Precious Metals Market Reports
Closing Gold & Silver Market Report – 9/18/2013
METALS JUMP ON FED TAPERING DODGE; NATIONAL DEBT LIMIT IN QUESTION The Federal Reserve announced today there decision to not taper its monthly asset-purchasing program. Within minutes of the statement, Precious Metals quickly turned around from their losses with Gold jumping nearly 3 percent. Due to the condition of the U.S. economy, the Fed proclaimed it was not the right time to make any changes to quantitative... Read More
Mid-Day Gold & Silver Market Report – 9/18/2013
INVESTORS, ANALYSTS PREPARE FOR TODAY’S FOMC OUTCOME The Gold price is on the decline for the third straight session as the anticipation that the Federal Reserve will announce an initial reduction to its quantitative easing program grows. Today’s drop has pushed Gold below $1,300 to its lowest level in six weeks. Most economists predict the Fed will proclaim a Read More
Special Report: Turbulent Times Ahead for U.S. According to CBO Report
Is your portfolio ready and “stress-tested” for the potential risks and uncertainty ahead? According to a new report released on September 17, 2013, from the Congressional Budget Office (CBO), now may be the time to act. Here are the first two sentences of the Summary from the CBO report, The 2013 Long-Term Budget Outlook: “Between 2009 and 2012, the federal government recorded the largest budget deficits relative to the size of the economy since 1946, causi... Read More
Morning Gold & Silver Market Report – 9/18/2013
GOLD WILL BENEFIT FROM ANY TAPERING DECISION: SCHIFF Gold and Silver prices are slightly lower, and U.S. stock futures are slightly higher ahead of the U.S. Federal Reserve’s monetary policy decision due at 2 p.m. (ET) today. Most economists are expecting an announcement from the Fed that tapering of the quantitative easing... Read More
Closing Gold & Silver Market Report – 9/17/2013
EYES LOCKED ON FOMC OUTCOME TO GAUGE MARKET FUTURE The Gold price has dipped for the fifth time in the last six sessions as real inflation numbers continue to be lower than expected. “With less-than-expected growth in CPI numbers, the appeal of Gold as an inflation hedge is diminished,” Phil Streible, senior commodity broker... Read More
Mid-Day Gold & Silver Market Report – 9/17/2013
METALS PRICES FLAT WITH SPECULATION RAMPANT Precious Metals are continuing to trade flat through mid-day trading. Gold has however held above $1,300 with investors still reluctant to take stronger positions. The Federal Reserve is holding their two-day policy meeting this week, and many traders are speculating to when the Federal Reserve will begin tapering ... Read More
Morning Gold & Silver Market Report – 9/17/2013
TAPERING SEEN ON HORIZON AS FED MEETING BEGINS The Gold price is mostly flat and the Silver price is slightly lower ahead of the start of the U.S. Federal Reserve’s two-day policy meeting. Most economists expect the result of this meeting to be a small beginning to quantitative easing (QE) tapering. The central bank, however, appears ... Read More
Closing Gold & Silver Market Report – 9/16/2013
METALS FLAT AHEAD OF FED MEETING; PIMCO CEO PREDICTS FED NEXT MOVE Precious Metals have remained flat for the day as the market patiently waits for the Federal Reserve’s two-day meeting to begin on Tuesday. Bullion prices have dropped by 19 percent this year ever since the Fed stated their plans to cut back quantitative easing in 2013 and possibly end it in 2014. “The prospect that the Fed's tone will... Read More
Mid-Day Gold & Silver Market Report – 9/16/2013
FED CHAIRMAN RACE NARROWED, SEEN AS POSITIVE FOR GOLD The U.S. dollar plummeted after this morning’s news that former Treasury Secretary Larry Summers was out of consideration for the new U.S. Federal Reserve chief job. The Gold price, which was hit immediately after the news, is lower than its high though still posit... Read More
Morning Gold & Silver Market Report – 9/16/2013
SUMMERS STEPS DOWN FROM FED CHAIRMAN RACE; STOCK FUTURES SURGE Wall Street is gearing up for what could prove to be a big day as U.S. stock futures soar ahead of Monday’s opening bell. News that Lawrence Summers asked to have his name removed from contention in the race to replace Federal Reserve Chairman Ben Bernanke was a... Read More
Weekly Gold & Silver Market Recap – 9/13/2013
SYRIAN CONFLICT, FUTURE FED MEETING STRESS METAL PRICES THROUGHOUT WEEK As the week began, there were strong factors affecting Precious Metal prices such as the possibility of military action against Syria and the upcoming Federal Reserve meeting, which could provide a date to taper fiscal policy. Monday prices remained flat as the market prepared for additional information regarding how the U.S. would approach Syria. Read More
Mid-Day Gold & Silver Market Report – 9/13/2013
DATA WATCHING CONTINUES TO PROVIDE PRESSURE Precious Metals prices continue their downward trend through mid-day trading. Gold is down 5.4 percent for the week and suffered its worst week since June. Heavy selling linked to quantitative easing expectations and the situation in Syria have affected prices and many believe the Federal Reserve’s next chairman announcement will also affect prices. Ma... Read More
Morning Gold & Silver Market Report – 9/13/2013
INVESTORS AWAIT FED MEETING U.S. stock futures point to a moderately higher open for Wall Street after the release of lower than expected retail sales data. Investors seem to be holding firm Read More
Closing Gold & Silver Market Report – 9/12/2013
TAPERING COULD BE ON HORIZON; SYRIAN TENSIONS EASED FOR NOW Precious Metals continued their downward trend through afternoon trading. Economic data released today, which fueled speculation that the Federal Reserve will finally begin to taper it’s monetary easing program this month, along with no announcement of a strike on Syria, have continued... Read More
Mid-Day Gold & Silver Market Report – 9/12/2013
STIMULUS TAPER SPURS TECHNICAL SELLING OF GOLD The Gold price has fallen again today as another round of uplifting economic data has most analysts convinced the Federal Reserve likely will announce an initial reduction in the level of monetary easing. “Today’s data is another nail on the coffin, and people expect th... Read More
Mid-Day Gold & Silver Market Report – 9/12/2013
STIMULUS TAPER SPURS TECHNICAL SELLING OF GOLD The Gold price has fallen again today as another round of uplifting economic data has most analysts convinced the Federal Reserve likely will announce an initial reduction in the level of monetary easing. “Today’s data is another nail on the coffin, and people expect the announcement o... Read More
Morning Gold & Silver Market Report – 9/12/2013
POSITIVE ECONOMIC REPORTS OPEN DOOR FOR TAPERING Gold and Silver prices fell this morning, with the former reaching a four week low, even with no new developments on the Syrian situation or quantitative easing tapering. Some analysts, such as Rhona O’Connell of Thomson Reuters GFMS, believe that tapering has already been priced into the market, though “that is not to say that you won't be getting a bit ... Read More
Closing Gold & Silver Market Report – 9/11/2013
ANALYSTS PREDICT GOLD’S FUTURE; ITALY’S POLITICAL WOES EXTEND Goldman Sachs Group Inc. suggested in a report today that if a date to begin tapering the U.S. Federal Reserve’s stimulus program is set at next week’s policy meeting, Precious Metals could see a price pullback due to investor selloff. “Gold prices will decline into 2014 on the back of an acceleration in U.S. activity and a less accommodative monetary-policy stance,” Goldman Sachs analysts wrote. “ Read More
Mid-Day Gold & Silver Market Report – 9/11/2013
GOLD REMAINS FLAT AS SYRIAN DECISION POSTPONED The Gold price remains relatively flat today following a fairly significant drop Tuesday. As it appears that all involved parties are seeking a peaceful resolution to the Syrian crisis, the safe haven appeal of Precious Metals was temporarily diminished. “Syria agreed yesterday to Russia’s proposa... Read More
Morning Gold & Silver Market Report – 9/11/2013
GOLD TREADS WATER AFTER POSSIBLE SYRIAN RESOLUTION The Gold price is trading mostly flat while Silver, Platinum and Palladium prices are gaining ground after U.S. President Barack Obama’s speech on Syria yesterday. Obama said he would explore the Russian-supported diplomatic solution of Syria giving up its chemical weapons. Danske Bank analyst Christin Tuxen said, “The fact that the Syrian situation is ... Read More
Closing Gold & Silver Market Report – 9/10/2013
EASING SYRIAN TENSION BOOSTS STOCKS, WEIGHS ON GOLD The Gold price retreated today as Syrian officials conceded to international pressure to cease production on and release the location of its chemical weapons. With the imminent fear of military conflict diminished, the safe haven appeal of Precious Metals was temporarily quelled. For now, inve... Read More
Mid-Day Gold & Silver Market Report – 9/10/2013
SYRIAN WEAPONS AGREEMENT EASES FEARS The Gold price has fallen to near a three-week low on news of an agreement for Syria to give up their chemical weapons. Societe Generale analyst Robin Bhar said, “The whole reason Gold rallied in the last few weeks has been on the back of the Middle East tension and the rise in the oil price, but that now is going into reverse with the possibility of an agreeme... Read More
Morning Gold & Silver Market Report – 9/10/2013
SYRIA CONTINUES AS MAIN DRIVER OF GOLD, STOCK PRICES The U.S. dollar is trading higher this morning after U.S. Secretary of State John Kerry stated that if Syria gives up its chemical weapons, it could avoid a military strike from the U.S. With tensions temporarily eased, Gold and Silver prices fell as Russia publicly supported the proposal, which would be a “breakthrough,” according to President Barack... Read More
Closing Gold & Silver Market Report – 9/9/2013
METAL PRICES AWAIT FED TAPERING, SYRIAN RESPONSE Precious Metals remained flat throughout the day as anticipation grows on two major factors: the U.S. Federal Reserve’s fiscal policy and our next move with Syria. Although last week’s non-farm payroll report was weaker than expected, Commerzbank believes the Fed could still announce a date to taper monetary policy as early as next week. “ Read More
Mid-Day Gold & Silver Market Report – 9/9/2013
‘TWIN CONCERNS’ KEEP GOLD PRICE STEADY The Gold price remained flat in morning trading amid speculation over the U.S. Federal Reserve’s quantitative easing (QE) program and concerns over U.S. involvement in the situation in Syria. Speaking to last week’s economic data, VTB Capital’s Andrey Kryuchenkov said, “The much-awaited U.S. August jobs report provided little insight into the Fed's policy decision on September 17-18. Read More
Morning Gold & Silver Market Report – 9/9/2013
SYRIA, FESTIVAL SEASON, HEDGE FUNDS COULD ADD TO GOLD’S APPEAL Precious Metals prices are level in morning trading as investors fret over the outcome of next Monday’s much anticipated Federal Open Market Committee (FOMC). Though ongoing concern about conflict in the Middle East and the upcoming festival season in Asia could rally physical Gold demand this week, most analysts and investors continue... Read More
Weekly Gold & Silver Market Recap – 9/6/2013
SILVER SHINES AHEAD OF ECONOMIC DATA Although the week was short due to the Labor Day holiday, Precious Metals experienced an extraordinary few days with large movements in price as concerns grew regarding geopolitical tension in Syria. On Tuesday, safe haven appeal directed investors to Precious Metals as Silver received a three percent jump during morning trading. “ Read More
Mid-Day Gold & Silver Market Report – 9/6/2013
POOR EMPLOYMENT DATA KEEPS FED TAPERING IN QUESTION A disappointing U.S. jobs report has helped push back the expectations of imminent stimulus tapering and boosted Precious Metals prices today. The Commerce Department stated that 169,000 new jobs were added during the month of August which fell below analyst’s forecasts. The news resulted in a mode... Read More
Morning Gold & Silver Market Report – 9/6/2013
MARKETS JUMP ON WEAK JOBS REPORT Stock futures are trading higher this morning in spite of a weak government jobs report. Analysts and investors had eagerly awaited the data as this viewing this month’s report as a key indicator of whether or not the Federal Reserve will begin to slow the current pace of monthly asset purchases. Economists’ predictions the payroll numbers from August to uphold the thr... Read More
Closing Gold & Silver Market Report – 9/5/2013
ECONOMIC DATA BOOSTS DOLLAR, WEIGHS ON GOLD The Gold price has fallen once again Thursday as a strong U.S. dollar weighed heavily on Precious Metals prices following positive economic reports. Though Gold tends to be sought as an asylum for nervous investors in times of turmoil, the Syrian conflict seems to be having less impact on markets than today’s strong employment numbers and concern surrounding Fed stimulus tapering. With Read More
Closing Gold & Silver Market Report – 9/5/2013
ECONOMIC DATA BOOSTS DOLLAR, WEIGHS ON GOLD The Gold price has fallen once again Thursday as a strong U.S. dollar weighed heavily on Precious Metals prices following positive economic reports. Though Gold tends to be sought as an asylum for nervous investors in times of turmoil, the Syrian conflict seems to be having less impact on markets than today’s strong employment numbers and concern surrounding Fed stimulus tapering. With Read More
Mid-Day Gold & Silver Market Report – 9/5/2013
INVESTORS LOOKING TO DATA, G-20 MEETING FOR CLUES TO FED’S THINKING U.S. stocks were higher in morning trading, and US Bank Wealth Management’s Jim Russell said, “The market is reacting to several different crosscurrents, some positive and some elements of uncertainty,” such as Syria and other factors. He continued, “We are going to get more data tomo... Read More
Morning Gold & Silver Market Report – 9/5/2013
METALS GIVE UP GAINS AFTER ECONOMIC DATA Precious Metals prices started the morning slightly higher, and U.S. stock futures were slightly lower. That changed, however, with a slew of economic data releases. Though the ADP jobs report showed a less-than-expected gain of 176,000 jobs, U.S. second-quarter productivity... Read More
Closing Gold & Silver Market Report – 9/4/2013
MARKET PREPARES FOR FRIDAY’S NON-FARM PAYROLL; SILVER DEMAND ON THE RISE Today, the market began preparing for Friday’s U.S. non-farm payroll report as it’s been speculated the data will provide clues for the Federal Reserve’s next move on tapering monetary easing. Gold dropped nearly two percent as investors began profit taking on the metal’s recent gains ahead of the upcoming Federal Reserve meeting Sept. 17-18 and due to geopolitical tensions in Syria. “A U.S. attack on S... Read More
Mid-Day Gold & Silver Market Report – 9/4/2013
GOLD DROPS AS INVESTORS AWAIT CONGRESSIONAL VOTE ON SYRIAN CONFLICT Precious Metals prices have fallen today as safe haven investors remain focused on the conflict between the U.S. and Russian-backed Syria. “Russia’s objections are taking some premium out of gold as it’s becoming increasingly clear that U.S. will face opposition,” Adam Klopfenstein, a senior market strategist at Archer Financial Services Inc., said. “Also, the tapering worries remain” r... Read More
Morning Gold & Silver Market Report – 9/4/2013
SYRIA TENSIONS COULD SPIKE GOLD PRICE Precious Metals prices are giving up recent gains in morning trading. The conflict in Syria is still the main focus of investors and analysts, though Precious Metals prices appear to be the victim of profit-taking. HSBC analysts wrote yesterday that “the potential for Mideast tensions to intensify ... Read More
Closing Gold & Silver Market Report – 9/3/2013
GOLD RISES WITH SYRIA CONCERNS; GLOBAL MANUFACTURING ON POINT Gold’s safe haven appeal continues to grow as the market reacts to the uncertainty caused by the tensions in Syria. “The rise in Gold prices is mainly due to safe-haven demand after Israel test-fired rockets in the Mediterranean Sea,” Chintan Karnani, chief analyst at Insignia Consul... Read More
Mid-Day Gold & Silver Market Report – 9/3/2013
GOLD CLIMBS ON ISRAELI MISSILE TEST The Silver price remained positive while the Gold price increased in morning trading. An Israeli missile test seemed to have sparked the move higher in Gold, as investors seek a safe-haven in turbulent times. Many analysts are looking forward to economic data due later in the week. Mitsubishi analyst Jonathan Butler said, “The biggest story is certainly the non-farm p... Read More
Morning Gold & Silver Market Report – 9/3/2013
SILVER SHINES AHEAD OF ECONOMIC DATA Gold, Platinum and Palladium prices are flat, and the Silver price is approximately three percent higher in morning trading. Standard Chartered analyst Daniel Smith said, “It is difficult to predict development in the geopolitical situation [in Syria], but obviously this will be followed by the Gold market and if we have a massive crisis prices will rise on the back ... Read More
Weekly Gold & Silver Market Recap – 8/30/2013
GOLD NEAR BULL MARKET The Gold price started the week flat, treading water just below the $1,400 per ounce mark. Barratt Bulletin newsletter founder Jonathan Barratt believes that Gold is nearing a bull market again. He said, “When you look at Gold, it only has to travel back through $1,416 [per ounce] to re-enter the bull market. So we're pretty close to that and it [the gains] has been the result of phys... Read More
Mid-Day Gold & Silver Market Report – 8/30/2013
SYRIA IN HEADLINES KEEPS PRESSURE ON METALS Precious Metals are trending downward through mid-day trading as the speculation of an imminent military attack on Syria is starting to lose momentum. However, Gold futures rose nearly 7 percent for the month of August and around 14 percent for the quarter. Mark O’Byrne, executive director at GoldCor... Read More
Morning Gold & Silver Market Report – 8/30/2013
U.K. VOTES DOWN SYRIA ATTACK, FRANCE READY TO STRIKE Precious Metals are trading lower this morning after news that the United Kingdom parliament voted against a strike on Syria. However, French President Francois Hollande said a military response to the reported chemical attacks in Syria could come as soon as Wednesday. Hollande said, “... Read More
Closing Gold & Silver Market Report – 8/29/2013
GOLD DOWN, STOCKS UP ON VERY LOW VOLUME The diminished threat of military engagement in Syria combined with a stronger U.S. dollar to push the Gold price down for a second straight session Thursday. With the Syrian situation on hold, jobless claims seeing six-year lows and GDP rising to a 2.5 percent annual rate were today’s central economic factors we... Read More
Mid-Day Gold & Silver Market Report – 8/29/2013
EASING TENSION IN SYRIA, STRONG ECONOMIC REPORTS SUBDUE GOLD PRICE Uplifting economic reports helped buoy the U.S. dollar and equities markets today as the fear of a military clash with Syria has been temporarily quelled, lending further support to stocks. New reports show domestic growth was better than expected during the second quarter and unemployment claims are down this week. Fur... Read More
Morning Gold & Silver Market Report – 8/29/2013
METALS VOLATILE ON ECONOMIC DATA Precious Metals prices fell after the release of two bits of economic data this morning, but have since recovered from those losses. The second-quarter U.S. gross domestic product estimate was revised upward from 1.7 percent to 2.5 percent, while the Read More
Closing Gold & Silver Market Report – 8/28/2013
OIL PRICES RISE AS SYRIA HEADLINES NEWS Gold and Silver prices ended Wednesday with a slight pullback from this morning’s rallies. With geopolitical tensions continuing to rise in Syria and speculation of a military attack from the United Nations, Precious Metals prices have responded. Richard Gotterer, managing director at Wescott Financial Advisory Group, said, “There’s nothing like the threat of military action to bring buyers back to Gold.” He continued... Read More
Mid-Day Gold & Silver Market Report – 8/28/2013
SYRIAN CONFLICT COULD DELAY QE, BOOST GOLD The Gold price is trading flat following yesterday’s significant boost spurred by safe haven demand on speculation that a U.S.-led attack on Syria could launch within a couple of days. With turmoil erupting between Western nations and Syria, many analysts believe the U.S. Federal ... Read More
Morning Gold & Silver Market Report – 8/28/2013
GOLD HITS 3 MONTH HIGH ON SYRIA NEWS The Gold price is continuing its rally this morning, topping $1,430 per ounce for the first time since May. Concerns over the situation in Syria appear to be the main catalyst of this rally. Historically, Gold is viewed as a safe haven in times of geopolitical tension. The U.S. and its allies have told Syrian opposition that a military response could be expected after last week’s ch... Read More
Closing Gold & Silver Market Report – 8/27/2013
POSSIBLE SYRIAN INCURSION CAUSES MARKET TURBULENCE Gold is set to end Tuesday higher as investors flocked to the yellow metal’s safe haven appeal on fears of U.S. military intervention in Syria. According to Comex charting data, today’s 2 percent surge formally shifted Gold back into a bullish market. “G... Read More
Mid-Day Gold & Silver Market Report – 8/27/2013
SYRIA CONCERNS PUSH INVESTORS TO GOLD Today, Gold officially hit a 15-week high on growing concern surrounding the possibility of the West using military force against Syria. During times of uncertainty, investors generally flock to Gold as a safe haven asset. “The major reason for Gold's gains is the safe-haven buying on the back of geopolitical tension in Syria and soaring crude oil prices, wh... Read More
Morning Gold & Silver Market Report – 8/27/2013
MARKET’S MAIN CONCERN: SYRIA Gold and Silver prices are trading approximately two percent higher in early-morning trading after concerns over the unrest in Syria and confusion over quantitative easing tapering in the U.S. sent stock futures lower. Monday, U.S. Secretary of State John Kerry condemned the chemical weapon use by the Syrian government as a “moral obscenity.” Nick Lewis of London... Read More
Closing Gold & Silver Market Report – 8/26/2013
GOLD AGAIN BULLISH; DEBT LIMIT NEEDS TO BE CONTAINED Gold’s worldwide demand has held steady as the yellow metal is currently entering a bullish market after falling into a bear market earlier this year. The safe haven appeal is returning to Gold as the market has received mixed messages from the U.S. Federal Reserve and economic data. “Physi... Read More
Mid-Day Gold & Silver Market Report – 8/26/2013
GOLD NEAR BULL MARKET The Gold price has remained flat in morning trading, treading water just below the $1,400 per ounce mark. Barratt Bulletin newsletter founder Jonathan Barratt believes that Gold is nearing a bull market again. He said, “When you look at Gold, it only has to travel back through $1,416 [per ounce] to re-enter the bull market. So we're pretty close to that and it [the gains] has been ... Read More
Morning Gold & Silver Market Recap – 8/26/2013
GOLD ETF INFLOWS SHOW INCREASED DEMAND The Gold price is trading flat this morning as investors wonder if the yellow metal can rack up another week of gains on continued inflows to Gold-backed exchange traded funds (ETFs). According to Barclays analysts, the influx to ETFs on Friday reached its highest level this year.... Read More
Morning Gold & Silver Market Recap – 8/26/2013
GOLD ETF INFLOWS SHOW INCREASED DEMAND The Gold price is trading flat this morning as investors wonder if the yellow metal can rack up another week of gains on continued inflows to Gold-backed exchange traded funds (ETFs). According to Barclays analysts, the influx to ETFs on Friday reached its highest level this year.... Read More
Weekly Gold & Silver Market Recap – 8/23/2013
MARKET PREPARES FOR LIVELY WEEK Gold was flat for the majority of Monday after seeing substantial gains the week prior due to monetary policy concerns, technical buying and further inflows to bullion-backed ETFs. The Gold price had jumped 8 percent over the last nine sessions while Silver rose roughly 13 percent last week, giving it its strongest week since Septembe... Read More
Mid-Day Gold & Silver Market Report – 8/23/2013
FED STIMULUS CREATES ‘UNIQUE MARKET SITUATION’ Precious Metals prices are trending up through mid-day trading. With the release of a government report showing new-home sales data was weaker than expected, U.S. stocks and the dollar have begun to fall. A big part of investor uncertainty is the effect the report will have on the timing of the U.S. Federal Reserve taperin... Read More
Morning Gold & Silver Market Report – 8/23/2013
METALS FLAT AGAINST DOLLAR, BOND YIELDS Gold and Silver prices are mostly flat in early morning trading. The Gold price gave up earlier gains as the U.S. dollar rebounded from losses. U.S. Treasury bond yields rose, and HSBC analysts explained, “Rising U.S. Treasury yields are historically negative for Gold, and the potential for further weakness ... Read More
Closing Gold & Silver Market Report – 8/22/2013
GOLD STEADIES AS STRONGER DOLLAR OUTWEIGHS CHINESE MANUFACTURING DATA Better-than-expected Chinese manufacturing data helped to modestly boost Gold futures Thursday though strength in the dollar softened the chance of more substantial gains. “The flash (HSBC Purchasing Managers’ Index) reading indicates that China’s economy is growing faster ... Read More
Mid-Day Gold & Silver Market Report – 8/22/2013
MAJOR BANKS FORECAST HIGHER GOLD PRICE BY YEAR END Gold remains relatively flat today as low volume and lack of investor commitment ahead of the highly anticipated Fed stimulus tapering keeps Precious Metals trading in a tight range. The price plunge that saw Gold retreat to lows below $1,200 in late June has initiated a bevy of physical buying in India and China. Both nations traditionally represent the largest buyers of Gold jewelry, bars and coins, and the... Read More
Morning Gold & Silver Market Report – 8/22/2013
‘SUBSTANTIAL BUYING’ OF PHYSICAL GOLD CONTINUES The release of the weekly jobless claims report had little effect on Precious Metals prices, as the Gold price remained mostly flat and the Silver price remained positive. New claims rose by 13,000 last week, though the level remains near a low since the recession. Conti... Read More
Closing Gold & Silver Market Report – 8/21/2013
FED MINUTES FAIL TO INSPIRE METALS MOVEMENT As expected, the release of July’s Federal Reserve policy minutes failed to stimulate Precious Metals prices in any significant way. Since Fed-centric news has dominated financial headlines over the last several months, it may be time to start wondering if the impact of reducing the Fed’s quantitative easing (QE)... Read More
Mid-Day Gold & Silver Market Report – 8/21/2013
GOLD, STOCKS SOFTEN AS INVESTORS AWAIT FED MINUTES Investors eagerly await July’s Federal Open Market Committee (FOMC) minutes today, causing Gold futures to fall slightly ahead the release this afternoon. “There’s some hesitation in the market ahead of the Fed minutes,” David Meger, director of metal trading at Vision Financial Markets, said. “ Read More
Morning Gold & Silver Market Report – 8/21/2013
GOLD DOWN AHEAD OF FED MINUTES Minutes from the Federal Reserve’s July meeting will be released at 2 p.m. (ET) today, and the U.S. dollar is on the rise. In turn, stock futures and Precious Metals prices are slightly lower in early morning trading. Investors will be dissecting the minutes for any clues on the internal Fed debate regarding tapering of its quantitative easing program. Ole Hansen of Saxo Bank said, “Our c... Read More
Closing Gold & Silver Market Report – 8/20/2013
GOLD MOMENTUM CONTINUES; MARKET HOPES FED MINUTES PROVIDE CLARITY Gold, better known as an alternative investment for some, continued to trend upwards for the fourth time in five sessions due to a weaker dollar. The market is patiently waiting for the Federal Reserve’s Federal Open Market Committee meeting minutes, which wi... Read More
Mid-Day Gold & Silver Market Report – 8/20/2013
PRECIOUS METALS CONTINUE ASCENT Uncertainty surrounding the release of July’s Fed minutes is weighing on the dollar on Tuesday as Gold continues to benefit from the downward pressure. "In the end everybody is looking to the next FOMC minutes on Wednesday," said Tobias Merath, head of commodity research at Credit Suisse. "The Fed might sound rather dovish in the minutes, and that would be bullish for gold." Rising above technic... Read More
Morning Gold & Silver Market Report – 8/20/2013
GOLD, SILVER RECOVER AS INVESTORS AWAIT FED MINUTES Gold and Silver prices recovered from early losses this morning as investors await the release of minutes from the Federal Reserve’s July meeting, which will be released Wednesday. Peter Fertig of Quantitative Commodity Research explained, however, that the minutes will likely not shed much light on the situation. He said, “I don't think th... Read More
Closing Gold & Silver Market Report – 8/19/2013
ANALYST RECOMMENDS GOLD IN YOUR PORTFOLIO Gold was flat for the majority of the day after the superb bounce it received last week from weak U.S. economic data. Investors are beginning to return to Gold as analysts predict a very optimistic outlook for the metal. JPMorgan analyst, John Bridges, stays true to the yellow metal and suggests that Gold should be part of a portfolio, especially if someone is not confident in their currency. “We feel that there's at ... Read More
Mid-Day Gold & Silver Market Report – 8/19/2013
METALS FALL IN ANTICIPATION OF FED MINUTES Precious Metals prices fell during morning trading after a surge last week. Economic data and a softer U.S. dollar helped prices last week, and metals are likely seeing some profit-taking today. Analysts at brokerage firm IIFL said, “We reiterate that the Precious Metals will head higher during the course ... Read More
Morning Gold & Silver Market Report – 8/19/2013
GOLD, STOCK FUTURES LEVEL FOLLOWING LIVELY WEEK FOR MARKETS Precious Metals prices are trading flat this morning following a week that saw substantial gains for Gold and Silver due to monetary policy concerns, technical buying and further inflows to bullion-backed ETFs. The Gold price has jumped 8 percent over the last nine sessions while Silver had ... Read More
Weekly Gold & Silver Market Recap – 8/16/2013
GOLD RISES ON ASIAN ECONOMIC NEWS Precious Metals experienced an extraordinary week as prices trended upward from the factors supporting them. Beginning Monday, Gold futures traded higher as SPDR Gold Trust Fund, the world’s largest Gold exchange traded fund (ETF), substantially increased its holdings by 1.8 metric tons, marking its ... Read More
Mid-Day Gold & Silver Market Report – 8/16/2013
GOLD SET FOR BEST WEEK IN A MONTH Precious Metals prices continued their slow climb through mid-day trading. A report showing U.S. consumers are not as optimistic about the economy as forecasted has prompted investors to turn to alternative investments. Saxo Bank general manager Ole Hansen explained, “Investors are so concentrated on the whole talk about tapering that any disappointing U.S. data can bolster prices. People are pricing in the fac... Read More
Morning Gold & Silver Market Report – 8/16/2013
GOLD SELLOFF SLOWING; STOCKS LOOK TO REBOUND ON ECONOMIC REPORTS Gold and Silver futures are trading flat this morning while investors wait to see if Precious Metals can hang on to a strong week of gains. Gold is up roughly 4 percent, while Silver has out-performed all other metals, rising more than 12 percent this week. As Silver surges to its greatest weekly gain in almost two years, some analysts credit continued Read More
Closing Gold & Silver Market Report – 8/15/2013
BIG DAY FOR METALS ON TECHNICAL BUYING Following a slow start to Thursday’s trading session, Precious Metals prices have been lifted substantially as Gold broke through key technical levels and unrest in the Middle East boosted the safe haven appeal of metals. "Today's move was mostly driven by technicals, and that spooked the bearish bets out of the Gold market," said Axel Merk, c... Read More
Mid-Day Gold & Silver Market Report – 8/15/2013
GOLD RALLIES IN RESPONSE TO STOCK MARKET DROP After better than expected jobless claims data caused Gold futures to dip in morning trading, the yellow metal has rallied in response to a sharp drop in U.S. stocks and treasury bonds. According to Gold Newsletter editor Brien Lundin, “Pundits out there are touting safe haven demand, and I can’t argue with tha... Read More
Morning Gold & Silver Market Report – 8/15/2013
GOLD ETF BUYING RESUMES; GOLD MAY HAVE REACHED BOTTOM Precious Metals prices remain flat this morning as Gold holds at its highest level in three weeks on investor hopes that the U.S. Federal Reserve might delay monetary stimulus tapering. Additionally, exchange-traded fund (ETF) holdings for SPDR Gold Trust, the world’s largest Gold-backed ETF, rose for a second week in a row. Read More
Closing Gold & Silver Market Report – 8/14/2013
GOLD REGAINS LOST GROUND AS STOCKS SLIDE AGAIN Gold held on to early gains Wednesday as the metal was able to recover from yesterday’s losses. While Gold rose moderately, Silver has rallied for the fifth straight session, reaching its highest level since mid-June. Analysts are now waiting to see if Gold can break through its next resistance level of $1,350 per ounce following tomorrow’s release of the July Consumer Price Index (CPI). Economi... Read More
Mid-Day Gold & Silver Market Report – 8/14/2013
ECONOMIC SIGNS MAY BE TOO UNSTEADY TO REDUCE QE Gold is up slightly today despite the ever-present concern over the possibility of the U.S. Federal Reserve reducing their asset purchases in the very near future. Many analysts and investors view the reduction as bearish for Precious Metals since the inflationary fears so integral to boosting metals prices would be reduced along with monthly injections of “new money” into the... Read More
Morning Gold & Silver Market Report – 8/14/2013
GOLD COULD HIT $1,600 AN OUNCE; EUROZONE EXITING LONGEST RECESSION Gold is flat this morning due to a stronger U.S. dollar and Treasury yields, but analysts continue to be optimistic for the yellow metal. Adrian Day, president of Adrian Day Asset Management, believes Gold will rally to $1,600 an ounce by the end of 2013, due mainly to the U.S. Federal Reserve’s mixed messages of tapering quantitative easing. “All the Federal Reserve is talking about is... Read More
Closing Gold & Silver Market Report – 8/13/2013
SEASONAL GOLD DEMAND COULD BOOST THIRD QUARTER PRICE Following a four day rally, Gold ended the day down after a strong dollar and an optimistic U.S. economic outlook increased the likelihood the U.S. Federal Reserve will soon rein in its monetary easing program. Strong economic data has outweighed negative data in 2013, which Jim Russell, senior equity strategist at U.S. Bank’s Private Client Reserve, said is “consistent with the Federal Reserve moving... Read More
Mid-Day Gold & Silver Market Report – 8/13/2013
WEAK RETAIL SALES WEIGH ON MARKETS Even as trading volume remains low during the summer season, Gold is down halfway through Tuesday’s session as a stronger dollar and reports of an increase on Indian import taxes weigh on the metal. However, July retail sales data came in below target, leaving many economists wondering whether tapering of the ... 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.
