Precious Metals Market Reports
Mid-Day Gold & Silver Market Report – 3/15/2013
INFLATION HIGHEST IN THREE YEARS; CONSUMER SENTIMENT DROPS According to the U.S. Department of Labor, February’s increase in gasoline prices was an unexpected primary contributor to the 0.7 percent increase in the consumer price index (CPI), accounting for about three quarters of the increase. The Department of Labor is reporting that excluding the spike in g... Read More
Morning Gold & Silver Market Report – 3/15/2013
CONSUMER PRICES RISE MOST SINCE JUNE 2009 Precious Metals prices remained steady after the release of the Consumer Price Index (CPI), which is a key inflation gauge. The CPI showed consumer prices rose 0.7 percent in February, the largest gain since June 2009. The main factor in the increase was gasoline prices, which also experi... Read More
Closing Gold & Silver Market Report – 3/14/2013
GOLD HOLDING AS U.S. DATA REMAINS MIXED Gold continues to hold steady on mixed U.S. economic news. The yellow metal has been trying to break through the $1,600 level but has felt pressure due to the dollar increasing in value compared to other currencies. “Gold has reversed earlier losses at the same time as the euro did, helped by technical buying and physical demand,” HSBC analyst Howard Wen sa... Read More
Mid-Day Gold & Silver Market Report – 3/14/2013
GOLD REMAINS RANGE-BOUND DESPITE POSITIVE JOBS DATA Gold has moved back to even today as another week of better-than-expected unemployment data was unable to keep the yellow metal down. Present confidence in the U.S. economy’s momentum has increased the appetite for riskier assets. However, long-term investors should not shy away from Precious Metals as Read More
Morning Gold & Silver Market Report – 3/14/2013
U.S. DOLLAR HIGHS SUPPRESS GOLD; ECONOMY SHOWING SIGNS OF RECOVERY One of Gold’s broader appeals is its inverse correlation to the U.S. dollar, making it an ideal safety net for investors. The dollar is currently near seven month highs against the basket of global currencies. Bullish retail sales spurred hope that the domestic economy could weather the government ta... Read More
Closing Gold & Silver Market Report – 3/13/2013
RETAIL SALES STIFLE GOLD RALLY Gold is down slightly today off pressure from strong U.S. retail sales reports. Positive economic news coupled with Gold’s inability to breach $1,600 has kept some investors sidelined as the appetite for riskier assets is temporarily in vogue. However, many analysts predict the Read More
Mid-Day Gold & Silver Market Report – 3/13/2013
GOLD STAYS FLAT ON MIXED REPORTS At the midway point of the week, the value of Gold has stayed mostly level. Mixed economic reports from the United States have failed to give the Precious Metals market solid direction. In the housing market, mortgage approvals fell, which was negative. However, import and export prices rose, which was positive. This combination of conflicting reports leaves investors with more qu... Read More
Morning Gold & Silver Market Report – 3/13/2013
ANALYST PREDICTS ONGOING EASING THROUGH 2013 Gold and Platinum prices are mostly flat this morning, while Silver and Palladium are down slightly. Analysts continue to say that the high physical demand in Asia is one of the driving forces behind Gold’s price, though it seems the major topic is quantitative easing (QE) around the worl... Read More
Closing Gold & Silver Market Report – 3/12/2013
GOLD PRICE ENDS DAY ON A HIGH As the day comes to a close, the value of Gold has made up for recent losses. In the United States, there has been no economic news to move the market. “This indicated that the sellers had enough, leading to the bulls coming back into bullion,” said Fawad Razaqzada, technical analyst at GFT Markets. However, there is a battle brewing... Read More
Mid-Day Gold & Silver Market Report – 3/12/2013
ECONOMISTS HAVE HIGH HOPES FOR JOBS MARKET Gold rose today after European Central Bank (ECB) Policymaker Jens Weidmann announced inflation pressure relief could suggest further easing measures. Standard Bank Analyst Walter de Wet said, “It may be that the comments of Jens Weidmann made the market move … if we manage to push the market convincingly through $1,592, we may see a pu... Read More
Morning Gold & Silver Market Report – 3/12/2013
ECB OFFICIAL HINTS AT CONTINUED EASING IN EUROPE Gold, Silver and Platinum prices are rising this morning as nervous investors push stock market futures down. The record stock market run seems to have these investors wary that a pullback could be imminent. Oliver Adler of Credit Suisse said that “irrational exuberance” could be making a return to the mar... Read More
Closing Gold & Silver Market Report – 3/11/2013
PRECIOUS METALS REMAIN FLAT; DOLLAR FALLS FROM LAST WEEK’S RALLY The Precious Metals market has experienced a dull day with little to no movement. “It's a real lackluster day,” HSBC Bank USA’s Chief Commodities Analyst James Steel said. “We've had scattered buying in the Precious Metals in general – mostly in Gold – but the gains have run into... Read More
Mid-Day Gold & Silver Market Report – 3/11/2013
GOLD, STOCKS BOTH FLAT AMID LACK OF DRIVING FACTORS Precious Metals prices are little changed today as analysts see no reason to expect any significant fluctuations this week. As the U.S. dollar continues to linger at its highest level in seven months, many Gold investors have been temporarily sidelined. However, other experts see last week’s minor lift in as a posi... Read More
Morning Gold & Silver Market Report – 3/11/2013
GOLD STEADY; ANNIVERSARY OF JAPAN’S DEVASTATING QUAKE Gold investment demand started low Monday as the U.S. dollar showed some strength and the European market dropped on Chinese economic data and Italian worries. The Gold price has been difficult to pin down lately but analysts expect the metal to trade within a tight range of $1,560 – $1,590 this week as they look to Gold’s inverse correlation to the dollar for signs of its price movement. Read More
Weekly Gold & Silver Market Recap – 3/8/2013
GOLD PRICES BACK TO WHERE THEY STARTED THE WEEK This week saw some ups and downs in the Gold value. At the beginning of the week, Gold held steady as many economists questioned why Gold has not seen a higher rise based on the actions of central banks around the world. Read More
Mid-Day Gold & Silver Market Report – 3/8/2013
GOLD BACK TO EVEN FOLLOWING MORNING SELL-OFF After an initial price dip this morning, Gold has recovered ground lost to a reactionary sell-off triggered by strong non-farm payroll data. “The market interpreted today’s jobs data as being bearish for Gold, and the metal initially sold off as expected,” Gold Newsletter Editor Brien Lundin said. “But the downtu... Read More
Morning Gold & Silver Market Report – 3/8/2013
GOLD DROPS SWIFTLY ON JOBS REPORT This week saw relatively flat Gold prices until today’s release of the February jobs report, which proved to be better than expected. The report shows 236,000 jobs added to the workforce in February, with the unemployment rate falling to 7.7 percent... Read More
Closing Gold & Silver Market Report – 3/7/2013
GOLD CONQUERS DEVALUED CURRENCIES The recent drop in the Gold price on positive U.S. economic data has created a buying opportunity for some investors, while others have turned to riskier assets. What the market does not know is that, abroad, Gold is currently at an all time high, as many countries are flocking to Gold in place of their devaluing currencies. Japan, Brazil... Read More
Mid-Day Gold & Silver Market Report – 3/7/2013
CENTRAL BANKS’ ACCRUAL OF GOLD BULLISH FOR LONG-TERM INVESTORS Precious Metals are trading flat today even as the dollar has slipped slightly against the euro following European Central Bank (ECB) President Mario Draghi’s reassuring statements regarding the eurozone’s economic condition. Draghi confirmed that the ECB is predicting modest growth by the end of 201... Read More
Morning Gold & Silver Market Report – 3/7/2013
GOLD HOLDS ON TO GAINS; US MINT GOLD EAGLE SALES UP 240% The Gold price has been trading in a tight range most of the week but speculation that central banks will continue loose monetary policy, or quantitative easing, has kept a floor under prices. Quantitative easing has been a boon for Gold in recent years by pressuring long-term interest rates and supporting fears of inflation. Read More
Closing Gold & Silver Market Report – 3/6/2013
CENTRAL BANK GOLD BUYING CURBS DOWNWARD PRESSURE AS EQUITIES RISE Even with downward pressure being applied by strong jobs data and record equity levels, Precious Metals prices remain up slightly as we reach the close of today’s session. As stock indexes reach all-time highs, many analysts are concerned that the recent market rally has climbed much too high in such a short amount of time. This fear along with Read More
Mid-Day Gold & Silver Market Report – 3/6/2013
GOLD, SILVER RESPOND WELL TO JOBS REPORT The Gold and Silver prices rose in morning trading even after positive news from a jobs report. Simon Weeks of ScotiaMocatta said, “We've clearly been in a period of sideways trading in the last few sessions and there are enough other bits and pieces going on to stop Gold selling off completely in the short term, but risk-on is very much the order of the day. Gol... Read More
Morning Gold & Silver Market Report – 3/6/2013
GOLD MOVES UP ON PHYSICAL DEMAND, EASING TALK Gold has started the day moving upwards based on physical buying from Asia and from talk of stimulus from around the globe. Central banks in Europe and Japan are meeting this week and all signs point to their continuance of aggressive monetary easing programs. These easing programs have given support to the Precious Metals market, and it is believed by many economists... Read More
Closing Gold & Silver Market Report – 3/5/2013
GOLD ENDS HIGHER AS DOLLAR WEAKENS; ANALYSTS PREDICT MARKET DROP As investors focused on Wall Street’s rally, the pullback of the dollar helped the Gold price rise in afternoon trading. Although equities market gains usually pull money away from assets such as Gold, such was not the case today. According to one Precious Metals analyst, “It appears... Read More
Mid-Day Gold & Silver Market Report – 3/5/2013
MORGAN STANLEY PROVIDES BULLISH FORECAST FOR GOLD Investment firms continue to provide their outlook for Gold with the latest two offering similar predictions. Bank of America Merrill Lynch estimates Gold will reach $1,680 an ounce in 2013 and $1,838 an ounce in 2014. Previous estimates had Gold reaching $2,000 an ounce by Q2 2013. “After a mul... Read More
Morning Gold & Silver Market Report – 3/5/2013
MONETARY POLICY TALK DRIVES PRICES Precious Metals prices are rising this morning with the Silver price taking the lead at a jump of almost two percent. The possibility of further monetary easing is driving prices after Federal Reserve Chairman Ben Bernanke’s comments last week. Mitsui Precious Metals analyst David Jollie said, “The Fed and its monetary policy actions are still the biggest issue day-to-... Read More
Closing Gold & Silver Market Report – 3/4/2013
GOLD HOLDS STEADY AS INVESTORS PONDER ‘SEQUESTER’ Precious Metals prices have been stable for the day as U.S. equities and economic signals remained flat. Ahead of U.S. government budget cuts, investors have been patiently waiting on the sidelines for any real agreement between the two political parties. The market still views Gold as a traditional asset during uncertain fiscal times, especially a... Read More
Mid-Day Gold & Silver Market Report – 3/4/2013
GOLD PRICE STAYS FLAT AS STIMULUS CONTINUES As Monday reaches its midway point, Gold’s market value has held steady. Many economists are questioning why Gold has not seen a higher rise in value based on the actions of many leading central banks around the world. Read More
Morning Gold & Silver Market Report – 3/04/2013
GOLD REACTS TO POOR EUROPEAN TRADING, U.S. SPENDING CUT REALITY All three major indexes are poised to start lower this morning. Mainland Chinese stocks tumbled after Beijing announced new property buying restrictions. Those restrictions included higher down payments and mortgage rates on second homes in cities that have seen increases in property prices. Read More
Weekly Gold & Silver Market Recap – 3/1/2013
GOLD GAINS AT BEGINNING OF WEEK Gold began the week strong as the prices rebounded from a seven-month low during the week ending February 22. There is still uncertainty in the marketplace; there is a growing sentiment that the price of Gold is moving upward. “After the drop, hopefully the worst is over for Go... Read More
Mid-Day Gold & Silver Market Report – 3/1/2013
PRESIDENT OBAMA HOPES COMMON SENSE WILL WIN OUT President Barack Obama is holding fast to his view that the sequester due to take effect today can only be replaced by a plan that involves higher tax revenue. Coming out of a meeting with some Congressional leaders this morning, the president expressed his hope that common sense will win out in Washingt... Read More
Morning Gold & Silver Market Report – 3/01/2013
IS GOLD’S BULL RUN OVER? SEQUESTER DEADLINE TODAY Gold bugs and novices alike are looking at the recent five month decline in the Gold price, wondering if the historic decade-long bull run is finally over. While there is no crystal ball to read the future, we can look at factors contributing to the more than 10 years of bullish prices. Some of these factors, such as central bank monetary policy, currency fluctuations, asset relocation and geopolitical unrest have been mostl... Read More
Closing Gold & Silver Market Report - 2/28/2013
POSITIVE U.S. NEWS KEEPS GOLD FROM SUPPORTED LEVEL Gold pulled back today on additional positive economic news as the U.S. manufacturing sector developed faster than expected. The data reflected the 0.1 percent growth of the U.S. gross domestic product (GDP) in Q4 of 2012 on improved export performance. Although Precious Metals have been hit hard the past week with optimistic economic data, analys... Read More
Mid-Day Gold & Silver Market Report – 2/28/2013
IMF TO LOWER U.S. GROWTH FORECAST IF SEQUESTER OCCURS The International Monetary Fund (IMF) has warned that if the $85 billion in spending cuts, known as the sequester, go into effect tomorrow, it will lower its 2013 U.S. economic growth forecasts. Speaking to reporters in Washington, an IMF spokesperson said that if sequestration takes place, the ... Read More
Morning Gold & Silver Market Report – 2/28/2013
AUTOMATIC SPENDING CUTS TO START; RECORD EXIT FROM GOLD ETFS The Dow Jones Industrial Average reached a five year high on Wednesday, just days before mandatory spending cuts are set to take effect. Both White House and Congressional leaders seem content to let Friday’s deadline come and go, each poised to blame the other party for the cutback. The main issue to be resolved is t... Read More
Closing Gold & Silver Market Report – 2/27/2013
TODAY’S PRICE DROP A SMALL HICCUP FOR LONG-TERM BULLISH GOLD MARKET Strong domestic housing data cooled Gold’s two session rally as today’s dip has pulled the metal back below $1,600 an ounce. Tuesday’s Gold boost was propelled by Italian election results ending in an impasse and Federal Reserve Chairman Ben Bernanke’s announcing a continued commitment to monthly a... Read More
Mid-Day Gold & Silver Market Report – 2/27/2013
GOLD PRICE LOWER; ALL EYES ON BUDGET CUTS Gold saw a price increase yesterday, which caused a small sell off, leading to the yellow metal experiencing a price dip today. However, between the United States Federal Reserve’s commitment to continue monetary easing and Congress failing to deal with the upcoming budget cuts, many economists believe Gold is in a position to move upwards again. “I think what's obvious i... Read More
Morning Gold & Silver Market Report – 2/27/2013
U.S. DURABLE GOOD ORDERS, GOLD FALL Orders for durable goods fell 5.2 percent in January, mostly due to declines in defense and commercial aircraft orders. When those specific items are removed, there was actually a rise in orders for the fifth straight month. Ahead of the durable goods release, the stock market was up in anticipation of Federal Reserve Chairman Ben Bernanke... Read More
Closing Gold & Silver Market Report – 2/26/2013
GOLD HAS LARGEST ONE-DAY JUMP OF 2013 In response to Federal Reserve Chairman Ben Bernanke’s comments today about the Fed’s ongoing quantitative easing program, the Gold price experienced its largest one-day jump of 2013. Appearing before the Senate Banking Committee this morning, Chairman Bernanke indicated that he supported continuing the current bond-buying pr... Read More
Mid-Day Gold & Silver Market Report – 2/26/2013
GOLD GETS BOOST BY FEDERAL RESERVE In an interview with the United States Congress, Federal Reserve Chairman Ben Bernanke defended their stimulus practices, pointing to employment growth and the lack of any measurable inflation. He believes the stimulus, which the Fed will continue, has been effective, and it has also shown to support the Precious Metals ... Read More
Special Report: Three Strikes Coming Soon for U.S. Economy
With each passing day, the U.S continues to face one deadline after another in the battle to revitalize its economy after the financial crisis of 2008. The U.S. government has addressed the crisis by substantially increasing spending, creating budget deficits that have caused the U.S. debt to increase 88 percent. At the same time, the U.S. Federal Reserve Bank has purchased more than $2 trillion, increasing the money supply by 223 percent. This massive stimulus of federal spending and mone... Read More
Morning Gold & Silver Market Report – 2/26/2013
INVESTORS RUSHING BACK TO GOLD AS SAFE HAVEN ASSET Gold is on the rise and is taking back its stance as a safe haven asset this morning against the euro as nervous investors react to the Italian election. “(The) Italian elections have been the first of the 2013 scheduled event risks to blow a hole in risk appetite. That the anti-establishment 5 Star movement was the party to win the single l... Read More
Closing Gold & Silver Market Report – 2/25/2013
ANALYST PROVIDES BULLISH FORECAST FOR GOLD IN Q3 OF 2013 Gold received a boost today after worried investors watched Italy's election with uncertainty of who might be next in power over the Italian government. “Gold had a 'near-term bottom-out' here. We had a steep selloff in the last few weeks,” said Ron Florance, managing director of investment strategy at Wells Fargo Private Bank. “We think th... Read More
Mid-Day Gold & Silver Market Report – 2/25/2013
GOLD REBOUNDING AS INVESTORS EYE ITALIAN ELECTIONS, FED STIMULUS NEWS Gold has recovered some of the ground it lost last week as a weaker dollar and uncertainty surrounding Monday’s general elections in Italy have boosted the metal as of mid-day. Voters in Italy are hoping today’s election can help form a successful government and begin progress towards economi... Read More
Morning Gold & Silver Market Report – 2/25/2013
GOLD PRICE FINDS SUPPORT IN PHYSICAL BUYING Last week, Gold hit a seven month low, which most economists expected would trigger an increase in physical purchasing of the yellow metal. This morning has shown that the Gold price got to a level buyers could no longer ignore. While there is still uncertainty in the marketp... Read More
Weekly Gold & Silver Market Recap – 2/22/2013
GOLD PRICES MOVE DOWN WITH SPECULATION OF LESS STIMULUS Gold prices ended this week in the same downward direction that it started. As the week started, Gold remained at a 6-month low following last Friday's big loss from positive economic news. At this point the yellow metal requires some pessimistic data to rebound or a heavy demand in the asset. “Gold bugs would argue that last week’s pu... Read More
Mid-Day Gold & Silver Market Report – 2/22/2013
FED UNDECIDED ON QE POLICY; GOLD LEVELING OFF? St. Louis Fed President James Bullard told CNBC Friday that the Federal Reserve’s “very aggressive” easy money policy is going to stay that way. He is even quoted as saying, “This is a monetary policy that packs a punch.” Bullard is a voting member of the Federal Open Market Committee (FOMC). The FOMC released minutes from its January meeting that said “many particip... Read More
Morning Gold & Silver Market Report – 2/22/2013
ANALYST PREDICTS ‘SILVER WILL HAVE A SPECTACULAR RISE’ Gold and Silver prices gave up early gains this morning ahead of today’s panel discussion with Federal Reserve officials set for 10:15 a.m. It is expected that the discussion will focus on how the dissent between politicians over fiscal policy is keeping the Fed from getting ... Read More
Closing Gold & Silver Market Report – 2/21/2013
GOLD REMAINS LOW ON UNCERTAINTY FROM FED, EUROZONE Gold continued to face difficult times as the U.S. dollar strengthened through the course of the day after the Federal Reserve officially commented about the future of further easing. St. Louis Federal Reserve Bank President James Bullard stated late Wednesday that the Fed may pull back the pace of cu... Read More
Mid-Day Gold & Silver Market Report – 2/21/2013
POOR ECONOMIC DATA HALTS GOLD, SILVER AS QE REMAINS HOT TOPIC Gold and Silver prices are flat today as feeble manufacturing data and unexpectedly high unemployment claims curbed the momentum of recent price dips. “Those who had thought that it’s all rosy cozy for U.S. economy will now move into sidelines,” Chintan Karnani, an independent bullion analyst bas... Read More
Morning Gold & Silver Market Report – 2/21/2013
GOLD TAKES A BEATING, INVESTORS SEE BUYING OPPORTUNITY The Gold price fell more than 2.5 percent on Wednesday, the biggest drop since July of last year. Yesterday saw heavy Gold selling on Comex and a variety of other channels. Standard Chartered analyst Dan Smith said, “Investor selling has been seen on the futures exchanges and in the physical ETFs, and ... Read More
Closing Gold & Silver Market Report – 2/20/2013
QUANTITATIVE EASING TO END? MARKETS REACT TO FED MINUTES As signs of U.S. economic improvement continue, the Federal Reserve has announced plans to convene in March to discuss the suitability of the $85 billion in asset purchases currently taking place each month. Many Fed committee members are concerned about the long-term risks of the current stim... Read More
Mid-Day Gold & Silver Market Report – 2/20/2013
GOLD LOOKS TO CHINA FOR SUPPORT The Gold price moved lower today due to rumors of the United States Federal Reserve curbing its monetary easing program. As the economy improves, investors look toward higher risk investments and away from lower risk investments such as Gold. However, “Fundamentals for Gold haven't really changed, but other asset classes have now become more attractive, and that's leaving prices la... Read More
Morning Gold & Silver Market Report – 2/20/2013
FED MINUTES EYED; CRAMER TALKS UP GOLD Precious Metals prices are trading lower again this morning as investors await the minutes from the latest Federal Reserve meeting. These minutes are expected to show that a large portion of the meeting was spent discussing how to end the third round of quantitative easing. Monetary stimulus... Read More
Closing Gold & Silver Market Report – 2/19/2013
GOLD PRICE DOWN ON POSITIVE ECONOMIC OUTLOOK There have been many positive signs as of late from reports regarding the United States economic forecast. Employment, housing, and manufacturing across the country have shown improvement and the U.S. Federal Reserve is taking notice. Tomorrow the minutes from the Fed’s latest meeting will be releas... Read More
Mid-Day Gold & Silver Market Report – 2/19/2013
WHAT WILL GOLD’S SUPPORTED PRICE BE? DATA CONFIRMS GERMANY’S ECONOMIC RECOVERY Gold has remained at a 6-month low following last Friday's big loss from positive economic news. At this point the yellow metal requires some pessimistic data to rebound or a heavy demand in the asset. “Gold bugs would argue that last week’s pullback has opened up... Read More
Morning Gold & Silver Market Report – 2/19/2013
SEQUESTER BEGINS MARCH 1, COULD WORK AGAINST ECONOMY Gold and Silver prices gave up some early gains this morning, as investors seem to have a better opinion of the global economy. However, there is much discussion around the beginning of the automatic spending cuts that would come with the sequester in the U.S. “There is no... Read More
Weekly Gold & Silver Market Recap – 2/15/2013
GOLD PRICES DROP TO SIX-MONTH LOW THIS WEEK This week had the right combination of factors to bring the price of Gold to a six-month low. Asian markets, including China, Japan and Korea, were closed this week for the Lunar New Year. Standard Chartered analyst Dan Smith said, “Gold is going to be pretty range bound in the days ahead with Asia absent.” MKS’ head of tr... Read More
Mid-Day Gold & Silver Market Report – 2/15/2013
PRECIOUS METALS CONTINUE TO SLIDE
A series of blows to Gold’s fundamentals have pushed the safe haven investment near the $1,600 range today. Upbeat U.S. industrial data, a positive statement from the G20 about global currencies, and news that George Soros cut his holdings on Gold are acting as a weight on the Gold price. Earlier i... Read More
Morning Gold & Silver Market Report – 2/15/2013
G20 STATEMENT LEAKS; GOLD AT SIX-MONTH LOW Gold and Silver prices are adding to losses this morning as reports of the Group of 20 nations statement have leaked. According to a draft statement, the G20 will vow not to devalue currencies in a competitive manner (like the “currency wars” that have been buzzed about lately), and also ... Read More
Closing Gold & Silver Market Report – 2/14/2013
GOLD FEELS EUROZONE’S HEARTACHE ON GDP NEWS The eurozone is facing difficult times as its recession continues to worsen. In the fourth quarter of 2012, the zone’s Gross Domestic Product (GDP) dropped 0.6 percent from the previous three months, which is the worst drop since the collapse of Lehman Brothers in early 2009. “The outl... Read More
Mid-Day Gold & Silver Market Report – 2/14/2013
MARKETS SLOW ON LOW VOLUME, G20 ANTICIPATION The Gold price has softened today to its lowest level in six months. Analysts point to Lunar New Year celebrations in China and anticipation of this week’s G20 meeting as contributing to a lack of fervor among investors. Through the recent price pull-back and lower demand, experts maintain a bul... Read More
Mid-Day Gold & Silver Market Report – 2/14/2013
MARKETS SLOW ON LOW VOLUME, G20 ANTICIPATION The Gold price has softened today to its lowest level in six months. Analysts point to Lunar New Year celebrations in China and anticipation of this week’s G20 meeting as contributing to a lack of fervor among investors. Through the recent price pull-back and lower demand, experts maintain a bul... Read More
Morning Gold & Silver Market Report – 2/14/2013
CENTRAL BANKS BUY RECORD AMOUNTS OF GOLD The World Gold Council (WGC) said today that world banks, led by Russia, Brazil and Iraq, purchased a record 534.6 metric tons of Gold last year, the most since 1964. This accounted for 12 percent of the overall demand for Gold as compared to a 10 percent share in 2011. Central banks have been net purchasers of Gold since the second quarter of 2009. The WGC went ... Read More
Closing Gold & Silver Market Report – 2/13/2013
INCREASED 2013 SILVER PROJECTIONS; INVESTORS QUESTION RECOVERY Gold and Silver prices are down slightly as investors remain noncommittal ahead of the much anticipated G20 meeting later this week. “Although people are not expecting anything dramatic to be said at the G20 meeting, there is still some uncertainty, which may see short-term investors cover their short po... Read More
Mid-Day Gold & Silver Market Report – 2/13/2013
GOLD HOLDS STEADY; OUTLOOK ON SILVER IMPROVED As we reach the midway point of the week, the price of Gold has been relatively flat. Many investors believe that the market is unsuccessfully looking for direction. News that moves the market usually happens during the week, however this weekend the leaders of the world’s top 20 central banks will convene in Russia to discuss currency policies and effects of the current financial stimulus. While no policy changes are expected, t... Read More
Morning Gold & Silver Market Report – 2/13/2013
CONSUMER SPENDING UP SLIGHTLY; MARKET LOOKING FOR DIRECTION Gold and Silver prices recovered from early losses and stock futures held onto gains after January’s retail report. As analysts expected, retail sales grew just 0.1 percent in January, suggesting that tax increases at the beginning of the year stifled consumer spending. After a revision to Novemb... Read More
Closing Gold & Silver Market Report – 2/12/2013
GOLD SLIGHTLY HIGHER AT CLOSING At the start of business today, Gold had dipped to a six week low but made a comeback to end the day on a positive note. A major reason for the rise came with continuing monetary policies that have devalued the world’s leading currencies. “It was an extremely quiet day in Gold,” said Frank McGhee, head precious metals trader at Chicag... Read More
Mid-Day Gold & Silver Market Report – 2/12/2013
ECB CHIEF SUGGESTS CURRENCY WAR EXAGGERATED The bottom for Gold seems to be tested as the Lunar New Year began Monday, taking some support out of the market for the week long celebration. “Today [the lower Gold price] is the fact that the market's been very much range-bound for a while, funds are still relatively long, with China on holiday there... Read More
Morning Gold & Silver Market Report – 2/12/2013
NUCLEAR TEST, G7 ANNOUNCEMENT MOVE GOLD PRICE Gold and Silver prices are mostly flat this morning as Platinum and Palladium prices increase. The U.S. dollar is falling after an announcement by the Group of Seven industrialized countries that they would allow exchange rates to be determined by the market without interfering. Platinum and Palladium, the industrial metals, continue to have a strong outlook... Read More
Closing Gold & Silver Market Report – 2/11/2013
ECONOMISTS HAVE HIGH HOPES FOR U.S. RECOVERY Gold fell today as investors became concerned with the metal’s year to date performance. Also, the Lunar New Year began this week, taking major Asian markets out of trading to celebrate. “There is less liquidity in the market this week, with fewer traders due to the Asian holidays and also absence in some parts of Europe like Germany, where there are Carnival ce... Read More
Mid-Day Gold & Silver Market Report – 2/11/2013
GOLD TO EXPECT SECOND HALF BOOST ON GLOBAL CURRENCY WAR? Gold and Silver are trading lower today as concern over currency competition has weighed heavily on commodities markets. Investors are awaiting a statement from the Group of 20 nations (G20) who are meeting this week to discuss global exchange troubles. Along with the United States’ quantitative easing strategy... Read More
Morning Gold & Silver Market Report – 2/11/2013
DOW STARTS STRONG; ASIAN NEW YEAR SLOWS GOLD SALES The U.S. economic calendar is clear today as investors look forward to President Barack Obama’s State of the Union address Tuesday night. Ahead of that and Wednesday’s release of January retail sales data, the market is starting strong. Rockwell Global Capital’s Chief Market Economist P... Read More
Weekly Gold & Silver Market Recap – 2/8/2013
GOLD OUTLOOK POSITIVE IN FLAT MARKET This week was lacking any major events to drive the Gold prices up or down, keeping the price of Gold within a tight range all week. Even without any major market indicators, many economist are very positive on Gold investing. In a recent interview with CNBC Harry Colvin, director and senior economist at Longview Economics said, ... Read More
Mid-Day Gold & Silver Market Report – 2/8/2013
ECB CHIEF COMMENTS TIE GOLD TO EURO Precious Metals prices continued to trade in a tight range this morning with very little movement in either direction. After yesterday’s statements by European Central Bank chief Mario Draghi that the central bank will keep interest rates low and that there are downside risks to the economy in the eurozone, the Gold price remains closely tied to the euro. “Investor ri... Read More
Morning Gold & Silver Market Report – 2/8/2013
PLATINUM TO OUTPERFORM GOLD? Precious Metals prices are relatively flat this morning, following the euro’s lead, as has been the case recently. The Platinum price, however, seems to be getting more attention from analysts. Strategists at Commerzbank said, “Given the concerns about further production losses in South Africa, we expec... Read More
Closing Gold & Silver Market Report – 2/7/2013
GOLD DROPS AFTER PESSIMISTIC VIEWS FROM ECB PRESIDENT Gold fell slightly today once European Central Bank (ECB) President Mario Draghi created concern in the market from his negative comments. Draghi believes that the eurozone economy will not show growth until later in 2013, saying Europe has more negative risks than positive at this time. “Gold showed resilience even as the dollar strengthened ... Read More
Mid-Day Gold & Silver Market Report – 2/7/2013
GOLD, EQUITIES DOWN FOLLOWING UP & DOWN MORNING Gold is back down at mid-day today in turbulent trading that has seen the price fluctuate throughout the morning. “Gold is experiencing a volatile day,” Jeffrey Wright, managing director at Global Hunter Securities, said. Prices saw a large trading range “due to positive economic updates from ECB President Draghi ... Read More
Morning Gold & Silver Market Report – 2/7/2013
EUROPEAN CENTRAL BANK KEEPS RATES LOW The ECB met overnight Thursday deciding to keep its main interest rate at 0.75 percent. Economists speculated last week that the ECB wouldn’t change rates till Summer 2014. The ECB made no other monetary policy decisions, but investors are looking to see how much further the euro can rise before the ECB needs to be worried. Read More
Closing Gold & Silver Market Report – 2/6/2013
GOLD, STOCKS STAGNATE AS PLATINUM SURGES Gold continues to hover inside a narrow range as a low volume trading day has kept the price fairly flat. The upcoming European Central Bank meeting and recent pressure on equities markets have failed to cause significant price movement for the yellow metal. However, as Gold stalled today, the Platinum price is up 1.5 percent... Read More
Mid-Day Gold & Silver Market Report – 2/6/2013
GOLD PRICE HOLDS STEADY AS DEMAND STAYS UP The price of Gold has remained relatively flat today. It has raised a small amount on news out of Europe concerning more negative economic reports. A major issue facing the Precious Metals market is a lack of direction. The reports from the United States show an improvement in many major areas such as employment and durable goods, however, looming budget cuts at the firs... 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.
