Precious Metals Market Reports
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
Closing Gold & Silver Market Report – 12/9/2013
ECONOMISTS BELIEVE THE U.S. ECONOMY WILL MAKE A HEALTHY RECOVERY The National Association of Business Economics quarterly survey surprisingly reflected an optimistic view from economists who believe the U.S. economy will improve in 2014. It is expected that the unemployment rate will continue to fall next year as 200,000 new jobs will be created each month. The creation of new jobs will provide assist... Read More
Mid-Day Gold & Silver Market Report – 12/9/2013
GOLD’S RECENT MOVEMENT A ‘WELCOME SIGN’ FOR INVESTORS Gold and Silver prices rose slightly in morning 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 analy... Read More
Morning Gold & Silver Market Report – 12/9/2013
GOLD EVEN AS INVESTORS EYE FED TAPER AND BUDGET TALKS The Gold price is trading flat to start the week as investors continue in an effort to grasp whether or not the Fed will begin to scale down the current level of monetary easing. "Clearly the overall tapering (discussion) is reflected in the gold price," Credit Suisse analyst Karim Cherif sa... Read More
Weekly Gold & Silver Market Recap – 12/6/2013
GOLD STARTS LOWER AHEAD OF ECONOMIC REPORTS Economic data continued to pressure Gold as investors awaited the release of key data that was due later in the week. Anticipation of nonfarm payroll numbers, third quarter GDP and manufacturing purchasing managers index (PMI) weighed on metals Monday, pushing Gold down to a one-week low. "We are starting the week and month on a weak footing, carrying on a little b... Read More
Mid-Day Gold & Silver Market Report – 12/6/2013
TAPER WOES APPEAR PRICED-IN; GOLD REACTS LITTLE TO JOBS DATA The Gold price has held mostly even today as Precious Metals stayed resilient following a strong jobs report. Positive nonfarm payroll data could indicate that the Federal Reserve might be prepared to begin reducing its current level of quantitative easing before year-end. The report “did try to pou... Read More
Morning Gold & Silver Market Report – 12/6/2013
ENCOURAGING JOBS REPORT COULD LEAD TO TAPERING The U.S. Department of Labor said Friday that the economy generated 203,000 jobs in November, which was higher than the 180,000 that were forecast. They also announced the unemployment rate had fallen to 7 percent, down from 7.3 percent. U.S. Federal Reserve officials have said recently that 6.5 percent i... Read More
Mid-Day Gold & Silver Market Report – 12/5/2013
GOLD GIVES BACK YESTERDAY’S GAINS; MARKETS ANTICIPATE NON-FARM PAYROLL DATA Following a strong one day rally yesterday, Gold has given back much of yesterday’s gains as unemployment benefits claims fell and U.S. GDP showed improvement in the third quarter. These types of indicators are negative for Gold in the short term as investors view them as signs that the Federal Rese... Read More
Morning Gold & Silver Market Report – 12/5/2013
POSITIVE DATA ERASES GOLD’S GAIN Precious Metals and U.S. stock futures dropped after economic data was released Thursday. The U.S. jobless claims report showed that 23,000 fewer people filed new unemployment claims, though there was a caveat that the number may be skewed based on difficulties with seasonal adjustments. A revision to third-qu... Read More
Closing Gold & Silver Market Report – 12/4/2013
GOLD TRENDS UP WITH WEAKER U.S. DOLLAR Today, Gold made its biggest move in seven weeks as the dollar weakened and technical buying increased. “We saw gold take off as the dollar began its slide,” FuturePath trader Frank Lesh said. “Also, the strength in commodities continues to support gold and with some support coming in from techn... Read More
Mid-Day Gold & Silver Market Report – 12/4/2013
SHORT-COVERING LIFTS GOLD; STOCKS SLIDE AGAIN ON FED TAPER/BUDGET CONCERNS Gold has been lifted from a five-month low as short-covering helped buoy the metal following Monday’s substantial dip. Investors are continuing to eye the release of economic data this week to gauge the future of Precious Metals and stocks. A “better-than-expected ADP today points to the likelihood of strong nonfarm payrolls...we are all going to watch data on Friday to see what happ... Read More
Morning Gold & Silver Market Report – 12/4/2013
FED’S WILLIAMS: TAPER ONLY WHEN ECONOMY ON RIGHT TRACK The Silver price added to gains and the Gold price recovered from early losses after San Francisco Federal Reserve President John Williams said the Fed should only consider tapering its quantitative easing program when it is “completely confident” the economy is on the r... Read More
Closing Gold & Silver Market Report – 12/3/2013
SHORT-COVERING LEVELS GOLD; STOCKS CONTINUE WITH THIRD STRAIGHT DROP The Gold price is trading flat today as a round of bargain hunting and short-covering halted a further decline in the price. Higher crude oil prices and a weaker dollar are buoying Precious Metals today as an early morning dip saw Gold fall to its lowest level in five months. Yesterday’... Read More
Morning Gold & Silver Market Report – 12/3/2013
DATA TO PAINT PICTURE FOR 2014 Gold is flat in early-morning trading as most investors await this week’s release of key economic data. Tuesday is light on data, but Wednesday will see private payrolls and non-manufacturing numbers. Thursday, a GDP revision will be announced, and the highly anticipated nonfarm payrolls report will be releas... Read More
Closing Gold & Silver Market Report – 12/2/2013
GOLD DOWN ON MANUFACTURING DATA; STOCKS DECLINE ON MIXED HOLIDAY SHOPPING In response to the better-than-expected U.S. manufacturing data released today, the price for Gold dropped in afternoon trading, settling to its lowest level since early July of this year. Prices for Silver, Platinum and Palladium ended the day down as well. According to the Barclays ... Read More
Mid-Day Gold & Silver Market Report – 12/2/2013
POSITIVE DATA DRIVES DOWN GOLD Gold and Silver prices have fallen in morning trading after positive U.S. manufacturing data was released. Positive economic data fuels expectations that the Federal Reserve will begin tapering its quantitative easing program perhaps as soon as this month. Naeem Aslam, chief market analyst at AvaTrade, said, “Although, it is dif... Read More
Morning Gold & Silver Market Report – 12/2/2013
GOLD STARTS LOWER AHEAD OF ECONOMIC REPORTS Economic data continues to pressure Gold as investors await the release of key data due later in the week. Anticipation of nonfarm payroll numbers, third quarter GDP and manufacturing purchasing managers index (PMI) are weighing on metals today, pushing Gold down to a one-week low. "We are starting the week and month on a weak footing, carrying on a little bit of the t... Read More
Mid-Day Gold & Silver Market Report – 11/27/2013
GOOD ECONOMIC FIGURES REVERSE EARLIER GAINS FOR GOLD Precious Metals have pared early gains following a batch of positive economic data. Reports showing stronger consumer sentiment in the U.S. and the eurozone, a drop in U.S. jobless claims and solid growth in the U.K. helped temporarily cool the demand for Gold and Silver as domestic investors co... Read More
Morning Gold & Silver Market Report – 11/27/2013
GOLD UP ON MIXED DATA Gold held on to gains this morning after economic data was released. Though weekly jobless claims unexpectedly declined, durable-goods orders dropped by 2 percent in October. Most analysts ... Read More
Mid-Day Gold & Silver Market Report – 11/26/2013
PRECIOUS METALS RELATIVIELY FLAT AS CONSUMER CONFIDENCE DOWN Precious Metals are trading slightly lower through mid-day trading. A stronger U.S. stock market and dollar are weighing on precious metals but many see the suppression as only temporary. Jeff Nichols, managing director at American Precious Metals Advisors said, “Gold continues to be an innocent victim of the frenzy on Wall Street. Sooner or later, when Read More
Morning Gold & Silver Market Report – 11/26/2013
DUST SETTLES ON IRAN DEAL; GOLD RISES The market appears to be questioning the Iranian nuclear deal, which was Monday’s big topic. Jones Trading chief market strategist Mike O’Rourke explained, “Peace almost broke out in the Middle East, but Boone Pickens may have summed up the deal best by saying, ‘When you want to make a deal... Read More
Mid-Day Gold & Silver Market Report – 11/25/2013
IRAN DEAL STILL AFFECTING MARKETS The Gold price has edged slightly downward in morning trading as the news of Iran limiting its nuclear program remains the focal point of investors. Naeem Aslam, chief market analyst at AvaTrade, explained that pressure on the Gold price comes “as the premium of the geopolitical is at its lowest point in the Middl... Read More
Morning Gold & Silver Market Report – 11/25/2013
IRAN NUCLEAR DEAL IMPACTS GOLD, STOCKS Gold has reversed initial losses this morning as the metal came under pressure following a deal to restrain the expansion of Iran’s nuclear program. The temporary relief of geopolitical tension tends to have a positive impact on the dollar and equities, causing the price of Precious Metals to dip. As the Gold price eases ... Read More
Weekly Gold & Silver Market Recap – 11/22/2013
YELLEN’S COMMENTS SUPPORT GOLD Last week’s statement from U.S. Federal Reserve Chairman candidate Janet Yellen, in which she shared that the current fiscal policy would remain until healthier economic conditions were seen, provided brief support for Precious Metals that was quickly weakened by profit taking. “People were feeling very bearish before Yellen’s statement,” National Securities Corporation chief market strategist Donald Selkin said. “Her comments were dovish and c... Read More
Morning Gold & Silver Market Report – 11/22/2013
GOLD STEADIES AFTER SHARP TWO-DAY DROP Gold is up slightly following a two-day skid that brought the price down to its lowest level in four months. With ongoing speculation that the Federal Reserve is prepared to announce an initial taper of its quantitative easing measures, Precious Metals have been feeling pressure. Gold and stocks have benefited tremendously from... Read More
Closing Gold & Silver Market Report – 11/21/2013
GOLD STILL DOWN AFTER FED MINUTES, ECONOMIC DATA BOOST STOCKS The Gold price has fallen more than 2 percent over the last two sessions. The yellow metal fell sharply Wednesday as a review of October’s Federal Open Market Committee minutes made it appear that the Federal Reserve could begin tapering its quantitative easing program sooner than expected. Regarding the Fed minutes, one expert noted, “Several members of the committee said at their October meeting they Read More
Morning Gold & Silver Market Report – 11/21/2013
FED WANTS TO KEEP MARKET GUESSING The Gold price fell Thursday, still reeling from news that the Federal Reserve could begin to taper quantitative easing as soon as next month. Societe Generale analyst Robin Bhar said of the recent price movement, “This highlights the fact that the market believed there will be no tapering this year and now the Fed says that is not really discounted. The central banks w... Read More
Closing Gold & Silver Market Report – 11/20/2013
METALS, STOCKS FALL AFTER FED MINUTES Precious Metals prices fell after the afternoon release of the minutes from the Federal Reserve’s October meeting. Stock futures also plummeted after the release, as the S&P 500’s loss streak extended to the longest in eight weeks. The minutes showed that Fed officials expect economic data to improve to the point where they could begin to taper the quantitative easing (QE) program, possibly by next month. “ Read More
Mid-Day Gold & Silver Market Report – 11/20/2013
GOLD SLIPS ON FED MINUTES ANTICIPATION The Gold price has slipped once again as investors await the release of the minutes from October’s Federal Open Market Committee meeting. With expectations for tapering initially projected to commence back in September, new expectations for a preliminary reduction in stimulus measures have been pushed back as far as mid-2014. The delay was initially helpful in giving a mild boost to Gold, but Read More
Morning Gold & Silver Market Report – 11/20/2013
FED KEEPS FISCAL POLICY INTACT; U.S. CONSUMER PRICES FALL U.S. Federal Reserve Chairman Ben Bernanke spoke at the National Economists Club’s annual dinner Tuesday to discuss the future of the Fed’s $85 billion monthly bond buying program. “The target for the federal funds rate is likely to remain near zero for a considerable time after the asset purchases end, perhaps well after” the jobless rate falls below the Fed’s target of 6.5 percent, Bernanke said. Read More
Closing Gold & Silver Market Report – 11/19/2013
MARKETS CHANGED LITTLE AS INVESTORS AWAIT FED MINUTES Gold is experiencing mild gains today as the dollar was pushed down on expectations that the Federal Reserve will continue its ultra-loose monetary policy. “The dollar is helping gold,” OANDA Corp. currency analyst Dean Popplewell said. “The timing of the tapering will continue to be t... Read More
Mid-Day Gold & Silver Market Report – 11/19/2013
PRECIOUS METALS FLAT AS INVESTORS LOOK FOR DIRECTION Gold and Silver prices continued to trade mostly flat through mid-day trading. While investors await minutes from the Federal Reserve’s October meeting for direction, European Central Bank Vice President Vitor Constancio mentioned quantitative easing as a possibility to help pull the eurozone out of stagnation Read More
Morning Gold & Silver Market Report – 11/19/2013
GOLD, SILVER FLAT AHEAD OF FED MINUTES Gold and Silver prices are mostly flat in early-morning trading. Minutes from the Federal Reserve’s October meeting are scheduled to be released Wednesday, and investors and analysts will be combing the details for any clues as to the timing of quantitative easing tapering. Peter Fertig, owner of Quantitative Commodity Research, said, “The latest comments from Fed ... Read More
Closing Gold & Silver Market Report – 11/18/2013
GOLD LOWERS AS PROFIT TAKING CONTINUES Gold moved lower during Monday trading as investors took advantage of profit taking and equities received a boost causing a dip in demand for Precious Metals. "Until such time as financial investors—be they short—or longer-term-oriented - return to the market, gold and silver will find it hard to make any significant gains,'' said Eugen Weinberg, head of commodities res... Read More
Mid-Day Gold & Silver Market Report – 11/18/2013
GOLD DOWN; FED OFFICIAL ‘HOPEFUL’ FOR ECONOMY Gold and Silver prices continued to fall in morning trading after positive comments about the economy from New York Federal Reserve President William Dudley. Dudley claimed that he was “getting more hopeful” about the troubled U.S. economy, and investors are taking that as a sign that quantitative easing (QE) tape... Read More
Morning Gold & Silver Market Report – 11/18/2013
GOLD DOWN ON PROFIT-TAKING; STOCKS EXPECTED TO CONTINUE RALLY The Gold price is down this morning as traders cashed in on three sessions of gains. However, expectations that incoming Federal Reserve Chair Janet Yellen will perpetuate liberal monetary policy halted any major pressure on the yellow metal. “Gold is really stuck in limbo at the moment,” Saxo Bank's head of commodity research Ole Hansen sa... Read More
Weekly Gold & Silver Market Recap – 11/15/2013
GOLD BEGINS WEEK FLAT FOLLOWING FRIDAY SELLOFF Gold traded at even levels Monday following Friday’s significant price dip on surprisingly upbeat employment data. As anxious traders and investors await clear signs regarding the future of U.S. monetary policy, positive jobs data fuels speculation that the Federal Reserve will soon begin tapering its monthly asset purchase program, a negative factor for Gold. Follo... Read More
Mid-Day Gold & Silver Market Report – 11/15/2013
GOLD LOWER AS INVESTORS DIGEST NEWS Precious Metal prices continued to slightly waiver through mid-day trading, but are still on track for a weekly gain. After last week’s U.S. nonfarm payroll report pressured Gold by sparking speculation that the Federal Reserve would begin its ... Read More
Morning Gold & Silver Market Report – 11/15/2013
PROFIT TAKING PUTS DENT IN GOLD’S REBOUND Profit taking has Gold and Silver prices down slightly in early morning trading. U.S. Federal Reserve Chair nominee Janet Yellen’s testimony to the U.S. Senate yesterday saw dovish monetary policy comments lift Precious Metals prices. MKS Capital senior trader Alex Thorndike said, “I think a $1,270-$1,300 [per ounce] range should hold into next week. The market will... Read More
Closing Gold & Silver Market Report – 11/14/2013
MARKETS REACT ON FED CHAIR NOMINEE COMMENTS Precious Metals finished the day still climbing after Federal Reserve Chairman nominee Janet Yellen’s Senate testimony Thursday. When asked about Yellen’s comments, EverBank Wealth Management senior market strategist Chris Gaffney said she “sounded awfully dovish and did not give any indic... Read More
Mid-Day Gold & Silver Market Report – 11/14/2013
YELLEN COMMENTS ON GOLD DURING TESTIMONY The Gold price is up for a second straight session as incoming Federal Reserve Chairman Janet Yellen gives clear indication that the U.S. Federal Reserve will continue its current level of monetary stimulus measures until economic recovery and a vibrant U.S. jobs market are firmly in place. “The possibility of conti... Read More
Morning Gold & Silver Market Report – 11/14/2013
FED CHAIR NOMINEE YELLEN DOVISH IN PREPARED STATEMENT Precious Metals prices jumped last night after Federal Reserve chair nominee Janet Yellen’s prepared statement was released. Regarding the economy, Yellen said, “We have made good progress, but we have farther to go to regain the ground lost in the crisis and the recession. Unemployment is down from a peak of 10 percent, but at 7.3 percent in October... Read More
Closing Gold & Silver Market Report – 11/13/2013
NO SUPPORT FOR GOLD AS FED TAPERING STILL IN QUESTION U.S. Federal Reserve policymakers are scheduled to speak today at 7 p.m. (ET) regarding fiscal policy. Fed officials have mixed expectations for news on tapering their $85 billion monthly bond-buying program, but the market will have to wait for Fed Chairman Ben Bernanke’s official announcement. "Gold's negative price reaction to the possibili... Read More
Mid-Day gold & Silver Market Report – 11/13/2013
GOLD MARKETS FLAT AS PHYSICAL BUYING HALTS SELLOFF The selloff of Gold has been temporarily curbed due to physical demand from central banks on expectations that the Federal Reserve will soon begin tapering its monetary stimulus measures. “The weakness in equities is bringing some people to Gold,” David Meger, director of metal trading at Vision Financial Markets, said. “The price drop has improved physical demand.” Read More
Morning gold & Silver Market Report – 11/13/2013
FINANCIAL UNCERTAINTY CAUSES SHAKY TRADING The Gold price rose slightly in overnight trading after U.S. Federal Reserve officials eased off quantitative easing tapering talks. Many investors are still awaiting Fed president nominee Janet Yellen’s testimony before the Senate on Thursday. Societe Generale analyst Robin Bhar said, “Investors are trying to assess the message of the Fed speakers to see if th... Read More
Closing Gold & Silver Market Report – 11/12/2013
GOLD, STOCKS FALL ON FED TAPER FORECASTS The Gold price has fallen to its lowest level in one month today on anticipation that the Federal Reserve could begin tapering stimulus measures as early as December. As equities markets surge to new record levels and employment data continues to improve, Precious Metals prices are temporarily suffering losses.... Read More
Morning Gold & Silver Market Report – 11/12/2013
TAPERING EXPECTATIONS RISE AS FED OFFICIALS SPEAK Expectations that the U.S. Federal Reserve will begin to taper its quantitative easing program soon have pressured the Gold price to a 3-1/2 week low. Tapering is seen as bullish for the U.S. dollar. “Gold's inverse relation versus the dollar seems to be at its strongest when there is no other macro or fundamental driver for the market,” Macquarie analys... Read More
Closing Gold & Silver Market Report – 11/11/2013
LITTLE MOVEMENT FOR METALS; WORLD GOLD COUNCIL HAS HIGH EXPECTATIONS FOR CHINA Precious Metals traded flat on Monday with growing speculation that the U.S. Federal Reserve will soon be tapering its bond-buying program after Friday’s better than expected jobs report. The next Fed meeting is set for December 17-18, which is when the market expects the official announcement of a fiscal policy cutback. "The dollar index is still holding fairly firm, and given th... Read More
Mid-Day Gold & Silver Market Report – 11/11/2013
POLITICAL BATTLES STILL A MAJOR FOCUS FOR INVESTORS Gold and Silver prices have remained mostly flat in morning trading. Although Friday’s payrolls report caused a selloff of Gold, many investors are looking forward to the political battles that await the U.S. in early 2014. INTL FCStone analyst Edward Meir said, “We think that the Fed will like... Read More
Morning Gold & Silver Market Report – 11/8/2013
GOLD FLAT FOLLOWING FRIDAY SELLOFF Gold is trading at even levels Monday morning following a significant price dip Friday on surprisingly upbeat employment data. As anxious traders and investors await clear signs regarding the future of U.S. monetary policy, positive jobs data fuels speculation that the Federal Reserve will soon begin tapering its monthly asset purchase program, a negative factor for Gold.... Read More
Weekly Gold & Silver Market Recap – 11/8/2013
POTENTIAL ECB STIMULUS PUSHES GOLD HIGHER Loose monetary policy remained the focus of Gold traders at the beginning of the week as rumors surrounding possible monetary easing measures in the eurozone helped lift the yellow metal on Monday. The news that the European Central Bank (ECB) might begin its own stimulus program arrives on the heels of speculation that the Federal Reserve could initiate tapering measures... Read More
Mid-Day Gold & Silver Market Report – 11/8/2013
METALS DIVE ON DATA, QE SPECULATION Precious Metals prices continued their downward trend through mid-day trading. A stronger-than-expected jobs report fueled speculation that the U.S. Federal Reserve would begin to taper its quantitative easing program before year’s end. GFT Markets technical analyst Fawad Razaqzada said, “The numbers absolutely blew pas... Read More
Morning Gold & Silver Market Report – 11/8/2013
NONFARM PAYROLLS SURPRISE; UNEMPLOYMENT RISES The U.S. nonfarm payrolls report shocked economists as it showed 204,000 jobs added in October. Expectations were relatively low for the jobs report, as many expected the government shutdown in October to negatively affect hiring that month. Precious Metals prices and U.S. stock fu... Read More
Closing Gold & Silver Market Report – 11/7/2013
GOLD AND STOCKS FEEL PRESSURE AS DOLLAR GAINS STRENGTH Precious Metals continued to trade lower through afternoon trading. The European Central Bank’s (ECB) decision to cut its key benchmark interest rate along with positive GDP data for the U.S. helped the U.S. dollar surge higher and took investor’s focus away from Precious Metals. “Precious metals, like all the ot... Read More
Closing Gold & Silver Market Report – 11/7/2013
GOLD AND STOCKS FEEL PRESSURE AS DOLLAR GAINS STRENGTH Precious Metals continued to trade lower through afternoon trading. The European Central Bank’s (ECB) decision to cut its key benchmark interest rate along with positive GDP data for the U.S. helped the U.S. dollar surge higher and took investor’s focus away from Precious Metals. “Precious metals, like all the other markets, cam... Read More
Mid-Day Gold & Silver Market Report – 11/7/2013
ECB RATE CUT PRESSURES U.S. STOCKS, GOLD Gold has pared earlier losses but remains down slightly today as news that the European Central Bank (ECB) cut its key interest rate, forcing the U.S. dollar higher. “Precious Metals, like all the other markets, came to life when the ECB surprised everyone with a 25 basis-point interest-rate... Read More
Morning Gold & Silver Market Report – 11/7/2013
DATA BOOSTS DOLLAR, PRESSURES GOLD A flurry of economic news caused the U.S. dollar to strengthen against the euro, in turn causing Precious Metals prices to fall. The fact that new jobless claims fell less than expected wasn’t enough to offset other news, even though the level of claims is still higher than end-of-summer levels, ... Read More
Closing Gold & Silver Market Report – 11/6/2013
GOLD FINDS SUPPORT; GOVERNMENT MINTS MOVING MORE PRODUCTS IN 2013 Gold gained support on Wednesday with the expectation that the Federal Reserve will postpone tapering of its fiscal policy. With the non-farm payroll being released this Friday investors are uncertain what the report will show. "We expect U.S. economic data to continue to have an outsized impact on gold for the near term,'' HSBC’s chief metals analyst James Steel said. " Read More
Mid-Day Gold & Silver Market Report – 11/6/2013
DOLLAR WEAKENS ON ONGOING STIMULUS BETS Gold is up slightly today as a weaker U.S. dollar helped curb the metal’s recent losing streak. Expectations that the U.S. Federal Reserve will continue its quantitative easing program well into 2014 has put pressure on the dollar and helped boost Precious Metals prices. "The relative weakening of the dollar i... Read More
Morning Gold & Silver Market Report – 11/6/2013
DOLLAR TRADE GIVES INVESTORS CLUES; PALLADIUM COULD HIT $1,100 The Gold price is heading higher in morning trading after hitting a three-week low. Analysts are still looking to the U.S. dollar for clues as to Gold’s movement. CME Group explained, “Once again, the Gold market seemed to shift its market focus from a recent fear of U.S. tapering to ... Read More
Closing Gold & Silver Market – 11/5/2013
MARKETS LITTLE CHANGED; INVESTORS AWAIT QE TAPERING SIGNS The Gold price fell slightly today to reach a two-week low as U.S. service industries grew fast enough to influence Federal Reserve officials to potentially begin tapering its quantitative easing measures. “The better-than-expected ISM number increases speculation whether tap... Read More
Mid-Day Gold & Silver Market – 11/5/2013
INVESTORS WATCH EUROPEAN BANK, U.S. JOBS REPORT Precious Metal prices are trading lower through midday. The strengthening U.S. dollar has many investors focused on the European Central Bank rate decision Thursday and the U.S. jobs numbers to be released Friday. Mark O’Byrne, executive director at GoldCore, said, “The ECB is expected to keep rates on hold but may... Read More
Morning Gold & Silver Market Report – 11/5/2013
CURRENCY TRADE KEEPS GOLD, SILVER FLAT Gold and Silver prices remain mostly flat in morning trading. The euro’s relationship to the U.S. dollar continues to be the main factor on the Gold price. Natixis analyst Bernard Dahdah explained, “We've seen recently that the dollar has been strengthening because the euro is weakening. The euro's appreciated by some 2 percent, and at the same time the Gold price ... Read More
Closing Gold & Silver Market Report – 11/4/2013
MARKET AWAITS NONFARM PAYROLL; GOLD ACTIVIST PREDICTS $2,000 PER OUNCE Precious Metals prices traded flat through Monday as the market waits on the sideline for Friday’s release of October’s U.S. nonfarm payrolls report. The report will prepare the market for the possible next steps the Federal Reserve will take with its monthly bond buying program as well as provide direction on how the economy is performing. “ Read More
Mid-Day Gold & Silver Market Report – 11/4/2013
QUANTITATIVE EASING DOMINATES HEADLINES Quantitative easing (QE) continues to be a major point of emphasis with investors. Though some analysts are still preparing for the outside chance of the U.S. Federal Reserve begins tapering its QE program in December, St. Louis Fed President James Bullard said Monday that the Fed has the luxury of patience ... Read More
Morning Gold & Silver Market Report – 11/4/2013
POTENTIAL ECB STIMULUS PUSHES GOLD HIGHER Loose monetary policy remains the focus of Gold traders today as rumors surrounding possible monetary easing measures in the eurozone helped lift the yellow metal this morning. The news that the European Central Bank (ECB) might begin its own stimulus program arrives on the heels of speculation that the Federal Reserve could initiate tapering measures as early as De... Read More
Weekly Gold & Silver Market Recap – 11/1/2013
GOLD STEADY AHEAD OF MONTHLY FED MEETING The Gold price traded relatively flat Monday as Precious Metals investors speculated over the future of the Federal Reserve’s quantitative easing program. With the recent government shutdown in Washington and uninspiring economic figures fresh in the minds of Fed officials, many economists expected no deviation from the current level of stimulus following the Fed’s two-day policy meeting later in the week. “The longer-term outlook for... Read More
Mid-Day Gold & Silver Market Report – 11/1/2013
U.S. DOLLAR RALLIES, PRESSURES METALS Precious Metals are relatively flat through mid-day trading. Speculation that the European Central Bank may lower the region’s interest rates due to low inflation, along with a rallying U.S. dollar, has investors looking for directi... Read More
Morning Gold & Silver Market Report – 11/1/2013
DOLLAR BOOSTED BY EUROZONE INFLATION The Gold price’s negative correlation to the U.S. dollar has held up since the Federal Reserve statement earlier this week. Gold and Silver prices are lower in morning trading as news in the U.S. and the eurozone continue to boost the dollar. Commerzbank analyst Daniel Briesemann said, “The weakness we have been seeing in Gold in the past two days is due to the after... Read More
Closing Gold & Silver Market Report – 10/31/2013
TAPER SPECULATION PRESSURES METALS Precious Metal prices are trading lower though afternoon trading. News released Wednesday announcing the Federal Reserve will continue its bond buying program is settling in and starting to effect investors. CitrinGroup founder and executive chairman Jonathan Citrin said, “It will be interesting to watch upcoming tapering expect... Read More
Mid-Day Gold & Silver Market Report – 10/31/2013
QE REDUCTION CONCERNS CAUSE DROP IN PRECIOUS METALS Concerns that a reduction in the current scale of quantitative easing (QE) may come sooner than later have pulled Precious Metals prices down today as the U.S. dollar strengthened versus a basket of other currencies. Some market analysts believe a potential taper of the Fed’s stimulus measures could be announced ... Read More
Morning Gold & Silver Market Report – 10/31/2013
GOLD PRESSURED BY STRONGER DOLLAR A stronger U.S. dollar has Precious Metals prices falling sharply in morning trading, with the Gold price down approximately 1.5 percent and the Silver price down approximately 4.5 percent. Although the U.S. Federal Reserve didn’t announce that it would begin tapering its quantitative easing program, Macquarie analyst Matthew Turner said, “The market was expecting that ... Read More
Closing Gold & Silver Market Report – 10/30/2013
FED STATEMENT SUPPORTS U.S. DOLLAR, PRESSURES GOLD Today, the U.S. Federal Reserve met market expectations by not tapering its $85 billion monthly bond-buying program. Recent economic data reflecting weaker than expected numbers for both unemployment and consumer confidence put a halt to the cutback in fiscal policy. “There is no explicit mention of the government shutdown or what impact it might have on the economy or the Fed's monetary policy,” Capital Economic... Read More
Mid-Day Gold & Silver Market Report – 10/30/2013
GOLD, STOCKS MOVE SLIGHTLY AHEAD OF FOMC ANNOUNCEMENT Gold is realizing modest gains on Wednesday as investors cling to expectations that the Federal Reserve will continue its liberal monetary program following poor jobs data. The Fed’s two-day Federal Open Market Committee (FOMC) meeting is set to conclude today and most analysts are forecasting that policy officials will announce that quantitative easing... Read More
Morning Gold & Silver Market Report – 10/30/2013
JOBS DATA DISAPPOINTS; ALL EYES ON FED Precious Metals prices are higher this morning as investors await an official monetary policy decision from the Federal Reserve. The Fed is wrapping up a two-day meeting Wednesday, and most are expecting a continuation of its quantitative easing (QE) program. U.S. economic data has been the major driver of the decision to continue QE recently. The Labor Department announced early Wednesday that Read More
Closing Gold & Silver Market Report – 10/29/2013
STRONGER DOLLAR WEIGHS ON GOLD; QE EXPECTATIONS FUEL RECORD S&P FINISH The Gold price suffered a mild drop from a five-week high today as the U.S. dollar rose against competing world currencies. “A lack of fresh, bullish fundamental news is keeping buyers scarce,” one analyst said. “The key ‘outside markets’ are also in a bearish daily posture for the Precious Metals – a firmer U.S. Dollar Index and weaker crude-oil prices.” Investors and analysts alike continue to ponde... Read More
Mid-Day Gold & Silver Market Report – 10/29/2013
INVESTORS EYE DATA, FED MEETING FOR DIRECTION Precious Metals prices are trading fairly flat through mid-day trading. Many investors are awaiting Wednesday’s conclusion of the two-day Federal Open Market Committee meeting for direction. Consumer confidence data released Tuesday showed a much bigger drop than expected as confidence reached its lowest p... Read More
Morning Gold & Silver Market Report – 10/29/2013
PROFIT-TAKING DROPS GOLD FROM FIVE-WEEK HIGH The Gold price is retreating from a five-week high in early morning trading as the Federal Reserve’s two-day policy meeting begins today. Expectations are that when the meeting concludes Wednesday, the Fed will announce a continuation of its highly-accommodative quantitative easing program. VTB Capital analyst A... Read More
Closing Gold & Silver Market Report – 10/28/2013
INVESTORS ANXIOUS AHEAD OF FED MEETING Precious Metals prices remained flat through Monday before this week’s Federal Reserve meeting. Today, economic data was released showing a September increase in U.S. factory production of only 0.1 percent, which is lower than the 0.3 percent rise that was forecast in a Bloomberg survey of economists. Read More
Mid-Day Gold & Silver Market Report – 10/28/2013
STOCKS RALLY; WHY INFLATION IS GOOD FOR ECONOMY, GOLD The Gold price remained flat in morning trading, while stocks continued to trade in a narrow range. The Dow Jones Industrial Average and S&P 500 are coming off three straight weeks of gains in a record rally. With the two-day Federal Reserve policy meeting later this week, Michael Sheldon of RDM Financial Group said, “Investors are waiting for mo... Read More
Morning Gold & Silver Market Report – 10/28/2013
GOLD STEADIES AHEAD OF MONTHLY FED MEETING The Gold price is trading relatively flat on Monday morning as Precious Metals investors speculate over the future of the Federal Reserve’s quantitative easing program. With the recent government shutdown in Washington and uninspiring economic figures fresh in the minds of Fed officials, many economists expect no deviation from the current level of stimulus following the Fed’s two-day policy meeting later this week. “The longe... 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.
