Precious Metals Market Reports
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
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
Morning Gold & Silver Market Report – 1/21/2014
TAPERING SPECULATION HAS DOLLAR UP, GOLD DOWN Gold is trading around one percent lower and Silver is trading more than two percent lower in early-morning trading as investors speculate whether the Federal Reserve will further taper its quantitative easing program next week. A second round of tapering could see the Fed’s bond-buying program cut by $10 billion to $65 billion per month. The dollar rose on ... Read More
Closing Gold & Silver Market Report – 1/20/2014
GLOBAL ECONOMIC ACTIVITY SEEN AS POSITIVE AND NEGATIVE BY ECONOMISTS As the financial year is now in full swing, it already appears to be performing at the best rate since 2008. Improved U.S. economic data is providing the Federal Reserve the opportunity to stabilize the fiscal policy currently in place to adapt to the healthy economy. However, PIMCO chief executive officer and co-chief investment off... Read More
Mid-Day Gold & Silver Market Report – 1/20/2014
GOLD SEES STRONGER ETF FLOWS, BATTLING ECONOMY IN 2014 Gold and Silver prices are modestly higher after morning trading, helped by stronger exchange-traded fund (ETF) inflows. Commerzbank analysts said, “If this turns out to signal a trend reversal, it is likely to lend buoyancy to the Gold price. The high outflows from the Gold ETFs observed sinc... Read More
Morning Gold & Silver Market Report – 1/20/2014
GOLD REMAINS AT SIX-WEEK HIGH Lower equities and a weaker dollar are buoying Precious Metals to start the week. Though gains are modest, Gold futures are trading at their highest level in almost six weeks. "Gold is grinding its way higher,” Saxo Bank senior manager Ole Hansen said. "I think the worst of the outflows is behind us," Danny Laidler, head of ETF Securities' Australia a... Read More
Weekly Gold & Silver Market Recap – 1/17/2014
GOLD STEADY AFTER FRIDAY RALLY Gold traded even Monday morning following last Friday’s weak payroll data which pushed the yellow metal to its highest level in one month. "There was some follow-through buying from Friday’s job report and rotation from equities to gold," Alliance Financial LLC., head precious metals dealer Frank McGhee said. As Gold steadies... Read More
Mid-Day Gold & Silver Market Report – 1/17/2014
PRECIOUS METALS CLIMB AS OTHER MARKETS STRUGGLE Precious Metal prices continued to climb through mid-day trading. As investors digest this week’s disappointing U.S. data, many are becoming uncertain of the U.S. economic recovery and expect rising interest rates. Bank of America Merrill Lynch analyst Michael Widmer said, “The U.S. data may not be uniforml... Read More
Morning Gold & Silver Market Report – 1/16/2014
GOLD JUMPS AS STOCKS LOSE SOME APPEAL At the end of a rather slow week for the Precious Metals market, Gold is realizing modest gains as investors exit equity positions. Following data that reflected a contraction in the numbers of U.S. homes built in December, stock index futures fell as the market digested the lackluster housing numbers. “Until the air star... Read More
Closing Gold & Silver Market Report – 1/16/2014
GOLD FINISHES FLAT AS INVESTORS AWAIT DIRECTION The Gold price closed today with a slight boost from mid-day trading. A decline in the strength of the U.S. dollar along with slipping U.S. equity markets helped provide Gold with the boost needed to finish the day with a gain for the first time in three sessions. When asked his opinion on Gold’s di... Read More
Mid-Day Gold & Silver Market Report – 1/16/2014
GOLD STILL EVEN DUE TO LACK OF MOTIVATING FACTORS Gold and Silver continue to trade even today as a slightly weaker dollar did little to boost metals out of their current trading range. "Maybe gold has taken a little bit of direction there but there is still a bit of selling preventing a move higher," Mitsubishi analyst Jonathan Butler said. New economic data is needed to influence investors... Read More
Morning Gold & Silver Market Report – 1/16/2014
JOBLESS CLAIMS DOWN; GOLD FLAT Gold and Silver are relatively flat in morning trading. The weekly jobless claims report showed a drop in new claims of 2,000 to a level not seen since before the Thanksgiving holiday. However, continuing claims rose by 174,000 for the week ending January 4. While new jobless claims are seen as a gauge of layoffs, contin... Read More
Closing Gold & Silver Market Report – 1/15/2014
GOLD FEELS PRESSURE FROM POSITIVE U.S. ECONOMIC DATA The Gold price was slightly affected today by better than expected U.S. manufacturing data. The U.S. Federal Reserve reported Wednesday in its Beige Book that the economy continues to show growth and consumer spending is on the rise. Investors expect that as economic factors fortify, the Fed may acce... Read More
Mid-Day Gold & Silver Market Report – 1/15/2014
QE EXPECTATIONS PRESSURE GOLD; ECONOMIC FIGURES PUSH S&P TO RECORD HIGH The Gold price is down from a one-month high today as ongoing speculation surrounding a reduction in Fed stimulus measures strengthens the dollar and weighs on Precious Metals. “Gold is under pressure because of the good economic recovery outlook,” Frank Lesh, a ... Read More
Morning Gold & Silver Market Report – 1/15/2014
STRONGER U.S. DOLLAR PRESSURES GOLD The strength of the U.S. dollar has U.S. stock futures rising and Precious Metals prices falling in early trading. Retail sales data released Tuesday has allowed the dollar to shrug off Friday’s disappointing jobs report, according to Saxo Bank senior manager Ole Hansen. Hansen added, “Stronger dollar and shares are a challenge for Gold... we need to see some more dat... Read More
Morning Gold & Silver Market Report – 1/14/2014
RETAIL SALES DATA DOWN AFTER REVISIONS Gold and Silver are trading slightly lower in early morning trading, and mostly unchanged after retail sales data was released. Though the data showed a rise in retail sales of 0.2 percent for the month of December, November’s data was revised lower by 0.3 percent and October’s by 0.1 percent. The year-end report showe... Read More
Closing Gold & Silver Market Report – 1/13/2014
GOLD’S MOMENTUM REMAINS; CRUDE OIL DECLINES ON GEOPOLITICAL TENSION Gold continued to climb Monday from last week’s disappointing U.S. jobs report. Several big banks have provided their 2014 outlook for Gold. Some have positive outlooks, while others are negative on the yellow metal as the U.S. economy continues to strengthen. Sharps Pixley expects Gold to have a Goldilocks year, meaning it will perform just right, with an average of $1,274 an ounce and a high o... Read More
Mid-Day Gold & Silver Market Report – 1/13/2014
JIM ROGERS HOLDING ON TO GOLD POSITION Gold and Silver prices have risen slightly in morning trading. Jim Rogers of Rogers Holdings said in an interview with Bloomberg that he believes the commodities boom is not over. Rogers said that he is not selling his Gold position, though he has hedged it. He added that though the Gold price had a bad sh... Read More
Morning Gold & Silver Market Report – 1/13/2014
GOLD STEADY AFTER FRIDAY RALLY Gold is trading even this morning as weak payroll data pushed the yellow metal to its highest level in one month. "The data came as a shock, but it seemed out of kilter with the readings we've seen in previous months," Mitsubishi Corp analyst Jonathan Butler said. "Gold's response probably reflected a lack of convi... Read More
Weekly Gold & Silver Market Recap – 1/10/2014
FLASH CRASH SEES GOLD DROP $30 Precious Metals began the week by trading flat after a brief “flash crash” early Monday morning. A large trade of about 4,200 contracts were dumped just after 10 a.m. (ET), causing the Gold price to tumble by $30 per ounce before recovering almost immediately. Ross Norman, chief executive officer at Sharps Pixley, said that the trade “ Read More
Mid-Day Gold & Silver Market Report – 1/10/2014
PRECIOUS METALS CONTINUE TO GAIN ON WEAK JOBS REPORT Precious Metals continue to show their strength through midday trading. Friday’s release of disappointing jobs data has helped metals rally as Gold sets up for its highest close in four weeks. Gold’s safe haven appeal has been provided a boost and many feel the Federal Reserve’s announcement of their decisi... Read More
Morning Gold & Silver Market Report – 1/10/2014
DISAPPOINTING JOBS REPORT BOOSTS GOLD, SILVER Gold and Silver prices surged after the release of the monthly jobs report, which showed that the economy added 74,000 jobs in December. Economists expected an increase of 193,000, so the number missed the mark by a large margin; however, the unemployment rate fell to 6.7 percent. That figure may be skew... Read More
Mid-Day Gold & Silver Market Report – 1/9/2014
INVESTORS SHOW RESTRAINT AHEAD OF JOBS REPORT The Gold price remains flat today as cautious investors await Friday’s non-farm payroll figures. Physical demand for Precious Metals continues to buoy Gold as upbeat economic data weighs on the yellow metal’s short-term prospects. “Demand for gold coins and bars was very strong las... Read More
Morning Gold & Silver Market Report – 1/9/2014
GOLD ATTEMPTS RECOVERY FROM WEEKLY LOSSES Precious Metals prices are slightly higher in early morning trading, recovering from losses incurred earlier this week. Peter Fertig with Quantitative Commodity Research explained the sentiment regarding Gold so far this year, saying, “Last year, Gold was often negatively correlated with the S&P 500. At the beginning of this year, money was flowing back from... Read More
Closing Gold & Silver Market Report – 1/8/2014
PRECIOUS METALS, U.S. STOCKS DIP ON POSITIVE ECONOMIC DATA, FED MINUTES Precious Metals fell slightly throughout the day due to the private sector reporting a better than expected increase for jobs in December. Also, the minutes from the Federal Reserve’s December Federal Open Market Committee meeting were released today. The minutes showed a ... Read More
Mid-Day Gold & Silver Market Report – 1/8/2014
PRIVATE JOBS NUMBERS WEIGH ON GOLD; INVESTORS AWAIT FED MINUTES The Gold price slid down this morning as data was released showing December as the greatest month of jobs creation in over a year. With employment figures depicting continued improvement, investors will now await the release of the Federal Open Market Committee minutes from December to gain furt... Read More
Morning Gold & Silver Market Report – 1/8/2014
METALS FALL ON UPBEAT DATA Precious Metals traded lower today, with Silver falling the most at nearly 1.5 percent. Many economists are looking at today’s Automatic Data Processing (ADP) private-sector jobs report for clues to how the U.S. government’s nonfarms payrolls report will unfold Friday. Minutes from the latest Federal Open Market Committee meeting will be released this afternoon and will be ana... Read More
Closing Gold & Silver Market Report – 1/7/2014
QUANTITATIVE EASING STILL CENTRAL INVESTOR FOCUS Gold took its largest dip in a week Tuesday as investors prepare for Wednesday’s release of the minutes from the Federal Reserve’s December policy meeting. “People want to know how serious the Fed is about easing, and tomorrow more details will come out,” TD Securities head of commo... Read More
Mid-Day Gold & Silver Market Report – 1/7/2014
SINKING TRADE DEFICIT BOOSTS DOLLAR, PRESSURES METALS The Gold price has fallen today as a stronger dollar pressured the metal ahead of Wednesday’s release of December’s Fed meeting. “The main drop in Gold occurred in the hour after U.S. trade numbers came out and [the U.S. dollar] rallied, so it looks like today’s weakness in gold is mainly relate... Read More
Morning Gold & Silver Market Report – 1/7/2014
GOLD TO GET BOOST FROM HEDGE FUNDS Precious Metals are trading slightly lower in early-morning trading as traders look forward to minutes from the Federal Reserve’s December policy meeting due Wednesday and jobs reports due later in the week. Some analysts are predicting short-term gains for Gold as hedge fund managers look to rebalance portfolios early in the year, though that particular support could ... Read More
Closing Gold & Silver Market Report – 1/6/2014
GOLD STILL SHINES AS AN INSURANCE POLICY FOR INVESTORS Precious Metals are trading flat at the beginning of the week as investors look ahead for any key economic news approaching. Gold continues to be a positive position for investors as Ross Norman, chief executive officer at Sharps Pixley describes the yellow metal by saying, “In fact, [it’s] the che... Read More
Mid-Day Gold & Silver Market Report – 1/6/2014
FLASH CRASH SEES GOLD DROP $30 Precious Metals continue to trade flat after a brief “flash crash” earlier this morning. A large trade of about 4,200 contracts were dumped just after 10 a.m. (ET), causing the Gold price to tumble by $30 per ounce before recovering almost immediately. Ross Norman, chief executive officer at Sharps Pixley, said that the trade “ Read More
Morning Gold & Silver Market Report – 1/6/2014
GOLD FLAT AS INVESTORS AWAIT FED MINUTES, NON-FARM PAYROLL NUMBERS Precious Metals are trading even today as concerns regarding a slowing Chinese economy look to influence higher Gold and Silver prices. “Weaker equities will have more of an impact on Gold prices than a stronger dollar,” UOB-Kay Hian Securities analyst Helen Lau said. This week, investors look to the release of minutes from the U... Read More
Weekly Gold & Silver Market Recap – 1/3/2014
METALS REACT TO ECONOMIC DATA Precious Metals traded lower Monday based on positive U.S. economic data as 2013 came to an end. Both Gold and Silver have had a difficult time finding much needed price support with the evolving economy and the Federal Reserve’s announcement of its plan to taper fiscal policy. According to the National Association of Realtors, Read More
Morning Gold & Silver Market Report – 1/2/2014
GOLD LOOKS TO CONTINUE MOMENTUM IN 2014 Gold has risen slightly on Friday following Thursday’s strong rally. Lower equities, physical demand from China, and bargain hunting are the central motivators of the metal’s price hike. “The attempted sell-off (on Tuesday) through the $1,184 level...didn't really trigger any follow-through selling (and) gave some ... Read More
Closing Gold & Silver Market Report – 1/2/2014
PRECIOUS METALS START THE NEW YEAR STRONG As trading ended on this first day of the new year, prices were up for all four Precious Metals, with Gold experiencing an increase above $20 and Platinum seeing an increase of more than $28. Reports of bargain hunting by physical buyers (particularly those in China) helped drive prices higher. Naeem Aslam, chief market analyst ... Read More
Mid-Day Gold & Silver Market Report – 1/2/2014
PHYSICAL BUYERS IN ASIA BUY DIPS, BOOSTS GOLD Increased demand for physical Gold has given the metal its largest single session boost in three weeks today. Expectations that Asian buyers of Gold bars and jewelry will continue displaying strong physical demand have been the motivator of today’s higher prices. “We do see physic... Read More
Morning Gold & Silver Market Report – 1/2/2014
CHINESE BUYING SPARKS MODEST RALLY FOR GOLD The Gold price has rallied to start the new year as physical buying helps boost gains following the metal’s worst performance in decades. The yellow metal fell 28 percent in 2013 which influenced strong physical buying among retail investors. Bargain hunting Gold investors have lifted the price today Read More
Closing Gold & Silver Market Report – 12/31/2013
GOLD, STOCKS CLOSE 2013 IN OPPOSITE DIRECTIONS Gold and Silver prices will close 2013 approximately 28 percent and 36 percent lower, respectively. This is the first yearly decline for the metals since 2000. Many factors, such as an improving economic climate, record highs in equities, and general fear subsiding have contributed to the drop. Today,... Read More
Morning Gold & Silver Market Report – 12/31/2013
DIFFERING OPINIONS ON GOLD’S 2014 The Gold price is set to end the year lower for the first time in over a decade after the biggest drop since 1981. Economists have many differing opinions on Gold’s immediate future. Some believe the price will fall further, while others, like Jeff Sica of Sica Wealth Management, believe otherw... Read More
Closing Gold & Silver Market Report – 12/30/2013
METALS REACT TO ECONOMIC DATA; JOB MARKET EXPECTS RECOVERY IN 2014 Precious Metals are trading lower today on positive U.S. economic data as the year comes to an end. Both Gold and Silver have had a difficult time finding much needed price support with the evolving economy and the Federal Reserve’s announcement of its plan to taper fiscal policy. According to the National Association of Realtors, Read More
Mid-Day Gold & Silver Market Report – 12/30/2013
INVESTORS FLOCKING TO POPULAR STOCK MARKET Gold and Silver prices remained lower in morning trading. Quantitative Commodity Research owner Peter Fertig said, “What's currently driving investors is the idea that commodities are out of fashion and equities are in demand. And, with low inflation pressures, there is still some downside risk for Gold as long as the stock market remains relatively robust.” Wi... Read More
Morning Gold & Silver Market Report – 12/30/2013
GOLD DOWN IN THIN MORNING TRADING DURING HOLIDAY SEASON Gold is down this morning as growing enthusiasm for higher-risk assets amid a growing global economy continues to pressure the yellow metal heading into 2014. Low trading volume during the holiday season is expected to keep Gold inside a confined trading range as the metal is set to close out the year lower for the first time since 2000. Initial ... Read More
Weekly Gold & Silver Market Recap – 12/27/2013
GOLD SEEKS SUPPORT AS IMF LOOKS TO RAISE ECONOMIC EXPECTATIONS Precious Metals prices traded flat on Monday as low trading volume ahead of the Christmas holiday created little movement for Gold and Silver. Gold rallied back above $1,200 an ounce last Friday and looked for further support as ongoing economic strength and an initial U.S. Federal Reserve taper did little to motivate any short term upward momentum. &... Read More
Mid-Day Gold & Silver Market Report – 12/27/2013
METALS FLAT AS INVESTORS BEGIN TO EYE 2014 Precious Metals are mostly flat through mid-day trading. As the year comes to an end, many investors will be looking at market conditions as they begin to re-evaluate their portfolios heading into 2014. Ole Hansen, head of commodity strategy at Saxo Bank, said, “December will show a fourth month in a row of negative returns; ... Read More
Morning Gold & Silver Market Report – 12/27/2013
LOW TRADING VOLUME KEEPS GOLD EVEN NEAR YEAR-END Gold is trading slightly higher on Friday morning as 2013 comes to a close. Physical buying is helping to buoy the metal as low trading volume fails to spark any significant price movement. A strong stock market rally and perceived improvement to domestic and global economies has had a negative impact on G... Read More
Closing Gold & Silver Market Report – 12/26/2013
PRECIOUS METALS REBOUND AFTER HOLIDAY Precious Metals have continued to trade higher through the afternoon. Although Gold is on track to end its 13 year streak of rising prices, many believe its price in 2014 will be influenced by the performance of equities markets. Precious Metals expert Jeffrey Nichols, publisher of NicholsOnGold.com, said, “Thin trading conditions ... Read More
Mid-Day Gold & Silver Market Report – 12/26/2013
PLATINUM SHINES IN ECONOMIC RECOVERY The Gold price is holding on to a moderate gain, while Silver and Platinum prices have surged in morning trading. The Platinum price is being supported by a strong demand for supply from the automobile sector. UBS AG’s Dominic Schnider said, “There’s a deficit in Platinum and people probably ... Read More
Morning Gold & Silver Market report – 12/26/2013
CONTRARIAN VIEW HAS GOLD GAINING Gold and Silver prices were boosted in early morning trading after the release of the weekly jobless claims report. Some analysts with a contrarian point of view believe that all the negative talk about Gold in 2013 is a good sign for Gold in 2014. Julian Jessop, head of commodities research at Capital Economics said, “The consensus is that the price of Gold will grind l... Read More
Mid-Day Gold & Silver Market Report – 12/24/2013
PRECIOUS METALS UP SLIGHTLY AHEAD OF HOLIDAYS Precious Metals prices edged slightly higher through mid-day trading as markets close early before the holidays. After the recent market movement and Gold prices down more than 28 percent for the year, many investors are beginning to wonder if the market can regain its momentum and are looking for direction. Art Cashin of UBS said, “Velocity in the money supply may get... Read More
Morning Gold & Silver Market Report – 12/24/2013
LESS RISK OF ‘SHOCKS’ CAUSE FOR GOLD DEMAND CONCERN Gold and Silver are mostly flat in early morning trading after positive economic data released Monday. Macquarie analyst Matthew Turner said, “There's less risk of shocks because the eurozone crisis seems to have stabilized, some of the emerging market concerns seem to have faded, the U.S. is reducing [quantitative easing] and inflation is going to rem... Read More
Closing Gold & Silver Market Report – 12/23/13
WHAT PRICE WILL SUPPORT GOLD AS CONSUMER CONFIDENCE RISES? Precious Metals prices traded slightly lower during mid-day Monday ahead of the holidays. The yellow metal is set to end the year nearly 30 percent down as it struggles to find support with an improving economy. "I would argue that there is support at $1,190 ... but there may... Read More
Mid-Day Gold & Silver Market Report – 12/23/2013
GOLD KEEPS $1,200 IN MORNING TRADING The Gold price remained relatively flat in morning trading, with the yellow metal still atop $1,200 per ounce. Looking towards the future, “We think that the Fed may become slightly more hawkish next year, when it comes to winding down their ultra-loose monetary policy. This could add further pressure for gold,” Naeem Aslam, chie... Read More
Morning Gold & Silver Market Recap – 12/23/2013
GOLD SEEKS SUPPORT AS IMF LOOKS TO RAISE ECONOMIC EXPECTATIONS Precious Metals prices remain flat this morning as low trading volume ahead of the Christmas holiday is rousing little movement for Gold and Silver. Gold rallied back above $1,200 an ounce Friday and looks for further support as ongoing economic strength and an initial U.S. Federal Reserve taper will do little to motivate any short term upward m... Read More
Weekly Gold & Silver Market Recap – 12/20/2013
PRECIOUS METALS TREND UPWARD AHEAD OF FED MEETING Gold gained during Monday trading as crude oil and the U.S. dollar both tumbled, making investors bullish on the yellow metal. The market anticipated the U.S. Federal Reserve’s decision on whether to taper monetary policy. "Should tapering not be announced at the December meeting, given the elevated speculative ... Read More
Morning Gold & Silver Market Report – 12/20/2013
GOLD HITS SIX-MONTH LOW; GDP REVISION BETTER THAN EXPECTED Gold and Silver are trading mostly flat in morning trading, with Gold near a six-month low. Eugen Weinberg, head of commodities at Commerzbank, believes Gold needs a small rally and some stability to establish a bullish trend. He said, “If the Gold price should succeed in forming ... Read More
Closing Gold & Silver Market Report – 12/19/2013
GOLD PRICE LOWEST IN OVER THREE YEARS With news that the Federal Reserve will taper their bond-buying program in January, and with the U.S. dollar rallying, Gold ended today’s trading at its lowest price in more than three years. According to Libertas Wealth Management Group president Adam Koos, “this market is so emotionally driven, so hot, and so extended, even the sma... Read More
Mid-Day Gold & Silver Market Report – 12/19/2013
ETF-SELLOFF PUSHES GOLD FURTHER DOWN The Gold price has fallen on continued pressure from news that the Federal Reserve is ready to begin tapering its current level of asset buying by $10 billion per month. In the recent past, Gold and Silver have benefited from the monthly purchases of $85 billion worth of treasury and mortgage-backed securities. However, man... Read More
Morning Gold & Silver Market Report – 12/19/2013
TAPERING NEWS SINKS IN; JOBLESS CLAIMS AT 9-MONTH HIGH Gold and Silver prices tumbled in overnight trading, with the Gold price nearing $1,200 per ounce. After initially turning positive, it appears the Federal Reserve’s tapering announcement is catching up to investors. The World Gold Council’s William Rhind said yesterday, “Today’s a... Read More
Closing Gold & Silver Market Report – 12/18/2013
FED DECIDES TO TAPER FISCAL POLICY; METALS REACT The Federal Reserve finally announced they would trim their bond buying program by $10 billion a month beginning January 2014. Nuveen Asset Management chief equity strategist Bob Doll called it “good news for equities.” He added, “The Fed is finally signifying to us the economy is doing better. [In] 2014, the economy will be a bit stronger, a... Read More
Mid-Day Gold & Silver Market Report – 12/18/2013
MARKETS FLAT AHEAD OF FED POLICY MEETING FINALE Gold is holding steady as investors await today’s conclusion to the Federal Open Market Committee (FOMC) meeting. There has been much anticipation in recent weeks that the Fed could be ready to begin tapering its massive asset purchase program which has been so supportive of Gold in the past. “The way that gold has been holding — in a relatively narrow range in recent weeks and above its June low after crashing in t... Read More
Morning Gold & Silver Market Report – 12/18/2013
ALL EYES ON AFTERNOON FED ANNOUNCEMENT Gold is trading mostly flat while Silver is trading slightly higher in morning trading. All eyes are looking toward the Federal Reserve’s policy decision at the close of its meeting at 2 p.m. (ET) this afternoon and the news conference which will follow. On the possibility of tapering the Fed’s bond-buying program, Sharps Pixley CEO Ross Norman said, “Tapering has been... Read More
Closing Gold & Silver Market Reports – 12/17/2013
METALS DOWN AS COST OF LIVING HOLDS STEADY The Gold price fell on Tuesday following reports that the average cost of living in the U.S. remained unchanged from October to November. “Metals markets need to see some inflation before they can rally because they’ve lost their appeal as an inflation hedge,” Chris Gaffney, senior market s... Read More
Mid-Day Gold & Silver Market Reports – 12/17/2013
PRECIOUS METALS AND U.S. STOCKS DOWN AHEAD OF TAPER DECISION Precious Metals prices continue to trade low through mid-day trading. After showing positive gains over the last two days, Gold has started to decline ahead of the Federal Reserve’s monetary-policy decision. After the release of recent economic data and an agreement on the U.S. budget, speculation remains that the Federal Reserve will finally begin to taper its quantitative easing program.... Read More
Morning Gold & Silver Market Report – 12/17/2013
REDUCTION IN QE WOULD BE BEARISH FOR GOLD, STOCKS Gold and Silver have given up most of Monday’s gains in early morning trading. VTB Capital analyst Andrey Kryuchenkov said, “For Gold, any hint of a reduction in (quantitative easing) would probably be bearish, (pushing Gold back) to potentially $1,220 - $1,200 [per ounce]. As soon as (the price) comes back towards $1,220, there are some opportunities for physical buyin... Read More
Closing Gold & Silver Market Report – 12/16/2013
PRECIOUS METALS TREND UPWARD AHEAD OF FED MEETING Gold gained during Monday trading as crude oil and the U.S. dollar both tumbled, making investors bullish on the yellow metal. The market is anticipating the U.S. Federal Reserve’s decision on whether to taper monetary policy. "Should tapering not be announced at the December meeting,... Read More
Mid-Day Gold & Silver Market Report – 12/16/2013
GOLD, SILVER SURGE AHEAD OF FED MEETING Gold and Silver prices surged in morning trading, with Gold adding nearly one percent and Silver adding nearly three percent. Prices were helped by short-covering before the Federal Reserve’s meeting. Comments from European Central Bank President Mario Draghi, who announced that the eurozone’s easy monetary policy... Read More
Morning Gold & Silver Market Report – 12/13/2013
INVESTORS AWAIT MARKET REACTION TO FOMC OUTCOME Gold is trading flat to start the week as little change is expected from the Federal Reserve following their monthly policy meeting December 17-18. Though many analysts predict an initial taper announcement in early 2014, expectations that the Fed is ready to begin reducing the scale of its monthly asset purchase program have driven Precious Metals prices down... Read More
Weekly Gold & Silver Market Recap – 12/13/2013
GOLD’S RECENT MOVEMENT A ‘WELCOME SIGN’ FOR INVESTORS Gold and Silver prices rose slightly during Monday's trading. “The fact that gold failed to fully penetrate its prior lows from last week is a welcome sign for bullish investors. This has helped to prevent it from closing below that long-term bullish trend line around $1,225,” Fawad Razaqzada, technical ... Read More
Mid-Day Gold & Silver Market Report – 12/13/2013
GOLD TO FINISH WEEK HIGHER AS INVESTORS AWAIT FED MEETING Gold is trading higher today after a substantial dip yesterday. The yellow metal is set to finish the week in positive territory as investors and traders prepare for the outcome of next week’s Federal Open Market Committee (FOMC) meeting. Some analysts have indicated that improvement in the U.S. ec... Read More
Morning Gold & Silver Market Report – 12/13/2013
SMALL REBOUND FOR GOLD AHEAD OF FED MEETING Gold and Silver prices are slightly higher this morning, benefiting from yesterday’s dip and buying opportunity. Investor focus continues to be on next week’s Federal Open Market Committee meeting, where some expect an announcement on the fate of the Fed’s Quantitative Easing program. VTB Capital analyst Andrey Kryuchenkov doesn’t expect an announcement, but r... Read More
Closing Gold & Silver Market Report – 12/12/2013
MARKETS THROWING “TAPER TANTRUM?” In response to concerns that the Federal Reserve might start scaling back its monetary stimulus efforts in the coming week, the Gold price continued its downward trend in afternoon trading, ending the day with just over a $30 drop. According to Naeem Aslam, chief market analyst at AvaTrade, “The odds for a December tapering are at [thei... Read More
Mid-Day Gold & Silver Market Report – 12/12/2013
POSITIVE ECONOMIC SIGNS CONTINUE TO FUEL FED TAPER SPECULATION The Gold price has fallen nearly $30 today as ongoing strength in U.S. economic data and a successful resolution to budget negotiations in Washington points to a possible reduction in the Federal Reserve’s monetary easing program as early as next week. "The weakness seen in the morning, due to the U.S. budget deal talk, has been (exacerbate... Read More
Morning Gold & Silver Market Report – 12/12/2013
PROFIT-TAKING, TAPERING FEARS HIT GOLD Gold and Silver prices fell in early morning trading amid profit-taking and fears over the Federal Reserve tapering its quantitative easing program. Also weighing on the minds of investors is the expected passage of a budget deal in Washington. Because of these factors, Standard Bank’s Walter de ... Read More
Closing Gold & Silver Market Report – 12/11/2013
U.S. BUDGET DEAL PRESSURES PRECIOUS METALS, STOCKS Gold fell slightly today due to Congress reaching a U.S. budget deal Tuesday evening. This second time around for budget talks seemed to be more successful as lawmakers agreed to fund the government through mid-January. Their approach eliminated the threat of a government shutdown, which many feared would occur again as it had in October. The deal calls for reducing automatic spending cuts and deficit level... Read More
Mid-Day Gold & Silver Market Report – 12/11/2013
U.S. BUDGET DEAL REACHED; CAUSES LITTLE REACTION FROM GOLD Gold and Silver prices remain steady today as finalization of the U.S. budget negotiations failed to have a significant impact on Precious Metals. The budget deal was reached ahead of next month’s deadline and has allowed the U.S. to avoid another government shutdown. Gold is hovering near its hi... Read More
Mid-Day Gold & Silver Market Report – 12/11/2013
U.S. BUDGET DEAL REACHED; CAUSES LITTLE REACTION FROM GOLD Gold and Silver prices remain steady today as finalization of the U.S. budget negotiations failed to have a significant impact on Precious Metals. The budget deal was reached ahead of next month’s deadline and has allowed the U.S. to avoid another government shutdown. Gold is hovering near its hi... Read More
Morning Gold & Silver Market Report – 12/11/2013
MARKETWATCH’S LYNN: CENTRAL BANKS WILL ALWAYS PRINT MONEY Precious Metals are mostly flat this morning, as investors continue to look forward to next week’s Federal Open Market Committee meeting. Many economists polled by Reuters believe the Fed will announce a tapering of its quantitative easing (QE) program starting in March, though it could begin sooner based on strong economic data. Macquarie analys... Read More
Closing Gold & Silver Market Report – 12/10/2013
WEAK DOLLAR BOOSTS GOLD The U.S. dollar fell today, propping up Precious Metals and causing Gold to realize its largest single-session bump in almost two months. “The dollar has weakened, so that is helping Gold,” TD Securities head of commodity strategy Bart Melek said. “We had seen some aggressive short positions being taken. Som... Read More
Mid-Day Gold & Silver Market Report – 12/10/2013
ECB SPECULATION PROVIDES BOOST TO PRECIOUS METALS Precious Metals prices are continuing to trade high through midday trading. With the Federal Reserve’s two-day meeting set to begin next Tuesday, many investors are beginning to look towards 2014. “We feel that in 2014, the Fed is likely to have to walk a fine line between fast tapering — likely causing pockets of economic and financial market weakness — and slower tapering — likely contributing towards bubble... Read More
Morning Gold & Silver Market Report – 12/10/2013
GOLD, SILVER RETAKE KEY LEVELS Gold and Silver rebound to $1,250 per ounce and $20.00 per ounce, respectively, in overnight trading. The recent price movements appear to be defiant towards Federal Reserve officials’ comments and other signs that the Fed’s bond-buying will be slowed this month. IG analyst Shaun Murison said, “The market ha... 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.
