Precious Metals Market Reports
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
Morning Gold & Silver Market Report – 8/1/2014
JOBS REPORT DISAPPOINTS DESPITE MILESTONE Gold and Silver prices recovered from early losses after the highly anticipated jobs report. Though the U.S. Labor Department’s jobs report released this morning showed the first time since 1997 that the economy has seen 200,000-plus gains in six straight months, the 209,000 jobs added in July missed the ma... Read More
Closing Gold & Silver Market Report – 7/31/2014
GOLD COULD BE STRONG BET AS STOCKS TUMBLE AND IMPROVEMENT GOES UNREALIZED The Gold price dipped lower today as the yellow metal is set to post a 3.1 percent loss for the month of July. Strong U.S. employment numbers added to the current downward pressure on Precious Metals. Though reports point to a rebound in the U.S. economy, Read More
Mid-Day Gold & Silver Market Report – 7/31/2014
GOLD DROPS ON ECONOMIC DATA; WAGE GROWTH DAMPENS CONFIDENCE Gold has fallen today due to U.S. jobless claims dropping over the past month. Additionally, the Federal Reserve confirmed yesterday their plans to keep interest rates low as labor conditions continue improving. Gold has always been sought during economic uncertainty, such as from fall of 2008 until June 2011 when Read More
Morning Gold & Silver Market Report – 7/31/2014
CITI ANALYST MAKES CASE FOR GOLD Precious Metals and U.S. stocks fell after the release of the weekly jobless claims report, which showed 302,000 new claims were filed the week ended July 26. Last week saw a 14-year low for jobless claims, so many expected this week’s increase. July is a notoriously volatile month for jobless claims du... Read More
Closing Gold & Silver Market Report – 7/30/2014
METALS FLAT AFTER DATA, FED ANNOUNCEMENT Precious Metal prices finished the day trading mostly sideways. After the Federal Reserve hinted toward their plan to continue tapering asset purchases and maintain an easy monetary policy, stocks and Precious Metals wavered slightly. However, with jobs data being released Friday, many will keep a watchful eye. Bruce McCain, chief investment strategist at Key Private Bank, sa... Read More
Mid-Day Gold & Silver Market Report – 7/30/2014
GOLD, STOCKS SETTLE LOWER AHEAD OF FED ANNOUNCEMENT The Gold price is trading slightly lower today as a government report citing a better-than-expected GDP increase quelled bullion demand for the second straight session. The news may have had a downward impact on Precious Metals, but geopolitical tension in Ukraine and the Middle East co... Read More
Morning Gold & Silver Market Report – 7/30/2014
METALS PRICES FLUCTUATE WITH DATA Gold and Silver prices have endured rocky terrain in morning trading. First, the ADP private-sector jobs report showed a disappointing increase of 218,000 jobs in July, and Gold and Silver were flat. Then, an announcement that Read More
Closing Gold & Silver Market Report – 7/29/2014
GOLD LOWER AS INVESTORS AWAIT FED MEETING OUTCOME The Gold price retreated from a one-week high today as investors eye the outcome of the Federal Reserve’s policy meeting tomorrow. Though geopolitical turmoil in the Middle East and Ukraine continues to assist in buoying Gold and Silver, hawkish comments from Fed Chairwoman Janet Yellen regarding... Read More
Mid-Day Gold & Silver Market Report – 7/29/2014
GEOPOLITICAL TENSION VS. TECHNICAL TRADING Gold and Silver gave up early gains on technical trading and economic data news this morning. Speaking to short-term traders of Gold contracts, Standard Bank’s Walter de Wet said, “While the futures market is likely to drive the metal price only in the short term (with fundamental factors driving the price in th... Read More
Morning Gold & Silver Market Report – 7/29/2014
METALS UP AS HOME PRICES DOWN Precious Metals are showing small gains and are higher through early morning trading. As investors prepare for a week full of closely watched economic data, speculation on the direction of metals is growing while geopolitical turmoil continues to dominate the news. Commerzbank analyst Daniel Briesemann said, “I'm actually surprised th... Read More
Closing Gold & Silver Market Report – 7/28/2014
GOLD, EQUITIES EVEN AS MARKETS AWAIT FED ANNOUNCEMENT Gold is trading flat today as investors weigh geopolitical turmoil and await the Federal Reserve’s monthly policy meeting later this week. Though there are pervasive expectations for another $10 billion reduction in stimulus measures, most investors are anxiously awaiting news on the future of U.S. interest rates. In his latest analysis, Mit... Read More
Mid-Day Gold & Silver Market Report – 7/28/2014
RUSSIA AND TURKEY ADD MORE GOLD FOR THE THIRD STRAIGHT MONTH Russia and Turkey continue to add to their Gold holdings. According to the International Monetary Fund (IMF), this is the third straight month that both countries have added to their bullion reserves. The drop in June of Gold pric... Read More
Morning Gold & Silver Market Report – 7/28/2014
HEAVY WEEK OF ECONOMIC NEWS AHEAD The Gold price has recovered a slight loss from earlier this morning as a stronger U.S. dollar puts pressure on the yellow metal. The coming week is rife with economic data and events, which will be heavily analyzed for clues to when the Federal Reserve will increase interest rates. The Fed’s policy meeting concludes Wednesday, the same day that second-quarter gross dom... Read More
Weekly Gold & Silver Market Recap – 7/25/2014
GOLD RISES DURING UNCERTAINTY; U.K. EXPECTED TO IMPOSE SANCTIONS ON RUSSIA The Gold price continued to climb Monday as geopolitical tensions grew over the controversial Malaysia Airlines Flight 17 that was supposedly shot down by Ukrainian rebels. U.S. Secretary of State John Kerry confirmed Sunday there is strong evidence suggesting Russia provided the missile that Ukrainian rebels used to shoot down the jet. The safe haven appeal of Gold has been supported by concerns betw... Read More
Mid-Day Gold & Silver Market Report – 7/25/2014
GOLD CREEPS TOWARD $1300; STOCKS TAKE TRIPLE DIGIT LOSS Gold and Silver are rebounding from yesterday’s declines, while the U.S. stock market has bounced slightly off morning lows. There was strong economic data this morning as orders for durable U.S. manufactured goods beat expectations. However, this could not overcome dismal earnings reports from Amazon and Visa. Additionally, conflicts in Ukra... Read More
Morning Gold & Silver Market Report – 7/25/2014
GOLD RECOVERS FROM FIVE-WEEK LOW The Gold price recovered from a five-week low as it climbed closer to the psychological $1,300 per ounce level in early-morning trading. Commerzbank analysts cite the low demand in Asia as a main reason for Gold’s trouble breaking higher. They wrote, “The World Gold Council’s forecasts of Chinese Gold demand, which were issued at... Read More
Closing Gold & Silver Market Report – 7/24/2014
GOLD UNDER PRESSURE AS STOCKS REACH ANOTHER RECORD Gold came under pressure today as signs of global economic improvement temporarily quelled demand for the yellow metal. Strong data out of China coupled with news that U.S. jobless claims plunged to their lowest level since early 2006 to suppress metals prices and boost equities ma... Read More
Mid-Day Gold & Silver Market Report – 7/24/2014
GOLD, SILVER DOWN SHARPLY ON MIXED ECONOMIC NEWS Mixed economic news is messing with the Precious Metals and equities markets. The number of new jobless claims was a pleasant surprise, falling to its lowest in almost nine years. However, new home sales in June also fell at their fastest rate in nearly a year. May’s new home sales data was also revised to show less robust growth. Putting the past two months together would indicate Read More
Morning Gold & Silver Market Report – 7/24/2014
GOLD DOWN AMID 8-YEAR LOW JOBLESS CLAIMS Strong data out of China and the eurozone pressured Gold below the $1,300 per ounce level in early-morning trading. Physical demand for Gold in China increased after the price fell, though is still considered weak when compared to earlier this year. Natixis analyst Bernard Dahdah said, “The market is going to follow very closely any comments from the Federal Rese... Read More
Closing Gold & Silver Market Report – 7/23/2014
METAL PRICES FLAT AS UKRAINE AND ISRAEL DOMINATE HEADLINES Precious Metal prices are holding steady and trading flat through afternoon trading. Although this will be the second straight day Gold futures have declined, continued turmoil in the Middle East and Ukraine have provided support to metals. Blake Robben, a senior market st... Read More
Mid-Day Gold & Silver Market Report – 7/23/2014
GOLD HOLDS STEADY DESPITE TURMOIL IN UKRAINE Investors may be somewhat surprised by the lack of Gold and Silver price volatility in the wake of heightening tensions in both Ukraine and on the Gaza Strip. Pro-Russian rebels shot down two Ukraine fighter jets this morning in the same area where Malaysian Air Flight MH17 was destroyed. Reports say they Read More
Morning Gold & Silver Market Report – 7/23/2014
PRICES FLAT AMID GEOPOLITICAL TENSIONS Gold and Silver prices are mostly flat in morning trading. Commodities analysts at Commerzbank wrote Wednesday that there is only “slight upside potential” in the short term for the yellow metal, but geopolitical tensions, if heightened, could boost Gold’s safe haven appeal. Gold is also... Read More
Closing Gold & Silver Market Report – 7/22/2014
MIDDLE EAST BULLION DEMAND COULD BOOST LONG-TERM GOLD PRICE The Gold price has shifted slightly lower today as speculation regarding a near-term hike in interest rates weighed on the yellow metal. Though Gold is still trading above $1,300 an ounce, higher interest rate expectations are sidelining some Precious Metals investors.... Read More
Mid-Day Gold & Silver Market Report – 7/22/2014
GOLD & SILVER PRICES BOUNCE OFF LOWS AFTER CPI DATA RELEASED The Consumer Price Index (CPI) was released this morning and confirmed market expectations that inflation was rising. Only food and energy prices rose less than market forecasts. Gold and Silver prices had fallen sharply prior to the release of CPI data. Core CPI (excluding food and energy)... Read More
Morning Gold & Silver Market Report – 7/22/2014
PRECIOUS METALS DOWN AHEAD OF DATA Precious Metal prices are trading slightly lower through early morning trading. As investors continue to monitor the fragile situations in Ukraine and Israel, many await with a watchful eye for the release of new U.S. economic data today. Macquarie analyst Matthew Turner said, “An increase in U.S. inflation in the past few months h... Read More
Closing Gold & Silver Market Report – 7/21/2014
EMERGING MARKETS MAY BOLSTER GOLD PRICES - WORST BEHIND US According to a recent research note from BoA/Merrill Lynch, the worst may be over for the Gold market. "After the sharp correction in 2013, gold prices have stabilized this year. Looking at supply and demand dynamics, this was heavily influenced by reduced investor selling at th... Read More
Mid-Day Gold & Silver Market Report – 7/21/2014
GOLD RISES DURING UNCERTAINTY; U.K. EXPECTED TO IMPOSE SANCTIONS ON RUSSIA The Gold price continues to climb as geopolitical tensions grow over the controversial Malaysia Airlines jet that was supposedly shot down last week by Ukrainian rebels. U.S. Secretary of State John Kerry confirmed yesterday there is strong evidence suggesting Russia provided the missile that Ukrainian rebels used to shoot down the jet. The safe haven appeal of Gold has been supported by c... Read More
Morning Gold & Silver Market Report – 7/21/2014
PRECIOUS METALS RECOVER AMID GLOBAL TENSIONS After Gold’s first weekly fall in the past seven weeks, Silver is leading the way of a Precious Metals rebound this morning. VTB Capital analyst Andrey Kryuchenkov said, “Today we are likely to remain in narrow range, with some buying coming in as traders watch the headlines on the geopolitical side.” However, macroeconomic conditions may reenter the fold lat... Read More
Weekly Gold & Silver Market Recap – 7/18/2014
GOLD TUMBLES FOLLOWING WIDESPREAD SELLOFF The beginning of the week began with the Gold price experiencing it’s largest single-session decline of the year as Portuguese banking worries subsided and a rally among stocks influenced a round of profit-taking for Gold and Silver. “A strong stock market and some stability in the EU [are pressur... Read More
Mid-Day Gold & Silver Market Report – 7/18/2014
GOLD, SILVER DROP AS GEOPOLITICAL TENSIONS BECOME OLD NEWS Speculations that the Federal Reserve will raise interest rates sooner than expected have trumped yesterday’s geopolitical fears, causing Gold and Silver prices to fall. Yesterday, Gold jumped sharply on news about the Malaysia Airlines plane crash and Israel ... Read More
Morning Gold & Silver Market Report – 7/18/2014
PROFIT TAKING OVERCOMES GOLD’S SAFE HAVEN APPEAL Precious Metals are trading lower in morning trading after yesterday’s increase. After a Malaysian Airlines flight was reportedly shot down near the tense Ukraine-Russia border yesterday, the Gold price reacted as a safe haven investment normally would. Quantitative Commodity Research’s Peter Fertig said, “There was a spike higher in Precious Metals yeste... Read More
Closing Gold & Silver Market Report – 7/17/2014
MALAYSIA AIRLINES JET CRASH URGES INVESTORS TOWARD SAFE-HAVEN ASSETS Gold bounced back today after news broke that a Malaysia Airlines jet carrying 295 passengers crashed in eastern Ukraine. Investors quickly began to sell stocks and move into safe-haven assets such as U.S. Treasury’s and Gold sparking both to jump immediately. There is still concern that the plane was possibly shot down. At this time, Ukrainia... Read More
Closing Gold & Silver Market Report – 7/17/2014
MALAYSIA AIRLINES JET CRASH URGES INVESTORS TOWARD SAFE-HAVEN ASSETS Gold bounced back today after news broke that a Malaysia Airlines jet carrying 295 passengers crashed in eastern Ukraine. Investors quickly began to sell stocks and move into safe-haven assets such as U.S. Treasury’s and Gold sparking both to jump immediately. There is still concern that the plane was possibly shot down. At this time, Ukrainian officials have confirmed that neith... Read More
Mid-Day Gold & Silver Market Report – 7/17/2014
GOLD SOARS ON NEWS OF PLANE SHOT DOWN IN UKRAINE – 295 DEAD Gold, Silver Platinum and Palladium prices are all soaring on the news coming out of Reuters that a Malaysian plane was shot down by militants in eastern Ukraine using a ground-to-air missile. It is being reported that all 295 passengers were killed. The plane came down near the city of Donetsk, wh... Read More
Morning Gold & Silver Market Report – 7/17/2014
METALS RECOVERY CONTINUES; PALLADIUM AT 13 1/2 YEAR HIGH Precious Metals are trading higher this morning, continuing the recovery that started yesterday. Fresh sanctions on Russia by the U.S. weighed stocks down, making way for higher Gold and Silver prices. The Palladium price hit a 13 1/2 year high on the sanctions. Mitsubishi analyst Jonathan Butler explained, “I am forecasting a 1.8 million-ou... Read More
Closing Gold & Silver Market Report – 7/16/2014
METALS SLOWLY RECOVERING AFTER YELLEN TESTIMONY Precious Metals continued to show small signs of strength through afternoon trading. As investors continue to digest recent comments by Federal Reserve Chairwoman Janet Yellen, Gold rebounded from three-week lows. A recent report showed a 65 percent surge in imports by India Read More
Mid-Day Gold & Silver Market Report – 7/16/2014
DOLLAR, INTEREST RATES, STOCKS KEEP CEILING ON GOLD The Gold price has steadied after two days of profit taking. A stronger U.S. dollar and the possibility of the Federal Reserve raising interest rates sooner than expected continue to pressure the yellow metal. ABN Amro analyst Georgette Beoele said, “At best, we'll see prices consolidating at these levels but if more good economic data comes in or the ... Read More
Morning Gold & Silver Market Report – 7/16/2014
GOLD TREADING WATER AS INVESTORS AWAIT YELLEN Gold futures are trading even this morning as the yellow metal awaits new upward momentum following three days of losses. Prices dropped over $40 through Monday and Tuesday following a large technical selloff and dovish comments by Federal Reserve Chairwoman Janet Yellen regarding the future of inte... Read More
Closing Gold & Silver Market Report – 7/15/2014
YELLEN’S COMMENTS WEIGH ON GOLD The Gold price has fallen back below $1,300 for the first time in roughly one month following testimony by Federal Reserve Chairwoman Janet Yellen in front of the Senate Banking Committee. "Yellen was a little bit more hawkish than expected. That signals higher rates sooner rather than later. And that's anti-inflationary, and presents competition for Gold,” Gold expert ... Read More
Mid-Day Gold & Silver Market Report – 7/15/2014
GOLD & SILVER PRICES PLUNGE AFTER YELLEN COMMENTS TO CONGRESS Gold and Silver prices began the day slightly upbeat, and remained upbeat during the beginning of Federal Reserve Chairwoman Janet Yellen’s speech to a Senate committee. Yellen expressed that the economic recovery was not complete and the ailing job market and stagnant wages would continue to justify ... Read More
Morning Gold & Silver Market Report – 7/15/2014
METALS REBOUND AHEAD OF YELLEN TESTIMONY Precious Metals prices are trading higher through the early morning a day after the largest decline in a single-session for Gold this year. As traders await data on U.S. retail sales being released this morning, Federal Reserve Chairwomen Janet Yellen’s testimony to Congress about the economy and monetary policy over the next two days will be highly watched. Kathy Lien, managing director of FX strategy for BK Asset Management sa... Read More
Closing Gold & Silver Market Report – 7/14/2014
GOLD TUMBLES FOLLOWING WIDESPREAD SELLOFF The Gold price is set to realize its largest single-session decline of the year as Portuguese banking worries subsided and a rally among stocks influenced a round of profit-taking for Gold and Silver. “A strong stock market and some stability in the EU [are pressuring gold,]” Peter Thomas, a... Read More
Mid-Day Gold & Silver Market Report – 7/14/2014
GOLD, SILVER SUFFER LARGEST DROP IN TWO MONTHS Gold prices have been down as much as 2.2 percent this morning, which is the largest daily drop since December. According to Barclays, there has not been a shift to bearish sentiment, but rather a move to take profits off the table. “Overall, we believe that physical demand has remained short of expectations, the la... Read More
Morning Gold & Silver Market Report – 7/14/2014
PROFIT-TAKING HITS GOLD Precious Metals prices are falling this morning, with Gold and Silver nearing a two percent drop. With Gold coming off a six-week winning streak, profit-taking is the most likely culprit for today’s drop. Edward Meir of INTL FCStone is still optimistic about the week for Gold, however, as he said, “We were concer... Read More
Weekly Gold & Silver Market Recap – 7/11/2014
Gold continues to surprise some analysts as another week of gains leaves the yellow metal trading at its highest level in almost four months. New geopolitical tension on the Gaza Strip helped elevate safe-haven demand as many investors seek the asset pending further clarity regarding the future of interest rates in the U.S. While Gold rallied, U.S. stocks suffered losses in each session until today. On Friday, equities were able to stave off their largest weekly drop sinc... Read More
Mid-Day Gold & Silver Market Report – 7/11/2014
GOLD & SILVER PRICES OFF SLIGHTLY – STOCKS CONTINUE TO FALL Gold and Silver prices are down slightly this morning, but perhaps not as much as first expected. Gold prices received a bump up yesterday when concerns grew over a Portuguese bank not meeting a short-term note payment. Today, the Banco Espirito is doing everything they can ... Read More
Morning Gold & Silver Market Report – 7/11/2014
LONGER-TERM TREND SHOWS UNDERLYING STRENGTH IN GOLD The Gold price is relatively unchanged near a 3 1/2 month high. While there is support for Gold to move higher, a recovery from yesterday’s losses in stocks is preventing that for the moment. Mitsubishi analyst Jonathan Butler said, “Geopolitical uncertainty and concerns of any potential contagion into Portugal's wider banking sector and indeed the euro zone's wider banking sector were clearly supporting Gold yest... Read More
Closing Gold and Silver Market Report – 7/10/2014
SAFE-HAVEN BUYING CONTINUES AS STOCKS SLIP AGAIN The Gold price jumped higher on Thursday as a wave of selling among world stocks increased the safe-haven demand for Precious Metals. Sluggish economic data from the Eurozone and disappointing reports from China have caused trepidation among equities investors and forced the yel... Read More
Mid-Day Gold and Silver Market Report – 7/10/2014
END OF QE, EUROPE NEWS SENDS STOCKS DOWN, GOLD HIGHER Gold is trading near a four-month high amid the fallout of yesterday’s release of the minutes from the Federal Reserve’s June meeting, which detailed the end of quantitative easing (QE). While the end of QE would typically be bearish for Gold, the yellow metal seems to be reacting more to the stock ma... Read More
Morning Gold & Silver Market Report – 7/10/2014
GOLD & SILVER PRICES SOAR – STOCKS LOOK FOR A DISMAL OPENING Gold prices are up sharply this morning and have hit three month highs. Silver and Platinum are climbing as well, while Palladium has retreated only slightly from all-time highs. Gold is benefitting from three separate events. Weak economic ... Read More
Closing Gold & Silver Market Report – 7/9/2014
PRECIOUS METALS CONTINUE RISE AFTER RELEASE OF FED MINUTES Precious Metals prices continued their climb through afternoon trading as investors begin to react to data released by the U.S. Federal Reserve. Minutes from the recent Federal Reserve policy meeting revealed the Fed’s plan to end their bond buying program by October if the economy rebounds. Joe Bell, senior equity analyst at Schaeffer’s Investment Research, said, “In the short-term, Read More
Mid-Day Gold & Silver Market Report – 7/9/2014
GOLD GAINS ON DOVISH INTEREST RATE EXPECTATIONS After three sessions of losses, the Gold price is trading higher as investors await the release of the latest Federal Reserve policy minutes. The broad assumption is that Fed Chairwoman Janet Yellen will not “budge from her dovish posture, which is keeping the Gold above the $1,300 mark,” Naeem Aslam, chief market... Read More
Morning Gold & Silver Market Report – 7/9/2014
METALS HIGHER AHEAD OF FED MINUTES Gold and Silver prices are trading higher this morning ahead of the release of the minutes from the U.S. Federal Reserve’s June meeting. Natixis analyst Nic Brown explained, “The dovish message we've been getting out of the Fed in the face of all this stronger economic data is, in our view, the main reason why Gold prices are up here.” Two Fed officials were down on U.... Read More
Closing Gold & Silver Market Report – 7/8/2014
GOLD STAYS FLAT AS STOCKS CONTINUE SELLOFF; INVESTORS AWAIT FED MINUTES The Gold price remains relatively flat end-of-day Tuesday as traders and investors lack motivations to take new positions until the release of the minutes from the Federal Reserve’s monthly policy meeting in June. Though Fed Chairwoman Janet Yellen has voiced co... Read More
Mid-Day Gold & Silver Market Report – 7/8/2014
GOLD, SILVER STEADY AS DOLLAR FADES Last week’s jobs report kick started the U.S. dollar, but the rally has begun to fade. Investors bought into the rally assuming the report would cause the Federal Reserve to raise interest rates sooner than anticipated. However, many investors are looking for stronger evidence that the Fed will take this action. The minutes from the June Fede... Read More
Morning Gold & Silver Market Report – 7/8/2014
METALS UP AS POSSIBLE WAR LOOMS Precious Metals prices are trading higher through early morning trading. Although a recent rise in equities provided pressure to metals the last few days, investors are beginning to turn their attention to alternative assets such as Gold. Marex Spectron’s manager of precious metals David Govett said, “I still feel that the mark... Read More
Closing Gold & Silver Market Report – 7/7/2014
GOLD, STOCKS DOWN ON INTEREST RATE SPECULATION Gold came under mild pressure today as the prospect of higher U.S. interest rates suppressed the Gold price for the second straight session. The yellow metal has been on the rise for the last five weeks as geopolitical turmoil and the expectation of an extended period of low interest ... Read More
Mid-Day Gold & Silver Market Report – 7/7/2014
GOLD & SILVER PRICES HOLDING STEADY BUT SLIGHTLY DOWN – PALLADIUM SETS RECORD HIGHS Gold prices are most likely reacting to the recent uptick in the U.S. dollar. The year 2014 was at one time considered to be the year of the U.S. dollar, but so far, this has not materialized. Recent strong jobs reports have increased speculation that the Fed will raise interest rates sooner than expected no ... Read More
Morning Gold & Silver Market Report – 7/7/2014
GOLD PRESSURED AMID INTEREST RATE SPECULATION After the holiday weekend in the U.S., Gold and Silver are trading slightly lower. The U.S. dollar is trading higher for a fifth straight day, putting pressure on Precious Metals prices. ABN Amro analyst Georgette Boele said, “The good U.S. payrolls report has put the focus on interest rates expectations, and that's why Gold and Silver have been moving lower... Read More
Weekly Gold & Silver Market Recap – 7/3/2014
The Gold price experienced a slight but steady series of gains this week on the back of a weak U.S. dollar until the all-important monthly jobs report was released Thursday. Strong hiring figures pointed to ongoing improvement in the health of the U.S. economy and temporarily quelled the demand for the safe-haven asset. Investor focus remained concentrated on developments in Iraq until the employment report became public today. With ongoing improvements in the U.S. econom... Read More
Mid-Day Gold & Silver Market Report – 7/3/2014
GOLD RECOVERS DATA-RELATED LOSSES The Gold price has recovered past its pre-data level from earlier this morning. According to Chintan Karnani, chief market analyst at Insignia Consultants, the data “suggest that interest rate in USA will be hiked sooner than markets expected. The rise in exports and lowering of trade deficit is an indication of sustained long-term growth. U.S. companies have adapted to the needs to global exports and are now off shoring less work ... Read More
Morning Gold & Silver Market Report – 7/3/2014
ECONOMIC DATA IMPRESSES U.S. stock futures added to gains after the release of three key data points for the economy. Expectations were met or exceeded when the Labor Department announced that jobless claims increased slightly to 315,000, Read More
Closing Gold & Silver Market Report – 7/2/2014
METALS CONTINUE RISE AS DOLLAR STRUGGLES Precious Metal prices continue to show gains through afternoon trading. As investors prepare for the holiday weekend, tomorrow’s release of U.S. jobs data will be closely watched and could affect Gold’s direction. When asked about Gold’s recent support, AvaTrade chief market analyst Naeem Aslam said it was “mainly on the back of the optimism that Federal Reserve Chairwoman Janet Yellen is going to Read More
Mid-Day Gold & Silver Market Report – 7/2/2014
HSBC: RECENT GOLD PRICE GAINS COULD HAVE A SOLID FOUNDATION HSBC Senior Analyst Jim Steel commented in a note that Gold prices rising and holding their own in the face of a bullish equity market indicate strength and not just a short covering rally. "Gold gains are all the more impressive given the generally pessimistic tone in the mark... Read More
Morning Gold & Silver Market Report – 7/2/2014
GOLD STEADY ON WEAK DOLLAR The Gold price remained near a three-year high in early-morning trading thanks to a weak U.S. dollar, which is conversely near a two-month low. Macquarie analyst Matthew Turner said, “Markets in recent weeks have interpreted most of the new information on the U.S. economy as being Gold positive — in particular that there are early signs of inflationary pressures building up ye... Read More
Closing Gold & Silver Market Report – 7/1/2014
GOLD LIFTED ON SOFTER DOLLAR; STOCKS LIFTED AS BULL MARKET CONTINUES A weaker U.S. dollar has pushed Gold to its highest level in 14 weeks. The yellow metal has rallied the last couple weeks as recent developments in Iraq have helped bolster the safe-haven appeal of Precious Metals. “The dollar weakness is helping Gold stay supporte... Read More
Mid-Day Gold & Silver Market Report – 7/1/2014
METALS CLIMB AS STOCKS ROCKET TO RECORD LEVELS Gold and Silver prices are up, while Platinum and Palladium prices boom with the U.S. stock market. The stock market is up over triple digits and the S&P continues to climb into record territory. Reports today indicate expansion in the U.S. and Chinese manufacturing have bolstered overall confidence in the global economy. "A lot of people are still fretting ... Read More
Morning Gold & Sliver Market Report – 7/1/2014
METALS CONTINUE RISE AHEAD OF JOBS DATA Precious Metals prices are rising through early morning trading as geopolitical situations around the world continue to be a focus. This Thursday’s release of closely watched U.S. non-farm payroll data could be very significant for Gold. Following consecutive quarterly gains, Gold bulls are expecting June’s jobs report to fall short of the Federal Reserve’s expectations, which could Read More
Closing Gold & Silver Market Report – 6/30/2014
GOLD RISES AS INVESTORS AWAIT ECONOMIC FIGURES The Gold price is trading at its highest level since mid-April as geopolitical turmoil continues to motivate safe-haven buying. Today’s price is near the higher end of the trading range that Gold has been confined to over the last several months. Investors will be intently focused on this week’s economic news for signs of i... Read More
Mid-Day Gold & Silver Market Report – 6/30/2014
GOLD & SILVER HEADED FOR GAINS IN TWO STRAIGHT QUARTERS Gold and Silver prices have been steady throughout the morning near two months highs. As we close the end of the second quarter, both Gold and Silver will show two positive quarters in a row to begin 2014. The U.S. dollar is still under pressure and should remain so ahead of a week with several important reports to be released. The two big ones are the U... Read More
Morning Gold & Sliver Market Report – 6/30/2014
GOLD, SILVER COULD FACE VOLATILE WEEK Gold, Silver and crude oil are all facing a potentially volatile week as a number of top tier economic data will be released and geopolitical tensions, especially in the Middle East, continue. Gold and Silver are both slightly lower in earl... Read More
Weekly Gold & Silver Market Recap – 6/27/2014
The Gold price experienced a week of modest gains following last week’s dramatic turn upward. In general, the yellow metal experienced very little price movement as positive economic indicators continue their tug-of-war with geopolitical tensions over which force will most heavily impact Precious Metals prices. Perhaps more notably, Silver has realized double-digit percentage gains this month while Gold is up six percent. U.S. stocks struggled this week with three session... Read More
Mid-Day Gold & Silver Market Report – 6/27/2014
GOLD PRICES EDGE UP HEADING FOR WEEKLY GAIN Gold prices are showing modest gains, while Silver is slightly down. It appears Gold is headed for another weekly gain, despite last week’s sharp upswing and strong indication of consolidation. Gold has been “digesting the big gains” made after Federal Reserve Chief Janet Yellen’s “dovish” comments last... Read More
Morning Gold & Silver Market Report – 6/27/2014
NEW KILOBAR CONTRACT WILL SPARK NEW DEMAND FOR GOLD According to the World Gold Council, the launch in Singapore of an exchange-traded Gold kilobar contract will spark new Gold demand. The West already enjoys efficient markets for Precious Metals, but this has not been the case in Asia. This launch is an exam... Read More
Closing Gold & Silver Market Report – 6/26/2014
GOLD FALLS FOLLOWING STRONG JOBS NUMBERS The Gold price fell slightly Thursday as positive U.S. employment figures removed the yellow metal from its two-month high. Gold has risen 4 percent since last Thursday. Much of the advance is due to large scale short-covering by speculators buying back their bearish positions. Despite the recent rally, U.S. economic news rem... Read More
Mid-Day Gold & Silver Market Report – 6/26/2014
JOHN BOLLINGER, INVENTOR OF THE BOLLINGER BAND PREDICTS GOLD GOING HIGHER According to legendary technical analyst, John Bollinger, Gold is set to go higher despite recent highs. The run has just begun. Bollinger is the inventor of the “Bollinger bands”, which is a popular tool for technical analysis. The price of an asset is considered high if on the upper band and low if on the lower band. Physical Gold is on the lower band and Read More
Morning Gold & Silver Market Report – 6/26/2014
GOLD, SILVER RETREAT FROM RECENT HIGHS Gold and Silver prices are down this morning as traders are moving more money into the equity markets. Today would be the first time Gold declined in seven days. Consolidation for Gold and Silver prices is not unexpected after the metals recently reached two-month highs. Yesterday the U.S. dol... Read More
Closing Gold & Silver Market Report – 6/25/2014
GOLD WITH SIXTH STRAIGHT GAIN; DOLLAR DOWN ON GDP DATA Precious Metals are flat through afternoon trading. News the economy shrank much more than anticipated, plus a weakened U.S. dollar, helped Gold mark its sixth straight gain. H.C. Wainwright managing director Jeffrey Wright said, “We still believe Gold is range bound from $1,250 to $1,3... Read More
Mid-Day Gold & Silver Market Report – 6/25/2014
GOLD, SILVER TREADING WATER; US STOCKS UP Precious Metal prices have turned positive and the U.S. stock market is up despite this morning’s poor GDP report. It appears that equity investors are betting on a second quarter rebound. "The second-quarter numbers have generally been pretty good, and are certainly indicative of growth," Chicago’s Kingsview Asset Management senior vice president Paul Nolte sai... Read More
Morning Gold & Silver Market Report –6/25/2014
PRECIOUS METALS DOWN AS STOCKS STRUGGLE Precious Metals are trading at a slightly lower rate in early morning trading. After Gold reached two-month highs, some investors are cashing in on gains as they continue to monitor the escalating geopolitical risk in Iraq. Societe Generale analyst Robin Bhar said, “Risk aversion in Gold can work either way. If you have risk a... 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.
