Precious Metals Market Reports
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
Morning Gold & Silver Market Report – 5/19/2014
METALS GAIN AS PLATINUM STRIKE CONTINUES Strong U.S. economic data is capping gains in the Gold market, though it hasn’t stopped the yellow metal from passing the $1,300 per ounce mark. While Platinum and Palladium prices continue rising due to the ongoing strike in South Africa, the Gold price is underpinned by a weaker dollar. The European Central Bank (ECB) is expected to cut interest rates soon, whi... Read More
WEEKLY GOLD & SILVER MARKET RECAP – 5/16/2014
The Gold price is set to realize a mild weekly gain today as strong U.S. economic data continues to hamper any significant rally for Precious Metals caused by the crisis in Ukraine. Reassuring unemployment numbers, good home construction figures and strong corporate earnings all point to increasing strength in the domestic economy. Benchmark equities indexes have reached all-time highs as the mounting improvement in macroeconomic data helped the Dow Jones Industrial Average and... Read More
WEEKLY GOLD & SILVER MARKET RECAP – 5/9/2014
U.S. stocks reached all-time highs on Monday with the S&P 500 and Dow Jones Industrial Average seeing little change through Tuesday. “We’ve had a stealth rally in the market to this record,” Eric Marshall, a portfolio manager at Hodges Funds, said. “The fact that we’ve moved up and hit new highs, in spite of some lingering negative sentiment is a very healthy and positive thing for the market.” Investors are now awaiting the completion of earnings season as over Read More
Mid-Day Gold & Silver Market Report – 5/16/2014
METALS ON COURSE FOR SMALL GAIN; GLOBAL EQUITIES DOWN Precious Metals are continuing to trade relatively flat through mid-day trading. U.S. consumer sentiment experiencing a slight dip and provided Gold with a boost, setting the yellow metal up for a modest weekly gain. In a note Friday, analysts at Commerzbank Commodity Research said, “real in... Read More
Morning Gold & Silver Market Report – 5/16/2014
GOLD IN NARROW RANGE ON U.S. DATA Gold and Silver turned lower in early morning trading after housing data showed higher-than-expected new home construction numbers. VTB Capital analyst Andrey Kryuchenkov said, “Gold is still stuck in a nar... Read More
Closing Gold & Silver Market Report – 5/14/2014
GOLD SLIPS AS STRONG JOBLESS DATA OVERSHADOWS UKRAINE U.S. unemployment figures dropped to their lowest level in seven years today, dragging Gold down following yesterday’s mild surge. “Jobless claims dropping below 300,000 is a big deal and people are getting convinced that the economy is showing signs of recovery,” Phil Streible,... Read More
Mid-Day Gold & Silver Market Report – 5/14/2014
PRECIOUS METALS FEEL PRESSURE AS CONSUMER PRICES RISE Precious Metals prices have continued to pullback through mid-day trading giving back some of the gains from the previous day. The combination of a rise in consumer inflation prices and a drop in U.S. jobless claims have pressured Precious Metals, while triggering a shift in investor sentiment to riskier assets. Naeem Aslam, chief market analyst at AvaTrade, said, “ Read More
Morning Gold & Silver Market Report – 5/15/2014
JOBLESS CLAIMS FALL TO SEVEN-YEAR LOW Gold slipped below $1,300 per ounce this morning as falling jobless claims and a firmer U.S. dollar offset support from the Platinum mine strike in South Africa. Societe Generale analyst Robin Bhar said, “Gold's strength is capped by a stronger dollar and better U.S. data. What is going on in Platinum and Palladium doe... Read More
Closing Gold & Silver Market Report – 5/14/2014
METALS PRICES CONTINUE CLIMB; SILVER DEMAND UP Precious Metals continued their climb through afternoon trading with Gold topping $1,300 per ounce and Silver at its highest in the past month. News that London Silver Market Fixing Ltd. will no longer publish the London Silver Fixing prices beginning in August, and a report showing physical demand rose 13 pe... Read More
Mid-Day Gold & Silver Market Report – 5/14/2014
UKRAINE CRISIS, HIGHER WHOLESALE PRICES BOOST GOLD Mounting geopolitical tension in Ukraine has boosted Gold’s safe-haven demand today. Pro-Russian separatists and government forces continue to clash leaving Ukraine on the precipice of civil war. “Things between Ukraine and Russia are simmering, and that leaves gold poised to go hi... Read More
Morning Gold & Silver Market Report – 5/14/2014
PLATINUM LIFTS GOLD Precious Metals prices are higher across the board in early-morning trading, with Gold finding surprising support from the Platinum price. The 16-week strike at South African Platinum mines has supported that metal’s price lately, and now it’s lending support to Gold. Analysts at Japanese financial holding company Nomura said in a note that “the potential for this strike to linger on... Read More
Closing Gold & Silver Market Report – 5/13/2014
GOLD STEADY WHILE MINER STRIKES BOOST PLATINUM, PALLADIUM Gold and Silver remained level today even as the U.S. economy shows signs of ongoing expansion and benchmark equities indexes remain at record levels. Platinum and Palladium are trading higher as supply concerns persist due to continued miner strikes in South Africa. The nation is responsible for a large portion of the world’s Read More
Mid-Day Gold & Silver Market Report – 5/13/2014
METALS, STOCKS FLAT AFTER DATA Gold and Silver prices were mostly flat in morning trading as stocks hovered near the record highs reached Monday. The dollar gained against the euro, hitting a one-month high against the European Union’s joint currency. Commerzbank analyst Daniel Briesemann said, “What's pointing to lower prices are the stronger equity markets, the firmer dollar. (But) it looks as though ... Read More
Morning Gold & Silver Market Report – 5/13/2014
PRECIOUS METALS UP AS DATA DISAPPOINTS Precious Metals prices are relatively flat through early morning trading after yesterday’s gains. The standoff situation in Ukraine, reports that the German central bank will consider monetary easing measures, and disappointing U.S. retail sales data have provided a boost for Gold. Peter Fertig, a consultant at Quantitative Commodity Research, said, “(A break out of that range) would only be caused by an escalation between the Wes... Read More
Closing Gold & Silver Market Report – 5/12/2014
GOLD PUSHED HIGHER AS DOLLAR WEAKENS AND UKRAINE CRISIS PERSISTS A softer U.S. dollar coupled with rising tension in Ukraine pushed Precious Metals prices higher today. The first quarter of 2014 has seen Gold and Silver remain mostly range-bound as short-term traders try to gauge comments from the Federal Reserve, improving economic... Read More
Mid-Day Gold & Silver Market Report – 5/12/2014
METALS STRENGTHEN ON UKRAINE VOTE Precious Metals have continued higher through afternoon trading, setting up what would be the end of a four session decline. News that Pro-Russian separatists declared victory in Sunday’s recession votes boosted Gold as investors consider rising tensions in the region and the fact that Western powers viewed the vote as illegitimate. In an ema... Read More
Morning Gold & Silver Market Report – 5/12/2014
SAFE-HAVEN DEMAND RETURNS FOR GOLD Gold and Silver prices rose in early-morning trading as tensions in Ukraine worsened and the U.S. dollar fell. Mitsui Precious Metals analyst David Jollie said, “We have held around $1,300 an ounce for the last month and a half, and gold needs something to shake it out of that. What could drive that? Geopolitical issues are likely to be a major driver. A change in U.S.... Read More
WEEKLY GOLD & SILVER MARKET RECAP – 5/9/2014
GOLD & SILVER PRICES CONTINUE TO FEEL PRESSURE – FALL FOR SECOND STRAIGHT WEEK Gold fell for a second straight week amid easing tensions in Ukraine. Federal Reserve Chairwoman Janet Yellen’s congressional testimony included dovish comments, but last week’s continuation of tapering and the situation in Ukraine pressured the Gold price. Gold started the week higher as Ukraine moved closer to war, according to some analysts. Saxo Bank’s head of research Ol... Read More
Mid-Day Gold & Silver Market Report – 5/9/2014
UKRAINIAN REFERENDUM KEEPS MARKETS IN HOLDING PATTERN Ukrainian separatists have ignored Russia’s appeal to postpone Sunday’s referendum and allow time for discussions between opposing parties. Precious Metal and stock prices are in a holding pattern because the results of this referendum could have conseq... Read More
Morning Gold & Silver Market Report – 5/9/2014
GOLD HEADED FOR SECOND WEEKLY DROP The Gold price is headed for its second weekly drop in as many weeks, despite being slightly higher in early-morning trading. Mitsubishi analyst Jonathan Butler said, “With a lack of any particular news on the economic front, and with the tensions in Ukraine having declined from the elevated levels we've seen recently, the market is searching for direction, stuck in a ... Read More
Closing Gold & Silver Market Report – 5/8/2014
GOLD HOLDS AS INVESTORS EYE UKRAINE, ECB The Gold price remains flat as geopolitical tensions helped buoy the yellow metal despite mild gains of Dow Jones equity shares. “Safe-haven buying has dominated jittery Gold trading since early April amid a lack of other drivers,” VTB Capital analyst Andrey Kryuchenkov said. The crisis in Ukraine ... Read More
Closing Gold & Silver Market Report – 5/8/2014
GOLD HOLDS AS INVESTORS EYE UKRAINE, ECB The Gold price remains flat as geopolitical tensions helped buoy the yellow metal despite mild gains of Dow Jones equity shares. “Safe-haven buying has dominated jittery Gold trading since early April amid a lack of other drivers,” VTB Capital analyst Andrey Kryuchenkov said. The crisis in Ukraine ... Read More
Mid-Day Gold & Silver Market Report – 5/8/2014
GOLD & SILVER PRICES LARGELY UNCHANGED – STOCKS APPROACH TRIPLE DIGITS Stocks are rising on retail news, while Gold and Silver prices continue to find support on geopolitical concerns. Yesterday, Russian President Vladimir Putin came out with comments that calmed the markets. President Putin asked Ukrainian separatists to postpone a self-rule vote to allow time for discussions to take place. His conciliatory tone took many in the West by surprise... Read More
Morning Gold & Silver Market Report – 5/8/2014
GOLD TURNS FLAT AFTER JOBLESS REPORT Precious Metals prices gave up gains after the release of the weekly jobless claims report. The report showed that new claims fell by 26,000 to the lowest level in a month. Economists, however, believe that season quirks are behind the drop as opposed to a change in trends. The four-week movi... Read More
Closing Gold & Silver Market Report – 5/7/2014
GOLD STILL DOWN ON YELLEN COMMENTS Precious Metals continued to trade lower through afternoon trading. Comments made by Federal Reserve Chairwoman Janet Yellen hinting toward a stronger U.S. economy, along with reports of talks aimed at ending the Ukraine-Russia conflict, have provided pressure to the metals. Tyler Richey, an analyst for the 7:00’s Report, which offers daily market commentary, said, “ Read More
Mid-Day Gold & Silver Market Report – 5/7/2014
GOLD FALLING TOWARDS $1290 ON PUTIN COMMENTS Russian President Vladimir Putin is asking Eastern Ukraine separatists to allow time for talks before acting on a proposed referendum, saying discussion between Kiev and Southeastern Ukraine is key to ending the crisis. “We're always being told that our forces on the Ukrainian border are a concern. We have withdrawn them. Today they are not on the Ukrainian border, th... Read More
Morning Gold & Silver Market Report – 5/7/2014
UKRAINE SUPPORTING GOLD PRICE; STRIKE SUPPORTING PLATINUM Precious Metals fell in early morning trading ahead of congressional testimony from Federal Reserve Chairwoman Janet Yellen, though the situation in Ukraine is still lending support to the Gold market in particular. Societe Generale said in a note, “Janet Yellen's testimony … in Washington is the big event on the calendar today, and the market is... Read More
Closing Gold & Silver Market Report – 5/6/2014
GOLD UNCHANGED AS UKRAINE CRISIS OFFSETS ECONOMIC DATA The Gold price remained relatively flat today as lower physical demand offset the safe-haven appeal of Precious Metals. Though it appears the U.S. economy withered slightly in the first quarter due to an extreme winter season, a narrower trade deficit and better export figures helped underpin assessments that the economy is steadily improving. With the Federal Reserve continuing to tighten its monetary stimulus program a... Read More
Mid-Day Gold & Silver Market Report – 5/6/2014
PRECIOUS METALS PRICES ARE FLAT WHILE STOCKS TAKE A HIT Gold is trading slightly down, while Silver, Platinum and Palladium are trading slightly up. Stocks pulled back from record highs. "It's hard to be bearish, but it's difficult to be bullish at all-time highs; I'd probably be more inclined to put money on the down side rather than on new highs, at least for the next few weeks," Andrew Wilkinso... Read More
Mid-Day Gold & Silver Market Report – 5/6/2014
PRECIOUS METALS PRICES ARE FLAT WHILE STOCKS TAKE A HIT Gold is trading slightly down, while Silver, Platinum and Palladium are trading slightly up. Stocks pulled back from record highs. "It's hard to be bearish, but it's difficult to be bullish at all-time highs; I'd probably be more inclined to put money on the down side rather than on new highs, at least for the next few weeks," Andrew Wilkinson, chief market ... Read More
Morning Gold & Silver Market Report – 5/6/2014
UKRAINE DOMINATES NEWS AS DOLLAR STRUGGLES Precious Metals are trading mostly flat through early morning trading after yesterday’s gains. As analysts search for positive U.S. trade data to provide evidence of an improving economy, others continue focusing on the geopolitical tension in Ukraine. INTL FCStone analyst Edward Meir said, “We have to suspect that the Ukrainian situation will continue to dominate and provide an element of support going into May, despite the cu... Read More
Closing Gold & Silver Market Report – 5/5/2014
GOLD BOOSTED ON GEOPOLITICAL TURMOIL The Gold price is higher today as violence between Ukraine and pro-Russian separatists has pushed investors to the perceived safe-haven of Precious Metals. “Civil unrest in Ukraine has everyone nervous about the integrity of the May 25 elections and the stability of the region,” Steven Scacalossi, head of global-metal sales at TD Securities, said. Though Gold has risen slightly from last year’s slump, which saw the yellow meta... Read More
Mid-Day Gold & Silver Market Report – 5/5/2014
PRECIOIUS METALS COME DOWN OFF MORNING HIGHS This week looks similar to last week in that stronger U.S. economic data is being offset by weaker data out of China and increasing concerns coming out of Ukraine. Precious Metals are still in the positive, but off morning highs. The U.S. stock market was down over 100 points before bouncing all the way back into positive territory. The U.S. service sector brought stoc... Read More
Morning Gold & Silver Market Report – 5/5/2014
UKRAINE, DATA DRIVING STOCKS DOWN, GOLD UP The Gold price hit a three week high in early-morning trading thanks to a soft U.S. dollar and tensions in Ukraine. Saxo Bank’s head of research Ole Hansen said, “Gold is trading near the highest in three weeks as Ukraine once again attracts some safe-haven demand and the dollar continues to trade on the weak side. The weakness following Friday’s strong U.S. jo... Read More
Weekly Gold & Silver Market Recap – 4/25/2014
After a week where Gold has struggled, the yellow metal rebounded on Friday. Speculation surrounding the taper of Fed stimulus measures lent weight to lower Precious Metals prices along with signs of domestic economic improvement. However, Gold and Silver were able to cap off the week with a strong rally as tension in Ukraine escalated, causing investors to seek out the safe haven appeal of Precious Metals. Gold and Silver prices shot higher on Friday morning Read More
Mid-Day Gold & Silver Market Report – 5/2/2014
U.N. HOLDS EMERGENCY MEETING ON UKRAINE Gold and Silver prices shot higher in morning trading on increased tensions in Ukraine. Thomas Capalbo of Newedge said, “Going into the long weekend with London out on Monday, there was short-covering and good physical buying after a knee-jerk selloff earlier after the job data.” Gold rose more than one percent, while Silver rose nearly three perc... Read More
Morning Gold & Silver Market Report – 5/2/2014
JOBS REPORT IMPRESSES; GOLD FLAT Gold and Silver prices were slightly higher in early-morning trading, but the release of the monthly nonfarm payrolls report from the U.S. Labor Department saw Precious Metals give up most gains. One analyst said, “The Russia-Ukraine crisis is still on the radar screen of the world marketplace. However, there has be... Read More
Closing Gold & Silver Market Report – 5/1/2014
SILVER PUSHED BELOW $19; INVESTORS AWAIT JOBS REPORT Precious Metals prices slipped again today as poor demand for Gold briefly pulled Silver down below $19 an ounce. Though Silver benefits from industrial demand more than Gold, record buying of Silver from manufacturers of jewelry all the way to solar panels is doing little to boost the ... Read More
Mid-Day Gold & Silver Market Report – 5/1/2014
SILVER HITS CHEAPEST TO GOLD IN 3 ½ YEARS – GOLD TO SILVER RATIO CLIMBS Both Gold and Silver prices have fallen this morning, although they have both bounced off morning lows. Yesterday, the Federal Reserve put forth an optimistic view of the economy despite a weaker than expected first quarter. Fed optimis... Read More
Morning Gold & Silver Market Report – 5/1/2014
GOLD DOWN ON TAPERING Gold and Silver prices fell in early-morning trading, a day after the Federal Reserve announced that it would continue tapering its quantitative easing program by another $10 billion. That announcement came even after a disappointing gross domestic product (GDP) report showed that the economy did not improve as much as expected. Natixis analyst Nic Brown said, “The Fed has looked c... Read More
Mid-Day Gold & Silver Market Report – 4/30/2014
PRECIOUS METALS PRICE SEE-SAW IN MORNING TRADING Precious Metals prices along with the U.S. stock market cannot seem to make up their mind this morning. The end result is that they are both trading relatively flat or slightly down. The day began with a positive jobs report, which boosted stocks and pushed Gold prices down. Closely following the positive news was a disappointing first quarter GDP report, which boo... Read More
Morning Gold & Silver Market Report – 4/30/2014
DISAPPOINTING GDP BOOSTS GOLD The Gold price erased nearly all losses in early-morning trading after first-quarter U.S. gross domestic product (GDP) numbers were released. Gold and Silver had fallen due to high expectations for the report and ahead of this afternoon’s Federal Reserve policy announcement. Tensions in Ukraine continue to bolster the Gold price, though HSBC analysts said, “The combination ... Read More
Closing Gold & Silver Market Report – 4/29/2014
GOLD SOFTENS AS INVESTORS WEIGH FED STATEMENT, EARNINGS The Gold price fell slightly for the second straight day as strength in U.S. equities and anticipation of another round of Federal Reserve stimulus tapering weighs on the yellow metal. “The equities continue to impact Gold prices,” Frank McGhee, head dealer at Integrated Brokerage Services LLC, said. “Also, people are waiting to hear from the Fed.” Gold received support during April as geopolitical tensions surrou... Read More
Mid-Day Gold & Silver Market Report – 4/29/2014
PRECIOUS METALS PRICES RECOVER FROM EARLY LOSSES Precious Metals prices began the day well into the red, but have since rebounded despite a strong rally in the stock market. The stock market is rising on earnings reports and the expectation that the Federal Reserve meetings this week will continue to indicate low interest rates for the immediate future. Gold also finds support in the low interest rate environment. However, Read More
Morning Gold & Silver Market Report – 4/29/2014
PRECIOUS METALS ON THE MOVE WITH NEW RUSSIAN SANCTIONS Precious Metal prices are trading slightly lower during early morning trading as investors continue to eye world news. Although traders are currently shying away from equities, many believe continued rising tensions with Russia and additional sanctions will provide a boost to Gold’s price. Stan Shamu of IG Markets wrote, “With further sanctions for Russia looking certain Read More
Closing Gold & Silver Market Report – 4/28/2014
CORPORATE EARNINGS, HOME SALES DATA SUPPRESS GOLD Gold futures are down slightly this afternoon as home sales data has reportedly made its largest gain in three years. Today’s dip brings the yellow metal’s largest rally in six weeks to an end as the housing figures coupled with the lack of alarming news from Ukraine/Russia to mildly... Read More
Mid-Day Gold & Silver Market Report – 4/28/2014
PRECIOUS METALS PRICES PULL BACK AS EQUITIES RISE Gold prices pulled back and are once again under $1,300 per ounce. Gold’s drop is “due to an orchestra of events,” Adam Koos, president and portfolio manager at Libertas Wealth Management Group, said. The first event being that the positive merger and acquisition news added confidence to th... Read More
Morning Gold & Silver Market Report – 4/28/2014
GOLD HOLDS $1,300 ON UKRAINE NEWS The Gold price has held the key $1,300 per ounce mark thanks to worries over tensions between Russia and Ukraine. VTB Capital analyst Andrey Kryuchenkov said, “The market is nearly flat, consolidating after Friday's gains, trading mostly on Ukraine headlines. The rebound at the end of last week was driven mostly by safe-haven buyers and some investor buying on new April... Read More
Weekly Gold & Silver Market Recap – 4/25/2014
Gold ends the week higher for the first time in two weeks. Geopolitical tension surrounding the situation in Ukraine remains the main motivator of higher prices this week. The yellow metal has rebounded back above the $1,300 mark as friction between east and west has escalated to its highest level since the Cold War. U.S. equities yo-yoed back and forth between strong upward momentum and selling pressure as stocks end the week lower. The S&P 500 continued to fli... Read More
Mid-Day Gold & Silver Market Report – 4/25/2014
PRECIOUS METALS CONTINUE RISE ON WORLD NEWS Precious Metals are trading higher through mid-day as investors continue to monitor the geopolitical situation in the Ukraine. Gold’s increase has set the metal up for its first weekly gain in almost two weeks. Richard Gotterer, managing director and senior financial advisor at Wescott Financial... Read More
Morning Gold & Silver Report – 4/25/2014
GOLD CROSSES $1,300 AS UKRAINE –RUSSIA TENSIONS INCREASE News coming out of the Ukraine is driving Gold up and stocks down. On Thursday, Ukrainian troops killed several pro-Russian Ukrainian rebels. Russian troops began training exercises with a mission to close Ukrainian borders. If you have money in Russia or the Ukraine, chances are you have been doing whatever you can to get it out of the country. Standard &a... Read More
Closing Gold & Silver Market Report – 4/24/2014
GOLD CLIMBS AS GEOPOLITICAL WOES PUSH INVESTORS TO SAFE-HAVEN Following a morning of wavering prices, Gold is set to end the day in positive territory as Russian military maneuvers near the Ukrainian border helped reverse downward morning momentum. Safe-haven appeal has been one catalyst crucial to a higher Gold price as the yellow metal is up roughly seven pe... Read More
Mid-Day Gold & Silver Market Report – 4/24/2014
GOLD & SILVER PRICES REBOUND SHARPLY AS TENSIONS ESCALATE IN UKRAINE Early morning trading saw Gold and Silver prices dive lower especially once technical trading kicked in. Well, the computers do not always get it right and metal prices are back in positive territory. Gold prices spiked on news coming out of Ukrain... Read More
Morning Gold & Silver Market Report – 4/24/2014
METAL PRICES TUMBLE ON TECHNICAL TRADING & CHINESE FEARS Gold prices declined and tripped key technical support levels, which triggered computer selling of Gold. As the computers kicked in with automated selling, Gold prices pushed lower. Silver prices briefly dipped below $19 per ounce, but have since rallied above this key support level. The three largest Platinum miners meet today with union officials to discuss the latest offer to end the three-month strike. Plunging... Read More
Closing Gold & Silver Market Report – 4/23/2014
GOLD HOLDS AS NEW HOMES SALES PLUNGE IN MARCH Gold and Silver prices found unexpected support when new homes sales for March came in much lower than expected, falling 14.5 percent to an adjusted annual rate of 384,000. “Up until today’s report, new-home sales had been reasonably stable for six months following a soft patch last summer,” Joshua ... Read More
Mid-Day Gold & Silver Market Report – 4/23/2014
GOLD FLOATS ABOVE 2-1/2 MONTH LOW Precious Metals prices were little-changed in early-morning trading, as the Gold price floated above a 2-1/2 month low. “We continue to watch Gold between the $1,275 (per ounce) and $1,280 (per ounce) level where key support is still apparent,” Ed Meir, metals analyst at INTL FCStone, said. The U.S. dollar and equities eased, making way for Gold’s advance. Earni... Read More
Morning Gold & Silver Market Report – 4/23/2014
UKRAINE TENSIONS & WEAKER DOLLAR PUSH GOLD PRICES HIGHER Gold has risen above a 10-week low this morning, while the U.S. Stock Market is set to open slightly in the red. Gold and Silver prices continue to be pressured by signs of a slowly emerging economic recovery on one side and the potential for the Ukraine conflict to ... Read More
Closing Gold & Silver Market Report – 4/22/2014
GOLD DOWN AS STOCK MARKET RALLIES The Gold price is ending the day slightly lower as investors throw money toward the rallying stock market. Colin Cieszynski, senior market analyst at CMC Markets, said, “There’s nothing specific about today’s Gold decline. It’s part of an overall outflow from defensive havens back into risk markets.” Fawad Razaqzada, tec... Read More
Mid-Day Gold & Silver Market Report – 4/22/2014
ETF OUTFLOWS CONTINUE TO PRESSURE GOLD PRICES Gold prices are down slightly as they head into their fourth day of losses. This modestly downward trend is fueled by traders and hedge funds selling out of ETFs. "Traders seem to have given up on gold as a provider of safe haven at the moment," Saxo Bank's head of commodity research Ole Hansen said. "Instead the focus ... Read More
Morning Gold & Silver Market Report – 4/22/2014
PRECIOUS METALS UP AS NEW SANCTIONS LOOM Precious Metals prices are beginning to trend upward through early morning trading. With Easter holiday now over, many investors are beginning to look to what is next. Analysts at Danske Bank said in a note, “The dollar has in general been supported over the recent thin Easter trading days, ... Read More
Closing Gold & Silver Market Report – 4/21/2014
GOLD SUPPRESSED BY STRONG STOCKS AND ECONOMIC FACTORS Gradual improvement in the U.S. economy is continuing to weigh on Precious Metals prices as Gold has dipped its lowest level in two weeks. The yellow metal reached a six-month high on March 17, but has since fallen 7.5 percent as uplifting employment data and an ongoing stock m... Read More
Mid-Day Gold & Silver Market Report – 4/21/2014
GOLD, SILVER PRICES DIP BELOW KEY LEVELS Sources familiar with the matter say the Chinese government has begun allowing its capital city of Beijing to import Gold. Currently, only Shenzhen and Shanghai import the yellow metal. China has become the world’s number one Gold buyer, though... Read More
Morning Gold & Silver Market Report – 4/21/2014
GOLD PRESSURED BY ETF OUTFLOWS The Gold prices are trading at a 2-1/2 week low in morning trading amid technical selling after failing to hold the $1,300 per ounce level. ANZ analyst Victor Thianpiriya said, “One aspect is that the market is pretty thin today and liquidity is going to be constrained,” but there have also been large outflows from the SPDR Gold Trust exchange-traded fund (ETF). The ETF ou... Read More
Weekly Gold & Silver Market Recap– 4/17/2014
Gold started the week looking to mount a lasting rally as the crisis surrounding Ukraine and conservative tapering of monetary stimulus measures lent momentum to Precious Metals. However, Tuesday saw a substantial selloff that forced Gold down as much as $35 per ounce. Strong domestic economic data and Gold trading above its 200-day moving average triggered the selloff as the yellow metal ended Tuesday 2 percent lower while Silver dipped below $20 an ounce. Some analysts ... Read More
Mid-Day Gold & Silver Market Report – 4/17/2014
GOLD PRICES WAIVER BETWEEN U.S.ECONOMY & UKRAINE CONCERNS Gold prices are hovering around $1,300, as investors digest news coming out of Ukraine and balance that against stronger economic data coming out of the U.S. “Markets are on one hand expecting the U.S. economy to do be... Read More
Morning Gold & Silver Market Report – 4/17/2014
SAFE-HAVEN DEMAND UP, LEADING TO PROFIT-TAKING The Gold price is mostly flat in morning trading as it holds on to the key $1,300 per ounce level. ANZ analysts believe that “Safe-haven demand for Gold will likely become a feature again in the near term (on Ukraine). But the market remains fickle, and profits are likely to be taken off the table quickly.” Also, there are some concerns over physical demand... Read More
Closing Gold & Silver Market Report – 4/16/2014
GOOD NEWS FOR GOLD, STOCKS: FED TO KEEP INTEREST RATES LOW EVEN AS ECONOMY RECOVERS Federal Reserve Chair Janet Yellen restated the Fed’s interest rate position today and made it clear low rates will remain even when the economy recovers. During a question-and-answer session at the Economic Club of New York, Yellen said, “I hope it's completely clear that while monetary policy is very accommodating at this point,... Read More
Mid-Day Gold & Silver Market Report – 4/16/2014
GOLD & SILVER PRICES STEADY AS STOCKS SOAR Gold and Silver prices are holding firm throughout morning trading despite U.S. stocks soaring above 100. The stock market is reacting favorably to higher than expected industrial production data as well as a positive earnings report. “It's a big day today, we've got 17 out of the S&P 500 reporting, and so far it's been more good than bad. There is more positive ... Read More
Morning Gold & Silver Market Report – 4/16/2014
UKRAINE TENSIONS BOOST GOLD The Gold price has steadied above $1,300 per ounce on tensions in Ukraine. VTB Capital analyst Andrey Kryuchenkov said, “The early April uptrend is now broken, and if it wasn't for Ukraine, we would be closer to $1,280.” Representatives from the U.S., European Union, Russia, and Ukraine will meet for crisis talks Thursday with hopes of negotiating peace in that region. Federal Reserv... Read More
Closing Gold & Silver Market Report – 4/15/2014
GOLD HAS WORST DAY SINCE DECEMBER; STOCKS SEE RECOVERY The Gold price dipped sharply early in the day and although it stabilized in the afternoon, it was still the sharpest decline since December 2013. Much of the decline was triggered by technical selling after Gold broke its 200-day moving average. Silver, Platinum and Palladium sold off as well. “Gold was hit by profit-taking as the rally to $1,330 on Fed minu... Read More
Mid-Day Gold & Silver Market Report - 4
IS TODAY’S GOLD SELLOFF A TECHNICAL BUY SIGN According to Richard Ross, technical analyst at Auerbach Grayson, today’s selloff represents a buying opportunity according to his technical charts. “There are some signs that make gold very attractive at these levels," Ross said. "I'm not a gold bug per se but I do like a nic... Read More
Morning Gold & Silver Market Report – 4/15/2014
GOLD DOWN 2%; SILVER BELOW $20 Solid U.S. economic data has lifted the U.S. dollar and driven Gold prices lower in morning trading. “Gold was weak all morning after yesterday's U.S data. Physical demand is (also) weak, so the selling brought it closer to the 200-day moving average, step by step,” Heraeus trader Alexander Zumpfe said. “Finally it broke.” Gold fu... Read More
Closing Gold & Silver Market Report –4/14/2014
HIGHER BORROWING COSTS, SLOW TAPERING AND WEAK ECONOMIC REPORTS BOOST GOLD Gold is trading higher again today as Federal Reserve policy continues to lend momentum to Precious Metals prices. Weak economic reports coupled with slow tapering of monetary stimulus and higher forecasted borrowing costs may push the yellow metal beyond expectat... Read More
Mid-Day Gold & Silver Market Report –4/14/2014
GOLD & SILVER PRICES MAINTAIN MORNING MOMENTUM Gold futures are heading to their highest close in three weeks. Combinations of investor skittishness about events unfolding in Ukraine and the sharp stock sell-off last week are keeping Gold prices up. It is interesting to note that Gold and Silver remain positive despite a rebounding equity market. Pallad... Read More
Morning Gold & Silver Market Report – 4/14/2014
GOLD GAINS ON UKRAINE TENSIONS The Gold price gained slightly in early morning trading on increased tensions in Ukraine. Officials in the country gave pro-Russian separatists a deadline to disarm by this morning, or a “full-scale anti-terrorist operation” will be enacted by its armed forces. ABN Amro analyst Georgette Boele said, “You have tensions between Russia and the West over Ukraine again which is... Read More
Weekly Gold & Silver Market Recap – 4/11/2014
GOLD HAS LARGEST WEEKLY GAIN IN A MONTH Gold and Silver prices both crossed key technical areas this week with Gold rising above $1,300 per ounce and Silver above $20 per ounce. The positive news for Gold and Silver prices was the following: · Indications that the Federal Reserve would not be hiking interest rates as quickly as first anticipated. · Continued risk aversion in the equity markets as investors keep a watchful eye on Ukrain... Read More
Mid-Day Gold & Silver Market Report – 4/11/2014
GOLD STEADY WHILE STOCKS CONTINUE TO SUFFER Gold is holding on to 2 ½ week highs and is heading for its biggest weekly gain in a month. Gold has benefited from the risk aversion, as evidenced by the sliding stock market and the indication that the Federal Reserve will not raise interest rates as quickly as previously expected. "Gold is supported by the Fed ... Read More
Morning Gold & Silver Market Report – 4/11/2014
GOLD RISES AS STOCKS FALL The Gold price looks poised for its largest weekly rise in a month, as the yellow metal gained for a fourth day this week. Mitsubishi Corp. analyst Jonathan Butler said, “What we saw this week was quite interesting because it emphasizes the rolling back of the seemingly hawkish stance [from the Federal Reserve] that we saw at the previous meeting and I think Gold is taking some... Read More
Closing Gold & Silver Market Report – 4/10/2014
GOLD STEADY AS DOW DROPS 267, NASDAQ DROPS 3% Jeffrey Gundlach, chief executive and chief investment officer of DoubleLine Capital, said today that the global economy could see a “deflationary scare” and added that he likes Gold as a diversifier. Speaking at an annual DoubleLine event in New York, Gundlach said, “In Europe, the inflation rate is falling. In the United States the inflation rate is lower than it wa... Read More
Mid-Day Gold & Silver Market Report – 4/10/2014
GOLD MAINTAINS GAINS, STOCK PRICES FALL Gold and Silver are holding on to momentum gained in morning trading. Stocks fell early, rebounded on the jobs report and headed downward again. The Nasdaq is down two percent as technology and biotech were especially hard hit. "Clearly investors are nervous about high-flying momentum stocks. There is a rethink on whether better earnings and economic data will s... 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.
