Precious Metals Market Reports
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
Closing Gold & Silver Market Report – 6/24/2014
IRAQI CRISIS HELPS ELEVATE GOLD DESPITE STRONG HOUSING DATA The Gold price remains flat to end Tuesday’s session even as upbeat housing data showed sales peaking at their highest level in six years. Robust U.S. housing figures are considered to be an accurate representation of the strength of the U.S. economy. Typically, such news could weigh on Precious Metals prices, but Read More
Mid-Day Gold & Silver Market Report – 6/24/2014
OPTIMISM GROWS IN ASIAN AND INDIAN GOLD MARKETS India and China together purchase over 50 percent of the world’s Gold each year, so when all Asian markets are included, it is clear that the East drives worldwide Gold demand. In 2013, Gold and Silver demand was up in Asia, but down in India due to trade restrictions on the import of Gold. Chinese demand is still strong this year, although not as strong as 2013, but Indian demand is expected to rise. There are expectations tha... Read More
Morning Gold & Silver Market Report –6/24/2014
METALS BEGIN CLIMB AHEAD OF DATA Precious Metals are showing signs of strength and are moving up during early morning trading. As investors continue to watch the developing geopolitical situation in Iraq and await upcoming housing data and consumer confidence reports, some feel a lack of volatility is keeping the metals from taking off. He... Read More
Closing Gold & Silver Market Report – 6/23/2014
GOLD RETAINS GAINS AS INVESTORS EYE IRAQI CONFLICT The Gold price was able to hold onto gains realized last week as net long positions on futures contracts increased to their highest level since March. The U.S. dollar has been experiencing downward pressure due to dovish comments from the Federal Reserve which have caused the greenba... Read More
Mid-Day Gold & Silver Market Report – 6/23/2014
INFLATIONARY PRESSURES ARE BUILDING ACROSS THE GLOBE According to recent research by JP Morgan, inflation is heating up in the U.S. and across the globe. JP Morgan’s global inflation index jumped to 2.6 percent in May. The core inflation index (eliminates food and energy) climbed to 2.1 percent. What was found surprising is that the in... Read More
Morning Gold & Silver Market Report –6/23/2014
GOLD, SILVER PRICES CONSOLIDATE BELOW TWO MONTH HIGHS Better than expected news out of China and worse than expected news out of Europe are balancing each other out, while the Iraq crisis continues to provide support for Gold. Sunni tribes took control of a border crossing between Iraq and Jordan late Sunday night. By all accounts, this situation is only expected to intensify. Gold prices are expected to settle after strong upward movement last w... Read More
Weekly Gold & Silver Market Recap – 6/20/2014
Precious Metals prices remain flat Friday but will end the week substantially higher thanks to Thursday’s surge, which caused Gold’s largest rally in four months. Amid a Federal Reserve commitment to low U.S. interest rates and the fear of another entry into the military quagmire in Iraq, American investors heavily increased positions in Gold Thursday,... Read More
Mid-Day Gold & Silver Market Report – 6/20/2014
METALS CONTINUE RISE AS INVESTORS WATCH IRAQ Precious Metal prices are continuing their upward movement through mid-day trading. As investors continue to digest the fact that U.S. interest rates possibly will remain steady, continued violence in Iraq has given Precious Metals’ safe-haven appeal a boost. Edward Meir of INTL FCStone wrote, “W... Read More
Morning Gold & Silver Market Report – 6/20/2014
GOLD SURGES 3 PERCENT, SILVER UP AS MUCH AS 5 PERCENT Gold had its best day in more than eight months Thursday as prices hit two month highs. Silver was also up as high as 5 percent. Rising prices were fueled by continued conflicts in the Middle East and the Federal Reserve’s indication that interest rates will remain low for a long time. "The Fed statement and geopolitical tensions sparked Read More
Closing Gold & Silver Market Report – 6/19/2014
IRAQ CONCERNS, FED STATEMENT TRIGGERS TECHNICAL BUYING FOR GOLD Following an uneventful stretch of price activity, Gold and Silver have both surged significantly higher today. Tensions remain high in Iraq and statements by Fed Chairwoman Janet Yellen indicated low rates for the foreseeable future. The impact on the U.S. dollar ... Read More
Mid-Day Gold & Silver Market Report – 6/19/2014
GOLD SOARS ABOVE $1,310 – SILVER APPROACHES $20.75 Gold and Silver are up drastically and have been rising ever since the press conference with Fed Chair Janet Yellen on Wednesday. Her comments clearly indicated that the Fed was comfortable with interest rates staying low for a long time to come. The day before, minutes released from the Bank of England’s last meeting indicated that they would raise interest rates in the U.K. this year. Either one of these announcements Read More
Morning Gold & Silver Market Report – 6/19/2014
METALS BOOSTED BY WEAK DOLLAR A lower U.S. dollar is contributing to Precious Metals gains this morning, with Gold and Silver prices over one percent higher. Mitsubishi Corp analyst Jonathan Butler said, “…[I]n the short term, Gold is still very much headline-driven, with what's happening in Iraq, as far as safe-haven buying is concerned.” The geopolitical tensions in Iraq and Ukraine have driven oil pr... Read More
Closing Gold & Silver Market Report – 6/18/2014
METALS GET BOOST FROM FEDERAL RESERVE NEWS Precious Metals continued their climb through afternoon trading as investors begin to digest news from the Federal Reserve. At the conclusion of their two-day policy meeting, the Fed announced it expects to increase short-term interest rates faster than previously forecast. Jim Steel, a Precious Metals analyst... Read More
Mid-Day Gold & Silver Market Report – 6/18/2014
MARKETS ON HOLD AWAITING FED CHAIR YELLEN’S PRESS CONFERENCE Gold, Silver and the equity markets are on hold awaiting news from the Fed FOMC meeting that’s scheduled to take place at 2 P.M. (ET) today. Here are five questions investors are looking to hear answers for: Are there any new worries about inflation? U.S. consu... Read More
Morning Gold & Silver Market Report – 6/18/2014
GOLD FLAT AHEAD OF FED STATEMENT A number of moving pieces will affect Precious Metals prices today, but none are expected to have an effect as large as the Federal Reserve’s statement and press conference this afternoon. Stock futures are pointing toward a lower open for Wall Street as investors prepare for a potential rate hike fro... Read More
Closing Gold & Silver Market Report – 6/17/2014
INVESTORS AWAIT FED MEETING OUTCOME Though Gold has rebounded from morning lows, the yellow metal is down as the monthly Federal Open Market Committee meeting began today. Investors expect the Federal Reserve to stay on schedule and reduce the current pace of monthly quantitative easing by another $10 billion. “It seems that the Fe... Read More
Mid-Day Gold & Silver Market Report – 6/17/2014
GOLD & SILVER OFF LOWS BUT STILL DOWN FOR THE DAY Stocks have rebounded and Gold and Silver have moved off morning lows. Housing is down, inflation is up and markets appear indifferent as they await announcements from this weeks Fed meeting. “Inflation, it's becoming closer to their target. If that continues to heat up, and goes faster than expected, then the Fed will be stuck," Nick Raich, chief executi... Read More
Morning Gold & Silver Market Report – 6/17/2014
GOLD & SILVER PRICES FALLING DESPITE US INFLATION GAINS Gold and silver prices are falling as the world sees less risk in the Middle East. However, news this morning that is sending stock prices to the red, may provide support for gold and silver. The US housing starts and building permits fell more than expected in May bringing doubts to how swiftly housing might recover. New home starts were down 6.5 percent. Federal Reserve Chair Janet Yellen has expressed that Read More
Closing Gold & Silver Market Report – 6/16/2014
GOLD FLAT; COULD IRAQI TURMOIL BOOST PRICE? The Gold price remains flat to start the week but could see higher prices as heightened turbulence in Iraq could cause investors to seek asylum in the form of Precious Metals. “Some people see the need for gold, as there has been a breakdown of international agreement in Ukraine and... Read More
Mid-Day Gold & Silver Market Report – 6/16/2014
IMF CUTS U.S. GROWTH FORECAST – MOMENTUM IN U.S. ECONOMY IS FADING The International Monetary Fund (IMF) cut its growth rate for the U.S. economy this year from 2.8 percent to 2 percent. For the moment, they have maintained their 3 percent forecast for 2015. The Washington-based IMF also said that the Federal Reserve may need to keep inter... Read More
Morning Gold & Silver Market Report – 6/16/2014
GOLD PRICES CLIMB ON RISING MIDDLE EAST VIOLENCE Instability in the Middle East will drive up Gold and oil prices as markets continue their climb. Investors are nervous so they will shift to safe haven currencies, bonds and Gold. The Tokyo stock market saw its biggest fall in a month and the European market is off to a rocky start. "I think investors are... Read More
Weekly Gold & Silver Market Recap – 6/13/2014
Gold and Silver prices experienced little change this week as low trading volume and a lack of economic headlines failed to influence markets. Thursday saw the week’s only notable price movement as safe-haven demand pushed the Gold and Silver higher on fears surrounding unrest in northern and central Iraq. Geopolitical turmoil has been the sole motivator of higher prices for the yellow metal in 2014. Perhaps more notably, Platinum and Palladium realized significant price ... Read More
Mid-Day Gold & Silver Market Report – 6/13/2014
CRAMER: SOMETHING UNEXPECTED MIGHT BE IMMINENT Gold and Silver prices are showing little movement in morning trading. All of this could change according to CNBC analyst Jim Cramer. Cramer has expressed concerns about the sustainability of the U.S. stock market at record highs for a while. Now he says that it may be time to act. He is very concerned about the sudden developments in Iraq where militants are seizing control of major cities. "So what will it be? Airst... Read More
Morning Gold & Silver Market Report – 6/13/2014
INVESTORS WORRY ABOUT IRAQ Gold and Silver prices are relatively flat in morning trading. Gold’s safe haven appeal could receive a boost if violence in Iraq escalates, and the U.S. government has said it will not rule out air strikes to assist the Iraqi government. Platinum and Palladium are trading in the red after a major dip yesterday caused by a looming deal to end the five-month mine strike in Sout... Read More
Closing Gold & Silver Market Report – 6/12/2014
GOLD AND SILVER HIGHER ON IRAQI VIOLENCE; PLATINUM AND PALLADIUM PLUNGE Geopolitical turmoil has resurfaced as a motivator for higher metals prices as violence in northern and central Iraq has shaken markets and increased the safe-haven demand for Gold. Islamist militants have struck against the newly formed Iraqi government causing fear ... Read More
Mid-Day Gold & Silver Market Report – 6/12/2014
METALS CLIMB ON RISING OIL PRICES, DECLINING RETAIL SALES, POOR JOBS REPORT News that has boosted Gold and Silver prices has predictably soured early morning stock gains, and markets are once again in the red. May retail sales numbers did not meet expectations and the jobs report unexpectedly went up. A Sunni militant uprising in Iraq has driven Brent oil futures above $110 a barrel. In gauging "retail sale... Read More
Morning Gold & Silver Market Report – 6/12/2014
PROFIT-TAKING DROPS PLATINUM, PALLADIUM Gold and Silver prices are slightly higher in early-morning trading. UBS said in a note, “Gold remains nearly consistently negatively correlated with equity markets, and the (dollar index).” The industrial Precious Metals, Platinum and Palladium, fell victim to profit-taking after Palladium rallied to its highest level in 13-1/2 years. The five-month Platinum mine... Read More
Mid-Day Gold & Silver Market Report – 6/11/2014
METALS CONTINUE CLIMB ON WORLD BANK NEWS Precious Metals continued to trade slightly higher through afternoon trading. Metals have been boosted and stocks around the world are pulling back after the World Bank’s announcement late Tuesday that it is cutting its global growth forecast for 2014. Art Hogan, chief market strategist at Wunderlich Securities in New... Read More
Closing Gold & Silver Market Report – 6/11/2014
METALS CONTINUE CLIMB ON WORLD BANK NEWS Precious Metals continued to trade slightly higher through afternoon trading. Metals have been boosted and stocks around the world are pulling back after the World Bank’s announcement late Tuesday that it is cutting its global growth forecast for 2014. Art Hogan, chief market strategist at Wunderlich S... Read More
Mid-Day Gold & Silver Market Report – 6/11/2014
RUSSIA’S WAR AGAINST DOLLAR WILL SUPPORT GOLD Russia’s actions in the Ukraine, and the U.S.’s efforts to galvanize the West to impose economic sanctions on Russia, have widened the gap between the two countries. Russia understands these sanctions would hurt their economy and will take protective action. One action is the selling of U.S. Treasuries out ... Read More
Morning Gold & Silver Market Report – 6/11/2014
PALLADIUM HITS 3-1/2 YEAR HIGH Precious Metals prices are moderately higher in early-morning trade. Palladium hit a fresh 3-1/2 year high thanks to the ongoing mine strike in South Africa. MKS SA senior vice president Bernard Sin said, “Palladium touched new highs yesterday but holders of long positions are now being cautious because these are at very high levels and there is not much room to increase e... Read More
Closing Gold & Silver Market Report – 6/10/2014
GOLD LIFTED AS STOCKS HALT MULTI-SESSION RALLY The Gold price was lifted today as stock indexes turned lower, with the metal trading above $1,260 per ounce for the first day in two weeks. There is little economic data to influence markets until Thursday’s release of unemployment data, but some experts predict a potential rebound for Gold and Silver due to recent tec... Read More
Mid-Day Gold & Silver Market Report – 6/10/2014
INDIAN & CHINESE CENTRAL BANKS TO PURCHASE 90% OF GOLD MINE OUTPUT Gold and Silver have maintained morning gains, most likely reacting to stock market losses, and a report released today could influence future Gold prices. In its weekly Precious Metals report, ETF Securities indicated Indian and Chinese central banks will likely purchase... Read More
Morning Gold & Silver Market Report – 6/10/2014
Precious Metals prices are gaining momentum and trading higher through early morning trading. A day after the S&P 500 and the Dow Jones Industrial Average closed at record levels U.S. stocks are losing steam and are on the way down. As investors await Tuesday’s jobs opening data, some economists are watching market trends and waiting for what’s next... Read More
Closing Gold & Silver Market Report – 6/9/2014
GOLD STEADY AS STOCKS CONTIUE RALLY Precious Metals prices are holding firm today as waning investor confidence in the euro zone helped buoy Gold and Silver as a safe-haven. “Worries about Europe are bringing in some safe-haven buying,” Fain Shaffer, the president of Infinity Trading Corp., said. Prices will “remain range-bound as t... Read More
Mid-Day Gold & Silver Market Report – 6/9/2014
CHINA: MOST IMPORTANT TREND IN GOLD INVESTING TODAY Gold and Silver prices have maintained equilibrium despite stocks once again hitting new highs. One reason for this may be that the U.S. does not affect the Gold and Silver market nearly as much as China and India do. India has slowed somewhat due to high taxes and tariffs on Gold imports, which may be lifted with their new president. China, however, maintains a voracious appetite with both the central bank and consumers bu... Read More
Morning Gold & Silver Market Report – 6/9/2014
EUROPEAN EASING SEEN AS POSITIVE FOR GOLD Precious Metals prices are mostly higher in early-morning trade. With the caveat that U.S. monetary policy could tighten further, Societe Generale analyst Robin Bhar said, “We are above the $1,250 [per ounce] level based on last week's news dataflow. Clearly, the [European Central Bank] easing for the moment is seen as positive.” With stocks constantly h... Read More
Weekly Gold & Silver Market Recap – 6/6/2014
Precious Metals prices fluctuated very little following last week’s significant drop that saw Gold fall below $1,250 per ounce and Silver dip under $19 per ounce. Thursday was the only trading day that saw noteworthy movement as the European Central Bank (ECB) announced a plan for negative deposit rates and an asset purchase program, which helped boost Gold and push stocks to new record highs. Sluggish trading volume and volatility were compounded by heightened risk tolerance a... Read More
Mid-Day Gold & Silver Market Report – 6/6/2014
GOLD, SILVER HOLD AS STOCKS CONTINUE RECORD RISE This morning’s positive job growth announcement has stocks soaring to new highs. Gold and Silver, which often act with more skepticism to such news, are down just slightly. "Investors are getting a little more confident that the U.S. economy will recover from that sluggish first quarter. But it's still not enough to propel th... Read More
Morning Gold & Silver Market Report – 6/6/2014
JOBS ADDED AS EXPECTED The U.S. dollar and U.S. stock futures gained after the release of the monthly jobs report. The expected result came to fruition with over 200,000 jobs added for a fourth straight month. The unemployment rate held steady at 6.3 percent. Many investors will now look for more clues to the Federal Reserv... Read More
Closing Gold & Silver market Report – 6/5/2014
ECB STIMULUS, RATE CUT BOOSTS GOLD AND STOCKS The Gold price rose for the first time in over a week as European Central Bank’s (ECB) President, Mario Draghi, announced that deposit rates for the region will be cut to 0.1 percent in an effort to combat deflation. “The market is trained to react every time a major central bank makes a big ... Read More
Mid-Day Gold & Silver market Report – 6/5/2014
METALS PRICES RISE ON ECB NEGATIVE INTEREST RATES ANNOUNCEMENT Gold is widely accepted as a hedge against both inflationary and deflationary pressures, so it is no surprise to see Gold prices jump as the European Central Bank’s decision to declare a negative interest rate on deposits proves there is a global war against deflation. Deflation is defined as a general decline in prices, often caused by a reduction in... Read More
Morning Gold & Silver Market Report – 6/5/2014
ECB RATE GOES NEGATIVE Gold and Silver prices jumped suddenly as European Central Bank (ECB) President Mario Draghi spoke at a press conference, saying the central bank is not finished with monetary easing, if needed. Earlier today, the ECB cut its deposit rate for banks to –0.1 percent. This negative rate means that banks will now be charged to hold funds at the... Read More
Closing Gold & Silver Market Report – 6/4/2014
METALS FLAT AS INVESTORS AWAIT IMPORTANT DATA RELEASE Precious Metal prices continued their sideways movement and traded mostly flat through the afternoon. As investors continue to await Friday’s much anticipated jobs report and the conclusion of the European Central Bank (ECB) policy meeting, some traders are speculating on what th... Read More
Mid-Day Gold & Silver Market Report – 5/4/2014
STEVE FORBES: LINK DOLLAR TO GOLD OR FACE GREAT DEPRESSION II Steve Forbes, publisher of Forbes Magazine, is not a fan of the Federal Reserve’s loose monetary policies. In fact, he has issued a warning that the U.S. might experience an economic catastrophe as a result of these policies. In his opinion there is a solution, return to a strict Gold standard whereby Read More
Morning Gold & Silver Market Report – 6/4/2014
MARKETS WAIT FOR DIRECTION Gold and Silver prices are slightly higher in early-morning trading, while stock futures pointed slightly lower. Stocks appear to be waiting for direction from tomorrow’s European Central Bank (ECB) announcement or Friday’s ADP nonfarm payrolls report. The eurozone’s central bank is exp... Read More
Closing Gold & Silver Market Report – 6/3/2014
GOLD, EQUITIES FLAT; INVESTORS AWAIT PAYROLL NUMBERS Precious Metals prices remain relatively flat today, though a mild boost for Gold broke the yellow metal’s longest streak of losses since last August. As U.S. stocks reached new record levels last week, the Gold price fell for six straight sessions. “Gold is getting some su... Read More
Mid-Day Gold & Silver Market Report – 6/3/2014
GOLD CHEAPEST VS STOCKS SINCE JANUARY 2008 Gold is up more than four percent in 2014, but as the U.S. stock market continues to rise at its current rapid pace, the Gold-to-S&P 500 ratio has fallen to its lowest level since January 2008. The research team at ETF Securities points out this current phenomenon and asks if Gold is a cheap insurance option right no... Read More
Morning Gold & Silver Market Report – 6/3/2014
METALS FLAT AHEAD OF JOBS, EUROPEAN DATA Precious Metal prices are trading relatively flat through early morning trading. Many investors are eyeing Friday’s job reports for direction, but they will also pay close attention to the results of the European Central Bank’s policy meeting Thursday. When asked his opinion on why he sees weakness fo... Read More
Closing Gold & Silver Market Report – 6/2/2014
THE NEXT FOUR DAYS COULD ROCK UNEASY MARKETS Gold and Silver prices remained locked in a tight range throughout the day with Gold slightly up and Silver slightly down. However, given their low correlation to the stock market, this could change soon as the U.S. equity markets could experience strong currents in the next four days. The U.S. market s... Read More
Mid-Day Gold & Silver Market Report – 6/2/2014
GOLD HITS FOUR-MONTH LOW - SILVER SLIGHTLY TO THE UPSIDE Gold and Silver prices remained stuck in neutral during the morning trading hours. Gold is slightly down, while Silver slightly to the upside. Stock markets in the U.S. and Europe are up. The S & P continues to set new records despite low volumes and European stocks received a boost from a rebound in Chines... Read More
Morning Gold & Silver Market Report – 6/2/2014
MARKET WAITS FOR FRIDAY’S JOBS DATA The Gold price is relatively flat in early-morning trading, while stock futures are modestly higher. The first week of a new month brings with it speculation of the monthly jobs report, to be released Friday. Economists predict that 200,000 nonfarm payrolls were added last month, which would be the fourth-st... Read More
Weekly Gold & Silver Market Recap – 5/30/2014
The Gold price came under substantial pressure this week as the perception of diminished tension in Ukraine temporarily rescinded safe-haven demand for the yellow metal. News that elections for new leadership in the nation will go uncontested by Russia saw Gold take a significant dip after a return from the long weekend. Primary Precious Metals prices have continued to trickle down each subsequent session leaving Silver below $19 an ounce and Gold realizing its worst week since... Read More
Mid-Day Gold & Silver Market Report – 5/30/2014
GOLD & SILVER HEAD FOR WORST WEEK SINCE MARCH The Gold market received support over the past month from tensions in Ukraine. The public perception is that these tensions are easing (despite the loss of 64 lives this week) and this has helped drive Gold prices lower. Asia, who often picks up Gold purchases in declini... Read More
Morning Gold & Silver Market Report – 5/30/2014
ANALYSTS: STOCKS IN FOR ‘NASTY CORRECTION’ The Gold price is steady in early morning trading and is headed for a three percent weekly loss. Peter Fertig of Quantitative Commodity Research said, “The move into riskier assets like equities, which have performed well, is weighing on Gold. Furthermore, the market is not as worried about Ukraine as it has been in March and April. That's reducing support from... Read More
Closing Gold & Silver Market Report – 5/29/2014
STOCK MARKET MAY FACE CORRECTION; INVESTORS WEIGH ECONOMIC FIGURES The Gold price remains under pressure Thursday as positive U.S. economic data, technical selling indicators and increased risk appetite cause the yellow metal to dip for the fourth straight session. Gold began the short week with a significant drop following news that tensions in Ukraine... Read More
Mid-Day Gold & Silver Market Report – 5/29/2014
GOLD AND SILVER PRICES UP SLIGHTLY FROM MORNING LOWS There were two big news stories this morning. One was not so good and the other positive, yet both the Precious Metals and equity markets reacted to the upside. The U.S. GDP contracted for the first time in three years during the first quarter of 2014. The revised report came out today. Most analysts expected a revision of positive 0.1 percent t... Read More
Morning Gold & Silver Marker Report – 5/29/2014
GOLD PRICES FALL TO 16-WEEK LOW – SILVER DIPS BELOW $19 An improving U.S. economy and a stronger U.S. dollar are pushing Gold and Silver prices lower. The U.S. dollar is at a three-month high compared to the euro. The expectation that the European Central Bank will soon take action to further devalue the euro, the dollar could get even stron... Read More
Closing Gold & Silver Market Report – 5/28/2014
PALLADIUM REACHES 3-YEAR HIGH AS SOUTH AFRICAN MINER STRIKE CONTINUES The Gold price seeped further down today on easing geopolitical tensions following news that Russia will not interfere with Ukraine’s vote for new leadership. While Gold struggles to find solid footing, Palladium has reached its highest price since 2011, climbing 13 percent since a Read More
Closing Gold & Silver Market Report – 5/28/2014
PALLADIUM REACHES 3-YEAR HIGH AS SOUTH AFRICAN MINER STRIKE CONTINUES The Gold price seeped further down today on easing geopolitical tensions following news that Russia will not interfere with Ukraine’s vote for new leadership. While Gold struggles to find solid footing, Palladium has reached its highest price since 2011, climbing 13 percent since a Read More
Mid-Day Gold & Silver Market – 5/28/2014
GOLD HITS LOW AS STOCKS BREAK RECORD The Gold price hit a 3-1/2 month low in morning trading, adding to losses from Tuesday’s trade. Strong U.S. data paved the way for record highs in U.S. and German stocks Tuesday, and the losses built as support levels fell. Commerzbank analyst Daniel Briesemann said, “It looks as though the bears are in the driving seat. Equity markets are soaring again, so market pl... Read More
Morning Gold & Silver Market Report – 5/28/2014
GOLD, SILVER STABILIZE AFTER SHARP DECLINE Precious Metal prices remain near yesterday’s close, though upcoming news could eventually affect the movement of Gold and Silver. China is actively approaching major foreign banks and Gold producers to participate in a global Gold exchange. The Shanghai Gold Exchange (SGE) will directly compete with ex... Read More
Closing Gold & Silver Market Report – 5/27/2014
GOLD PRICES FALL 2 PERCENT ON STOCK MARKET RALLY Gold had its sharpest one day decline since December, falling 2 percent, while the S&P 500 climbed to an all-time high. Several factors were in play today to generate this decline. There was a technical sell off driven by a breakout from pennant pattern, called so because of its triangular shape, which triggered co... Read More
Mid-Day Gold & Silver Market Report – 5/27/2014
GOLD PRICES HEAD FOR LOWEST CLOSE IN ALMOST THREE MONTHS Gold prices began today’s trading session on the down side and the decline has only accelerated through morning trading. Analysts are looking at the technical charts and wondering if the bottom has fallen out. Gold has already plunged more than 1 percent today triggered by technical selling, Sunday’s Ukrainian election and a rising equity market. The “ Read More
Morning Gold & Silver Market Report – 5/27/2014
GOLD, SILVER TO TWO WEEK LOWS Gold and Silver prices have fallen to a two-week low as investors try to assess the results of Sunday’s Ukrainian election. Ukraine President-elect Petro Poroshenko said all the right things about easing tensions in the region, but fighting continued. For the moment, Gold prices are fal... Read More
Weekly Gold & Silver Market Recap – 5/23/2014
The Gold price remains range-bound as Gold’s 30-day volatility has dropped to its lowest in over one year. As investors ease into the traditionally low trading volume of summer and a mixed batch of economic data failed to drastically influence bullion prices, Gold is still looking for impetus to break out of its current range. While both Gold and Sil... Read More
Mid-Day Gold & Silver Market Report – 5/23/2014
GOLD, SILVER REMAIN IN A TIGHT TRADING RANGE Gold and Silver are trading slightly lower, while the S&P 500 tops its record close. The metals have been trading in a tight range for some time now and, according to U.S. Global Investors CEO and CIO Frank Holmes, Gold needs to see a rising GDP and a negative real return. Currently, there is a negativ... Read More
Morning Gold & Silver Market Report – 5/23/2014
DOLLAR FIRMS, METALS FALL Precious Metals prices were lower across the board in early-morning trading as the U.S. dollar firmed. The ongoing Platinum mine strike in South Africa is still lending some support to Platinum and Palladium, though the dollar-euro relationship weighed heavier this morning. INTL FCStone said in a note, “Gold has been trapped in a very compressed range for well over a month, but... Read More
Closing Gold & Silver Market Report – 5/22/2014
GOLD BOOSTED BY LACKLUSTER JOBS REPORT; PLATINUM/PALLADIUM CONTINUE RALLY The Gold price is trading higher today following a disappointing jobs report. “Today’s data shows that the job market is struggling and rate hikes may be far away,” Chris Gaffney, the senior market strategist at EverBank Wealth Management, said. “‘There is some safe-haven buying.’’ Perhaps more notable is the Read More
Mid-Day Gold & Silver Market Report – 5/22/2014
GOLD & SILVER STAY POSITIVE ON WEAK JOBS REPORT Gold and Silver prices found support yesterday when the minutes were released of last month’s Federal Open Market Committee meeting. The Federal Reserve has no intention of raising interest rates any time soon. Prices also find continuing support from the uncertainty in the Ukraine. Today, Gold and Silver prices spiked ... Read More
Morning Gold & Silver Market Report – 5/22/2014
METALS GAIN DUE TO FED, JOBLESS CLAIMS Precious Metals are gaining in early-morning trading thanks to a renewed commitment by the Federal Reserve to continue supporting the economy. While the Fed is still planning to exit from its quantitative easing program, minutes from the Fed’s April meeting released yesterday revealed the central bank is not ready to raise interest rates. A short-term area of conce... Read More
Closing Gold & Silver Market Report – 5/21/2014
GOLD UNDER PRESSURE AS FED SHOWS NO FEAR OF INFLATION The Gold price is down slightly to end the day following the release of the minutes from the Federal Reserve’s most recent summit. The text indicated little concern on the part of the Fed for increased inflation stemming from the current pace of monetary stimulus. With un... Read More
Mid-Day Gold & Silver Market Report – 5/21/2014
GOLD PRICES SLIP DESPITE IMPORTANT NEWS COMING OUT OF INDIA Gold prices remain soft throughout morning trading despite news coming out of India that could very well left Gold prices. India and China buy over 50 percent of the world’s Gold and news broke today that India’s new government is planning to ease Gold import restrictions. In short, this will make it ea... Read More
Morning Gold & Silver Market Report – 5/21/2014
SOUTH AFRICAN STRIKE BOOSTS PLATINUM, PALLADIUM Gold and Silver are relatively flat in morning trading, while Platinum and Palladium continue to gain on the South African strike. While the Gold price is “struggling for direction,” according to Mitsubishi analyst Jonathan Butler, the strike at a Platinum mine in South Africa is just one of a few reasons for Platinum and Palladium’s gain. Butler said, “Fo... Read More
Closing Gold & Silver Market Report – 5/20/2014
GOLD REMAINS LEVEL AS INVESTORS AWAIT FED MINUTES The Gold price remains level today, even as weaker-than-expected corporate earnings figures saw stocks fall across all benchmark indexes. “The weakness in the equity market is keeping Gold supported,” Fain Shaffer, president of Infinity Trading Corp., said. “The market will likely re... Read More
Mid-Day Gold & Silver Market Report – 5/20/2014
GOLD DEMAND STEADY IN FIRST QUARTER The World Gold Council just published their quarterly report, “Gold Demand Trends – First Quarter 2014”. A few highlights include Gold demand holding steady at 2013 highs of 1,074.5 tonnes and increased jewelry demand countering a downturn in industrial usage. Another point to note was the departure from 2013 regarding both exchange-traded fund (ETF) ... Read More
Morning Gold & Silver Market Report – 5/20/2014
GOLD PRICES UP FIRST QUARTER DESPITE DEMAND DROP IN CHINA Gold prices experienced a strong first quarter despite demand in China falling by 18 percent. China, the world’s largest consumer of Gold, saw a 40 percent drop in coins and bars, which was partially offset by a 10 percent increase in Gold jewelry. Despite all of this, Gold prices increased ... Read More
Closing Gold & Silver Report – 5/19/2014
GOLD ERASES MORNING GAINS TO END DAY FLAT The Gold price has given back morning gains to finish near even levels Monday. News that the newly elected government in India will ease import restrictions led speculators to believe that demand for Gold would increase in the nation (India is currently the world’s second largest Gold cons... Read More
Closing Gold & Silver Report – 5/19/2014
GOLD ERASES MORNING GAINS TO END DAY FLAT The Gold price has given back morning gains to finish near even levels Monday. News that the newly elected government in India will ease import restrictions led speculators to believe that demand for Gold would increase in the nation (India is currently the world’s second largest Gold cons... Read More
Mid-Day Gold & Silver Report – 5/19/2014
METAL PRICES MAINTAIN MORNING GAINS Precious Metal prices have held on to their morning gains, while the U.S. stock market reversed into positive territory. Platinum is the strongest performer on news of continued labor disputes in South Africa. Gold prices have risen for the first time in three days on speculation that demand wi... 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.
