Precious Metals Market Reports
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
Morning Gold & Silver Market Report – 9/10/2014
CONTRARIANS SEE POSSIBLE GOLD RALLY The Gold price is mostly flat in early-morning trading. MarketWatch’s Mark Hulbert believes that, from a contrarian point of view, Gold is ready to turn the corner. He notes that short-term investors are exiting the Gold market. He continues, “As a result, the market-timing community on b... Read More
Closing Gold & Silver Market Report – 9/9/2014
INTEREST RATE WOES, TECHNICAL SELLING CAUSES WAVERING GOLD PRICE The Gold price has been oscillating positive and negative territory today as technical selling and expectations for higher U.S. interest rates continue to weigh on Precious Metals. “The market was pressured by technical selling pressure, including sell stops being triggered when chart support levels were breached,” one analyst said. “The surging U.S. dollar index, which hit another 13-month high Monday, w... Read More
Mid-Day Gold & Silver Market Report – 9/9/2014
GOLD, STOCKS DOWN AS DOLLAR RISES The Gold price fell near three-month lows in morning trading as investors kept a close eye on geopolitical tensions between Ukraine and Russia. The U.S. dollar is stronger, putting pressure on the Gold price. Citi analyst David Wilson said, “Gold [has been] doing better than a lot of people thought because investors think that the interest rate rise in the U.S. will be ... Read More
Morning Gold & Silver Market Report – 9/9/2014
METALS MOVING UP AS DOLLAR GAINS Precious Metals are trading slightly higher through early morning trading. Investors continue to monitor unrest around the world, while a lack of new news and a recent move up by the U.S. dollar is providing pressure to the metals. OCBC Bank analyst Barnabas Gan said, “Gold appears to be testing its $1,250 an ounce support handle, and any break b... Read More
Closing Gold & Silver Market Report – 9/8/2014
GOLD SLIPS AS DOLLAR CONTINUES TO STRENGTHEN The Gold price is down again today as the U.S. dollar continues to rally. Even as disappointing payroll data from Friday gave reason to pause among some investors, geopolitical turmoil seems to be temporarily quelled leaving little available to motivate higher Precious Metals prices. "It’s the s... Read More
Mid-Day Gold & Silver Market Report – 9/8/2014
GOLD & SILVER PRICES CONTINUE TO SLIDE Gold and Silver prices continue to slip in morning trading despite continuing geopolitical threats in Ukraine and the Gaza Strip. An underreported, yet interesting development in Scotland could have an effect on Gold prices later this month. Scotland’s voters go to the polls on September 18 to decide whether they should break away from the United Kingdom, or not. Scottish supporters for independence took a poll over the weekend and... Read More
Morning Gold & Silver Market Report – 9/8/2014
GEOPOLITICS, DISAPPOINTING DATA NOT BOOSTING GOLD The Gold price is slightly lower in morning trading, which is confusing to analysts who are accustomed to Gold finding support in geopolitical tensions and disappointing economic data. Edward Meir of INTL FCStone said, “Curiously, geopolitical tensions do not seem to be providing it with much of a bid, and we suspect that this is because the apparent political upheavals are Read More
Weekly Gold & Silver Market Recap – 9/5/2014
GOLD TO 2 ½ MONTH LOW AS DOLLAR STRENGTHENS The short holiday week began with the U.S. dollar jumping to a one-year high Tuesday morning, forcing Gold down to its lowest level in 2 ½ months. Strength in the dollar and ongoing confidence among U.S. equities offset concerns about escalating tensions between Ukraine and Russia. “It's when the dollar hits big numbers that Gold gets punished and this is clearly one of those moments,” Ross Norman, CEO of bullion broker Sharps Pixl... Read More
Mid-Day Gold & Silver Market Report – 9/5/2014
GOLD STEADY DESPITE WEAK JOBS DATA Gold is trading near even levels today even as last month’s government payroll reports showed the fewest number of jobs added for all of 2014. “Previous data had suggested the economy was gaining traction, but today’s number is a bit of a disappointment, and the Fed may have to maintain lower interest rates,” Chris Gaffney, the senior market strategist at EverBank Wealth Management, said. “This is a good number for gold.” Read More
Morning Gold & Silver Market Report – 9/5/2014
DISAPPOINTING JOBS REPORT BOOSTS GOLD A largely disappointing number of jobs were created in August, allowing the Gold price to recover from some losses incurred earlier in the week. The U.S. Labor Department reported an increase of 142,000 jobs to the economy. Many economists had expected a level near 228,000 or more. U.S. stock f... Read More
Closing Gold & Silver Market Report – 9/4/2014
ECB POLICY WEIGHS ON METALS AS GOLD SUPPLY COULD SEE SHORTAGE Strength in the U.S. dollar has once again marginalized the demand for bullion as the greenback climbed to its highest level since July 2013. The yellow metal was in positive territory until news from Europe revealed plans by the European Central Bank to cut interest rates and... Read More
Mid-Day Gold & Silver Market Report – 9/4/2014
CONFLICTING FACTORS CONTINUE TO CONFUSE METALS Precious Metal prices are continuing to fight to regain footing through mid-day trading. Weaker than expected U.S. jobs data along with the announcement the European Central Bank (ECB) cut interest rates to record lows have sent metals looking for direction. Mitsubishi Corp analyst Jonathan Butler ... Read More
Morning Gold & Silver Market Report – 9/4/2014
ECB RATE CUTS, JOBS REPORT PRESSURE GOLD Gold and Silver prices gave up small gains after the release of Automatic Data Processing’s monthly U.S. private-sector jobs report. Though the report showed that fewer jobs than expected were added to the economy in August, the level of 204,000 was positive enough to boost ... Read More
Closing Gold & Silver Market Report – 9/03/2014
METALS CONTINUE TO SEARCH FOR DIRECTION Precious Metal prices continue to rise through afternoon trading as investors monitor news outlets for direction. As traders prepare for the release of U.S. employment data Friday, some are looking at the recent Beige Book, or Summary of Commentary on Current Economic Conditions, for news on the economy. The report states, “Reports from the [12] Federal Reserve Districts indicated that economic activi... Read More
Mid-Day Gold & Silver Market Report – 9/3/2014
GOLD GAINS AS MANY FACTORS COLLIDE The Gold price was slightly higher after morning trading as the yellow metal continues to be pulled in all directions by outside factors. One of those factors, the ongoing situation between Ukraine and Russia, is also affecting the Palladium price. Russia is the world’s largest producer of the metal commonly used in the automobil... Read More
Morning Gold & Silver Market Report – 9/3/2014
GOLD FLAT AMID RUSSIA-UKRAINE NEWS The Gold price is mostly flat, hovering near a 2 1/2 month low, in early morning trade. Gold seems stuck in the middle between a firmer dollar, which typically drives the price lower, and geopolitical tensions, which typically drive the price higher. The situation between Russia and Ukraine appears to be easing, though there is some confusion. Ukraine said it reached a... Read More
Closing Gold & Silver Market Report – 9/2/2014
INVESTORS AWAIT ECB MONETARY POLICY ANNOUNCEMENT U.S. manufacturing data showed output growing at its fastest pace in three years today. Many investors took this news as a sign of continued growth in the domestic economy and demand for safe-haven assets like Gold was temporarily quelled. Along with ongoing strength among equ... Read More
Mid-Day Gold & Silver Market Recap – 9/2/2014
GOLD TO 2 ½ MONTH LOW AS DOLLAR STRENGTHENS The U.S. dollar rallied to a one-year high this morning, forcing Gold down to its lowest level in 2 ½ months. Strength in the dollar and ongoing confidence among U.S. equities offset concerns about escalating tensions between Ukraine and Russia. “It's when the dollar hits big numbers that Gold gets punished and this is clearly one of those moments,” Ross Norman, CEO of bullion broker Sharps Pixley, said. Domestic and overseas inves... Read More
Weekly Gold & Silver Market Recap – 8/29/2014
Precious Metals endured another week of stagnation as the sluggish summer months continued to plague Gold and Silver prices. The Gold price experienced pressure as U.S. equities rallied forcing the S&P 500 to breach 2,000 for the first time. Gold made a single digit rebound on Thursday as reports indicated intensifying hostility between Ukraine and neighboring Russia. Investors will continue to eye global and domestic economic news and the threat of escalating violenc... Read More
Mid-Day Gold & Silver Market Report – 8/29/2014
GOLD, SILVER & US STOCKS - STUCK IN NEUTRAL Gold and silver prices have been hanging in there despite an increased risk appetite on behalf of investors. The crisis in the Ukraine and the conflict on the Gaza Strip has been key supports for gold prices. Today another support beam was erected as the terror threat in the United Kingdom has bee... Read More
Morning Gold & Silver Market Report – 8/29/2014
SAFE HAVEN BID NOT ENOUGH FOR GOLD Precious Metals are trading slightly lower in early-morning trade as Gold’s safe haven bid has not been enough to support prices. Heraeus trader Alexander Zumpfe said, “Looking at Treasuries, worries about Ukraine are delivering some kind of support. However, I don't think that is strong enough to trigger a more sustainable move into safe havens. Market expectation of ... Read More
Closing Gold & Silver Market Report – 8/28/2014
GOLD GETS BUMP AS UKRAINE CONFLICT OVERSHADOWS ECONOMIC REPORTS Gold is trading higher on Thursday as geopolitical tension and ongoing short-covering forced a mild jump in bullion prices. Overseas conflicts have again taken center stage as safe-haven buying was spurred when the Ukrainian president publicly announced that the Russian military has invaded his country and is ... Read More
Mid-Day Gold & Silver Market Report – 8/28/2014
TENSIONS OVERSHADOW POSITIVE DATA Gold and Silver prices have fallen slightly in morning trading, though both are still holding on to solid gains. Michael O’Rourke, of Jones Trading, believes that Gold is merely treading water before entering into heavy competition with another store of value. “The end of quantitative easing in the fall will create anoth... Read More
Morning Gold & Silver Market Report – 8/28/2014
SOFTER DOLLAR, RISING TENSIONS BOOST GOLD A softer dollar and rising tensions between Ukraine and Russia have the Gold price close to reclaiming the $1,300 per ounce level. Societe Generale analyst Robin Bhar said, “The metal rebounded today, testing the resistance around the $1,290 [per ounce] level because obviously the dollar is a bit softer and there has been some further skirmishes along the Ukrain... Read More
Closing Gold & Silver Market Report – 8/27/2014
GEOPOLITICAL CONCERNS KEEP INVESTORS FOCUSED ON GOLD; IS A MARKET CORRECTION NEAR? Precious Metals remained flat throughout trading Wednesday with minimal news to affect prices. Investors were driven to risker assets due to a weaker U.S. dollar and concern that the European Central Bank may lean towards additional fiscal policy. Geopolitical tension continues even though Ukraine and Russia agreed to work together to end further conflict in the eas... Read More
Mid – Day Gold & Silver Market Report – 8/27/2014
GOLD GETS BREATHER AS EQUITIES LOSE MOMENTUM Precious Metal prices continue trading flat through midday. A little over two weeks after the dollar index reached a 13-month high, today’s retreat has provided breathing room for Gold. Afshin Nabavi, head of trading at MKS, said, “The market is looking closely at the dollar ... it's probably worth $10-20... Read More
Morning Gold & Silver Market Report – 8/27/2014
GOLD ‘LIKE THE ROCKY BALBOA RIGHT NOW’ The Gold price is mostly flat in early-morning trading. With surrounding factors seemingly piling up against Gold, some analysts believe that its resiliency is a bullish sign. Jeff Kilburg of KKM Asset Management said, “I think the resiliency in Gold has been tremendous. Look at every reason the bears have had to sell it — and they have not been victorious. So I li... Read More
Closing Gold & Silver Market Report – 8/26/2014
GOLD GETS BUMP ON SHORT-COVERING Following several sessions of lower prices, Gold has rebounded slightly today due to a round of short-covering. There is currently a lack of motivating factors on the horizon for Precious Metals during this last week of August. Many analysts expect the remainder of the week to be fairly uneventful even a... Read More
Mid – Day Gold & Silver Market Report – 8/26/2014
GOLD & SILVER STILL POSITIVE BUT GIVE UP MORNING GAINS Gold and Silver prices are hanging on to their morning gains despite a booming U.S. stock market. Yesterday the S&P 500 crossed the 2,000 mark for the first time ever and continues to extend gains today. The Dow hit an all-time high during morning trades. A better than expected durable goods report kicked off the stock surge. "Today's report, whi... Read More
Morning Gold & Silver Market Report – 8/26/2014
METALS RISING AHEAD OF DATA Precious Metal prices are opening the day higher, gaining back yesterday’s losses on chart-based buying. Although recent geopolitical tensions in the Middle East and Ukraine have dominated recent headlines, some feel they are failing to stir investor demand. Tokyo’s Standard Bank branch manager Yuichi Ikemizu said o... Read More
Closing Gold & Silver Market Report – 8/25/2014
PRECIOUS METALS FLAT WITH GOLD BUGS SIDELINED Precious Metals prices remain relatively unchanged Monday as strength in the U.S. dollar and interest rate speculation keep investors sidelined. Gold, in particular, continues to hover near a two-month low as analysts await renewed interest in the yellow metal. Though Gold has been largely range bound for the last sev... Read More
Mid-Day Gold & Silver Market Report – 8/25/2014
GOLD STAYS ABOVE $1275; S&P CLEARS 2000 FOR FIRST TIME Gold and Silver prices are slightly lower, but considering this morning’s surge in stock prices, not as low as might be expected. The stock market is up triple digits and the S&P cleared 2000 for the first time ever. One veteran trader not impressed by the stock rally is Art Cashin, director of floor operations at the NYSE for UBS, &qu... Read More
Morning Gold & Silver Market Report – 8/25/2014
GOLD STEADY AMID RISING DOLLAR, STOCKS The Gold price held steady near a two-month low in the face of a stronger U.S. dollar in early-morning trading. Saxo Bank senior manager Ole Hansen said, “Gold is holding well above support at $1,271 [per ounce] considering the perfect storm of negative gold news last week when we had rising stocks, rising bond yields, strong economic data from the U.S. and a firme... Read More
Weekly Gold & Silver Market Report – 8/22/2014
UKRAINE TENSION EASES Several factors were responsible for pushing Gold below $1,300 an ounce Monday, such as a stronger U.S. dollar and European and U.S. shares bouncing due to tensions easing in Ukraine. Gold has jumped nearly eight percent this year as investors have opted for the safe haven asset with concerns growing in Ukraine and the Middle East. For the first time in three weeks, hedge funds and money man... Read More
Mid-Day Gold & Silver Market Report – 8/22/22014
RUSSIA BUYS $400 MILLION IN GOLD TO BOOST RESERVES Russia has just added 9.4 tons of Gold valued at $400 million to its Gold reserves. This is the fourth consecutive month that Russia has expanded their Gold holdings. Russia now holds 1,104 tons which is the fifth largest moving ahead of China. (China has not reported their Gold hol... Read More
Morning Gold & Silver Market Report – 8/22/2014
GOLD RECOVERS AFTER FIVE DAYS OF LOSSES Precious Metals are recovering in early-morning trading after five days of losses. This week, Gold is still on track for its biggest weekly loss in five after strong U.S. economic data and speculation over Federal Reserve interest rates. Fed Chairwoman Janet Yellen is due to give a speech at Jackson Hole, Wyo. today, and Macquarie analyst Matt Turner believes it w... Read More
Closing Gold & Silver Market Report – 8/21/2014
GOLD LOWER AS FED INTEREST RATE POLICY EXPECTED TO STRENGTHEN DOLLAR The anticipation of higher U.S. interest rates helped elevate the dollar versus competing world currencies today. The stronger dollar forced Gold down nearly $20 an ounce at one point to its lowest level in two months. “Any hint that there’ll be more definitive action coming from the Fe... Read More
Mid-Day Gold & Silver Market Report – 8/21/2014
GOLD & SILVER PRICES CONTINUE TO SLIDE ON FED EXPECTATIONS Gold and Silver prices fell sharply in morning trading and although declines have continued, the pace of decline has slowed. The bad news for Gold is good news for stocks. The S&P 500 topped a record level this morning. The expectations that the Fed will raise inter... Read More
Morning Gold & Silver Market Report – 8/21/2014
GOLD DOWN, STOCKS UP ON INTEREST RATE SPECULATION The Gold price is trading near a two-month low due to a strengthening U.S. dollar and economic data. The weekly jobless claims report showed fewer than 300,000 new claims for the third time in five weeks. One Precious Metals trader said, “Gold had already been under pressure from the dollar. Onc... Read More
Closing Gold & Silver Market Report –8/20/2014
FED MINUTES INDICATE RATE HIKE COULD BE SOONER THAN EXPECTED The Gold price fell to a two-week low as investors speculate an interest rate hike may come sooner than expected. After the release of the minutes from the Federal Reserve’s July policy meeting, Gold came under pressure as non-interest earning assets like Precious Metals re... Read More
Mid-Day Gold & Silver Market Report –8/20/2014
PRECIOUS METALS STAGNANT AHEAD OF FED MINUTES Precious Metal prices remain stagnant ahead of the soon to be released Federal Reserve minutes from July’s policy meeting. As traders prepare for the much anticipated two-day Fed policy meeting beginning tomorrow in Jackson Hole, Wyoming, many hope minutes from July’s meeting will hint at the Federa... Read More
Morning Gold & Silver Market Report – 8/20/2014
GOLD STILL STUCK IN RANGE The Gold price and U.S. stock futures are mostly flat in early-morning trading, but the Silver price is recovering more rapidly from recent losses. Heraeus trader Alexander Zumpfe said, “(Gold is under pressure from) a combination of the stronger dollar, together with ongoing weak demand. It's a bit frustrating from a trading perspective - it's not only range trading, this rang... Read More
Closing Gold & Silver Market Report –8/19/2014
GOLD TRIMMED ON STOCK RALLY AS INVESTORS EYE JACKSON HOLE Increased risk appetite has weighed on Precious Metals and lifted stocks today as strong U.S. housing data influenced a temporary move away from Gold and Silver. The Gold price continues to hover around $1,300 an ounce as investors and traders alike mull over geopolitical tensions abroad and domestic economic data for signs of future market movement. Many investors will be eyeing the outcome of this week’s... Read More
Mid-Day Gold & Silver Market Report –8/19/2014
GOLD & SILVER HEAD LOWER Gold and Silver began the day attempting to push upward, but have since given up gains on the strengthening U.S. dollar. The U.S. dollar and Gold generally move in different directions and today is no exception. The U.S. dollar hit a nine-month high against the euro and rose against the basket of major currencies as well. Stronger than e... Read More
Morning Gold & Silver Market Report – 8/19/2014
METALS MOVE AS INVESTORS LOOK TO FED FOR DIRECTION Precious Metals prices are gaining through early morning trading. After two consecutive days of losses, Gold prices are rebounding as investors continue to monitor volatile political situations around the world. Also on investors’ minds are U.S. data being released today and Federal Reserve chairwoma... Read More
Closing Gold & Silver Market Report – 8/18/2014
UKRAINE TENSION EASES; FED COULD SET DATE TO RAISE RATES Several factors are responsible for pushing Gold below $1,300 an ounce today, such as a stronger U.S. dollar and European and U.S. shares bouncing due to tensions easing in Ukraine. Gold has jumped nearly eight percent this year as investors have opted for the safe haven asset with concerns growing in Ukraine and the Middle East. For the fir... Read More
Mid-Day Gold & Silver Market Report – 8/18/2014
STOCKS BOOM; GOLD, SILVER COMPLACENT Global equity markets are up across the board and the U.S. markets are no exception. The Nasdaq Composite rose to a 13 year high while oil is at its lowest in almost a year. Stories coming out of Ukraine and the Middle East indicate an easing of geopolitical tensions and the markets are reacting favorably. “The largest of the drivers is really a reversal of our concerns on Fri... Read More
Morning Gold & Silver Market Report – 8/18/2014
METALS FLAT AHEAD OF FED MEETINGS Precious Metals are trading relatively flat through early morning trading. News out of Europe that tensions in Ukraine are cooling pressured the metals but a drop in U.S. Treasury yields along with a relatively flat dollar is helping Gold stay around $1,300. When asked if the news would affect the Federa... Read More
Weekly Gold & Silver Market Report – 8/15/2014
GOLD REMAINS FLAT AS INVESTOR SENTIMENT INCREASES FOR JULY Precious Metals traded near even Monday as lack of news in the headlines kept price movement to a minimum. Investors continue to eye geopolitical crises in the Middle East and Ukraine as bearish forecasts from major financial institutions in early 2014 continue to prove inacc... Read More
Mid-Day Gold & Silver Market Report – 8/15/2014
GOLD, SILVER & STOCKS ON A ROLLER COASTER RIDE THIS MORNING Gold began the day well below $1,300 and down almost $20. Silver looked like it might head below $19 and all the while U.S. Stocks were up nicely. Since then, stocks are down triple digits and Gold and Silver rebounded sharply on news coming out of Ukraine that Ukrainian artillery destroyed a significant portion of a 270 truck Russian con... Read More
Morning Gold & Silver Market Report – 8/15/2014
PRICES LOWER ON TENSIONS; NEW SILVER FIX CAUSES CONFUSION The Gold price is lower in early morning trading, though it remained near the key psychological $1,300 per ounce mark. One Precious Metals trader said, “Gold will be well-supported above $1,300 on underlying geopolitical tensions. Some weak data in the last few days is also helping. But if equity mar... Read More
Closing Gold & Silver Market Report – 8/14/2014
GOLD FLAT BUT OUTPERFORMING OTHER MAJOR ASSETS IN 2014 The Gold price remains relatively unchanged today, even as a rise in unemployment claims pared speculation that the Federal Reserve will lift interest rates in the near future. “Concerns about the labor market are back,” Phil Streible, a senior commodity broker at R.J. O’Brien &a... Read More
Mid-Day Gold & Silver Market Report – 8/14/2014
PRICES WAITING FOR ‘SIGNIFICANT’ EVENT Gold and Silver prices were little changed in the hours after last week’s jobless claims data was released this morning. Andrey Kryuchenkov, strategist at VTB Capital, said, “We still believe it will take a significant macro event for the market to establish a new trend… In the meantime, in the absence of ... Read More
Morning Gold & Silver Market Report – 8/14/2014
JOBLESS CLAIMS BOOST GOLD Gold and Silver prices increased slightly after this morning’s release of the weekly jobless claims report, which showed a higher-than-expected increase to 311,000 (a six-week high) for last week. The Gold price, in the face of many normal... Read More
Closing Gold & Silver Market Report – 8/13/2014
GOLD FUTURES BOUNCE FOLLOWING WEAK RETAIL SALES NUMBERS Gold futures received a mild boost today following disappointing U.S. retail sales data. The weaker-than-expected retail figures reinforced the belief that the Federal Reserve will maintain low interest rates for the foreseeable future. “The Precious Metal has certai... Read More
Mid-Day Gold & Silver Market Report – 8/13/2014
GOLD STILL EVEN AS ECONOMIC AND GEOPOLITICAL NEWS JOUST The Gold price remains flat for the third straight session. A rise in U.S. equities is weighing on Precious Metals though geopolitical concerns continue to lend a hand in buoying Gold and Silver. Investors and traders are awaiting U.S. retail sales data and news from the Federal Rese... Read More
Morning Gold & Silver Market Report – 8/13/2014
GOLD HIGHER AS ‘EURO IN DIRE STRAITS’ Gold and Silver prices and U.S. stock futures are higher in early-morning trading. Saxo Bank senior manager Ole Hansen said of Gold, “It seems that the $1,308-9 [per ounce] level has become a bit of a magnet to the market as it is not any clearer what the focus should be at the moment. The geopolitical tensions do have their moments of impact but they just don't last too long … the euro is in dire straits from an inflation poin... Read More
Closing Gold & Silver Market Report – 8/12/2014
GOLD IN STALEMATE AS SUMMER DOLDRUMS GRIP MARKETS The Gold price remains relatively unchanged for a second straight session as the historically low-volume summer months plague Precious Metals markets. Analysts usually expect volume to pick up toward the beginning of September. With U.S. forces stepping in to assist against rebels in Iraq and ... Read More
Mid-Day Gold & Silver Market Report – 8/12/2014
GOLD GOING UP, STOCKS HEADING DOWN After a period of varying risk in the markets, today Gold is on the upswing as Ukraine is not allowing a convoy of 280 Russian trucks, claiming to carry humanitarian aid, across its border. Ukrainian officials would prefer Russia follow international rules, which would require the convoy be led by the R... Read More
Morning Gold & Silver Market Report – 8/12/2014
GOLD RISES WITH RUSSIA AND UKRAINE DISTRESS; GLOBAL OIL DEMAND DECREASES Precious Metal prices are on the rise this morning as geopolitical concerns grow between Russia and Ukraine. According to the Center for European Economic Research or ZEW, investor morale has reached its lowest point since December 2012 in Germany, which pushed the euro lower and in turn has forced Germany to contemplate how the Ukraine predicament could impact the economy and future business.... Read More
Closing Gold & Silver Market Report – 8/11/2014
GOLD REMAINS FLAT AS INVESTOR SENTIMENT INCREASES FOR JULY Precious Metals are trading near even today as a lack of news headlines keeps price movement to a minimum. Investors continue to eye geopolitical crises in the Middle East and Ukraine as bearish forecasts from major financial institutions from early 2014 continue to prove ina... Read More
Mid-Day Gold & Silver Market Report – 8/11/2014
CHINESE SILVER INVENTORIES SEVERELY DEPLETED AT SHANGHAI FUTURES EXCHANGE Silver inventories are depleted by nearly 90 percent at the Shanghai Futures Exchange. Inventories are growing increasing tight as they continue to fall to record low levels. It is important to note... Read More
Morning Gold & Silver Market Report – 8/11/2014
GOLD FLAT AMID EASING TENSIONS Gold and Silver prices are relatively flat in early-morning trading due to easing tensions between Russia and Ukraine. Russia has ended its military operations near the Ukrainian border, which were highly criticized by other countries as a reason for some of the tensions. Though some analysts believe this situation is the sole reason for Gold’s price increase over the past... Read More
Weekly Gold & Silver Market Report – 8/8/2014
GOLD LOWER ON EARLY STOCK RALLY The Gold price began the week slightly down as global stocks surged following last week’s downturn. With geopolitical turmoil in place as the central factor keeping metals prices afloat, many investors continue to ponder the U.S. interest rate scenario. "Unless there is further serious unrest in any of the trouble spots in the world...we remai... Read More
Mid-Day Gold & Silver Market Report – 8/8/2014
GOLD WAVERS AS GOOD NEWS IN UKRAINE BALANCES AIRSTRIKES IN IRAQ Gold and Silver have come off strong early morning rallies, while stocks are reacting favorably on news the U.S. would begin military strikes in Iraq. Since then, tensions appear to be easing in Ukraine and the U.S. involvement in Iraq may be less than first anticipated. "Iraq is a tragedy, but [President Barack Obama] made clear our engagement ... Read More
Morning Gold & Silver Market Report – 8/8/2014
PRICES WHIPSAW ON GEOPOLITICS, DATA The Gold price hit a 3 1/2 week high earlier this morning after last night’s announcement that President Barack Obama authorized air strikes in Iraq. Sharps Pixley CEO Ross Norman said, “We keep seeing some strength in Gold prices on geopolitical tensions but we constantly see rallies fade... before the important $1,345 [per ounce] level. We've come through some techn... Read More
Closing Gold & Silver Market Report – 8/7/2014
GOLD HIGHER, STOCKS RETREAT AS U.S. THREATENS FURTHER SANCTIONS ON PUTIN The Gold price is trading higher for the second straight session as ongoing weakness among U.S. equities increased the safe-haven demand for Precious Metals. The retreat from stocks into Gold and Silver is partly influenced by escalating geopolitical tension s... Read More
Mid-Day Gold & Silver Market Report – 8/7/2014
NATO SAYS RUSSIA SET TO INVADE UKRAINE Gold prices bounced off lows this morning on NATO’s warning that Russia is set to invade eastern Ukraine. Russia has massed some 20,000 troops on the pretext of mounting a humanitarian mission, but NATO officials are not buying it. Oana Lungescu, a NATO spokesman, said... Read More
Morning Gold & Silver Market Report – 8/7/2014
GOLD RETAINS $1,300 PER OUNCE MARK The Gold price is lower this morning, though it still clings to the psychological $1,300 per ounce level. As the dollar firms, pressure increases on the Gold price. Deutsche Bank global head of commodity research Michael Lewis said, “There are a lot of crosswinds going on for Gold. You have long-term U.S. real yields going down to new lows and geopolitics, which should... Read More
Closing Gold & Silver Market Report – 8/6/2014
GOLD HOLDS AS RUSSIAN FEARS MOUNT Precious Metal prices continued to show strength through afternoon trading. As tensions between Ukraine and Russia escalate, investors are avoiding riskier assets and turning to Gold as a safe haven. Charlie Bilello, director of research at New York-based Pension Partners LLC, said in a phone interview,... Read More
Mid-Day Gold & Silver Market Report – 8/6/2014
GOLD JUMPS BACK OVER $1,300 WHILE SILVER CLEARS $20 The escalating situation in Ukraine is putting a scare in the global equity markets while at the same time boosting Gold and Silver. Gold jumped up 1.6 percent early in the day and has maintained this level. It is reported that Russia has 20,000 troops on Ukraine’s eastern border and it is anyone’s guess as to what... Read More
Morning Gold & Silver Market Report – 8/6/2014
GOLD RECLAIMS $1,300 PER OUNCE MARK The Gold price is reacting strongly to increased tensions between Russia and Ukraine as it reclaimed the $1,300 per ounce mark. Tensions increased after Russian President Vladimir Putin warned of retaliatory measures against sanctions put in place by the U.S. and Europe. With Gold’s safe haven appeal primarily boosting the price, if U.S. stocks continue to fall, some ... Read More
Closing Gold & Silver Market Report – 8/5/2014
GOLD BACK TO EVEN AS STOCK SELLOFF BOOSTS DEMAND The Gold price has rebounded from morning lows as a dip in bond yields pushed the dollar lower and a broad selloff of equities increased demand for bullion. Though the yellow metal has benefited primarily from the presence of geopolitical turmoil in Ukraine and the Middle East during 2014, economic motivators will ultimately need to facilitate the advance of ... Read More
Mid-Day Gold & Silver Market Report – 8/5/2014
GOLD & SILVER PRICES FALL SLIGHTLY – STOCKS REVERSE & HEAD LOWER Gold and Silver prices are lower in morning trading as they continue past week’s trend of trading in a tight range. The threat of the Fed raising interest rates push prices lower, while the geopolitical tensions in the Middle East and the Ukraine provide price support. Stocks began the day wanting to go up on data from the ISM report, but the above mentioned fears of increased interest r... Read More
Morning Gold & Silver Market Report – 8/5/2014
METALS FLAT AS INVESTORS AWAIT DIRECTION Precious Metals prices are trading relatively flat through early morning trading. Although geopolitical tensions are continuing to rise in the Middle East and other parts of the world, investors are returning to stocks a week after a big dip in major indexes. David Govett of Marex Spectrum said, “Psychologica... Read More
Closing Gold & Silver Market Report – 8/4/2014
PRICES ON THE RISE DESPITE FED DASHBOARD Sara Eisen, writing for CNBC, brings an interesting view on inflation. She points out that now that we have heard the earnings report from more than three quarters of the companies, there is an easy to spot trend. Companies across all industries are raising prices on the consumer. Hershey and Mars are passing along rising costs of cocoa, dairy an... Read More
Mid-Day Gold & Silver Market Report – 8/4/2014
GOLD LOWER ON EARLY STOCK RALLY The Gold price is down slightly to open the week as global stocks surged following last week’s downturn. With geopolitical turmoil in place as the central factor keeping metals prices afloat, many investors continue to ponder the U.S. interest rate scenario. "Unless there is further serious unrest in any of the trouble spots in the world...we remain pretty mu... Read More
Morning Gold & Silver Market Report – 8/4/2014
GOLD SHINING AS AN ALTERNATIVE INVESTMENT Gold and Silver prices are relatively flat in morning trading as investors and analysts try to predict when the U.S. Federal Reserve will raise interest rates. Saxo Bank analyst Ole Hansen said, “…[W]e are seeing bond yields falling again and stock markets have shown signs of weakness over the past week. This could potentially sway some investors back into Gold,... Read More
Weekly Gold & Silver Market Report – 8/1/2014
HEAVY WEEK OF ECONOMIC NEWS The Gold price began the week on a high note following a slight loss as a stronger U.S. dollar put pressure on the yellow metal. The week was full of extensive economic data and events, which was expected to provide clues to when the Federal Reserve would increase interest rates. The Fed’s policy meeting concluded Wednesday, the same day that second-quarter gross domestic product data ... Read More
Mid-Day Gold & Silver Market Report – 8/1/2014
METALS ON THE MOVE AFTER JOBS DATA Precious Metal prices are continuing to fluctuate through mid-day trading. After today’s jobs report confirmed the U.S. economy added fewer jobs than expected in July, Gold futures are rebounding from six-week lows. Macquarie analyst Matthew Turner said, “Yesterday there were some thoughts that interest rates might rise more ... 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.
