Precious Metals Market Reports
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
Morning Gold & Silver Market Report – 3/3/2014
GOLD HITS FOUR MONTH HIGH ON UKRAINE CRISIS The Gold price reached a four-month high in overnight trading with an increased safe-haven appeal. Mitsubishi Corp analyst Jonathan Butler said, “Clearly, there is an ongoing shift in sentiment indicative of investors seeing some upside from geopolitical concerns, some safe-haven bids coming out of emerging markets and possibly a more neutral outlook towards e... Read More
Weekly Gold & Silver Market Recap – 2/28/2014
PRECIOUS METALS RISE WITH SAFE HAVEN APPEAL Precious Metals opened the week with strong gains from investors’ concern over poor U.S. economic data along with Ukrainian financial woes as the nation expressed it requires $35 billion to avoid monetary default on its debt. “There is some safe-haven buying because of continued signs of slowing g... Read More
Mid-Day Gold & Silver Market Report – 2/28/2014
PRECIOUS METALS TRADING LOWER AS INVESTORS WAIT FOR DIRECITON Precious Metals are trading slightly lower since this morning’s open. A rise in U.S. equities along with data from the Chicago business barometer showing an increase in consumer sentiment has provided pressure to the metals. As tensions continue to rise in Ukraine, Gold’s safe haven appeal could get a big boost. An... Read More
Morning Gold & Silver Market Report – 2/28/2014
GOLD FLAT AFTER GDP REVISION The Gold price remained steady in early morning trading after a fourth quarter gross domestic product (GDP) revision disappointed investors. Economic and geopolitical turmoil appear to be boosting Gold’s safe-haven appeal. Macquarie analys... Read More
Closing Gold & Silver Market Report – 2/27/2014
METALS CONTINUE TO REBOUND AFTER YELLEN COMMENTS Precious Metals continued their rise through afternoon trading. With foreign political tensions dominating headlines and recent data pointing to a weaker than expected U.S. economy, many investors are turning to Gold for portfolio support. FuturePath Trading LLC trader Frank Lesh said in a telephone interview, “There is some safe-haven buying. Read More
Mid-Day Gold & Silver Market Report – 2/27/2014
GOLD REBOUNDS ON GLOBAL TURMOIL, POOR DOMESTIC ECONOMIC DATA Gold has rebounded from its first daily loss in several sessions as conflict in the Ukraine intensifies and domestic economic reports disappoint. The yellow metal experienced a lift from a weaker-than-expected jobless claims report and a dip in monthly durable goods orders as tensions escalate o... Read More
Morning Gold & Silver Market Report – 2/27/2014
GOLD TRADING AGAINST THE DOLLAR Precious Metals prices are back in the black in early morning trading. For investors looking to hedge against the U.S. dollar with Gold, VTB Capital analyst Andrey Kryuchenkov said, “Given the lack of serious physical demand, bullion remains at the mercy of investor and dollar sentiment. The inverse correlation to the U.S. dollar is at highs for the year,” adding that pro... Read More
Closing Gold & Silver Market Report – 2/26/2014
METALS LOSE MOMENTUM FROM NEW HOME SALES, PROFIT TAKING Precious Metals fell today due to new U.S. home sales spiking to a five-year high, pulling the dollar up for its largest gain in three weeks. Commerce Department data showed new home sales rose to 9.6 percent, which was better than economists surveyed by Bloomberg expected. Read More
Mid-Day Gold & Silver Market Report – 2/26/2014
GOLD DOWN FOLLOWING MULTI-SESSION RALLY A stronger U.S. dollar has pulled Gold from its highest level in more than four months as expectations for ongoing monetary stimulus cuts propped up the greenback versus competing world currencies. Gold’s safe haven appeal has recently Read More
Morning Gold & Silver Market Report – 2/26/2014
GOLD DOWN AFTER EARLY GAINS The Gold price hit a fresh three-month high before profit-taking cut into gains in early-morning trading. Saxo Bank senior manager Ole Hansen said, “At the moment the market is reacting to weaker data from China and the U.S. on the assumption that if economic slowdown is confirmed then there may be some scaling back of [Federal Reserve] tapering.” Fed Chairwoman Janet Yellen ... Read More
Closing Gold & Silver Market Report – 2/25/2014
GOLD UP SLIGHTLY; STOCKS FAIL TO REACH RECORD HIGH The Gold price remains in positive territory again today as wavering economic news has pushed the yellow metal to its highest level in 17 weeks. “People are concerned about U.S. economic growth, and that’s why many people have turned bullish,” Archer Financial Services senior market strat... Read More
Mid-Day Gold & Silver Market Report – 2/25/2014
U.S. DATA BOOSTS GOLD The Gold price turned positive in morning trading, erasing losses after U.S. consumer confidence data disappointed markets. Mitsubishi analyst Jonathan Butler said, “The reading below 80 is seen as quite negative for the economic outlook and that seems to be proving sufficient to get above the rather sticky resistance level of $1,337 (per ounce). If we consistently break beyond the... Read More
Morning Gold & Silver Market Report – 2/25/2014
PRECIOUS METALS TRADING FLAT AS INVESTORS EYE UPCOMING DATA Gold is trading relatively flat through early morning trading, giving back some of its previous gains. With new weak U.S. economic data expected and turmoil between governments and their citizens abroad, Gold’s decline from last year is turning around. Marex Spectron head of Precious Metals David Govett said, “So far Gold’s resilience has surprised me. We have dipped off a few times, but Read More
Closing Gold & Silver Market Report – 2/24/2014
PRECIOUS METALS RISE WITH SAFE HAVEN APPEAL Precious Metals are on the rise today from investor concern over poor U.S. economic data along with Ukrainian financial woes as the nation expressed it requires $35 billion to avoid monetary default on its debt. “There is some safe-haven buying because of continued signs of slowing growth in... Read More
Mid-Day Gold & Silver Market Report – 2/24/2014
GOLD CONTINUES RISE DESPITE WEAK GLOBAL DATA Concerns over the growth of the global economy have lifted Gold to its highest level in 3 ½ months as investors seek security following sluggish economic reports in the U.S. and China. "Short-term sentiment towards [G]old is pretty positive, but the metal should break through $1,337 to gain further momentum," Sharps Pixley director Ross Norman, said.... Read More
Morning Gold & Silver Market Report – 2/24/2014
PRECIOUS METALS UP AS INVESTORS AWAIT DATA Precious Metals prices are higher through early morning trading, with Gold staying near a three and a half month high. A combination of violence in Ukraine, a steep drop in U.S. existing home sales and a recent trend of spotty economic data have boosted Gold’s safe-haven appeal. Many investors will look for direct... Read More
Weekly Gold & Silver Market Recap – 2/21/2014
SOFT DOLLAR CONTINUES TO BUOY METALS Gold began to claw its way upward Monday to its highest level in more than three months thanks to a weaker dollar. Gold began rallying toward the end of January as emerging market concerns caused fearful investors to seek asylum in Precious Metals. As equities rebound, a softer U.S. dollar seems the only traditional factor in motivating the Gold price. "The question is ho... Read More
Mid-Day Gold & Silver Market Report – 2/21/2014
PRECIOUS METALS PROVIDED BOOST; U.S DOLLAR STRUGGLING Precious Metal prices have rebounded from yesterday’s losses and are trading higher through mid-day trading. Violence around the world has boosted Gold’s safe-haven appeal. That coupled with traders awaiting direction from upcoming speeches by Federal Reserve officials have been positive for metal prices. Gary Dugan, chief investme... Read More
Closing Gold & Silver Market Report – 2/20/2014
PRECIOUS METALS FLAT AS EQUITIES GAIN FOOTING Precious Metals are trading relatively flat through afternoon trading. A stronger U.S. dollar, along with data showing a slowdown in Chinese manufacturing activity, have provided pressure to the metals. However, even with today’s pullback, many have a positive outlook on Gold for the year. Sharps Pixley chief executive officer Ross Norman told MarketWatch, “There remains some skepticism amongst market prof... Read More
Mid-Day Gold & Silver Market Report – 2/20/2014
PROFIT-TAKING WEIGHS DOWN GOLD PRICE Gold is down slightly again today as the run up to a 3 ½ month high encouraged a round of profit-taking. Some of the profit-taking was triggered by reassuring comments included in the minutes from the recent Federal Reserve policy meeting. The minutes indicated an ongoing commitment to a steady reduction in quantitative easing (QE) measures. However, it appea... Read More
Morning Gold & Silver Market Report – 2/20/2014
DATA CONTINUES TO DISAPPOINT; DOLLAR HOLDS FIRM Precious Metals and U.S. stock futures are moderately lower in early morning trading. Though macroeconomic data has underwhelmed investors recently, the U.S. dollar has held firm this week, keeping a hard ceiling over Gold’s upward momentum. Commerzbank analyst Daniel Briesemann said, “Gold is trading in a tight range. We have seen some profit taking, but ... Read More
Closing Gold & Silver Market Report – 2/19/2014
FED MINUTES PROVIDE ANSWERS; GOLD’S WINNING STREAK ENDS The minutes from January’s Federal Reserve policy meeting were released today, showing the desire to raise interest rates once the unemployment rate drops below 6.5 percent. Several policymakers agreed to continue tapering the bond buying program by $10 billion a month if U.S. economic conditions stabilize and show growth. “It seems pretty safe to say that they are close to doing away formally with the 6.5 p... Read More
Mid-Day Gold & Silver Market Report – 2/19/2014
GOLD DOWN, SET TO BREAK NINE-DAY RALLY The Gold price is down slightly today as natural consolidation looks to end the yellow metal’s nine session rally. “Slower U.S. economic growth due to weather-related vagaries has been the key reason for gold’s rise from $1,250 to $1,332,” Chintan Karnani, chief market analyst at Insignia Consultants, said. The pullback i... Read More
Morning Gold & Silver Market Report – 2/19/2014
INVESTORS CAUTIOUS AHEAD OF FED MINUTES The Gold price is trading slightly lower as investors await the release of January’s Federal Reserve meeting minutes. MKS SA senior vice president Bernard Sin said, “The market is very cautious as it is awaiting the Fed minutes to be released later today and there is also lower demand out of China and Asia in general. Based on the technical environment though the ... Read More
Mid-Day Gold & Silver Market Report – 2/18/2014
GOLD, STOCKS FLAT BEFORE FED MINUTES The Gold price gained slightly in morning trading, but remained mostly flat after a three-day rally when it reached a 3-1/2 month high. Minutes from the Federal Reserve’s last meeting are due Wednesday. Macquarie analyst Matthew Turner said, “I suppose the interest around the FOMC minutes would be what they have to say about the slowdown in the U.S. economy, which co... Read More
Morning Gold & Silver Market Report – 2/18/2014
GOLD FLAT WITH DATA; CHINESE GOLD OVERTAKES INDIA Gold prices opened flat Tuesday after New York-area data showed a decline in manufacturing activity and investors profit-taking on the yellow metal’s recent growth. When asked her thoughts on a recent MarketWatch survey, Newedge Strategy economist Annalisa Piazza said, “Part of the decline is probably... Read More
Closing Gold & Silver Market Report – 2/17/2014
WEAK U.S. ECONOMIC DATA CONTINUES TO SUPPORT METAL PRICES After investors received confirmation that billionaire John Paulson maintained his Gold holdings last quarter, hedge funds increased to a three-month high due to slow growth in the U.S. A bullish market is returning after Gold fell 28 percent in 2013, which was the largest drop since 1981. Gold surpassed the anticipated $1,300 per ounce price last week and has remained at that supported level, while such stabili... Read More
Mid-Day Gold & Silver Market Report – 2/17/2014
SOFT DOLLAR CONTINUES TO BUOY METALS Gold continues to claw its way upward as a weaker dollar has helped lift the yellow metal to its highest level in over three months. Gold began rallying toward the end of January as emerging market concerns caused fearful investors to seek asylum in Precious Metals. As equities rebound, a softer U.S. dollar seems the only traditional factor in motivating the Gold p... Read More
Morning Gold & Silver Market Report – 2/17/2014
GOLD GAINING BELIEVERS Precious Metals prices are higher in early morning trading, while U.S. stocks are at a standstill for Presidents’ Day. Gold is gaining believers amid its 10 percent climb this year. Analysts at ScotiaMocatta said, “We are bullish Gold, targeting a full retracement back to the $1,433 [per ounce] high from August 2013,” whi... Read More
Weekly Gold & Silver Market Recap – 2/14/2014
YELLEN’S FED TESTIMONY IN FOCUS The Gold price began the week continuing to benefit from the previously reported weak U.S. jobs report released Friday. This week, all eyes were on Janet Yellen’s first testimony to Congress as the head of the U.S. Federal Reserve. Yellen was scheduled to speak to the House of Representatives Tuesday and the Senate on Thursday. Standard Bank analyst Walter de Wet said, “F... Read More
Mid-Day Gold & Silver Market Report – 2/14/2014
PRECIOUS METALS CONTINUE TO CLIMB THROUGH MID-DAY Precious Metal prices are continuing to climb through mid-day trading. An increase in physical demand and investors renewed skepticism in the U.S. economic recovery have provided a boost to metals as Gold is set for a four percent gain on the week. Naeem Aslam, chief market analyst at AvaTrade said, “Gold prices are ab... Read More
Morning Gold & Silver Market Report – 2/14/2014
GOLD SOARS IN MORNING TRADING Gold reclaimed the $1,300 per ounce level yesterday and so far isn’t looking back in early morning trading. Mitsubishi analyst Jonathan Butler said, “Gold has gone through a couple of important levels at $1,270 and $1,300 and if it manages to close around $1,310 we might look for some further gains to be made, although it could drop back. Gold has gone through a couple of i... Read More
Mid-Day Gold & Silver Market Report – 2/13/2014
INVESTORS DIGEST YELLEN COMMENTS, WEAK RETAIL NUMBERS A dip in retail sales buoyed Gold futures slightly today as Precious Metals remain largely flat, with Gold still looking to breach $1,300 an ounce. Though the slip in retail numbers from January is somewhat attributed to extreme winter conditions throughout much of the country, c... Read More
Morning Gold & Silver Market Report – 2/13/2014
JOBLESS CLAIMS, RETAIL SALES DISAPPOINT Gold is mostly flat in morning trading, holding near a three-month high after economic reports disappointed. Retail sales, expected to drop a mere 0.1 percent, dropped 0.4 percent in January, while last week’s jobless claims totals were about 9,000 higher than expected. A Hong Kong-based Precious Metals trader told Reuters, “There doesn't seem to be any logic with... Read More
Closing Gold & Silver Market Report – 2/12/2014
METALS SHOW GAINS IN 2014; CONGRESS APPROVES DEBT LIMIT INCREASE Gold’s rally continues in 2014 as the yellow metal is on its way to reaching a three-month high. The metal’s safe haven appeal remains in place after yesterday’s confirmation from Federal Reserve Chairman Janet Yellen that the U.S. economy has not reached its growth p... Read More
Mid-Day Gold & Silver Market Report – 2/12/2014
GOLD SEEKS $1,300 AS STOCKS TAKE BREATHER FOLLOWING FOUR-DAY RALLY The Gold price is higher for the fifth straight session as the yellow metal looks to break through the important technical level of $1,300. “Gold is now trading comfortable above the 100-day moving average and seems to have its sights set on $1,300,” Tyler Richey, an analyst for the 7:00’... Read More
Morning Gold & Silver Market Report – 2/12/2014
GOLD HITS RESISTANCE AND STOCKS GIVE UP GAINS The Gold price is hitting resistance in early morning trading. UBS said in a note, “Any attempt at the $1,300 psychological mark is likely to meet resistance and attract those who have been waiting for more attractive levels to close out longs or initiate shorts. Hints from the Fed Chairwoman yesterday, which were broadly in line with expectations, confirm t... Read More
Mid-Day Gold & Silver Market Report – 2/11/2014
GOLD, STOCKS RISE AMID NEWS OF FED ACCOMMODATION Gold remained on track for a fifth straight day of gains in morning trading. In regards to the testimony of the new Federal Reserve Chairwoman Janet Yellen and questions, Jeffery Wright, managing director of H.C. Wainwright, said, “[they] point to [a] longer timeline of existing interest rates regardless ... Read More
Morning Gold & Silver Market Report – 2/11/2014
GOLD UP AHEAD OF YELLEN TESTIMONY Gold prices are slightly up this morning after giving back recent gains ahead of Federal Reserve Chairwoman Janet Yellen’s testimony before the House Financial Services Committee. Yellen's prepared remarks signal the Federal Reserve will remain loose on the monetary-policy path that was set by former Federal Reserve chairman Ben Bernanke. With Yellen’s first testimony... Read More
Closing Gold & Silver Market Report – 2/10/2014
WEAKER U.S. DOLLAR SUPPORTS METAL PRICES; DECLINING ECONOMIC GROWTH EXPECTED IN 2017 Both Gold and Silver have performed extremely well today due to a weaker U.S. dollar, which hit a three-week low against other major currencies. Gold has already increased by six percent this year compared to a 70 percent climb from December 2008 to June 2011 when the Federal Reserve printed more than $2 trillion and pushed it into the financial system. As the Fed’s monetary policy sl... Read More
Mid-Day Gold & Silver Market Report – 2/10/2014
CHINESE DEMAND BOOSTS GOLD FOLLOWING LUNAR NEW YEAR The Gold price is benefiting from strong demand in China as the Lunar New Year has come to a close and investors re-enter markets. “The reopen of China’s markets after being closed in celebration of Lunar New Year since Jan. 31 is an encouraging sign for the bullion markets and may help support Gold prices,... Read More
Morning Gold & Silver Market Report – 2/10/2014
YELLEN’S FED TESTIMONY IN FOCUS The Gold price is still benefiting from the weak U.S. jobs report released Friday. This week, all eyes are on Janet Yellen’s first testimony to Congress as the head of the U.S. Federal Reserve. Yellen will speak to the House of Representatives Tuesday, and the Senate on Thursday. Standard Bank analyst Walter de Wet said, “From a macro data perspective Yellen's testimony i... Read More
Weekly Gold & Silver Market Recap – 2/7/2014
PERTH MINT SALES REFLECT HIGHER DEMAND FOR GOLD & SILVER Precious Metals ended on a positive note Monday and remain in high demand among investors, according to the Perth Mint’s monthly sales report. The Perth Mint, which is located in Australia and is the world’s second largest Gold manufacturer, behind China, reported that Gold sales increased by 10 percent in January. Also, Silver sales showed a jump of nearly eight percent for the month. Read More
Mid-Day Gold & Silver Market Report – 2/7/2014
PRECIOUS METALS CONTINUE TO RISE ON JOBS DATA Precious Metal prices have continued their rally and are still trading slightly higher through mid-day trading. As investors digest the release of January’s disappointing labor data, economists are beginning to wonder at what point Gold will break through its perceived resistance point. Jan Skoyles, head o... Read More
Morning Gold & Silver Market Report – 2/7/2014
JOBS DATA DISAPPOINTS; GOLD RALLIES The Gold price received a boost from the monthly Automatic Data Processing jobs report, released this morning. Economists were already predicting a disappointing 185,000 jobs to have been added in January due to the weather, but the report showed that just 113,000 jobs were added. The unemployment rate fell to 6.6 percent, however that figure is mostly due to workers ... Read More
Mid-Day Gold & Silver Market Report – 2/6/2014
GOLD EVEN AS HIGHER STOCKS DEPRESS EARLY GAINS The Gold price is trading flat Thursday as strong gains in U.S. equities have suppressed early gains made by the yellow metal. A drop in unemployment figures and the European Central Bank’s commitment to existing interest rates helped boost stocks today, causing a temporary pullback from session h... Read More
Morning Gold & Silver Market Report – 2/6/2014
METALS, STOCKS HIGHER AFTER JOBLESS REPORT Precious Metals are trading higher in early morning trading, ignoring a drop in weekly jobless claims. Thursday brings a European Central Bank (ECB) rate decision, with a keen eye on hints as to whether ECB president Mario Draghi is looking to ease policy further. Commerzbank analyst Carsten Fritsch explained, “These macro events are relevant for the Gold marke... Read More
Closing Gold & Silver Market Report – 2/5/2014
METALS CLIMB ON WEAK JOBS DATA; FED BOND BUYING COULD END IN 2014 Precious Metals rose today after fewer than expected jobs were created by private companies. A reported 175,000 new positions were generated in January, though the Bureau of Labor Statistics predicted 180,000. It has been suggested that severe weather conditions are to blame for concealing true jobs report data. "I don't thin... Read More
Mid-Day Gold & Silver Market Report – 2/5/2014
STOCK UNCERTAINTY BOOSTS APPEAL OF GOLD Gold is trading higher today as mixed economic reports leave room for uncertainty among investors who are dubious about the strength of the U.S. economy. Precious Metals have been trading in a tight range over the last several months but have been receiving a moderate boost as a volatile equities market has increased the safe-haven appeal of Gold and Silver. &q... Read More
Morning Gold & Silver Market Report – 2/5/2014
GOLD RETAKES SAFE HAVEN APPEAL The safe-haven appeal of Gold has lured investors away from the stock market in early morning trading. Gold has risen beyond the previous high of $1,268 per ounce that some analysts, including Marshall Gittler at IronFX, believe is a key to show upward momentum for the yellow metal. Gittler wrote that breaki... Read More
Closing Gold & Silver Market Report - 2/4/2014
GOLD SLIPS MODESTLY AS STOCKS REBOUND Gold fell slightly today although the yellow metal rebounded from early lows. A stronger dollar and a modest pick-up in equities weighed on Precious Metals. “There are some signs of stabilization today,” Frank McGhee, head dealer at Integrated Brokerage Services LLC, said referring to the... Read More
Mid-Day Gold & Silver Market Report – 2/4/2014
SILVER RECOVERS FROM EARLY LOSSES The Gold price continued to trade lower in morning trading, while the Silver price recovered into the black. Bart Melek, head of commodity strategy at TD Securities, said, “The Gold-positive flows from the loss of risk appetite, as a result of emerging-market turmoil, provided support but it was limited and short lived. So far, institutional investors continue to stay c... Read More
Morning Gold & Silver Market Recap - 2/4/2014
Precious Metals prices are trading lower today as the U.S. dollar has gained strength and equities are possibly set for a small rebound. Although Gold prices tumbled in 2013, one analyst sees a potential boom as investors prepare for Friday’s jobs report. INTL FCStone analyst Edward Meir said, “We continue to suspect that the global equity markets will likely see m... Read More
Closing Gold & Silver Market Report – 2/3/2014
PERTH MINT SALES REFLECT HIGHER DEMAND FOR GOLD & SILVER; U.S. STOCKS PERFORM POORLY Gold and Silver ended on a positive note today and are still in high demand among investors, according to the Perth Mint’s monthly sales report. The Perth Mint, which is located in Australia and is the world’s second largest Gold manufacturer, behind China, reported that Gold sales increased by 10 percent in January. Also, Silver sales showed a jump of nearly eight percent fo... Read More
Morning Gold & Silver Market Recap - 1/31/2014
STOCKS FALL, GOLD SOUGHT AS SAFE-HAVEN The Gold price was lifted today as weak manufacturing numbers and a substantial decline in U.S. stocks boosted the safe-haven appeal of Precious Metals. Following a significant price drop at the end of last week, Gold has rallied back and is currently up roughly 5 percent year-to-date. Emerging market concerns ... Read More
Weekly Gold & Silver Market Recap - 1/31/2014
PROFIT TAKING PRESSURES GOLD AND PLATINUM Profit taking was to blame for Gold’s one percent fall Monday, ahead of Tuesday and Wednesday’s Federal Reserve meeting, as investors anticipated a second round of tapering to be announced. However, Gold did perform well last week, as it was up about one percent, for its fifth consecutive weekly upswing for the first time since September 2012 Read More
Mid- Day Gold & Silver Market Report – 1/31/2014
PRECIOUS METALS FLAT AS GLOBAL EQUITIES STRUGGLE Precious Metals are trading flat through mid-day with Gold still set for a monthly gain. Around the globe, equities are down leaving market analysts to question what is in store for Gold. “There is a serious money flow from the equity market towards gold, and we think that this could continue for the next couple of weeks... Read More
Morning Gold & Silver Market Report – 1/31/2014
GOLD SHOWING NEGATIVE CORRELATION TO STOCKS The Gold price is higher in early-morning trading as major stock indices fall, though the yellow metal is slated for its first weekly fall in six weeks. Quantitative Commodity Research owner Peter Fertig explained some of the movement, saying, “You have strength of the dollar against emerging markets currencies, and that's negative for Gold. But what is also i... Read More
Closing Gold & Silver Market Report – 1/30/2014
METALS CONTINUE TO FEEL PRESSURE AS EQUITIES GAIN Precious Metal prices declined through afternoon trading. A stronger U.S. dollar and rebounding equity markets continue to pressure metals. “There's a lot of concern over what's happening overseas but in the domestic (U.S.) market GDP was pretty strong. If you see growth in the economy pointing to higher earnin... Read More
Mid-Day Gold & Silver Market Report – 1/30/2014
GOLD ERASES GAINS AS HIGHER STOCKS SUPRESS DEMAND Gold has given back yesterday’s gains as higher equities and a stronger U.S. dollar pushed investors away from the yellow metal. News that the Federal Reserve will continue tightening its quantitative easing package has sunk in, causing a reversal of initial gains realized after yesterday’s Fed summit. “Initially, Precious Me... Read More
Morning Gold & Silver Market Report – 1/30/2014
ECONOMIC DATA SENDS GOLD DOWN, STOCKS UP The negative correlation between stocks and Gold is on display in early morning trading. Economic data regarding U.S. jobless claims and fourth quarter economic growth was the catalyst for stocks reversing course into positive territory and Gold adding to losses. Jobless claims increased to 348,000, much higher than the anticipated 330,000. Fourth quarter GDP mis... Read More
Closing Gold & Silver Market Report – 1/29/2014
METALS FIND SUPPORT, STOCKS STRUGGLE ON FED ANNOUNCEMENT Precious Metals reacted exceptionally well to the Federal Reserve’s announcement of a further cut in fiscal policy, with Gold, Silver and Platinum ending the day on a positive note. Gold has been thriving this year, already rebounding 4.25 percent so far. The market is optimistic for the yellow metal a... Read More
Mid-Day Gold & Silver Market Report – 1/29/2014
EMERGING MARKET CRISIS, POOR CORPORATE EARNINGS PUSH INVESTORS TO GOLD Worldwide currencies have been weakened on the heels of an emerging markets (EM) crisis that has helped push Gold higher today. Widespread outflows of cash from emerging economies have caused pervasive volatility among global and domestic equities. Disappointing corporate earnings data coupled with the Read More
Morning Gold & Silver Market Report – 1/29/2014
METALS UP AHEAD OF FED DECISION Precious Metals prices are adding to gains in early morning trading amid a volatile equities market. Saxo Bank’s head of research Ole Hansen said, “At the moment we're seeing quite a bit of churn in the S&P (500 stock index) ahead of the open – we're now down on the day after being up earlier. That may be what's just lending support (to Gold) at the moment.” The focus... Read More
Closing Gold & Silver Market Report – 1/28/2014
STOCK RALLY DEPRESSES GOLD AHEAD OF FOMC CONCLUSION The Gold price dipped for a second straight session as stronger equities and trepidation ahead of the conclusion of tomorrow’s Federal Open Market Committee (FOMC) meeting pushed investors away from Gold. The mild dip in Precious Metals prices today reflects investor sentiment that believes the Fed will a... Read More
Morning Gold & Silver Market Report – 1/28/2014
GOLD RECOVERS FROM MONDAY’S DIP Precious Metals prices have recovered since Monday’s Closing Market Report. Peter Fertig of Quantitative Commodity Research said, “We are looking more and more at the relationship between the movements of the major international stock markets and Gold. That seems to be what's shaping the movement of prices. Read More
Closing Gold & Silver Market Report – 1/27/2014
PROFIT TAKING PRESSURES GOLD AND PLATINUM Profit taking was to blame for Gold’s one percent fall Monday, ahead of the Federal Reserve meeting this week, as investors anticipate a second round of tapering. However, Gold did perform well last week, as it was up about one percent, for its fifth consecutive weekly upswing for the first time since September 2012. P... Read More
Mid-Day Gold & Silver Market Report – 1/27/2014
GOLD EXPECTED TO TREAD WATER AHEAD OF FED ANNOUNCEMENT The possibility of further tapering of quantitative easing continues to dominate the headlines today. The Gold price has erased earlier losses to trade flat. ‘Flat’ may well be the name of the game for Gold, according to Tyler Richey, an analyst for the 7:00’s report. Richey said, “Gold ... Read More
Morning Gold & Silver Market Report – 1/27/2014
FED TAPER SPECULATION PULLS GOLD FROM TEN WEEK HIGH The Gold price has eased this morning following overnight trading that saw Gold hit its highest level in ten weeks. Poorly performing global stocks were the central factor feeding the demand for Gold last Friday and early this morning. However, speculation looms that the Federal Reserve is prepared to announce another reduction in quantitative easing (QE) measur... Read More
Weekly Gold & Silver Market Recap – 1/17/2014
GOLD REMAINS AT SIX-WEEK HIGH Lower equities and a weaker U.S. dollar buoyed Precious Metals at the beginning of the week. Though gains were modest, Gold futures traded at their highest levels in almost six weeks. "I think the worst of the outflows is behind us," Danny Laidler, head of ETF Securities' Australia and New Zealand business, said. "A lot of our clients are still holding onto Gold as a r... Read More
Mid-Day Gold & Silver Market Report – 1/24/2014
GOLD TRADING FLAT STILL SET FOR 5TH STRAIGHT WEEKLY GAIN Precious Metals prices have taken a slight pullback this afternoon, however Gold is still poised for its fifth straight weekly gain. Even with today’s decline, an approaching Fed meeting and speculation that India will lower its import duty, many investors still have a positive outlook on Gold.... Read More
Morning Gold & Silver Market Report – 1/24/2014
METALS GAIN; ALL EYES ON NEXT FED MEETING Gold and Silver prices gained in early morning trading. Economists questioned whether yesterday’s Gold price gain was sustainable due to strong outflows from exchange-traded funds, but the price turned positive overnight. Commerzbank analyst Daniel Briesemann said, “Yesterday Gold's move was down to the very weak U.S. dollar, falling U.S. bond yields and declini... Read More
Closing Gold & Silver Market Report – 1/23/2014
FALLING DOLLAR, PHYSICAL DEMAND BOOST GOLD The falling U.S. dollar continued to boost Gold’s price throughout the day, as the yellow metal rose nearly two percent. Phil Streible, a broker at R.J. O’Brien & Associates, said plainly, “The dollar is helping Gold today. Physical demand has remained steady from the East,” refer... Read More
Mid-Day Gold & Silver Market Report – 1/23/2014
GOLD PRICES RISE WITH WEAKER DOLLAR AND CHINESE DATA Gold prices continue to rise as investors digest news of a weaker U.S. dollar and the possibility of higher demand in one of the world’s largest Gold purchasing countries, India. Sonia Gandhi, leader of India’s Congress party, has reportedly asked the Indian government to relax Gold import curbs. “Should restrictions be lifted, then gold demand won’t just return to previous levels but Read More
Morning Gold & Silver Market Report – 1/23/2014
GOLD PRODUCTION TO BE CUT IN 2014 The Gold price overturned yesterday’s losses as a weaker U.S. dollar and a flat jobless claims report indicated economic growth is not as robust as predicted. Federal Reserve policymakers look to employment numbers as an overall gauge of domestic economic growth and use the data to determine the future of their quantitative easing (QE) program. Read More
Closing Gold & Silver Market Report – 1/22/2014
PLATINUM REMAINS STRONG AS STRIKES BEGIN; EUROPE TO EXIT DEBT CRISIS SOON Precious Metals prices fell Wednesday as the U.S. dollar and equities strengthened over the course of the day, which encouraged some profit taking. Gold has already felt the pressure this year as the U.S. economy continues to reflect growth and stability, along with concerns of further stimulus reduction measures. The next Federal Reserve policy meeting is set for January 28-29. The market ... Read More
Mid-Day Gold & Silver Market Report – 1/22/2014
GOLD, STOCKS STEADY AHEAD OF FED MEETING The Gold price continues to be resilient as speculation that the Federal Reserve will make another cut to monetary stimulus looms ahead of next week’s Fed policy meeting. “The market will trade sideways to lower ahead of the Fed meeting,” Frank Lesh, a trader at FuturePath Trading, said. Analysts at Bloomberg expect the Fed to continue Read More
Morning Gold & Silver Market Report – 1/22/2014
METALS UNDER PRESSURE Gold and Silver prices are mostly flat in early morning trading. Precious Metals are under heavy pressure from a booming stock market, quantitative easing tapering speculation, and a greater global economic recovery. The International Monetary Fund has raised its global growth forecast for the first time since 2012, prompted by advanced nations beginning to take over in... Read More
Closing Gold & Silver Market Report – 1/21/2014
GOLD LOWER AHEAD OF TAPER EXPECTATIONS The Gold price softened today on pressure from the anticipation of another stimulus taper. Gold is looking to break free from the bearish market that saw it lose more than 20 percent of its value during 2013. With quantitative easing (QE) slowing and stocks clawing toward new record highs, value hunting investors are buying Gold and Silver coins and bars at what they p... Read More
Mid-Day Gold & Silver Market Report – 1/21/2014
PRECIOUS METALS PRESSURED FROM QE SPECULATION Precious Metals prices are headed downward through mid-day trading, giving back gains earned at the end of last week. Speculation of continued quantitative easing (QE) tapering, a stronger U.S. dollar and a downbeat price forecast for Gold this year have weighed on Precious Metals. Mike Cullinane, head of Treasuri... 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.
