Precious Metals Market Reports
Morning Gold & Silver Market Report – 7/8/2013
EARNING SEASON BEGINS; STOCKS, GOLD UP It’s the unofficial start to the second quarter earnings season, and futures are pointing positive. Earning seasons are the months following the end of a quarter; January, April, July, and October. Aside from the regular slew of financial news this week, including the release of the minutes from the Federal Open Market Committee meeting from June, investors will begin looking toward second-quarter earnings. Many companies have already ... Read More
Weekly Gold & Silver Market Recap – 7/5/2013
JOBS NUMBERS PUSH DOWN GOLD AT WEEK’S END This week saw Precious Metals continue their descent as Friday’s non-farm payroll numbers helped lift the stock market and put further pressure on Gold and Silver. Precious Metals prices fell today, reacting to a stronger-than-expected jobs report for June. Danske Bank analyst Christin Tuxen said that a stronger jobs report “would suggest that although rates are se... Read More
Mid-Day Gold & Silver Market Report – 7/5/2013
STOCKS HOLD ON TO GAINS; GOLD SUFFERS Stocks have wavered some but are staying positive today on a strong jobs report. Investors can expect continued volatility today with fewer participants in the trading session, which would help even things out. It seems that investors may have decided that the most recent jobs report is not a “Goldilocks” report, a term financial analysts have begun using for reports that are just good enough to point to continued economic recovery, but ... Read More
Morning Gold & Silver Market Report – 7/5/2013
STRONG JOBS REPORT BRINGS DOWN METALS PRICES Precious Metals prices fell this morning, reacting to a stronger-than-expected jobs report for June. Danske Bank analyst Christin Tuxen said that a stronger jobs report “would suggest that although rates are set to stay at record lows in Europe, that may not be the case in the United States.” The U.S. dollar rose more than one percent against comp... Read More
Closing Gold & Silver Market Report – 7/3/2013
GLOBAL CRISES BOOST APPEAL OF GOLD Gold and Silver are realizing slight gains today as the safe haven appeal of Precious Metals temporarily resumed following political turmoil in Portugal and Egypt. “Rising tensions in Egypt and re-emergence of the European crisis, along with the mixed data today” combined to underpin gold prices Wednesday, according ... Read More
Closing Gold & Silver Market Report – 7/3/2013
Gold and Silver are realizing slight gains today as the safe haven appeal of Precious Metals temporarily resumed following political turmoil in Portugal and Egypt. “Rising tensions in Egypt and re-emergence of the European crisis, along with the mixed data today” combined to underpin gold prices Wednesday, according to a Precious Metals dealer chief market analyst. As hastening vio... Read More
Mid-Day Gold & Silver Market Report – 7/3/2013
SHORT U.S. TRADING SESSION; GOLD GAINS ON WEAK DOLLAR The U.S. stock markets closed today at 1 p.m. (ET), and stocks hovered near the breakeven point. Offsetting data ranging from weak Chinese service sector reports to positive U.S. labor market input pushed and pulled on investors this morning. Another worry adding to investor strategy is the potential collapse of Portugal’s government after two cabinet members resigned. Read More
Morning Gold & Silver Market Report – 7/3/2013
DATA BRING STOCKS, METALS DOWN A smattering of economic data released this morning caused U.S. stock futures and Precious Metals prices to fall, though stocks only added to losses while Precious Metals had been hanging on to gains. This downward trend started after the ADP’s private sector jobs report showed a better than expected increase, an... Read More
Closing Gold & Silver Market Report – 07/02/2013
U.S. STOCKS CLOSE DOWN; GOLD STRUGGLES AGAINST DOLLAR Solid numbers from automobile sales and factory orders weren’t enough to keep stocks in the black today as investors began to look ahead to the jobs report, due Friday. The decline started after New York Federal Reserve President William Dudley confirmed the U.S. Federal Reserve’s sta... Read More
Mid-Day Gold & Silver Market Report – 7/2/2013
DOLLAR STRENGTH WEIGHS ON GOLD The Gold price has been pushed moderately lower today as the U.S. dollar maintains its momentum versus other leading world currencies. The dollar pushed back above 100 yen today as many investors remain confident in imminent tapering of quantitative easing (QE) measures. “We know that it is an ... Read More
Morning Gold & Silver Market Report – 7/2/2013
INVESTORS AWAIT DATA Precious Metals prices are mostly flat this morning, as Gold eyes a third straight day of gains. Societe Generale metals analyst Robin Bhar explained, “It is a short-covering bounce after the losses seen last week, and people are now data-watching and want to see how this impacts on the [Federal Open Market Committee] policy.” Mixed results from economic data are forcing investors t... Read More
Closing Gold & Silver Market Report – 07/01/2013
GOLD PRODUCTION COULD SLOW After a second quarter slide that saw Gold fall more than 23 percent, the yellow metal has started July with strong gains. Following the recent decline that sent Gold through many key technical levels, today’s price jump is due to a drove of backfill orders by bargain hunting investors. Along with discussion that the U.S. Federal Reserve will begin tapering quantitative easing, the “strengthening of the [U.S. dollar], un... Read More
Mid-Day Gold & Silver Market Report – 7/1/2013
GOLD BREAKS THROUGH RESISTANCE LEVEL The Gold price added to gains in morning trading, continuing its recovery from June’s losses. iiTrader founder and CEO Rich Ilczyszyn told CNBC that “a close above $1,254.30 will signal a consolidation higher. Furthermore, a close above $1,275 will be needed to signal a slight reversal, and a likely trade up to $1,323.” According to Ilczyszyn, if the price can hold a... Read More
Morning Gold & Silver Market Report – 07/01/2013
U.S. STOCKS, GOLD START JULY STRONG Wall Street rose during the second quarter while the Gold price had one of its worst quarters in history. Stocks finished the month up amid concerns about the U.S. Federal Reserve’s tapering of their quantitative easing program. As July gears up, an upbeat managers survey in Europe helped overcome some of the lackluster readings on Chinese factory activity and investors are now looking forward to this morning’s manufacturing data and cons... Read More
Weekly Gold & Silver Market Recap – 6/28/2013
PRECIOUS METALS WEIGHED DOWN BY POSITIVE U.S. OUTLOOK This week the Precious Metal prices continued to fall based on a positive outlook with the United States economy. Even before the U.S. market opened Monday, the Gold price pushed near a three year low in overnight trading as it lost nearly one percent on a stronger dollar. So far, this has been a difficult year for the Precious Metal, having lost 24 percent overall. Read More
Weekly Gold & Silver Market Recap – 6/28/2013
PRECIOUS METALS WEIGHED DOWN BY POSITIVE U.S. OUTLOOK This week the Precious Metal prices continued to fall based on a positive outlook with the United States economy. Even before the U.S. market opened Monday, the Gold price pushed near a three year low in overnight trading as it lost nearly one percent on a stronger dollar. So far, this has been a difficult year for the Precious Metal, having lost 24 percent overall. Read More
Mid-Day Gold & Silver Market Report – 6/28/2013
GOLD REBOUNDS AFTER WAVE OF SHORT COVERING The Gold price experienced a turbulent morning of trading Friday as the initial price drop of roughly $20 an ounce evaporated following a barrage of short covering. “There are some people covering shorts and some people taking losses as part of quarterly book-squaring to position for the next quarter,” Bill O'Neill, partner... Read More
Morning Gold & Silver Market Report – 6/28/2013
TAPERING AS EARLY AS SEPTEMBER; GOLD MINES CLOSE The Gold price fell, and stock markets reversed course into the negative after comments from a Federal Reserve official. Fed Gov. Jeremy Stein suggested that the central bank could begin tapering as early as September. “The best approach is for the [Fed] to be clear Read More
Closing Gold & Silver Market Report – 6/27/2013
HIGH EXPECTATIONS FOR GOLD; FED PRESIDENT BELIEVES QE WILL CONTINUE As Gold drops, James Rickards, managing director at Tangent Capital, remains bullish on the yellow metal with an optimistic view for the near future. Richards believes the Federal Reserve will do the opposite of their proposal to pullback on fiscal policy and instead increase asset purchases as deflation is truly a concern for them. “In the next two months, the Fed is going to make it clear that they will no... Read More
Mid-Day Gold & Silver Market Report – 6/27/2013
GOLD TAKES BREATHER WHILE STOCKS CONTINUE RALLY Precious Metals prices are relatively flat today following Wednesday’s price descent as the U.S. dollar prolongs its rally. Yesterday’s 4 percent drop in Gold price pulled the metal down to its lowest point since August 2010. As real interest rates continue to rise, the short-term downward p... Read More
Morning Gold & Silver Market Report – 6/27/2013
STOCKS GAINING AS GOLD STRUGGLES U.S. stocks are gaining ground in pre-open trading, picking up where they left off yesterday. Where the markets go from here is dependent on key data indicators such as today’s positive weekly jobless claims and what a trio of Federal Reserve speakers has to say. Wouter Sturkenboom, investment strategist at Russ... Read More
Closing Gold & Silver Market Report – 6/26/2013
MOMENTUM FOR GOLD SELL-OFF BUILDS DESPITE NEGATIVE GDP REVISION Gold futures have fallen once again to new multiyear lows as the persistent fear of a reduction in the scale of quantitative easing continues to diminish the appeal of Precious Metals. The 23 percent decline in Gold price this quarter has many investors spooked, causing a sustained onslaught of panic selling in electronic markets. “A combination of dollar strength, economic progress and a re-rati... Read More
Mid-Day Gold & Silver Market Report – 6/26/2013
FED FEARS CONTINUE TO PUT PRESSURE ON PRECIOUS METALS Precious Metals are continuing to struggle today with Tuesday’s U.S. consumer confidence report being at its highest level in nearly five years. Further optimistic U.S. data has been seen more recently with elevated orders for durable goods and the largest housing prices rise in nearly seven years. These factors indicate the U.S. economy is recovering, putting the Federal Reserve on the verge of tapering monetary easing ... Read More
Morning Gold & Silver Market Report – 6/26/2013
GROSS DOMESTIC PRODUCT (GDP) MISSES MARK While the Precious Metals market reached a three year low overnight, the lackluster U.S. GDP report has the market recouping some of its losses. The first quarter economic growth in the United States was estimated at 2.4 percent; however, the final revised number came in much lower at 1.8 percent. This report could put a damper on talks of ending the Fed’s monetary easing program. While t... Read More
Morning Gold & Silver Market Report – 6/26/2013
GROSS DOMESTIC PRODUCT (GDP) MISSES MARK While the Precious Metals market reached a three year low overnight, the lackluster U.S. GDP report has the market recouping some of its losses. The first quarter economic growth in the United States was estimated at 2.4 percent; however, the final revised number came in much lower at 1.8 percent. This report could put a damper on talks of ending the Fed’s monetary easing ... Read More
Closing Gold & Silver Market Report – 6/25/13
GOLD TRYING TO FIND SUPPORT As the U.S. markets come to a close today, Gold has added to its losses from yesterday. Gold and other Precious Metals have been searching for some support in the market after the U.S. Federal Reserve pointed toward an exit to their easing program. “Concerns over credit-market conditions in China, rising U.S. bond yields and th... Read More
Mid-Day Gold & Silver Market Report – 6/25/2013
U.S. STOCKS UP, GOLD DOWN ON POSITIVE DATA Stocks retreated yesterday but are recovering some of the lost ground today as investors are embracing economic reports showing stabilization in manufacturing and a rise in home prices. Art Hogan, market strategist at Lazard Capital Markets LLC., said, “For the first time in this current cycle we’ve looked at good economi... Read More
Morning Gold & Silver Market Report – 6/25/2013
CHINA CONCERNS FADE; GOLD, STOCKS RISE Stock futures and Precious Metals prices are on the rise this morning after concerns about China have eased. VTB Capital analyst Andrey Kryuchenkov said, “Bullion showed little reaction to firmer equities and other commodities, including Platinum group metals and Silver, after the People's Bank of China tried to once more calm the market on liquidity concerns.” Kry... Read More
Closing Gold & Silver Market Report – 6/24/2013
METAL PRICES MOVE AS U.S. DOLLAR BECOMES MORE ATTRACTIVE Gold fell lower today as the U.S. dollar strengthened with news that China’s current housing market condition is similar to the infamous 2008 U.S. mortgage bubble. The major factor affecting Precious Metals presently is last week’s announcement from the Federal Reserve that easing measures may be tapered in the near future. Investors translate the message from the Fed as a positive sign that the economy is... Read More
Mid-Day Gold & Silver Market Report – 6/24/2013
DOLLAR, BOND YIELDS WEIGHING ON GOLD PRICE Gold and Silver prices have continued to fall in morning trading. While the U.S. dollar is trading higher, it is not the only factor weighing on the Gold price. Eugen Weinberg of Commerzbank explained, “Alongside the firm U.S. dollar, still rising bond yields are weighing on prices, because... Read More
Morning Gold & Silver Market Report – 6/24/2013
CHINESE DATA A NEGATIVE FOR GLOBAL MARKETS Global markets were hit hard by a more than 5 percent drop in the Chinese stock market Monday. This increased fears of a liquidity crunch, so much so that Goldman Sachs became the latest to cut its Chinese growth forecasts. European markets fell prey to negative results after the Shanghai stocks melted down. Read More
Morning Gold & Silver Market Report – 6/24/2013
CHINESE DATA A NEGATIVE FOR GLOBAL MARKETS Global markets were hit hard by a more than 5 percent drop in the Chinese stock market Monday. This increased fears of a liquidity crunch, so much so that Goldman Sachs became the latest to cut its Chinese growth forecasts. European markets fell prey to negative results after the Shanghai stocks melted down. Read More
Weekly Gold & Silver Market Recap – 6/21/2013
PRECIOUS METALS REACT TO FED ANNOUNCEMENT This week’s financial news revolved around the Federal Open Market Committee (FOMC) meeting and the future of their monetary easing program. On Monday, while the stock market and U.S. dollar indexes rose in anticipation of the FOMC meeting, Gold headed the other way. The Gold price closed last week on a higher note on strong bullion demand, a drop in the U.S. stock market and rising tension in the Middle East. Monday, investors were ... Read More
Mid-Day Gold & Silver Market Report – 6/21/2013
GOLD’S SLOW RECOVERY The Gold price recovered some ground in overnight trading after hitting near three-year lows. After the U.S. stock market opened, the Precious Metal has remained mostly flat, inching its way into positive territory. At this rate, when the day is over, Gold will have stayed on track for its biggest weekly drop in almost two years and the U.S. Fe... Read More
Morning Gold & Silver Market Report – 6/21/2013
GOLD BEGINS LONG ROAD TO RECOVERY The Gold price is slowly rising this morning as it attempts to recover some of yesterday’s losses. One factor contributing to the severity of the price drop was news that CME Group Inc. was raising margin requirements for the metal at the end of the week. This caused many traders to liquidate thei... Read More
Closing Gold & Silver Market Report – 6/20/2013
GOLD, SILVER AT TWO AND A HALF YEAR LOWS One day after U.S. Federal Reserve Chairman Ben Bernanke indicated that the Fed’s monetary stimulus policies could taper off before the end of the year, Gold and Silver prices continued their drastic declines in afternoon trading. Both metals ended the day at lows not seen in two and a half years in w... Read More
Mid-Day Gold & Silver Market Report – 6/20/2013
GOLD FEELS PRESSURE ON ALL FRONTS After United States Federal Reserve Chairman Ben Bernanke hinted at the end of their monetary easing policy yesterday, the Precious Metals market started moving downward and hasn’t stopped since. However, the U.S. stimulus policy is not the only issue weighing on the price of Precious Metals today. "We're seeing a stronger U.S. dollar, real rates are looking quite strong, in... Read More
Morning Gold & Silver Market Report – 6/20/2013
GOLD TUMBLES TO 2 1/2 YEAR LOWS The Gold price fell sharply in overnight trading, spurred on by the U.S. Federal Reserve indicating they would begin tapering their monetary stimulus later this year. Losses for the Precious Metal continued during European trading, even dropping below $1,300 an ounce. Sharps Pixley director Austin Kiddle said... Read More
Closing Gold & Silver Market Report – 6/19/2013
METALS DIP ON FED REPORT; RON PAUL EVALUATES GOLD Precious Metals prices began to fall today after U.S. Federal Reserve Chairman Ben Bernanke announced the probability of reducing asset purchasing by the end of 2013 and completely ending it in 2014. Bernanke made it clear, however, that how the economy performs will determine how the Fed will proceed, stating, “If you draw the conclusion that I've... Read More
Closing Gold & Silver Market Report – 6/19/2013
METALS DIP ON FED REPORT; RON PAUL EVALUATES GOLD Precious Metals prices began to fall today after U.S. Federal Reserve Chairman Ben Bernanke announced the probability of reducing asset purchasing by the end of 2013 and completely ending it in 2014. Bernanke made it clear, however, that how the economy performs will determine how the Fed will proceed, stating, “If you draw the conclusion tha... Read More
Mid-Day Gold & Silver Market Report – 6/19/2013
METALS, STOCKS AWAIT FED ANNOUNCEMENT Gold and Silver prices have held firm in morning trading ahead of the U.S. Federal Reserve’s policy statement due this afternoon. Saxo Bank Vice President Ole Hansen said, “Bottom line, we expect no tapering [of quantitative easing] on the basis that current economic data don't support such a move. But the Fed is now responsible for market regulation and stability, ... Read More
Morning Gold & Silver Market Report – 6/19/2013
GOLD STARTS DAY MOVING UP As the markets open this morning, the Gold price is up slightly. The markets have been waiting for the United States Federal Reserve to speak on the future of their monetary easing program and today the wait is over. There has been much speculation on what will be said by Fed Chairman Ben Bernanke and when it is a... Read More
Closing Gold & Silver Market Report – 6/18/2013
STOCKS, METALS CONTRASTING BEFORE FOMC MEETING Gold and Silver prices fell by approximately one percent today as the focus has been the upcoming Federal Open Market Committee (FOMC) meeting. James Steel of HSBC said, “Should the FOMC not come any closer to giving greater clarification on the asset-buying program, then the Gold market could rally and investors who have been shorting Gold in anticipation ... Read More
Mid-Day Gold & Silver Market Report
INVESTORS ANXIOUS AHEAD OF FOMC MEETINGS The Gold price is down again Tuesday as anticipation builds for the announcement of a possible decline in monetary stimulus. The $85 billion in monthly mortgage backed securities and treasury debt have been perpetuated by the U.S. Federal Reserve to boost a lagging U.S. economy. Both ... Read More
Morning Gold & Silver Market Report
GOLD AWAITS FED MEETING Every financial market is locked in on the two day U.S. Federal Reserve meeting that begins today. Precious Metals investors are looking for some type of direction on the future of the monetary easing program that has supported the market for years. Gold prices have been lower to start the week due to the idea that the Fed will announc... Read More
Closing Gold & Silver Market Report – 6/17/2013
METALS STEADY BEFORE FED MEETING; G8 DISCUSSES GLOBAL ECONOMY The U.S. Federal Reserve’s two day policy meeting begins tomorrow. Fed Chairman Ben Bernanke is scheduled to speak Wednesday regarding the next movement for U.S. monetary policy. As investor eagerness develops, the Precious Metals market is quiet and prices remain stable for the day. “With very few clear choices left for monetary growth, U.S. equities continue to show resilience. Read More
Mid-Day Gold & Silver Market Report – 6/17/2013
FOMC ANTICIPATION WEIGHS ON GOLD, BOOSTS STOCKS The Gold price has fallen lower Monday as positions waver ahead of the U.S. Federal Reserve’s Federal Open Market Committee (FOMC) meeting. Recent speculation that the Fed will begin to reduce the scale of monetary stimulus has pulled Gold down. The program was formerly an integral motivator in drivin... Read More
Morning Gold & Silver Market Report – 6/17/2013
FOMC TO MEET; MARKETS SHOW POSITIVE START U.S. stock futures are making a move upward Monday morning as investors look forward to this week’s Federal Open Market Committee (FOMC) meeting. The hope is that the meeting will shed enough light on the U.S. Federal Reserve’s plan for tapering that investors can relax. This week’s upcoming data includes a manufacturer’s report and a home builder’s index. Read More
Weekly Gold & Silver Market Recap – 6/14/2013
GOLD PRICE ENDS THE WEEK MOVING UP As the week began there was not much news that moved the cost of Gold. Metals prices reacted quietly after news broke that credit rating agency Standard & Poor’s raised the U.S. credit outlook from negative to stable. This announcement will likely create commotion in the market place as the U.S. has recently seen improved labor-market conditions, which could lead the Federal Reserve to cut back or discontinue further quantitative easing... Read More
Mid-Day Gold & Silver Market Report – 6/14/2013
GOLD STAYS BELOW $1,400 AS INVESTORS AWAIT FOMC MEETING Gold is up slightly headed into the weekend as prices continue to remain relatively range-bound. The current price pattern Gold is experiencing is largely due to a lack of clear-cut expectations regarding the Fed’s future plans for monetary easing. “The Fed meeting next week has kept a lot of people on the sid... Read More
Morning Gold & Silver Market Report – 6/14/2013
REPORT: BERNANKE TO EASE TAPERING FEARS The Gold price rose in early-morning trading after a late report by the Wall Street Journal Thursday suggested that the Federal Reserve isn’t ready to end quantitative easing (QE). The report states that Fed Chairman Ben Bernanke will say that QE tapering doesn’t necessarily mean the ... Read More
Closing Gold & Silver Market Report – 6/13/2013
PAST, PRESENT AND FUTURE INFLUENCES FOR GOLD Gold dropped by 1 percent today as further U.S. economic data reflected a positive tone to a healthy recovery for the country. The market will patiently wait for any news to break at next week’s U.S. Federal Reserve policy meeting for signs that the central bank will scale back quantitative easing. “Gold prices are vulnerable to additional declines over... Read More
Mid-Day Gold & Silver Market Report – 6/13/2013
STRONG ECONOMIC FIGURES WEIGH ON METALS Better than expected employment data as well as strong retail sales reports from May have put further downward pressure on Gold today. “The bottom line: while not very strong, consumer spending continues to show resilience, consistent with the labor-market data — including jobless claims this morning,” Jim O’Sullivan, chief U.S. economist at High Frequency Economics, said. Though the U.S. dollar is down today, the tradi... Read More
Morning Gold & Silver Market Report – 6/13/2013
GOLD PLAYS THE WAITING GAME The Gold market, along with most other financial markets, is waiting on news from the U.S. Federal Reserve next week regarding their stimulus program. “The sentiment is still very divided over whether the Fed will taper or not,” Joyce Liu, an investment analyst at Phillip Futures in Singapore, said. “Due to the lack of major market-moving events, people are just trading on technicals until some senior Fed officials say somet... Read More
Closing Gold & Silver Market Report – 6/12/2013
MARKETS UNCLEAR ON U.S. FISCAL POLICY DIRECTION Gold is on the rise today compared to the U.S. dollar, which has slipped against other foreign currencies. The market is anxiously waiting for next Wednesday’s policy statement from the U.S. Federal Reserve with predications that economic stimulus may be cut. Portfolio manager Robert Spina of the Spina Group at Morgan Stanley Wealth Management shared his thoughts on how the Fed may approach continuing or winding down quantitati... Read More
Mid-Day Gold & Silver Market Report – 6/12/2013
GOLD UP AS STRONGER EURO IMPACTS THE DOLLAR Though Precious Metals remain under pressure from the prospect of weakening commitment to quantitative easing (QE) measures, Gold is up midway through Wednesday following two straight sessions of losses. As European equities rise today, U.S. shares are settling lower though recent momentum for both metals and stock markets have been generally rever... Read More
Morning Gold & Silver Market Report – 6/12/2013
STOCK MARKETS STABLIZE; GOLD UNCERTAIN European markets are up, and Asian markets pared early losses today as the U.S. stock market is set to open on a positive note from rising futures trading. Stocks in Europe were up today after better-than-expected data was released showing the area’s industrial output increased for April. Investors will likely keep their eyes on central bank policies, specifically from the U.S. Federal Reserve. Read More
Closing Gold & Silver Market Report – 6/11/2013
GOLD PRICE ENDS THE DAY LOWER As the day winds down, so does the cost of Gold. There are many factors weighing on the Gold market including one major reason from India. As the world’s largest buyer of Gold, India’s new measures to curb Gold imports has dragged on the market. Before the new import rules... Read More
Mid-Day Gold & Silver Market Report – 6/11/2013
PRESSURE ON GOLD PRICE CONTINUES The Gold price continues to fall into the day as the effects of the Bank of Japan’s announcement that they will not extend their stimulus is felt. The BoJ’s decision may be the beginning of the end of the era of loose monetary policy. Gold has already suffered by talk coming out of the U.S. Federal Reserve as they consider when to end their monetary easing program. Read More
Morning Gold & Silver Market Report – 6/11/2013
BANK OF JAPAN’S POLICY DECISION PULLS DOWN MARKETS Precious Metals are trading lower this morning after the Bank of Japan’s announcement that it would not extend its stimulus program. Whether the U.S. Federal Reserve will follow suit with tapering its quantitative easing program remains to be seen. Credit Agricole analyst Robin Bhar said, “The market is coming around to the view that the Fed... Read More
Closing Gold & Silver Market Report – 6/10/2013
LITTLE MOVEMENT WITH METAL PRICES; FRENCH PRESIDENT CLAIMS END OF EURO CRISIS There has been no real movement with Precious Metal prices today. All metals reacted quietly after news broke that credit rating agency Standard & Poor’s raised the U.S. credit outlook from negative to stable. This announcement will likely create commotion in the market place as the U.S. has recently seen improved labor-market conditions, which could lead the Federal Reserve to cut back or dis... Read More
Mid-Day Gold & Silver Market Report – 6/10/2013
S&P OUTLOOK UPGRADE COULD SPELL DOOM FOR BARGAIN Credit ratings agency Standard & Poor’s raised its outlook for the U.S. credit rating from “negative” to “stable” today, citing “tentative improvements” such as the fiscal cliff deal reached late in the year and better-than-expected growth with involvement from the private sector. S&P does not, however, have much faith in lawmakers to deal with long-term economic issues. They said in a note, “We expect re... Read More
Morning Gold & Silver Market Report – 6/10/2013
STOCKS START STRONG; GOLD EASES The U.S. stock market gained in overnight trading on positive news from Japanese markets as stocks there rallied. Investors seem to be overlooking weaker data coming out of China, which indicates the world’s second largest economy is stuck in stagnant growth, and instead are looking ahead to a speech from St. Louis Federal Reserve President James Bullard. Read More
Weekly Gold & Silver Market Recap – 6/7/2013
GOLD CLOSES LOWER IN UP & DOWN WEEK This week had a bit of everything in the market, and by the end of the week Gold finished slightly lower. On Monday, Gold was off to a good start with news out of Asia. Both the U.S. dollar and some European shares fell due to poor Chinese data, which gave the Gold price a boost. The data announced this week played an important part in the price of Gold as the U.S. central bank said Monday it will keep up the current pace of its stimu... Read More
Mid-Day Gold & Silver Market Report – 6/7/2013
GOLD DOWN DESPITE BULLISH OUTLOOK BY EXPERTS After two straight weeks of gains, Gold is set to end the week down as encouraging employment data reassured equities investors and drove the Gold price down headed in to the weekend. The information advanced enthusiasm with market analysts who seek a diminishing presence of monetary stimulus measures. Former Federal Reserve Chairman Alan Greenspan commented Friday that the Read More
Morning Gold & Silver Market Report – 6/7/2013
JOBS REPORT ADDS ANOTHER PIECE TO THE PUZZLE Precious Metals prices initially added to losses after the release of the monthly jobs report, but experienced some choppy trading afterwards as investors had time to process the information. The report showed the addition of 175,000 jobs in the private sector in May, though the unemployment rate jump... Read More
Closing Gold & Silver Market Report – 6/6/2013
GOLD & CRUDE OIL AWAIT FRIDAY’S JOBS REPORT Gold is on the rise today with no key news in the market; however tomorrow is a different story. Investors are anticipating Friday’s non-farm payroll data that will suggest how the U.S. Federal Reserve may move forward or pullback its quantitative easing measures. “The metal remains largely rangebound and is not profiting from a lower dollar today as inv... Read More
Mid-Day Gold & Silver Market Report – 6/6/2013
GOLD RISES ON WEAKER DOLLAR AHEAD OF FRIDAY’S PAYROLL NUMBERS The Gold price broke higher today as a weaker dollar had a positive impact on Precious Metals. With news from Europe confirming sustained low interested rates and larger than expected gross domestic contraction in the region, Gold traders look ahead to Friday’... Read More
Morning Gold & Silver Market Report – 6/6/2013
ECB HOLDS RATES; MARKETS AWAIT U.S. JOB NUMBERS The European Central Bank held its benchmark interest rates at record lows today spurring a rebound from a six-week low for the European markets. U.S. indexes are also up on the news. Investment manager Chris Godding at Signia Wealth Ltd. in London said, “You need the global economy to pick up, you n... Read More
Closing Gold & Silver Market Report – 6/5/2013
POOR JOBS REPORT LIFTS GOLD; INDIA DISCOURAGED FROM INVESTING IN GOLD Precious Metals received a boost today after the U.S. jobs report reflected worse than expected data for the month of May. Analysts are highly anticipating Friday’s release of the monthly non-farm payrolls report to get a better sense of which direction the U.S. economy may be heading. There is concern within the market that th... Read More
Mid-Day Gold & Silver Market Report – 6/5/2013
GOLD UP, STOCKS DOWN ON POOR JOBS DATA Precious Metals prices have risen slightly in Wednesday morning trading as private-sector employment numbers disappointed just before the release of Friday’s nonfarm payroll data. Investors concerned about the future of monetary stimulus measures in the U.S. will be intently awaiting the outcome of this information as a ... Read More
Morning Gold & Silver Market Report – 6/5/2013
WEAK JOB REPORT SUPPORTS GOLD Gold prices have started the morning up on the report of weaker than anticipated job growth in the month of May. The report showed 30,000 less new jobs created last month than was expected. The report will be taken as an indication that the economy in the United States is slowing and gives cause for the U.S. Federal Reserve to continue its monetary easing program. “As far as the tape... Read More
Closing Gold & Silver Market Report – 6/4/2013
LOWER GOLD COST DRAWS IN BUYERS Gold ended the day down in afternoon trading, pushed there by heavy selling pressure. According to the World Gold Council (WGC), demand for Gold is down about thirteen percent in the first quarter of this year compared to last year. However, that is mostly influenced by the large sell-off of electronically traded funds during that time. It i... Read More
Mid-Day Gold & Silver Market Report – 6/4/2013
GOLD PRICE DIPS AGAIN The world’s largest consumer of Gold is the country of India, but the country’s government is putting a restriction on imports of the metal. The Reserve Bank of India extended an imports restriction on banks that they introduced last month. The announcement came after the country’s Gold imports increased between April and May by nearly 20 tons. So... Read More
Morning Gold & Silver Market Report – 6/4/2013
FRIDAY DATA EYED FOR CLUES TO QE’S END The Gold price is giving up yesterday’s gains in morning trading as investors speculate on upcoming economic data and the end of the Fed’s quantitative easing program. U.S. nonfarm payroll data will be released Friday, and many investors will be looking to the report for clues on the current state of the economy. Mark Keenan of Societe Generale said, “S... Read More
Closing Gold & Silver Market Report – 6/3/2013
MARKET’S FOCUS IS ON ‘THE OTHER BULLION’ Rick Rule of Sprott Asset Management remains bullish for Gold especially in the long-term, but is presently optimistic for the underrated metals Platinum and Palladium. “We call that ‘The Other Bullion,’” he said. “What's particularly attractive about it is that the above-ground inventory is less than 12 months fabrication supply. There is no historical supply. All of the supply is new-mine supply,” Rule said regarding... Read More
Mid-Day Gold & Silver Market Report – 6/3/2013
POOR MANUFACTURING BOOSTS GOLD Weak manufacturing data for the month of May has weighed on the dollar this morning causing a lift in Precious Metals prices. Today’s boost comes after last Friday’s session saw the Gold price fall 1.4 percent after figures showed U.S. consumer sentiment at its highest level since 2007. Reports showed that industrial output fell for the first time since November. Read More
Morning Gold & Silver Market Report – 06/03/2013
U.S. STOCKS, GOLD UP BEFORE WALL STREET OPENS Positive data coming out of Europe has helped push U.S. stock futures higher before the opening bell. The market is looking to rebound from a drop last week as it tries to shake off China’s manufacturing data and potentially lukewarm U.S. manufacturing due later. Chief market economist Peter Cardill... Read More
Weekly Gold & Silver Market Recap – 5/31/2013
GOLD ON THE MOVE Gold experienced both ups and downs this week with ongoing speculation over whether the U.S. Federal Reserve would end quantitative easing (QE) earlier than expected. Even though the physical Gold demand is on the rise, a stronger U.S. dollar has kept pressure on the yellow metal. Gold continues to be overshadowed by exchange traded funds, which are recording record outflows. Read More
Mid-Day Gold & Silver Market Report – 5/31/2013
CONSUMER SENTIMENT BOOSTS STOCKS, LOWERS GOLD Gold is down today, setting the metal up for losses in seven of the last eight months. Today’s losses have erased gains from yesterday that saw Gold settle at its highest point in almost two weeks. Short term prospects for the metal have declined during the last few months as better-than-expecte... Read More
Mid-Day Gold & Silver Market Report – 5/31/2013
CONSUMER SENTIMENT BOOSTS STOCKS, LOWERS GOLD Gold is down today, setting the metal up for losses in seven of the last eight months. Today’s losses have erased gains from yesterday that saw Gold settle at its highest point in almost two weeks. Short term prospects for the metal have declined during the last few months as better-than-expecte... 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.
