Precious Metals Market Reports
Morning Gold & Silver Market Report – 10/22/2014
METALS DOWN AS CONSUMERS DIGEST DATA Precious Metal prices are lower in early morning trading. Although Gold is coming off a six week high, softened physical demand along with a slightly higher U.S. dollar provide some pressure to metals. However, with investors still concerned about a slowing global economy and news from China showing third quarter growth was the ... Read More
Closing Gold & Silver Report – 10/21/2014
CHINA, INDIA BACK IN GOLD MARKET IN A BIG WAY In the past two years, we have seen an odd phenomenon in the Gold market. The weaker the price, the stronger the physical demand. China and India are among the countries hungriest for physical Gold and their appetite has been voracious. India’s Gold imports have risen 450 percent. Combined, India and China are buying eno... Read More
Morning Gold & Silver Market Report – 10/21/2014
GOLD HITS ONE-MONTH HIGH; LOWER OIL PRICES ELEVATE CONCERN Precious Metals prices are on the rise with Gold reaching a one-month high this morning with a weaker U.S. dollar and continued concern over global growth. Recent data from China showed their growth fell in the third quarter to its lowest since the infamous 2008 worldwide financial crisis, while its gross domestic product grew 7.3 percent above the 7.2 percent forecasted by analysts. " Read More
Closing Gold & Silver Market Report – 10/20/2014
GOLD, SILVER HOLD GAINS AS STOCKS REBOUND The stock market had an ugly open today on the disappointing earnings outlook coming out of IBM. One concern was that IBM earnings might foretell things to come, but these fears subsided on Apple’s positive quarterly results and stocks bounced into positive territory for the third day in a row. Gold and Silver maintained positive momentum on a weaker U.S. dollar and conti... Read More
Morning Gold & Silver Market Report – 10/20/2014
METALS GAINING AHEAD OF DATA Precious Metals prices are gaining through morning trading as investors continue showing concern over global economic slowdown. Many will keep an eye on a variety of quarterly reports over the next few days that will likely shape equity markets. Analysts at Sharps Pixley mentioned in a note, “While the sentiment towards Gold has been soured given little inflationary pressure, the global equity rout and the on-going Read More
Weekly Gold & Silver Market Report – 10/17/2014
EQUITY MARKETS GET WAKE UP CALL; GLOBAL ECONOMY STILL INTERCONNECTED Klaus Schwab, founder of the World Economic Forum, prefaced the World Economic Forum’s 2014 Global Risk Report: “Our lives are changing at an unprecedented pace. Transformational shifts in our economic, environmental, geopolitical, societal and technical systems offer unparalleled opportunities, but the int... Read More
Morning Gold & Silver Market Report – 10/17/2014
METALS FLAT AS FED SPECULATION GROWS Precious Metal prices are relatively flat through early morning trading. As investor concerns continue growing over a global economic slowdown, Gold’s safe haven appeal has been boosted and the metal is set for its second consecutive week of gains. ABN Amro analyst Georgette Boele said, “There has been a move down in the d... Read More
Closing Gold & Silver Market Report – 10/16/2014
PLATINUM MOVES BELOW GOLD; FED MAY WAIT TO END STIMULUS PROGRAM Precious Metals prices are down across the board today with Platinum falling below Gold for the first time since April 2013. Platinum has been on the down slope since July somewhat due to the ongoing mine strikes in South Africa, which extended a third straig... Read More
Morning Gold & Silver Market Report – 10/16/2014
GLOBAL ECONOMIC CONCERNS PROVIDE STABLITY FOR METALS Precious Metal prices are showing a small decline in early morning trading. Although there is a slight dip in Gold, it is still retaining its recent gains and trading near its highest point in over a month. As investor’s concerns continue to increase over a sluggish global economy, many are looking to avoid risker assets, such as equities, and are instead turning to the safe-haven appeal of Precious Metals.... Read More
Closing Gold & Silver Report – 10/15/2014
GOLD RISES, U.S. EQUITIES SINK ON DISAPPOINTING DATA The Dow fell more than 400 points before staging a rally to close down only 173 points, while the U.S. dollar fell to a three-week low versus the euro. The stock market began to dive following a report showing September retail sales fell along with producer prices. Signals that the U.S. economy may be struggling co... Read More
Morning Gold & Silver Market Report – 10/15/2014
GOLD REACTS TO STRONG DOLLAR; INFLATION CONCERNS MAY BEGIN FOR U.S. MARKET Gold reached a four-week high yesterday, but has lost traction today due to a stronger U.S. dollar. The concern over global growth is currently supporting the yellow metal and preventing a further price drop. "Gold is at the mercy of other markets," Macquarie analyst Matthew Turner said. "There are two views here... Read More
Closing Gold & Silver Market Report – 10/14/2014
DOW SLIGHTLY DOWN; GOLD, SILVER MAINTAIN GAINS Gold and Silver prices continued an upbeat week with modest gains. The U.S. equity market ended a severe three day skid, but gains were minimal. The S&P 500 and Nasdaq were up slightly while the Dow slipped five points. U.S.-led airstrikes intensified as Islamic State fighters threatened Kurds alon... Read More
Morning Gold & Silver Market Report – 10/14/2014
GOLD ON RISE; CRUDE OIL MOVING DUE TO SUPPLY Precious Metals prices are on the rise this morning, with Gold close to its highest price in nearly four weeks, as the market has noticed slowing global economic growth. “What we saw last week was that the dollar hit its strongest level to the euro in a couple of years, when Gold fell to its lowest price since December 2013,” Thorsten Proettel, a commodity analyst at LBBW, said. Investors are eyeing the eurozone after the euro fel... Read More
Closing Gold & Silver Market Report – 10/13/2014
Published on 10/13/2014 4:20 pm by Chris Boswell GOLD HIGHER DUE TO DOLLAR WEAKNESS & CHINESE DATA Gold rose to $1,237 before settling at $1,231 to end the trading day in London. Much of the action in Precious Metals today was a result in the weakness of the dollar, which fell 50 BPS against the Euro. However, the shiny yellow metal rose today as it proved to be a safety play for investors that are showing inc... Read More
Morning Gold & Silver Market Report – 10/13/2014
GOLD, SILVER OFF TO QUICK START; GOLD HITS FOUR-WEEK HIGH Two factors boosting Gold and Silver’s safe haven appeal today are growing concern about the declining global economy and the possibility this will cause the U.S. Federal Reserve to push back raising interest rates. “Gold is going to be doubly influenced by both t... Read More
Weekly Gold & Silver Market Report – 10/10/2014
This week was positive for Gold and Silver, while the U.S. stock market suffered sharp losses after a good start on Monday. Economic data coming out of the U.S. along with the jobs report maintained positive momentum. However, economic data coming out of the Eurozone, especially Germany continued to paint a dismal picture. The declining European economy is not new information, but it was as if this week the light went on and the revelation we learned back during the Great Recession hit hom... Read More
Morning Gold & Silver Market Report – 10/10/2014
METALS DOWN SLIGHTLY AS U.S. STOCKS STRUGGLE Precious Metal prices are slightly down through early morning trading. After four days of consecutive gains, a stronger dollar caused the metals to take a slight dip. However, with many still concerned about the possibility of a widespread economic slowdown, the metals should continue to have support. Afshin Nabavi... Read More
Closing Gold & Silver Market Report – 10/9/2014
GOLD, SILVER MAINTAIN GAINS; STOCKS DIVE 300 POINTS The U.S. stock market had its worst day of the year and more than erased yesterday’s rally. The U.S. corporate earnings and jobs reports were nearly overlooked as traders focused on global concerns, especially in the eurozone. Add the global economic concerns to geopolitical tension and a growing Ebola threat, and you get a big market drop. "... Read More
Mid-Day Gold & Silver Market Report – 10/9/2014
GOLD & SILVER CLIMB – DOW OFF OVER 250 POINTS It is rare that the minutes of FOMC meetings reveal information that rises to the level of surprising, but yesterday’s release can be considered no less than surprising. There is still a great deal of debate within the Fed as to when to raise interest rates. This has caused concerns that rates will be raised sooner ra... Read More
Morning Gold & Silver Market Report – 10/9/2014
GOLD, SILVER RECOVER SHARPLY AFTER FED MINUTES After the Federal Reserve’s September meeting minutes were released Wednesday, Gold and Silver prices continue to recover from recent losses. The U.S. dollar fell, adding to Gold’s progress. An MKS SA executive said, “The air has been cleared and we know that an early interest rate increase in the U.S. is not as likely as people had expected. A lot of peopl... Read More
Closing Gold & Silver Market Report – 10/8/2014
METALS MOVE UP AS U.S. DOLLAR FALLS Precious Metals continue to climb as investors digest minutes from the latest Federal Open Market Committee meeting showing the U.S. Central Bank has concerns about the U.S. dollar as well as European inflation and economic turmoil. Alternative Investments Capital Asset Management LLC managing director of trading Daniel Hwang said, “The main focus for Gold investors now i... Read More
Mid-Day Gold & Silver Market Report – 10/8/2014
GOLD, SILVER PRICES SLIP INTO THE RED Gold and Silver prices have lost ground and moved into the red heading into the afternoon as stocks have come up from morning losses and are now positive. "I think what the market is doing this morning is it's trying to test whether yesterday's selloff is over with," Banyan Capital Partners Chief Market Strategist Robert Pavlik said. Low oil prices and the stronger doll... Read More
Morning Gold & Silver Market Report – 10/8/2014
GOLD REBOUNDS AS PHYSICAL DEMAND INCREASES Gold and Silver prices continue to rebound from lows experienced earlier in the week as stock markets slow down. Saxo Bank head of commodity research Ole Hansen explained, “Precious Metals are finding support from several corners today. Stock markets are once again showing signs of weakness, while U.S. bond yields are moving lower once again. Adding to this is ... Read More
Closing Gold & Silver Market Report – 10/7/2014
IMF GROWTH PROJECTIONS BOOST GOLD, WEIGH ON STOCKS Gold is trading higher Tuesday as investors sought the safe-haven appeal of Precious Metals following a report by the International Monetary Fund that cut its global growth forecasts. “Following yesterday's rally, traders are in a wait-and-see attitude now after the IMF lowered world growth and issued som... Read More
Mid-Day Gold & Silver Market Report – 10/7/2014
FORMER FED CHAIR ALAN GREENSPAN TALKS UP GOLD In an article published last week, former Federal Reserve chair Alan Greenspan said that China could be thinking of making major Gold purchases, perhaps, even thinking about making their currency (renminbi), convertible to Gold. What would happen if this were announced? Would other countries be forced t... Read More
Morning Gold & Silver Market Report – 10/7/2014
METALS CONTINUE RALLY AHEAD OF FED MINUTES Precious Metal prices are rising through early morning trading. Although the U.S. dollar is rallying toward a four year high, a recent rare dip has kept the currency from making a solid advance and has taken some pressure off Gold. Even with today’s gains, some analysts are forecasting a rough road ahead for the m... Read More
Closing Gold & Silver Market Report – 9/6/2014
GOLD RALLIES AS STOCKS, DOLLAR DIP The Gold price realized its largest session of gains in two months as the U.S. dollar retreated more than it has in one year. “The dollar drifting lower is adding support to Gold,” Saxo Bank Head of Commodity Strategy Ole Hansen said. “Almost all of Gold’s weakness we’ve seen has been a strong-dollar move.” Re... Read More
Mid-Day Gold & Silver Market Report – 9/6/2014
GOLD, SILVER, PLATINUM & PALLADIUM PRICES MOVING UP The Precious Metal Complex is moving up in morning trading as the U.S. dollar is showing signs of weakness. The global equity market was generally upbeat Monday, while the U.S. stock market is down. There is growing concern about a market correction. "Sentiment has been very negative; the markets have declined some and investors have got... Read More
Morning Gold & Silver Market Report – 10/6/2014
GOLD RECOVERS FROM OVERNIGHT LOSSES The Gold price increased slightly in morning trading but still below the key psychological level of $1,200 per ounce. At one point in overnight trading, the Gold price was just above a key support level of $1,180 per ounce. Ronald Leung of Lee Cheong Gold Dealers in Hong Kong, said, “A strong dollar is a major problem for gold. Sentiment is very bearish but I think we... Read More
Weekly Gold & Silver Market Recap – 10/3/2014
The correlation between the U.S. equity market and Gold was unusually high this week, as both markets suffered losses. U.S. stocks closed out strong Friday on the upbeat jobs report, but for the week geopolitical tensions and the IMF cutting the global economic growth outlook drove U.S. stocks down. The U.S. dollar is the big winner as it continues to show strength relative to other fiat currencies. T... Read More
Mid-Day Gold & Silver Market Report – 10/3/2014
GOLD REACTS TO JOBS REPORT; REAL UNEMPLOYMENT RATE UNCERTAIN Precious Metals prices quickly began moving down after the U.S. Labor Department showed an estimated 248,000 jobs were created in September. They also announced the unemployment rate fell to 5.9 percent, its lowest point since July 2008. Gold broke new ground on the news, falling under $1,200 an ounce for the first time in 2014, while Platinum dropped about 3 percent. " Read More
Morning Gold & Silver Market Report – 10/3/2014
METALS DOWN AHEAD OF JOBS DATA Precious Metals prices are lower through early morning trading. As the U.S. dollar continues to rebound and provide pressure to metals, investors have watchful eyes on today’s release of U.S. jobs data. ABN Amro analyst Georgette Boele said, “What causes the big swings in Precious Metals is what investors are doing a... Read More
Closing Gold & Silver Market Report- 10/2/2014
ECB, JOBS REPORT EYED AS GOLD STRUGGLES TO RECOVER Gold and Silver fell again Thursday as the prospect of domestic economic improvement and a higher interest rate environment further quelled the demand for Precious Metals. “The stronger U.S. macro outlook is driving expectations for a U.S. interest rate hike, which is supporting the doll... Read More
Mid-Day Gold & Silver Market Report- 10/2/2014
THE IMF CUTS GLOBAL ECONOMIC GROWTH OUTLOOK Although there is anecdotal evidence that the U.S. economy is inching forward the same cannot be said for the global economy. Today, International Monetary Fund (IMF) Managing Director Christine Lagarde said the global economic rebound is weaker than expectations six months ago. "Yes, there is a recovery but as we all know—and can all fee... Read More
Morning Gold & Silver Market Report – 10/2/2014
JOBLESS CLAIMS FALL, HAVE LITTLE IMPACT Gold and Silver prices are trading lower this morning and were little changed after the release of weekly jobless claims numbers. The U.S. dollar’s rally is halted, at least for now, but Precious Metals demand is keeping a tight lid on prices. INTL FCStone is still a supporter of the yellow metal, as they said in a note, “With the likelihood of further weakness in... Read More
Mid-Day Gold & Silver Market Report – 10/1/2014
CHINA AIMS FOR GOLD RESERVES OF 8,500 TONNES According to China Gold Association President Song Xin, China is on its way to accumulating 8,500 tonnes of Gold, which would be the highest amount of any current central bank, including the U.S. Gold will help support the renminbi, the People’s Republic of China’s official currency, to beco... Read More
Morning Gold & Silver Market Report – 10/1/2014
“DR. DOOM” SPEAKS ON BLACK SWAN EVENTS Gold is trading near nine-month lows in early-morning trading. Some analysts see the price falling further thanks to a snowball effect. Societe Generale analyst Robin Bhar said, “The weight of selling is such that I still see lower prices. We have the stronger dollar and investor disinterest, and if we drop below $1,200 or $1,180 [per ounce], you'll get the short s... Read More
Closing Gold & Silver Market Report – 9/30/2014
GOLD, SILVER DROP AGAIN AS DOLLAR RALLIES The Gold price dipped to a fresh nine month low today as strength in the U.S. dollar continues to weigh on Precious Metals prices. With overseas tensions failing to influence safe-haven demand, an ongoing rally by the greenback has taken center stage as the principal motivato... Read More
Mid-Day Gold & Silver Market Report – 9/30/2014
GOLD APPROACHING $1,200 & SILVER BELOW $17 ON THE STRENGTH OF THE DOLLAR Gold and Silver prices have continued to drop in morning trading as Silver dives below $17 and Gold looks like it could break $1,200. Gold futures hit a nine-month low and are on track for a three-month drop of 9.2 percent. Silver prices are down 19 percent since t... Read More
Morning Gold & Silver Market Report – 9/30/2014
GOLD DROPS AS DOLLAR RISES The Gold price is on track for a 5.5 percent drop in September, giving up nearly all gains made in 2014. This will be Gold’s sharpest monthly decline in more than a year. Macquarie analyst Matthew Turner said, “Gold bulls' worst nightmares involve a rampant dollar and surging real interest rates, and this macro-trend is currently being fuelled by the expectation that the [Euro... Read More
Closing Gold & Silver Market Report – 9/29/2014
GOLD HIGHER AS HONG KONG PROTESTS BREED UNCERTAINTY The Gold price edged slightly higher Monday as Asian markets were disrupted in the wake of pro-democracy protests in Hong Kong over the weekend. Investors sought the safe-haven appeal provided by Precious Metals as lower prices have also influenced demand from bargain hunters. The yellow metal i... Read More
Mid-Day Gold & Silver Market Report – 9/29/2014
GOLD & SILVER MAINTAIN MORNING GAINS AS STOCKS HEAD LOWER Gold and Silver prices remain on the upswing as the DOW approaches a triple digit loss. “Today will be steady on the upside for gold as people try to hedge the selloff in the stock market,” George Gero, a New York-based precious-metals strategist at RBC Capital Markets LLC, sai... Read More
Morning Gold & Silver Market Report – 9/29/2014
HONG KONG UNREST BOOSTS GOLD Gold is flaunting its safe haven value in early-morning trading as political unrest in Hong Kong boosted demand. The U.S. dollar is also trading slightly lower. Citi analyst David Wilson said, “You can attribute most of the move in September so far to the dollar. It's macro issues in the driving seat right now, and all eyes are on expectations of interest rate hikes in the U... Read More
Weekly Gold & Silver Market Recap – 9/26/2014
Gold and Silver prices continued to be under pressure, but appear set to break a three week losing streak. In September, money managers largely moved away from safe haven trades looking for higher returns. This move has been tempered by continued geopolitical tensions in Ukraine and the Gaza Strip in addition to ISIS terrorists’ threats. The U.S. began bombing suspected ISIS hotspots in Syria, which boosted Gold prices. On Thursday, a report came out that Read More
Mid-Day Gold & Silver Market Report – 9/26/14
U.S. GDP RISES, GOLD REACTS The latest U.S. Commerce Department data shows gross domestic product increased in the second quarter at a revised 4.6 percent annualized rate. This is the fastest growing rate since the fourth quarter of 2011, as businesses focused on investments and consumer spending increased. “We definitely see momentum” in the U.S. economy, said Brittany Baumann, an economist at Credit Agricole CIB in New York, which correctly forecast... Read More
Morning Gold & Silver Market Report – 9/26/2014
GOLD ON PACE TO BREAK LOSING STREAK The Gold price is trading slightly lower this morning, though it is on pace to break a three-week losing streak. Saxo Bank manager Ole Hansen said, “We received a boost yesterday from low bond yields and falling stocks, but it is the [U.S.] dollar that holds the key ... and at the moment it's really a question of how strong the bullish sentiment towards the dollar is.... Read More
Closing Gold & Silver Market Report – 9/25/14
GOLD BOOSTED BY EQUITY SELLOFF The Gold price rebounded slightly today as stocks posted their largest single-session loss since July. Gold has fallen more than five percent this month as strength in the U.S. dollar and ongoing gains among equities indexes have quelled the safe-haven demand for Precious Metals. “The stock market... Read More
Mid-Day Gold & Silver Market Report – 9/25/14
GOLD REBOUNDS AS STOCKS TAKE A 200 POINT DIVE ON GLOBAL WORRIES Gold and Silver prices have rebounded from sharp price dips in the early morning, as the U.S. stock market heads down. There are reports that Russia is considering a measure that would allow for its courts to seize foreign assets. "To us that would signal a threat from the Kremlin that the Russian-U.S.-Europe conflict economically might take a turn for the wors... Read More
Morning Gold & Silver Market Report – 9/25/2014
PHYSICAL BUYING MISSING FROM POTENTIAL REBOUND The Gold price fell to a nine-month low in overnight trading as the U.S. dollar rose to a four-year high. One key factor missing from a potential Gold rebound is physical buying, specifically in Asia. VTB Capital analyst Andrey Kryuchenkov said, “The physical interest in Asia remains anaemic, and we still see little chance for a sustained price rebound with... Read More
Closing Gold & Silver Market Report – 9/24/2014
METALS FLAT AS WORLD STOCKS GAIN Precious Metals prices are relatively flat through afternoon trading. Economic data showing an 18 percent increase in new single-family home sales for August helped boost the U.S. dollar. The data suggests a seasonally adjusted annual rate growing at its fastest pace in more than six years, while at the same time providing ... Read More
Mid-Day Gold & Silver Market Report – 9/24/2014
U.S. DOLLAR HITS A FOUR YEAR HIGH – GOLD & SILVER SLIGHTLY DOWN Gold and Silver prices are down slightly this morning while U.S. and European stocks are recovering from recent losses. Investors are still remaining cautious as they await updated U.S. economic data due Thursday and Friday. Although Gold prices have been trending down, there is support expected at the $1,200 range. "A stronger dollar is a fairly consensus view as well as higher U.S. Treasury yields ...... Read More
Morning Gold & Silver Market Report – 9/24/2014
FUND MANAGER: ‘VERY LITTLE DOWNSIDE’ IN GOLD The Gold price is mostly flat in morning trading, taking a cue from the U.S. dollar. While Gold has given up most of its gains for 2014, some analysts are calling for a different extreme for the yellow metal. Fund manager Stephen Leeb said, “There is very little downside ... Read More
Closing Gold & Silver Market Report – 9/23/2014
GOLD SUPPORTED BY SYRIAN AIRSTRIKES, SOFTER DOLLAR AND DIP IN EQUITIES The Gold price received support on Tuesday as the dollar softened and U.S. air strikes in Syria added some safe-haven appeal for the yellow metal. The greenback came under pressure as New York Fed bank president William Dudley made dovish comments regarding an i... Read More
Mid-Day Gold & Silver Market Report – 9/23/2014
GARTMAN: ‘THERE WILL BE A TIME’ TO OWN GOLD Gold’s safe-haven appeal has been bolstered in morning trading by news surrounding U.S. air strikes in Syria as geopolitical turmoil is historically bullish for the yellow metal. Dennis Gartman of the Gartman Letter said recently that owning Gold is not for the faint of heart. He believes that “[t]here will be a time when inflationary pressures Read More
Morning Gold & Silver Market Report – 9/23/2014
METALS ON THE MOVE AS SYRIAN AIRSTIKES BEGIN Precious Metals prices are on the move and gaining in early morning trading. After reaching its lowest point in eight months, comments made by New York Federal Reserve bank president William Dudley along with U.S. airstrikes in Syria have provided Gold’s safe-haven appeal a boost. Societe Generale a... Read More
Closing Gold & Silver Market Report 9/22/2014
METALS ON THE MOVE; U.S. DATA NOT TO INVESTOR EXPECTATIONS Since late last week, Precious Metals prices have felt the pressure of a stronger U.S. dollar and technical selling, which caused Gold to drop to its lowest point since early January 2014. Speculation is to blame for significant Precious Metal price movement with concern the Federal Reserve will raise interest rates earlier than expected. "Fed pol... Read More
Mid-Day Gold & Silver Market Report – 9/22/2014
METALS NEAR EVEN FOLLOWING MORNING SLUMP The Gold price remains at an eight month low today as an extended rally by the U.S. dollar continues to put pressure on Precious Metals. Though Gold and Silver both rebounded to even levels following morning lows, metals continue to feel the weight of the U.S. dollar currently trading at its highest since mid-2010. The Read More
Morning Gold & Silver Market Report – 9/22/2014
GOLD PRESSURED; CHINESE DATA WORRIES INVESTORS Federal Reserve interest rate speculation is driving the price of Gold down slightly in early-morning trade. The Silver price is likewise down after a large drop Friday. Heraeus said in a note, “(Silver) continues to be in a downward channel currently, without any arguments for a sustained upward development. ETF holdings have also experienced a small setba... Read More
Weekly Gold & Silver Market Recap – 9/19/2014
Precious Metals suffered their third straight week of losses as strength in the U.S. dollar and an ongoing rally for the U.S. dollar weighed heavily on Gold and Silver. Gold will end the week at its lowest level in eight months while the Silver price plummeted below $18 an ounce leaving it at a four-year low. Much of the downward pressure that metals have experienced in recent weeks comes from speculation that the Federal Reserve will begin raising interest rates as earlier as ... Read More
Mid-Day Gold & Silver Market Report – 9/19/2014
DOLLAR REALIZES 10TH STRAIGHT WEEK OF GAINS; GOLD FEELS PRESSURE Precious Metals have fallen again during morning trading as the U.S. dollar and equities markets continue to surge. “Money continues to move into equities, and there is more optimism about the U.S. economy,” Vision Financial Markets director of metal tradin... Read More
Morning Gold & Silver Market Report – 9/19/2014
FAILED SCOTTISH INDEPENDENCE BID BOOSTS STOCKS A ‘no’ vote for independence in Scotland has boosted stocks around the globe, with Precious Metals keeping their typical negative correlation with the stock market in tact by turning downward. The U.S. dollar is also stronger in early-morning trade, continuing its run to a fresh 8-year high. MKS SA head of trading Afshin Nabavi said, “Physical demand is sta... Read More
Closing Gold & Silver Market Report – 9/18/2014
GOLD STEADIES ON SHORT COVERING The Gold price steadied this afternoon as a round of short covering helped level the spot price following Wednesday’s dip that saw the yellow metal retreat to its lowest level since January. Traders interpreted yesterday’s post Federal Open Market Committee meeting commentary to mean... Read More
Mid-Day Gold & Silver Market Report – 9/18/2014
FED WIPES OUT 2014 GOLD PRICE GAINS At the moment, Gold prices look like they are between a rock and a hard place. Both Gold and equity prices were expected to react negatively if the Federal Reserve statement indicated interest rates would rise sooner than expected. When Fed Chair Janet Yellen said rates would remain low for a “considerable time,” this should have been positive for Gold... Read More
Morning Gold & Silver Market Report – 9/18/2014
INTEREST RATE EXPECTATIONS PRESSURE GOLD Hints from the Federal Reserve that interest rates could be rising ahead of schedule caused the Gold price to hit an 8 1/2 month low in overnight trading. The U.S. dollar, conversely, jumped to a four-year high. Mistubishi Corp analyst Jonathan Butler said, “Gold wiped out pretty much all the gains from very early January ... I think that was to be expected given... Read More
Closing Gold & Silver Market Report – 9/17/2014
METALS TAKE HIT AS FED STAYS THE COURSE Precious Metals are on the decline in afternoon trading. The U.S. Federal Reserve’s announcement they will keep interest rates near zero for a “considerable time” has pressured the metals. However, some traders are already moving on and expect the vote on Scotland’s independence to affect Gold’s direction... Read More
Mid-Day Gold & Silver Market Report – 9/17/2014
ALL EYES AWAIT FED NEWS CONFERENCE Gold and Silver prices are showing little movement, while the U.S. stock market is losing early morning momentum, as all eyes await the Federal Reserve statement scheduled to be released at 2 p.m. (ET). Thirty minutes after the release of the Fed statement, Fed Chair Janet Yellen will conduct a news conference. "I guess the market is anticipating a loosey-go... Read More
Morning Gold & Silver Market Report – 9/17/2014
GOLD FLAT AHEAD OF FED DECISION Gold is mostly flat in early-morning trading ahead of a Federal Reserve decision at the conclusion of its policy meeting. VTB Capital analyst Andrey Kryuchenkov mentioned that regardless of the Fed’s likely attempts to talk down interest rate speculation, “The dollar is going to remain stronger against the euro and that is what really impacts the metal.” HSBC noted that t... Read More
Closing Gold & Silver Market Report – 9/16/2014
INTEREST RATE SPECULATION REMAINS FOCUS OF BULLION INVESTORS Gold received a mild bump in price today as the monthly Federal Open Market Committee (FOMC) meeting got underway. Many experts have speculated that the Federal Reserve is ready to begin raising interest rates, which is the reason for the yellow metal’s recent decline. “The wording of ... Read More
Mid-Day Gold & Silver Market Report – 9/16/2014
CHINESE CENTRAL BANK MAY BE BUYING MORE GOLD Many emerging countries have been buying Gold in order to increase the Gold allocation of their foreign reserve currency. China may soon follow. The Chinese have not reported their Gold holdings since 2009. At that time, the Chinese central bank was the sixth largest holder of Gold but at the same time Gold only represented 1.1 percent of their foreign reserve currency. China maintains the world’s largest foreign-exchange reserves... Read More
Morning Gold & Silver Market Report – 9/16/2014
METALS GAIN MOMENTUM AHEAD OF FED MEETING Precious Metals are higher through early morning trading. Although Gold has struggled recently, investors await an announcement Wednesday from the Federal Reserve’s two day policy meeting to make their next move. Deutsche Bank analyst Michael Lewis said, “(The) market focus is more on the language of the Fed and whether it will remove that reference to 'considerable time' before any rate increase. But if there is any Read More
Closing Gold & Silver Market Report – 9/15/2014
GOLD REMAINS STEADY AS INVESTORS AWAIT FED MEETING Precious Metals prices are treading water ahead of this week’s Federal Open Market Committee meeting. The monthly policy summit will convene to discuss the future of U.S. monetary policy as set forth by the Federal Reserve. General speculation that this week’s meeting could yield action by the Fed to begin raising U.S. in... Read More
Mid-Day Gold & Silver Market Report – 9/15/2014
CHINA’S INDUSTRIAL OUTPUT SLIPS TO LOWEST LEVEL SINCE 2008 FINANCIAL CRISIS Even investors who do not pay attention to Chinese economic activity should take note of recent data showing Chinese industrial output growth in August slipped to its lowest level since the global financial crisis of 2008. Other Chinese economic data such as property, investment and retail released on the same day also point to slower growth. Chinese officials are downplaying these nu... Read More
Morning Gold & Silver Market Report – 9/15/2014
GOLD UP AHEAD OF FED MEETING Gold’s negative correlation to stocks is in play this morning as the yellow metal rests near an 8-month low. The key news this week is the Federal Open Market Committee (FOMC) meeting scheduled to conclude Wednesday, with a policy decision and press conference to follow. ABN Amro analyst Georgette Boele said, “Gold's losses on Friday were mostly due to the dollar's rally... ... Read More
Weekly Gold & Silver Market Recap – 9/12/2014
GOLD & SILVER PRICES FALL ON A STRENGTHENING U.S. DOLLAR & EASING GEOPOLITICAL TENSIONS Gold and Silver prices took a big step back this week with prices dropping from Monday’s opening prices. The loose monetary policies in Europe, China and Japan continue to de-value their currencies and conversely drive the U.S. dollar to highs we have not seen as of late. Safe-haven appeal is moving out of other currencies and into the U.S. dollar. Safe-haven concer... Read More
Mid-Day Gold & Silver Market Report – 9/12/2014
GOLD DECLINES ON POSITIVE U.S. ECONOMIC OUTLOOK As the U.S. economy continues to show signs of growth and stability, safe haven assets such as Gold are feeling the pressure. The yellow metal dropped to an eight month low this morning on news such as September’s consumer confidence, which a Bloomberg survey of economists showed was b... Read More
Morning Gold & Silver Market Report – 9/12/2014
GOLD TO BECOME ‘USEFUL INDICATOR’ ONCE AGAIN The Gold price fell to a 7 1/2 month low in overnight trading on interest rate speculation and a stronger U.S. dollar. UBS said in a note, “For much of this year, investors and speculators struggled to have a clear Gold call, either of a long or short persuasion, and the metal's direction has been determined more by technicals, positioning and momentum, amids... Read More
Closing Gold & Silver Market Report – 9/11/2014
SILVER DIPS TO 14-MONTH LOW Precious Metals continue their descent as further speculation regarding a hike in U.S. interest rates has pressured bullion prices. Gold has fallen to a 7 1/2 month low while Silver has dipped to its lowest level in 14 months. With concerns over geopolitical turmoil easing over the last week, the ex... Read More
Mid-Day Gold & Silver Market Report – 9/11/2014
GOLD, SILVER PRICES CONTINUE SLIDE ON STRONG DOLLAR The U.S. dollar is trading at a 14-month peak today, while, expectedly, Gold is at a 7 1/2 month low. In fact, all Precious Metals are lower in morning trading as the unexpected rise in U.S. jobless claims could not offset the perceived easing of tensions in Ukraine. "Broadly speak... Read More
Morning Gold & Silver Market Report – 9/11/2014
GOLD HITS LOWEST IN SEVEN MONTHS The Gold price is down slightly in early morning trading, though the dip was enough to bring the yellow metal to its lowest price in more than seven months. Some analysts believe that Gold is one deciding factor away from turning positive. HSBC said in a note, “While Gold may face further pressure in the current macro environment, a pick-up in physical demand would help ... Read More
Closing Gold & Silver Market Report – 9/10/2014
INTEREST RATE SPECULATION CONTINUES TO WEIGH ON METALS Gold is trading near even today, though the yellow metal remains under pressure as many investors believe strong economic data will influence the Federal Reserve to raise lending rates sooner than expected. Gold bugs and equities investors alike are eyeing this month’s Read More
Mid-Day Gold & Silver Market Report – 9/10/2014
GOLD SLIDES TO 3-MONTH LOW AS DOLLAR HOLDS NEAR HIGHS Currency devaluations in the Eurozone, Japan and other parts of the world continue to support and strengthen the U.S. dollar. The strengthened dollar has driven Gold and Silver prices down. Gold and Silver prices both are drifting lower this morning with Gold hitting a 3-month low. Platinum is also taking a beatin... 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.
