Precious Metals Market Reports
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
Morning Gold & Silver Market Report – 4/10/2014
GOLD, SILVER PRICES MOVING UPWARD The Gold price has continued to move upward for the third day in a row. Comments made last month by Federal Reserve Chair Janet Yellen that the Fed could end its monthly bond purchases by fall sent Gold prices lower. However, with this week’s release of the Federal Open Market Committee meeting minutes, it became apparent that Fed offic... Read More
Morning Gold & Silver Market Report – 4/10/2014
GOLD, SILVER PRICES MOVING UPWARD The Gold price has continued to move upward for the third day in a row. Comments made last month by Federal Reserve Chair Janet Yellen that the Fed could end its monthly bond purchases by Fall sent Gold prices lower. However, with this week’s release of the Federal Open Market Committee meeting minutes, it became apparent that Fed offic... Read More
Closing Gold & Silver Market Report – 4/9/2014
METALS, EQUITY MARKETS HIGHER AFTER FED MINUTES The Gold price moved into positive territory while the stock market spiked following the release of the minutes from the March Federal Open Market Committee (FOMC) meeting. "All the [U.S. Federal Reserve] knows right now is they are going to taper unless something massive happens in a negative way. This is a very accommodative Fed; Taper was accommodative plus... Read More
Mid-Day Gold & Silver Market Report – 4/9/2014
GOLD & SILVER PRICES PULL BACK FROM RECENT HIGHS Gold & Silver prices are down as investors capture gains from recent highs. “Weak equity markets and the geopolitical tensions in Ukraine have given the gold price a boost, allowing it to trade back above $1,300 per troy ounce,” Commerzbank’s Eugen Weinberg, said. “Nonetheless, the latest pric... Read More
Morning Gold & Silver Market Report – 4/9/2014
METALS DOWN AS INVESTORS AWAIT FED MINUTES Precious Metals are trading relatively flat through early morning trading. As European stocks show signs of strength and the geopolitical situation in Ukraine begins to heat back up, many investors will look ahead to this afternoon’s release of minutes of the U.S. Federal Reserve’s last policy meeting. Publicly, federal officials have c... Read More
Closing Gold & Silver Market Report – 4/8/2014
GEOPOLITICAL TURMOIL BOOSTS SAFE-HAVEN DEMAND FOR GOLD Gold futures have rebounded today to breach $1,300 an ounce as geopolitical turmoil pushed investors towards the traditional safe-haven of Gold. The yellow metal is trading at its highest level in two weeks as fear of a potential civil war in Ukraine has weighed on the U.S. dollar and boosted the deman... Read More
Mid-Day Gold & Silver Market Report – 4/8/2014
PRECIOUS METALS HOLD ON TO MORNING GAINS – EQUITY MARKETS REBOUND Gold and Silver prices continue to be lifted on the ongoing events occurring in the Ukraine. Oil prices have found strong support and could be poised for a break out. Crude oil has recently consolidated above t... Read More
Morning Gold & Silver Market Report – 4/8/2014
UKRAINE TENSIONS PUSH GOLD HIGHER The Gold price is on the rise in early morning trading due to geopolitical tensions in Ukraine, which have escalated. Some Ukrainian separatists have taken up arms, and Russia’s foreign ministry said in a statement, “We call for the immediate cessation of any military preparations, which are f... Read More
Closing Gold & Silver Market Report – 4/7/2014
GOLD DIPS ON FED FORECASTS; COULD STOCK SELL-OFF INFLUENCE BULLION BUYING? Gold and Silver prices have fallen slightly today as investors continue to ponder ongoing reduction in the scale of monetary stimulus. “While the recent U.S. payroll data was just below forecasts, we believe the Federal Reserve will continue to scale back s... Read More
Mid-Day Gold & Silver Market Report – 4/7/2014
TECH SELL-OFF SPREADS WORLD WIDE – GOLD & SILVER PRICES DOWN MODESTLY Relative to the plunging stock market, Gold and Silver prices have declined only modestly this morning. Gold has dipped below $1,300 and Silver below $20. Investors are taking profits gained last week off the table. “In hindsight, the non-farm payrolls were relatively disappoin... Read More
Morning Gold & Silver Market Report – 4/7/2014
GOLD HOVERS AROUND KEY PRICE POINT The Gold price is hovering around the $1,300 per ounce mark in early morning trading. With no overly-supportive news to boost the safe-haven value of the yellow metal, the Gold price is subject to economic data and technical trends. Saxo Bank’s Ole Hansen said, “If you look at the overall quarter, (the s... Read More
Weekly Gold & Silver Market Recap – 4/4/2014
GOLD SOFTENED BY STOCK RALLY A rally in U.S. equities quelled the safe-haven demand for Gold Monday, pushing the yellow metal to its lowest level in six weeks. “The rally in the equity market is keeping prices under pressure,” George Gero, a vice president and Precious Metal strategist at RBC Capital Markets, said. “The market players hav... Read More
Mid-Day Gold & Silver Market Report – 4/4/2014
GOLD & SILVER PRICES CONTINUE MORNING RALLY Gold and Silver were both up prior to this morning’s jobs report and they have continued upward through morning trading. “The slight miss on the downside for jobs growth in March falls into the camp of the U.S. monetary policy doves,” Jim Wyckoff, senior precious metals analysts, said. “That’s... Read More
Morning Gold & Silver Market Report – 4/4/2014
GOLD, SILVER UP ON JOBS REPORT Gold and Silver prices have been declining this week but are up in morning trading due to the declining prices holding against technical levels and in anticipation of the widely anticipated positive jobs report. “For two days in a row, Gold’s been trying to break below $1,280 [per ounce] and each... Read More
Mid-Day Gold & Silver Market Report – 4/3/2014
GOLD PRICES DIP ON EUROPEAN CENTRAL BANK DECISION As widely expected, the European Central Bank (ECB) chose to leave interest rates unchanged despite growing deflationary concerns in the eurozone. ECB President Mario Draghi said in a news conference Thursday that “there was ample and rich discussion” of all measures that could be taken, includi... Read More
Morning Gold & Silver Market Report – 4/3/2014
GOLD LOWER AHEAD OF JOBS DATA Precious Metals gave up yesterday’s gains in overnight trading, which could be a sign of further buying opportunities for the metals. MKS SA head of trading Afshin Nabavi said, “The potential for Gold prices to move lower in the next couple of sessions seems greater now because of the incumbent macro events… Although the ECB is unlikely to change the interest rates, there m... Read More
Mid-Day Gold & Silver Market Report – 4/2/2014
PRECIOUS METALS PRICES ARE ON THE RISE Precious Metals prices are all on the upswing this morning despite a positive jobs report. Rising metal prices can most likely be attributed to Fed Chairwoman Janet Yellen’s statement on Monday that the FED was into quantitative easing (QE) for the long haul. Dennis Gartman, author of the Gartman letter, said, “I’ve been at this 40 years, and I've learned one thing: Don't fight ... Read More
Morning Gold & Silver Market Report – 4/2/2014
GOLD REBOUNDS ON INVESTOR NERVES Precious Metals prices are broadly higher in early morning trading, shrugging off a positive report from Automatic Data Processing (ADP). Further data is due this week, which investors are anxiously awaiting to gauge the U.S. economy. Analysts believe that even in the face of strong U.S. data, the Gold price could be protected in some way by Federal Reserve Chairwoman Ja... Read More
Closing Gold & Silver Market Report – 4/1/2014
STOCK RALLY WEIGHS ON GOLD The Gold price continues to come under pressure as an ongoing rally in equities has forced the yellow metal down slightly today. As tensions ease in Ukraine and the S&P 500 reaches another all-time high, little was able to halt Gold from settling near its lowest price in seven weeks. Though it ... Read More
Mid-Day Gold & Silver Market Report – 4/1/2014
AUTOMOBILE DEMAND MAY DRIVE PLATINUM & PALLADIUM HIGHER According to Frank Holmes, Chief Investment Officer for U.S. Global, Platinum and Palladium may be the solutions to the pollution problem as these two metals are the two most underreported commodities. He stated that the long-term upside is tremendous, as the automobile industry expands in China and other un... Read More
Morning Gold & Silver Market Report – 4/1/2014
PRECIOUS METALS OPEN HIGHER AHEAD OF DATA Precious Metal prices are slowly moving up through early morning trading, rebounding from yesterday’s losses. As the situation in the Ukraine begins to lose its hold on major news headlines, investors await direction from U.S. economic data and a statement from the European Central Bank later this week. Andrey Kryuchenko... Read More
Closing Gold & Silver Market Report – 3/31/2014
GOLD SOFTENED BY STOCK RALLY A rally in U.S. equities quelled the safe-haven demand for Gold today, pushing the yellow metal to its lowest level in six weeks. “The rally in the equity market is keeping prices under pressure,” George Gero, a vice president and Precious Metal strategist at RBC Capital Markets, said. “The market player... Read More
Closing Gold & Silver Market Report – 3/31/2014
GOLD SOFTENED BY STOCK RALLY A rally in U.S. equities quelled the safe-haven demand for Gold today, pushing the yellow metal to its lowest level in six weeks. “The rally in the equity market is keeping prices under pressure,” George Gero, a vice president and Precious Metal strategist at RBC Capital Markets, said. “The market player... Read More
Mid-Day Gold & Silver Market Report – 3/31/2014
FED CHAIRMAN YELLEN: WE ARE IN IT FOR THE LONG HAUL Speaking in Chicago today, Federal Chairwoman Janet Yellen said, the “labor conditions are tougher than in other recessions.” She added the Fed's "extraordinary commitment, [in the form of massive bond-buying and ultra-low interest rates], is still needed, and will be for some time." In a prior speech given by Yellen, investors read indicatio... Read More
Morning Gold & Silver Market Report – 3/31/2014
GOLD FLAT, SILVER HIGHER AHEAD OF JOBS REPORT The Gold price is relatively flat while the Silver price is trading higher in early morning trading. Gold fell around three percent last week and is headed for its first monthly decline in 2014. Standard Bank’s Walter de Wet said, “The positive news is that if the Gold price falls far enough, Asia demand w... Read More
Weekly Gold & Silver Market Recap – 3/28/2014
GOLD FALLS ON STRONGER DOLLAR Gold ended Monday down nearly two percent as investor concerns grew over rising U.S. interest rates. The market turned somewhat bearish last week after Federal Reserve Chairwoman Janet Yellen stated the Fed’s plan to end its monthly bond buying program and possibly raising interest rates shortly after the current fiscal policy ends. "Momentum investors are capitaliz... Read More
Mid-Day Gold & Silver Market Report – 3/28/2014
METALS SHOW SLIGHT TREND UPWARD DESPITE FALLING EURO Gold has been trading slightly lower throughout the morning, while Silver has maintained small gains. This relative price stability is unusual in an environment of a falling euro and a strengthening U.S. dollar. The European Central Bank (ECB) is keeping a close watch on deflationary pressures especially coming out of Spain. Earlier this week, ECB Governing Council member Jens Weidmann – governor of Germany's Bundesbank - ... Read More
Morning Gold & Silver Market Report – 3/28/2014
GOLD REMAINS BELOW $1,300 ON DECLINING TENSIONS Gold and Silver prices remain below the $1,300 per ounce and $20.00 per ounce levels respectively this morning. VTB Capital analyst Andrey Kryuchenkov said, “Considering that geopolitical tensions have somewhat abated and risk sentiment has improved after good U.S. data, you will barely see any safe-haven buying at this point and there is nothing to hold G... Read More
Mid-Day Gold & Silver Market Report – 3/27/2014
METALS FEEL PRESSURE FROM ECONOMIC DATA AND STRONGER DOLLAR Precious Metals are continuing to trade lower through mid-day trading as the U.S. dollar edged higher. Data released Tuesday showed better than expected growth in the U.S. economy and a fall in weekly jobless claims. This in turn has pressured metals with Gold currently trading under $1,300.... Read More
Morning Gold & Silver Market Report – 3/27/2014
TECHNICAL SELLING BRINGS GOLD BELOW $1,300 Precious Metals prices are lower in early morning trading, and the Gold price has given up the $1,300 per ounce mark for the first time in six weeks. VTB Capital analyst Andrey Kryuchenkov explained that technical selling is a large part of why Gold has fallen this morning, saying, “Stops (were) triggered below $1,300 [per ounce]. There’s been some continuous s... Read More
Mid-Day Gold & Silver Market Report – 3/26/2014
GOLD BUOYED BY CHINESE DEMAND, POSSIBLE ECB STIMULUS The Gold price fell this morning as a stronger U.S. dollar further pressured the yellow metal. However, Gold remained above the technical level of $1,300 per ounce as robust demand from China and the prospect of a European Central Bank stimulus helped buoy Precious Metals from further experiencing furt... Read More
Morning Gold & Silver Market Report – 3/26/2014
GOLD REBOUNDS DESPITE STRONGER DOLLAR The Gold price has rebounded from its five-week low, although it is still facing resistance from a stronger U.S. dollar. Macquarie analyst Matthew Turner said, “Improving US data suggests the gold price should continue moving lower, but uncertainty about geopolitical events are tempering bears' conviction.” Turner also said that Chinese demand could play a large par... Read More
Closing Gold & Silver Market Report – 3/25/2014
GOLD DEADLOCKED ON YELLEN COMMENTS AND UKRAINE RISK The Gold price remains relatively flat today as escalating tension in Ukraine helped stall the dip the yellow metal has experienced since the latest Federal Open Market Committee Meeting. “There is some safe-haven buying because of Russia,” Tom Power, a senior commodity broker at... Read More
Mid-Day Gold & Silver Market Report – 3/25/2014
INVESTORS FOCUS ON DATA The Gold price has remained mostly flat in morning trading. A firmer U.S. dollar is pressuring the yellow metal’s price, and profit-taking appears to also be taking a toll. Mitsubishi analyst Jonathan Butler said, “Investors are moving on to the macroeconomic factors although there is still a lot of talk of sanctions against Russia.” Butler appears to be referring to Gold’s statu... Read More
Morning Gold & Silver Market Report – 3/25/2014
GOLD UP AHEAD OF DATA; ECB ECONOMIES STRUGGLE Precious Metals are trading relatively flat through early morning trading as investors look forward to economic data being released on Tuesday. When asked his opinion on Gold’s recent shortcomings, Eugen Weinberg, head of commodity research at Commerzbank said, “due no doubt to further profit-taking after net long positions in Gol... Read More
Closing Gold & Silver Market Report – 3/24/2014
GOLD FALLS ON STRONGER DOLLAR; ECONOMISTS BELIEVE IMPROVEMENT COMING Gold ended the day down nearly two percent as investor concerns grow over rising U.S. interest rates. The market turned somewhat bearish last week after Federal Reserve Chairwoman Janet Yellen stated the Fed’s plan to end its monthly bond buying program and possibly raise interest rates shortly after the current fiscal policy ends. " Read More
Mid-Day Gold & Silver Market Report – 3/24/2014
GOLD DIPS AS PROPSECTS FOR THE U.S. DOLLAR STRENGTHEN The Gold price has fallen to its lowest level in one month as expectations for higher interest rates and the forthcoming end to quantitative easing are boosting prospects for the U.S. dollar. Gold experienced a significant rally earlier this month as geopolitical tensions in Uk... Read More
Morning Gold & Silver Market Report – 3/24/2014
GOLD LOWER ON STRONGER DOLLAR Gold and Silver prices are approximately one percent lower in early-morning trading due to a stronger U.S. dollar. Natixis analyst Bernard Dahdah said, “Gold started dropping once the [U.S. Federal Reserve] came out with the rate news. We saw increasing strength in the dollar, and 10-year U.S. yields increased quite sharply. With higher yields you get a higher opportunity c... Read More
Weekly Gold & Silver Market Recap – 3/21/2014
GOLD HITS SIX MONTH HIGH Gold hit a fresh six-month high Monday morning following a vote in Crimea to break from Ukraine. Western countries began warning Russia of sanctions after the vote, spurring geopolitical tensions that are generally positive for Gold. Societe Generale analyst Robin Bhar said, “It's definitely soft economic data, risk aversion, Ukraine and geopolitical tensions. Also there is mor... Read More
Mid-Day Gold & Silver Market Report – 3/21/2014
METALS TRADING HIGHER; U.S. DOLLAR LOSES GROUND Precious Metals are continuing to trade mostly higher through mid-day trading. However, even with today’s price increase, Gold is set for its biggest weekly pullback in nearly four months. Jonathan Citrin, founder and executive chairman of CitrinGroup said, “Gold has had an interesting ride as it pinballs between ... Read More
Morning Gold & Silver Market Report – 3/21/2014
GOLD OUTPERFORMING EVERYTHING IN 2014 Precious Metals are mostly higher in early-morning trading. After a rough year in 2013, “Gold is beating nearly every investment this year,” according to MarketWatch. Mike McGlone, head of research at ETF Securities, said, “The world’s primary asset measure, the S&P 500, reached all-time … highs in 201... Read More
Closing Gold & Silver Market Report – 3/20/2014
PRECIOUS METALS PRICES CONTINUE TO FALL; MORE SANCTIONS FOR RUSSIA Precious Metals continue to lose steam and are trading lower through afternoon trading. As investors continue to monitor the geopolitical situation in the Ukraine, Gold prices have decreased based on the perception that the situation will escalate. Saxo Bank's head of commodities research, Ole Hansen, said, “The risk related to Ukraine has not gone away... Read More
Mid-Day Gold & Silver Market Report – 3/20/2014
GOLD DOWN ON YELLEN COMMENTS Gold and Silver are down for the fourth straight session as the market continues to react to the Federal Reserve’s commitment to continued asset purchase reduction. With the ongoing taper of monetary stimulus measures, Fed Chairwoman Janet Yellen also indicated a time frame of “around six months” before the Fed will b... Read More
Morning Gold & Silver Market Report – 3/20/2014
GOLD HITS THREE WEEK LOW AFTER FED COMMENTS The Gold price hit a three-week low Thursday after Federal Reserve Chairwoman Janet Yellen made hawkish comments on monetary policy. These comments, plus an apparent easing of tensions in Ukraine, are negative for Gold, according to Saxo Bank’s head of commodities research Ole Hansen. Hansen said, “The market is now busy pricing in higher rates sooner than pre... Read More
Closing Gold & Silver Market Report – 3/19/2014
METALS DROP AFTER FED STATEMENT; POLICY MEETING REVEALS NEW DETAILS Precious Metals are under pressure today following U.S. Federal Reserve Chairwoman Janet Yellen’s statement that interest rates will remain low after the U.S. economy stabilizes. The Fed had previously announced interest rates would increase once the job market recovered to a rate of 6.5 percent and inflation rose to a targeted point, so this news threw the market into a frenzy. Over the past co... Read More
Mid-Day Gold & Silver Market Report – 3/19/2014
GOLD DIPS ON FED MEETING EXPECTATIONS A stronger dollar has weighed on the Gold price today as investors await the outcome of the Federal Reserve’s monthly policy meeting. Resounding expectations are that the Federal Reserve will deem the U.S. economy strong enough to continue its current pace of asset purchase reduction. “Today rea... Read More
Morning Gold & Silver Market Report – 3/19/2014
GOLD, SILVER DOWN AS FED DECISION LOOMS Gold and Silver prices traded lower Wednesday morning ahead of the U.S. Federal Reserve’s policy decision regarding its monthly bond buying program. Commerzbank commodity analyst Daniel Briesemann said, “The move down for Gold has started at the beginning of the week and one reason is that clearly the Crimean crisis is being priced out, resulting in some risk appe... Read More
Mid-Day Gold & Silver Market Report – 3/18/2014
PUTIN COMMENTS, FOMC MEETING WEIGH ON GOLD After reaching a six-month high yesterday on concerns regarding the crisis in Ukraine, Gold has fallen on comments from Russian President Vladimir Putin that comforted the international community’s anxiety about further land acquisition in Ukraine and escalating tension in the region. As t... Read More
Morning Gold & Silver Market Report – 3/18/2014
CRIMEA, FED MEETING SET TO IMPACT PRECIOUS METALS Gold and Silver prices recovered some losses but still remain lower overall at mid-day. The U.S. Federal Reserve began its two-day policy meeting today, with a policy announcement expected Wednesday afternoon. Price movements at the moment are being influenced by the evolving situation involving Russia, Ukraine, and Crimea. Saxo Bank senior manager Ole H... Read More
Morning Gold & Silver Market Report – 3/18/2014
PRECIOUS METALS DOWN AHEAD OF FED MEETING Precious Metals prices are trading lower through early morning trading, continuing yesterday’s trend that snapped Gold’s five day streak of gains. As investors await news from the Federal Reserve’s two-day Federal Open Market Committee meeting, metals are already feeling pressure with increased volatility and... Read More
Closing Gold & Silver Market Report – 3/17/2014
GEOPOLITICAL TENSIONS PRESSURE METALS; NEXT FED MOVE ANTICIPATED Precious Metals pulled back slightly today after confirmation that Crimea voted to break away from Ukraine and Western sanctions. Today, President Barack Obama executed sanctions on 11 Russians and Ukrainians, while European Union foreign ministers have reached an agreement to enforce both travel bans and asset freezes on 21 officials from both coun... Read More
Mid-Day Gold & Silver Market Report – 3/17/2014
HEDGE FUNDS FLOCK TO GOLD Despite a slightly lower Gold price today, the yellow metal is trading at a near six-month high as hedge fund managers flock to the safe-haven appeal spurred on by tension in Ukraine. The demand for Gold has reached its highest pace since 2007 as U.S. and European Union officials discuss sanctions against R... Read More
Morning Gold & Silver Market Report – 3/17/2014
GOLD HITS SIX MONTH HIGH OVERNIGHT Gold hit a fresh six-month high Monday morning following a vote in Crimea to break from Ukraine. Western countries are warning Russia of sanctions after the vote, spurring geopolitical tensions that are generally positive for Gold. Societe Generale analyst Robin Bhar said, “It's definitely soft economic data, risk aversion, Ukraine and geopolitical tensions. Also there... Read More
Weekly Gold & Silver Market Recap – 3/14/2014
GOLD PRICES REALIZE ANOTHER WEEKLY GAIN ON GEOPOLITICAL TENSIONS Precious Metals continued to gain ground this week. Gold’s safe haven appeal has been boosted with low demand for U.S. equities, a weaker U.S. dollar and geopolitical concerns about Ukraine. These factors have Gold set for a gain of more than 3 percent for the week. When asked what he at... Read More
Mid-Day Gold & Silver Market Report – 3/14/2014
GOLD RISING AS INVESTORS AWAIT DIRECTION Precious Metals continue to trade slightly higher through mid-day trading. Gold’s safe haven appeal has been boosted with low demand for U.S. equities, a weaker U.S. dollar and geopolitical concerns about Ukraine. These factors have Gold set for a gain of more than 3 percent for the week. When asked what he att... Read More
Morning Gold & Silver Market Report – 3/14/2014
DATA DRIVES GOLD HIGHER Precious Metals prices are trading slightly higher in early morning trading. The Producer Price Index for February was released this morning and showed a decrease of 0.1 percent, lower than the expected rise of 0.2 percent. This drove U.S. stock futures down while Precious Metals added to gains. Ste... Read More
Closing Gold & Silver Market Report – 3/12/2014
GOLD UP AS UKRAINE, CHINA DOMINATE NEWS Gold prices continued to slowly rise through afternoon trading as the metals gained momentum. A drop in U.S. equities, disappointing economic data from China and the ongoing situation in Ukraine are providing metal prices with a boost with Gold set for its highest closing price in six months and fourth consecutive session gain.... Read More
Mid-Day Gold & Silver Market Report – 3/13/2014
GOLD RELATIVELY FLAT AS GLOBAL ISSUES REMAIN MOTIVATING FACTOR The Gold price has rebounded from morning lows caused by optimism on the heels of a strong jobless claims report and upbeat retail sales figures from February. “The market is reacting to today’s U.S. data,” Alfonso Esparza, senior currency at Oanda Corp., said. “The Ukr... Read More
Morning Gold & Silver Market Report – 3/13/2014
GOLD HITS NEW HIGH BEFORE DATA The Gold price has fallen since hitting a six-month high early Thursday morning. The weekly jobless claims report showed the fewest number of claims since November, driving the Gold price lower and U.S. stock futures higher. Upbeat economic data continued as U.S. retail sales Read More
Closing Gold & Silver Market Report – 3/12/2014
GOLD SHINES AS SAFE HAVEN ASSET; PLATINUM RISES FROM ONGOING STRIKE Gold soared to a 19-week high today as investors flocked to the yellow metal’s safe haven appeal on the realization that China is capable of strong growth. Overall, Gold has climbed 13 percent from last year’s decline with China now the world’s largest Gold consumer. “Gold is ... Read More
Mid-Day Gold & Silver Market Report – 3/12/2014
GLOBAL CIRCUMSTANCES BOOST SAFE-HAVEN APPEAL OF GOLD Gold is higher for a third straight session as tension in Ukraine and sluggish Chinese economic growth influence the yellow metal’s upward momentum. “Geopolitical tensions are set to remain high, which should lead to safe-haven demand,” Mark O’Byrne, executive director at GoldCore, said. “Concerns about ... Read More
Morning Gold & Silver Market Report – 3/12/2014
CHINA, UKRAINE DRIVE GOLD UP, STOCKS DOWN Economic troubles in China and geopolitical tensions in Ukraine have boosted the Gold price to a 5 1/2 month high and pressured U.S. stock futures lower. China is a booming market for Gold, and Macquarie analyst Matthew Turner said, “The increase in Asian physical Gold demand over the past ten years has been largely due to the huge rise in wealth in that region,... Read More
Closing Gold & Silver Market Report – 3/11/2014
GOLD BENEFITS FROM UKRAINE CRISIS, SLOW CHINESE GROWTH The crisis in Ukraine has boosted Gold for the second straight session as investors seek the yellow metal’s safe-haven position. As the Ukrainian military began preparatory drills and Russia continues its occupation of the Crimean Peninsula, investors perceive heightening tensi... Read More
Mid-Day Gold & Silver Market Report – 3/11/2014
MIXED DATA LEAVE GOLD, STOCKS FLAT Precious Metals prices reacted negatively to a volatile stock market that inched its way higher during morning trading. Kim Caughey Forrest, portfolio manager and senior equity analyst at Fort Pitt Capital, said, “Markets are confused right now, after getting conflicting set of data. On the one hand, job op... Read More
Morning Gold & Silver Market Report – 3/11/2014
PRECIOUS METALS UP ON WEAK CHINESE DATA AND UKRAINE Precious Metals opened Tuesday trading higher as investors take in news from around the world. Data released Tuesday is helping fuel fears of a Chinese economic growth slowdown. Also, with the crisis in the Ukraine continuing to escalate many feel investors will turn to “safer” assets like Gold. Peter Fertig, Quantitative Commodity Research owner said, "The situation in Ukraine in itself has led to some saf... Read More
Mid-Day Gold & Silver Market Report – 3/10/2014
GOLD UP AS CHINESE DATA RAISES QUESTIONS ABOUT GLOBAL GROWTH The Gold price is up slightly today as weak growth data from China helped lift the yellow metal from morning lows. Gold has recently benefited as a safe-haven from a variety of domestic and global economic and political concerns. “Extreme weather, drought, the Ukrainian crisis and cheap v... Read More
Morning Gold & Silver Market Report – 3/10/2014
GOLD FLAT ON ECONOMIC DATA Gold and Silver prices are flat in early morning trading. Last week’s U.S. payrolls data has most investors thinking positively of the state of the economy, putting pressure on the Gold price. Societe Generale analyst Robin Bhar said, “Clearly Gold is battling headwinds coming from the improving U.S. economy, certainly on the jobs front. We see a close (negative) correlation b... Read More
Weekly Gold & Silver Market Recap – 3/7/2014
GOLD HITS FOUR MONTH HIGH WITH UKRAINE CRISIS Gold climbed to a four-month high Monday due to growing geopolitical tension. With Russia’s involvement in the Ukraine crisis and potential U.S. intervention, many are comparing the situation to the Cold War. The U.S. dollar fell due to the geopolitical tension. Simon Smith, ... Read More
Mid-Day Gold & Silver Market Report – 3/7/2014
GOLD DOWN WITH JOBS REPORT AS INVESTORS WATCH SITUATION IN UKRAINE Precious Metals prices continue to trade lower through mid-day trading. The release of Friday’s U.S. jobs report has pressured metals and has given the U.S. dollar a boost. As investors take in Friday’s news and continue to monitor the ongoing situation in Ukraine, some analysts think this could just be the beginning of market movement yet to come. VTB Capital analyst Andrey Kryuchenkov said... Read More
Morning Gold & Silver Market Report – 3/7/2014
JOBS REPORT EXCEEDS LOWERED EXPECTATIONS Precious Metals prices fell after the release of the U.S. Labor Department’s monthly nonfarm payrolls report. Economists expected an additional 140,000 jobs in February, while in reality the report showed 175,000 jobs were added. The unemployment rate, however, rose to 6.7 percent. The La... Read More
Mid-Day Gold & Silver Market Report – 3/6/2014
GOLD TRADES IN TIGHT RANGE AS INVESTORS AWAIT FURTHER JOBS DATA Gold is trading slightly higher at mid-day, rebounding from morning lows as investors continue to eye the Ukrainian crisis and monthly U.S. jobs data tomorrow. Gold has been range-bound over the last few sessions as domestic and global news has failed to influence the yellow metal from bre... Read More
Morning Gold & Silver Market Report – 3/6/2014
INVESTOR FOCUS SHIFTS BACK TO ECONOMY Gold and Silver prices dipped on slightly upbeat jobless claims data. The U.S. Labor Department’s report showed new claims for unemployment benefits fell by 26,000 last week, with the expectation among economists being a drop of 14,000. However, the four-week moving average, often seen as ... Read More
Closing Gold & Silver Market Report – 3/5/2014
PRIVATE-SECTOR JOBS REPORT SUPPORTS GOLD; U.S. MINT RELEASING PLATINUM EAGLES The Gold price climbed from its lows today once the U.S. private-sector jobs report showed weaker than expected data. Talks that Washington and Moscow are attempting to resolve tensions in Ukraine left little support for Gold as a safe haven asset, which explains why prices did not jump from the poor jobs data. Jan Skoyles, head of research at The Real Asset Co., said “As we have seen ... Read More
Mid-Day Gold & Silver Market Report – 3/5/2014
GOLD FLAT, PLATINUM AND PALLADIUM HIGHER WITH ONGOING MINE STRIKE Gold and Silver have so far experienced little change today as investors continue to weigh the severity of crisis in Ukraine. While Gold and Silver trade flat, Platinum and Palladium prices are significantly higher today as a mine strike in South Africa continues in... Read More
Morning Gold & Silver Market Report – 3/5/2014
JOBS DATA LIFTS GOLD The Gold price erased some early losses after the release of the Automatic Data Processing private-sector jobs report. Though economists had forecast the economy adding 160,000 jobs, the report showed 139,000 jobs were added in February. ADP also revised January’s gain from 175,000 to 127,000. ... Read More
Closing Gold & Silver Market Report – 3/4/2014
GOLD UP, STOCKS DOWN FOLLOWING REASSURING WORDS FROM PUTIN Gold fell from highs reached following yesterday’s surge. Russian President Vladimir Putin helped to ease tension surrounding an impending conflict in Ukraine. “The situation [in Ukraine] seems to have calmed down a bit, and that’s pushing gold lower,” Phil Streible, s... Read More
Mid-Day Gold & Silver Market Report – 3/4/2014
EMERGING MARKETS TO DEFINE GOLD’S COURSE Precious Metals prices were relatively unchanged in morning trading as investors continue to track the situation in Ukraine. The Gold price is lower overall today because of profit-taking, according to analysts at India’s ICICI Bank. James Steel, chief Precious Metals analyst at HSBC, wrote, “We would... Read More
Morning Gold & Silver Market Report – 3/4/2014
METALS PULLBACK; U.S. STOCKS UP ON PUTIN COMMENTS Precious metals opened with lower trading giving back some of yesterday’s gains. With no new economic data being released investors are keeping a close eye on the up and down situation in Ukraine. Rebecca O’Keeffe, head of investment at stockbroker Interactive Investor said... Read More
Closing Gold & Silver Market Report – 3/3/2014
POSSIBLE MILITARY FORCE IN UKRAINE PROVIDES SUPPORT FOR GOLD; U.S. STOCK MARKET DROPS SHARPLY As tensions in Ukraine continue to intensify, so does the appeal of safe-haven assets such as Gold. The yellow metal jumped 2.2 percent today along with U.S. crude oil as it rose to its highest level since December of last year to settle at $104.92 a barrel. "In... Read More
Mid-Day Gold & Silver Market Report – 3/3/2014
GEOPOLITICAL TENSION DRIVES GOLD HIGHER Gold continued its climb in morning trading, adding to a four-month high achieved overnight. With Russia’s involvement in the Ukraine crisis and potential U.S. intervention, many are comparing the situation to the Cold War. The U.S. dollar fell due to the geopolitical tension. Simon Smith, chief economist at FxPro,... 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.
