver Market Report – 6/16/2015
Gold Slips; Fed Meets to Determine Rate Hike Gold slipped Tuesday as the dollar grew stronger following the start of the U.S. Federal Reserve policy meeting. The Greek crisis has also failed to trigger sustained demand for safe-haven assets. “Gold is weaker because people are still thinking that the U.S. economy is recovering,” Citi strategist David Wilson said. “So people are focusing on those positives of the U... Read More
Daily Gold & Silver Market Report – 6/15/2015
GOLD GAINS ON GROWING GREEK DEBT CONCERN Precious Metal prices are gaining Monday as investors prepare for the results of the U.S. Federal Reserve policy meeting, held June 16 and 17. Many speculate the Fed will offer a more definitive time frame for its first interest rate hike in a nearly a decade. However, Greece’s debt situation is still on the forefront of many investors’ minds. Sharps Pixley CEO Ross Norman said, “ Read More
Daily Gold & Silver Market Report – 6/12/2015
STRONG U.S ECONOMY WEAKENS GOLD Gold is down Friday morning on the U.S. economy’s continued momentum. A strong economy means a U.S. Federal Reserve interest rate increase is even more likely. "The closer we get to this expected U.S. interest rate hike, the lower the price of Gold will get ... we still have space for more losses until September, when the first rate hike should happen," Natixis analy... Read More
Daily Gold & Silver Market Report – 6/11/2015
GOLD SNAPS 3 DAY RALLY; U.S. RETAIL BOOSTS GROWTH OUTLOOK Expectations of the Federal Reserve raising interest rates this year have pressured bullion as an increase could strengthen the dollar and raise the cost of holding non-yielding Gold. The dollar is up Thursday awaiting key U.S. economic data while a European stock rally have Gold prices falling, breaking any gains over last three days. Analysts expect strong U.S. retail data, which will boost the dollar and ... Read More
Daily Gold & Silver Market Report – 6/10/2015
DOLLAR DROPS ON GREEK DEBT WORRIES; GOLD SUPPORTED FROM SAFE HAVEN APPEAL The dollar lost ground Wednesday morning on concerns over Greek’s financial crisis, helping Gold increase for a third consecutive session. Gold’s safe-haven appeal always attracts investors when there is economic uncertainty and fluctuations in the dollar. “Everyone is piling up their bets for the safe [haven] as we are moving closer ... Read More
Daily Gold & Silver Market Report – 6/8/2015
GOLD UP AS U.S. DOLLAR, WORLD STOCKS STRUGGLE Precious Metal prices are on the move Monday morning, with Gold moving up from its lowest point since March, on a dipping U.S. dollar. Although Gold is showing some strength, many analysts are eyeing the next support level. Saxo Bank senior manager Ole Hansen said, “We managed to claw back and close above $1,170 [per ounce] on Friday and today the market took a littl... Read More
Daily Gold & Silver Market Report – 6/5/2015
U.S JOB REPORT FIRMS AS GOLD SAGS Gold fell Friday ahead of U.S. employment data that could boost the possibility of a Federal Reserve interest rate increase this year. The Precious Metal is heading for its third straight weekly slide. Gold was down Friday 0.1 percent to $1,174.96 an ounce, nearing a five-week low of $1,172.55. The metal was heading for a 1 percent decline on the ... Read More
Daily Gold & Silver Market Report – 6/4/2015
GOLD WILTS ON U.S. DATA; WALL STREET PRESSURED AFTER IMF URGES RATE HIKE DELAY Upbeat U.S. economic data has Gold down and is spurring speculation of an interest rate hike soon. Focus is now on Friday’s non-farm payroll data, which is viewed as a key measure of the world’s largest economy and may give further insight to Gold’s direction. An increase in the interest rate could lift the cost of holding the Precious Metal and boost the dollar. Read More
Daily Gold & Silver Market Report – 6/3/2015
GOLD SLIDES AS DOLLAR GAINS; PRIVATE SECTOR JOBS RISE Precious Metals eased Wednesday morning after the dollar gained 0.3 percent versus a basket of major currencies. A deal to bail Greece out of its financial turmoil is expected as negotiations have continued for four months. A Greek default could occur if a settlement is not reached by the end of June, causing the country to possibly exit the eurozone. Read More
Daily Gold & Silver Market Report – 6/2/2015
Weak Data Boosts Gold; Second Quarter May Delay Rate Hikes Gold increased Tuesday due to disappointing U.S. data and Greece’s debt crisis. Gold had climbed above $1,200 per ounce for the first time in a week but dropped due to mixed U.S. economic data and expectations the Federal Reserve will increase interest rates later this year. “It’s definitely, in my opinion, a reflection of the euro-dollar developments of today,” Sprott Assett Management USA Precious Metal strategist Trey Re... Read More
Daily Gold & Silver Market Report – 6/1/2015
METALS GAIN ON SLOWED CONSUMER SPENDING Precious Metal prices are on the rise during morning trading hours. Investors turned to Gold and Silver on Monday’s weak economic data along with comments by Boston Federal Reserve President Eric Rosengren expressing concern that U.S. economic growth is not strong enough to raise interest rates. Societe Generale anal... Read More
Daily Gold & Silver Market Report – 5/28/2015
WALL STREET DOWN ON JOBLESS CLAIMS; GOLD FLAT ON STEADY DOLLAR, LOWER SHARES U.S. stocks are down early Thursday on economic news at home and abroad. European officials downplayed talks of Greece’s much needed debt relief despite rising default concerns. World markets were pressured as major brokerages in China tightened requirements on margin financing, causing fear of further steps to reduce leverage in the market. While many economists expected U.S. jobless cla... Read More
Daily Gold & Silver Market Report – 5/27/2015
STRONG DOLLAR WEIGHS ON GOLD; BERNANKE FOCUSES ON RATE INCREASE The U.S. dollar saw its biggest daily rise in two years Tuesday, pushing Precious Metals prices down on the Federal Reserve’s confirmation of an interest rate increase in the near future. “Gold got hit by a double whammy yesterday, first of all from the dollar move higher, which kicked off on Friday, but also speculative data which showed a 140 percent jump as of last Tuesday,” Saxo Bank's head of commodity res... Read More
Daily Gold & Silver Market Report – 5/26/2015
METALS DOWN AS DOLLAR SOARS Precious Metal prices are on the decline through morning trading as the dollar extends its gains. Recent comments from Federal Reserve Chairwoman Janet Yellen reinforcing the central bank’s plan to tighten its monetary policy, along with strong U.S. economic data, have supported the greenback while pressuring metals. Gold’s historical i... Read More
Daily Gold & Silver Market Report – 5/21/2015
DOLLAR STALLED, GOLD NOT READY TO RALLY Gold spot rose 0.5 percent to $1,211.98 an ounce by 10:01 GMT. It was down 0.8 percent for the week as it is heading for its biggest fall since the week ended April 24 and 1.5 percent below a three-month high of $1,232.20 hit May 14. This is not likely to change in view of the upcoming holiday weekend and the ever-looming interest rate hike. Danske Bank senior analyst Jens Pedersen said, "There ... Read More
Daily Gold & Silver Market Report – 5/21/2015
GOLD STEADY AS DOLLAR FALLS; WEAK EUROZONE SPURS U.S.-DRIVEN REBOUND Minutes from April’s Federal Reserve policy meeting point to the unlikelihood of the central bank raising interest rates in June as policymakers believer it would be premature. Gold is holding steady as the dollar fell on the news. “Gold ... Read More
Daily Gold & Silver Market Report – 5/20/2015
GOLD REMAINS FLAT; VIEWS ON FED’S PLAN TO HIKE INTEREST RATES Gold slowly moved up Wednesday after seeing its biggest one-day loss since April 30 on a strong U.S. dollar Tuesday. “The dollar and the euro seem to be the direction setters,” Precious Metals trader MKS SA head of trading Afshin Nabavi said. “This morning Gold looked like it was going to break below $1,200 [per ounce], but held well... Read More
Daily Gold & Silver Market Report – 5/19/2015
Gold Snaps ON RISING DOLLAR; “Twilight Zone Stocks” Gold’s rise ended Tuesday morning as the dollar increased sharply against the euro. European shares also gained after the European Central Bank suggested it may increase its 1 trillion euro ($1.12 trillion) bond-buying program. U.S. 10 year bond yields and uncertainty ahead of the latest Federal Reserve meeting minutes, due Wednesday, weighed on Gold’s outlook as well. Gold does not pay interest, so the rise in returns from U.S. ... Read More
Daily Gold & Silver Market Report – 5/18/2015
METALS RISE ON WEAK DATA; GREECE TALKS CONTINUE Precious Metal prices continue to rise during morning trading hours with Gold reaching a three month high. As investors await the minutes of the Federal Reserve’s April meeting, due Wednesday, disappointing economic data has supported metals. Many analysts are looking at September for an interest rate hike, which could be big news for Gold. Capital Economics analyst Simona Gambarini said, “The U.S. data has been a lot weaker th... Read More
Daily Gold & Silver Market Report – 5/15/2015
GOLD SOFTENS AS DOLLAR FIRMS Gold fell from a three month high Friday but is up overall on the looming interest rate hike and the dollar recovering from a three month low against the euro. Spot Gold was down 0.6 percent to $1,214.10 an ounce, while U.S. Gold futures for June delivery were down $11.10 an ounce. “Gold coming off today may be a bit of profit-taking on the move of the past couple of days... Read More
Daily Gold & Silver Market Report – 5/14/2015
GOLD HITS THREE MONTH HIGH; JOBLESS CLAIMS HIT 15 YEAR LOW Mixed U.S. data pushed back expectations of a Federal Reserve interest rate increase, pressuring the dollar and pushing Gold to a three-month high. "I'm forecasting Gold to average $1,200 [per ounce] this quarter, as a slightly weaker dollar will continue to be supportive until we see some str... Read More
Daily Gold & Silver Market Report – 5/13/2015
WEAK U.S. DOLLAR DRIVES GOLD, CRUDE OIL Gold jumped two percent Wednesday morning, moving beyond $1,200 an ounce in reaction to the U.S. dollar reaching a three-month low. "The dollar's weakening has been instrumental to the latest move higher and of course the view that the [U.S. Federal Reserve] is less likely to raise interest rates next month after weak economic data," ActivTrades chief analyst Carlo Alberto de Casa said. Fed officials have not provided ... Read More
Daily Gold & Silver Market Report – 5/11/2015
METALS DOWN AS INVESTORS AWAIT DATA, GREEK RESOLUTION Precious Metal prices are relatively flat during morning trading as investors continue digesting Friday’s economic data while awaiting upcoming data this week. Although the U.S. dollar had a small rebound on continued concern over Greece’s debt talks with Eurozone finance ministers, Friday’s mixed economic data held things in check as investors expect the Federal... Read More
Daily Gold & Silver Market Report – 5/8/2015
JOBS REPORT KEEPS GOLD IN CHECK Gold is up slightly Friday, but is still tied to whether the U.S. Federal Reserve raises the interest rate. A strong jobs report could mean the Fed would raise rates sooner than later, pressuring Gold. “Gold is desperately looking for direction, which makes today's nonfarm payrolls report particularly important,” Saxo Bank head of commodity research Ole Hansen said. Spot Gold was up 0.2 percent at ... Read More
Daily Gold & Silver Market Report – 5/7/2015
GOLD SLIPS ON DOLLAR, BOND YIELDS; FED WARY OF BOND CLIFF Gold is held down for a second day on uncertainty of a U.S. Federal Reserve interest rate hike as well as a steadier dollar, holding below the key level of $1,200 per ounce for a fifth day. “Higher real yields rising are the more dominant factor of Gold weakness at the moment,” ABN Amro analyst Geor... Read More
Daily Gold & Silver Market Report – 5/5/2015
Economy On Decline; Gold’s Momentum Short-lived According to a Moody’s/CNBC survey, economists believe the U.S. economy shrank by 0.3 percent in the first quarter. Tuesday’s weak trade data was included in this percentage. The government reported last week the economy grew 0.2 percent, but the Commerce Department will revise the figures later this month. “Q1 likely contracted, than... Read More
Daily Gold & Silver Market Report – 5/1/2015
GOLD SLIDES FURTHER AS STOCKS CLIMB Gold hit a six-week low Friday due to the U.S. jobs report as well as continued speculation on the U.S. interest rate increase. Spot Gold last traded nearly 1 percent lower at $1,172.30 an ounce, while U.S. gold futures for June delivery were down $10 an ounce. Earlier spot prices had Gold at $1,170.20, its lowest since March 20. “There is still fall-out from the FOMC (Federal Open Market Committee)-- there has been a hiccup in the U.S. recovery,... Read More
Daily Gold & Silver Market Report – 4/30/2015
JOBLESS CLAIMS AT 15-YEAR LOW; GOLD FALLS AS JOBS DATA BOOSTS DOLLAR New claims for jobless benefits fell to a 15-year low, remaining under 300,000, while consumer spending rose in March, which may signal a strengthening economy after a rough first quarter. The four week moving average, considered a better measure of the labor market, fell 1,250 to 283,750. Data showing an increase in Q1 Read More
Daily Gold & Silver Market Report – 4/29/2015
METALS AWAIT FED STATEMENT; WEAK U.S. GDP DATA RELEASED Precious Metals fell slightly ahead of the Federal Open Market Committee statement, expected Wednesday. Investors await the Federal Reserve’s statement on increasing interest rates after weak U.S. economic data pushed the dollar to a two-month low against other major currencies. “However, any delay to the interest rates hike may cause more support t... Read More
Daily Gold & Silver Market Report 4/28/2015
Greek Policy Criticized; Gold Hits Three-Week High Gold increased nearly one percent Tuesday after less than ideal U.S. data hit the dollar and weakened talks that the U.S. Federal Reserve will raise interest rates in the coming months. The yellow metal rose to a three-week high after data showed U.S. consumer confidence in April dropped to its lowest level since December. “Market participants are focusing on the Fed meetin... Read More
Daily Gold & Silver Market Report 4/27/2015
METALS BOOSTED AHEAD OF FED MEETING AS GREEK DEBT LOOMS Precious Metals are gaining momentum during morning trading hours. Gold prices have jumped more than $25 an ounce and Silver has increased nearly $1 per ounce as investors await news from this week’s Federal Reserve policy meeting and continue to monitor Greek debt talks. Many do not expect a U.S. interest rate hike in June but more likely toward the end of the year. ING commodities analyst Hamza Khan said, “ Read More
Daily Gold & Silver Market Report 4/24/2015
GOLD STUMBLES AS STOCKS HOLD STEADY Gold is down for the third consecutive week on strong global equities and the timing of a suspected U.S. interest rate increase. Spot Gold was down 0.3 percent to $1,190.55 an ounce, while U.S. Gold futures for June delivery were down $4.30 an ounce. “The news this week in general has been Gold-friendly - weaker dollar, weaker U.S. data and Middle East tensions,” Saxo Bank analyst Ole Hansen said. “But Read More
Daily Gold & Silver Market Report 4/23/2015
GOLD EDGES UP ON SOFT DOLLAR; WALL STREET FLAT Gold edged above a three-week low Thursday after healthy U.S. housing data boosted expectations of a U.S. Federal Reserve interest rate increase. Data showing U.S. home sales climbed to an 18-month high caused the dollar to struggle and have many expecting an increased rate as early as June. A move by the Fed would provide more pressure on Gold. “ Read More
Daily Gold & Silver Market Report 4/15/2015
GOLD’S SAFE HAVEN APPEAL RETURNING; CRUDE SUPPLIES REMAIN HIGH Gold might be headed toward safe haven status on investor concern over whether Greece will resolve its debt crisis by the end of April. If they fail, they may be asked to exit the eurozone, which could create a bullish market for Precious Metals. “The (Gold) market is growing tired of watching the Greek saga, while tensions in Yemen, an element of sup... Read More
Daily Gold & Silver Market Report 4/21/2015
Gold stresses over Dollar; Rate hike likely Gold remained below $1,200 an ounce Tuesday following its biggest one-day drop in a week, remaining under stress as the dollar rose and a rally in global equities diverted interest from the Precious Metal. European stocks rose nearly 1 percent after a strong session in Asia, as positive corporate earnings and China’s latest step to boost its economy pushed equities higher. Read More
Daily Gold & Silver Market Report 4/20/2015
METALS FALL AS DOLLAR GETS BOOST FROM CHINA Precious Metals are on the decline Monday during morning trading hours. As investors take in news there will be a new round of stimulus to boost the Chinese economy, the U.S. dollar is gaining strength while pressuring metals. LibertyView Capital Management president Rick Meckler said, “What's helped the market tod... Read More
Daily Gold & Silver Market Report 4/17/2015
LOOMING RATE HIKE STILL AFFECTING GOLD Gold is back up above $1,200 an ounce Friday morning despite uncertainty the Federal Reserve will raise interest rates this year. Since Gold generally works in negative correlation to the U.S. dollar, rising rates would boost the dollar while lifting the opportunity cost of holding non-yielding bullion. “Expectation once again is for rate rises to be pushed out even later. September or October has been our base assumption for some time,... Read More
Daily Gold & Silver Market Report 4/16/2015
GOLD FALLS ON DATA; U.S. HOUSING STARTS FALL WHILE JOBLESS CLAIMS RISE A weaker demand for physical metal along with positive U.S. factory data has Gold below $1,200 per once on Thursday. The positive factory data showing accelerated activity in April helped the dollar index, which can weigh on Gold, recover from lows against a basket of currencies. Analysts still believe soft U.S. data may cause the Federal Reserve to delay raising interest rates. Read More
Daily Gold & Silver Market Report 4/15/2015
GOLD UP ON LOWER DOLLAR; RIGHT TIME TO HIKE INTEREST RATES Gold climbed Wednesday after the U.S. dollar fell against other major currencies. “The dollar's retreat is mainly due to the weak U.S. economic data ...as long as we have weak economic figures out of the U.S., it is less likely that the [U.S. Federal Reserve] will start raising interest rates sooner rather than later,” Commerzbank analyst ... Read More
Daily Gold & Silver Market Report – 4/14/2015
Gold Responds to Weaker Dollar; U.S. Economy in “Good Shape” Gold cut some of its earlier losses Tuesday as the U.S. dollar decreased in response to weaker-than-expected retail sales and producer price data. The Commerce Department said Tuesday retail sales increased .9 percent, which was below the 1 percent forecast by economists. “We expect Gold prices to head lower, due to a stronger dollar and improved risk senti... Read More
Daily Gold & Silver Market Report – 4/13/2015
METALS DOWN AS U.S. DOLLAR GAINS Precious Metal prices are slightly lower during morning trading hours, continuing their recent trend of give and take. A rise in the U.S. dollar provided a new round of pressure on metals as investors speculate on the timing of a U.S. Federal Reserve rate hike. Bank of America Merrill Lynch strategists wrote Monday, “Despit... Read More
Daily Gold & Silver Market Report – 4/10/2015
GOLD UP, STILL PRESSURED BY DOLLAR Gold climbed 0.7 percent to $1,203.10 an ounce Friday morning despite heading for a fall on a stronger dollar and expectations the U.S. will see an interest rate hike this year. “We saw a technical move this morning that pushed prices above $1,200... but if we see some selling into the rally perhaps we can come back down again,” Mitsubishi Corp strategist Jonathan Butler said. Investor... Read More
Daily Gold & Silver Market Report – 4/9/2015
GOLD FALLS ON FED TALK, U.S. JOBLESS CLAIMS DATA Despite recent weak economic data, the U.S. Federal Reserve has kept alive expectations for an interest rate hike this year. Minutes from the Fed’s March meeting show they are keeping the option of a June interest rate hike. Gold fell more than 2 percent from Monday’s seven week high after U.S. jobs data gave expectations the Federal Reserve would delay a rate hike. “What happened after the ... Read More
Daily Gold & Silver Market Report – 4/8/2015
GOLD HOLDS ABOVE $1,200 AN OUNCE; FED MINUTES RELEASED TODAY The U.S. Federal Reserve plans to release its March policy meeting minutes Wednesday, and investors anticipate remarks regarding when interest rates may increase. Gold is holding strong above $1,200 an ounce after soaring following the holiday weekend and Friday’s worse-than-expected U.S. nonfarm payrolls report. “We really need to break at least ... Read More
Daily Gold & Silver Market Report – 4/7/2015
GOLD DIPS AS OIL RALLIES Gold dropped Tuesday as the U.S. dollar gained strength and global shares rose, but fears about a U.S. interest rate hike kept bullion close to a seven-week high. Precious Metals increased Monday to their highest since February 17, as non-farm payroll data fuelled expectations the U.S. Federal Reserve may not increase rates this year. “Bulls are frustrated yet again to see rallies fade … mome... Read More
Daily Gold & Silver Market Report – 4/6/2015
METALS RISE AS JOBS DATA DISAPPOINTS Precious Metal prices gained through morning trading with Gold reaching a seven week high as investors avoided riskier assets and flocked to metals. As U.S. payroll expectations missed the mark Friday, the U.S. dollar lost steam, leading many to believe the Federal Reserve will postpone raising interest rates. In response to the... Read More
Daily Gold & Silver Market Report – 4/2/2015
GOLD AWAITS PAYROLL DATA; DATA LIFTS PAYROLL HOPES Gold held around $1,200 per ounce as disappointing economic data raised concerns over the U.S. growth outlook and the Federal Reserve’s interest rates policy. “The Precious Metal could face higher volatility as we approach towards the Friday's U.S. non farm payroll number,” AvaTrade chief market analyst Naeem Aslam said. “(But) we may actually see a weak number, ... Read More
Daily Gold & Silver Market Report – 4/1/2015
GOLD UP ON POOR JOBS REPORT; MINABLE RESERVES MAY BE DISAPPEARING Gold climbed back up Wednesday after a report showed U.S. private sector created only 189,000 jobs in March compared to an estimated 225,000. The data reported the majority of new positions came from the service sector in small businesses. This is the first time since January 2014 private companies added less than 200,000 jobs. “The fal... Read More
Daily Gold & Silver Market Report – 3/31/2015
GOLD SEES NO LOVE; U.S. DATA WEAK Gold has experienced very little love and had another 1.25 percent drop Monday, giving up what little gains it has had in 2015. The path ahead does not look inviting as the U.S. Federal Reserve is expected to raise interest rates as early as June. A short-term rise makes holding Gold less attractive as people will likely keep their money in greenbacks. This will cause the dollar to rise in value, which will make the Gold price lower in the U... Read More
Daily Gold & Silver Market Report – 3/30/2015
METALS LOSE GROUND AS U.S. STOCKS REBOUND Precious Metal prices are lower during morning trading hours after gaining most of last week. As the U.S. dollar gains, pressure mounts on metals, with many investors believing the U.S. Federal Reserve will raise interest rates this year. However, as geopolitical tensions continue in the Middle East, many a... Read More
Daily Gold & Silver Market Report – 3/27/2015
GOLD DOWN SLIGHTLY, STILL UP OVERALL Gold is down Friday following the dollar’s rebound as the U.S. Federal Reserve appears on track to raise interest rates this year. The dollar rose 0.3 percent versus a basket of currencies, supported by strong U.S. jobs and service sector data, while European stocks gained after a two-day retreat. Despite Friday's losses, Gold is on track to finish the week up around 1.5 percent after a seven-day rally, the metal's Read More
Daily Gold & Silver Market Report – 3/26/2015
GOLD HITS 3 WEEK HIGH; JOBLESS CLAIMS SUGGEST IMPROVEMENT Escalating tensions in the Middle East rattled stocks and the U.S. dollar, leading investors into lower risk assets of bullion and German bonds. Gold rallied to a 3 1/2 week high while Silver rose 3 percent. Gold received another boost as soft U.S. data may lead to the U.S. Federal Reserve keeping interest rates low. “Overnight we have seen risk aversion because of what's going on in the Middle East, and the... Read More
Daily Gold & Silver Market Report – 3/25/2015
ANALYSTS FORECAST GOLD TO REACH $1,300; OIL PREDICTED TO INCREASE IN 2016 Gold is trading at a 2-1/2 week high as the market anticipates the U.S. Federal Reserve will not increase interest rates until September compared with the prior probability of June. “For the rest of this month, markets (will be) adjusting to the reality that the Fed is more dovish than previously expected,” Phillip Futures a... Read More
Daily Gold & Silver Market Report – 3/24/2015
Rate Increase Speculation Boosts Gold; Dollar, Euro rally Gold steadied below the 2-1/2 week high Tuesday and is headed for its fifth session of gains on expectations that a U.S. interest rate hike could be delayed until September. The price of Gold was set to post its longest winning streak since January 2014. Investors have rushed toward bullion the past few days because of a slumping U.S. dollar. “The dollar remai... Read More
Daily Gold & Silver Market Report – 3/23/2015
METALS HOLD GAINS AS DOLLAR’S STRUGGLE CONTINUES Precious Metal prices have seen modest movement Monday as Gold holds near a two week high following three consecutive gains last week. As investors await U.S. economic news later this week, the U.S. Federal Reserve’s dovish stance weighs on the dollar. With many analysts now expecting a rise in interest rates i... Read More
Daily Gold & Silver Market Report – 3/20/2015
GOLD, STOCKS BOOSTED ON SLIGHTLY LOWER DOLLAR Gold is at a two-week high Friday following one of the worst weeks for the U.S. dollar against the euro. This change of pace comes after a four month low due to pressure from expectation the U.S. central bank was on track for its first interest rate hike in nearly a decade. “For the short term, Gold has had a stay of execution,” Mitsubishi analyst Jonathan Butler said. “With yields on Treasuries coming off a bit in the last few days, Read More
Daily Gold & Silver Market Report – 3/18/2015
METALS FLAT AS INVESTORS AWAIT FED STATEMENT Precious Metal prices are relatively flat in early morning trading as investors prepare for the U.S. Federal Reserve’s highly anticipated statement Wednesday. With Gold hovering around four month lows, many analysts speculate the removal of the word “patient” from the Fed’s policy statement will hint toward a rate hike in June. However, not everyone is sold on the dollar’s strength. Abu Dhabi’s ADS Securities chief market s... Read More
Daily Gold & Silver Market Report – 3/17/2015
Gold Hits Another Low Awaiting Fed Meeting Gold opened on a four-month low Tuesday as investors nervously await the U.S. Federal Reserve policy meeting that could support a mid-year rise in interest rates. The Gold price fell to $1,142.86 an ounce, its lowest since November 7. Fed policymakers start the two-day meeting Tuesday afternoon and rate increases are expected to be the topic. The likely increase will put the Fed a step closer to the first rate increase since 2006. Read More
Daily Gold & Silver Market Report – 3/16/2015
METALS STRONG AHEAD OF WEDNESDAY FED STATEMENT Shaking off recent losses, Precious Metal prices are on the rise as investors prepare for the U.S. Federal Reserve’s statement Wednesday. Gold has been pressured with the continued rise of the U.S. dollar, but some analysts believe a dollar correction is on the way as disinflation becomes a concern. BK Asset Management managing director of FX strategy Kathy Li... Read More
Daily Gold & Silver Market Report – 3/13/2015
GOLD UP AS STOCKS REMAIN FLAT Gold was on track to its ninth straight session of losses, the most in 40 years. However, today it has benefited from the dollar falling against other currencies. "The softer dollar is helping Gold but that's only temporary," Societe Generale analyst Robin Bhar said. "The key event now is going to be the [U.S. Federal Reserve] meeting next Wednesday, so more clarity ... Read More
Daily Gold & Silver Market Report – 4/2/2015
GOLD AWAITS PAYROLL DATA; DATA LIFTS PAYROLL HOPES Gold held around $1,200 per ounce as disappointing economic data raised concerns over the U.S. growth outlook and the Federal Reserve’s interest rates policy. “The Precious Metal could face higher volatility as we approach towards the Friday's U.S. non farm payroll number,” AvaTrade chief market analyst Naeem Aslam said. “(But) we may actually see a weak number, ... Read More
Daily Gold & Silver Market Report – 3/11/2015
PRECIOUS METALS, OIL PRESSURED BY STRONG U.S. DOLLAR Friday’s better than expected U.S. non-farm payroll figures quickly motivated the market as investors suggested the U.S. Federal Reserve may change its mind and increase interest rates in June rather than later this year. The news has pushed the U.S. dollar to its highest trading point in more than 11 years, pressuring Gold. “Ultimately support is at $1,130 [per o... Read More
Daily Gold & Silver Market Report – 3/10/2015
GOLD DOWN AGAINST STRONG U.S. ECONOMY, DOLLAR The Gold price has decreased to its lowest price in three months due to newfound life in the U.S. economy. The safe haven appeal for Gold may further dampen if U.S. interest rates are hiked earlier than expected. This potential has hurt the Gold market for more than a year. Friday saw a steep decline in Gold linked to positive U.S. non-farm payrolls data. Read More
Daily Gold & Silver Market Report – 3/9/2015
METALS ON MOVE AS ECB BEGINS NEW QE Precious Metal prices are on the rise Monday after trading near four-month lows the previous week. Although metals have been pressured due to a strengthening U.S. dollar, Greece’s continued financial struggle along with a new round of quantitative easing (QE) by the European Central Bank (ECB) has provided support. Commerzbank ... Read More
Daily Gold & Silver Market Report – 3/6/2015
GOLD DROPS ON STRONG JOB REPORT Gold fell nearly 1 percent after the U.S. employment report showed the unemployment rate dropped to 5.5 percent, marking the fifth weekly decline as the dollar rose near an 11-year high. However, markets believe a strong U.S. jobs report could spur the Federal Reserve to raise interest rates, which would boost the dollar and in turn hurt demand for Precious Metals. The dol... Read More
GOLD DROPS ON STRONG JOB REPORT
Gold fell nearly 1 percent after the U.S. employment report showed the unemployment rate dropped to 5.5 percent, marking the fifth weekly decline as the dollar rose near an 11-year high. However, markets believe a strong U.S. jobs report could spur the Federal Reserve to raise interest rates, which would boost the dollar and in turn hurt demand for Precious Metals. The dollar is a major factor in U.S. oil prices. “Given... 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.
