Precious Metals Market Reports
Morning Gold & Silver Market Report – 12/28/2012
GOLD’S SAFE HAVEN STATUS TO RE-EMERGE IF NO ‘CLIFF’ DEAL Precious Metals prices are trading lower this morning, though Gold is headed for a weekly gain to end the year. The safe-haven appeal of Gold could be boosted if U.S. policymakers fail to agree on a deal to avert the fiscal cliff before the end of the year. Peter Fertig of Quantitative Commodity Research said, “Now it is looking like the U.S. econ... Read More
Closing Gold & Silver Market Report – 12/27/2012
CONSUMER CONFIDENCE DOWN; MARKETS HINGE ON POLITICIANS’ WORDS Consumer confidence is at a four month low, presumably because of the financial crisis. Prior to the release of the consumer data, there was a growing sense of optimism about the economy. Economists at RBS in Stamford, Conn. wrote in a research note what has been on everyone’s mind recently Read More
Mid-Day Gold & Silver Market Report – 12/27/2012
GOLD STILL FLAT AS EQUITIES DECLINE ON IMPASSE IN BUDGET TALKS Gold remains relatively flat today even though the release of more positive jobs data could be a sign of increased employer hiring. The Gold price is maintaining a tight range as investors await a solution to U.S. budget negotiations. As more positive economic data is released, there is fear that the nee... Read More
U.S. Reaches Debt Ceiling, Compounds Fiscal Cliff and Market Tensions
In an early and perhaps surprising notice, Treasury Secretary Timothy Geithner notified the U.S. Congress on Wednesday, Dec. 26, 2012, that the United States would reach the authorized debt limit on Monday, December 31, 2012. (Here is an article on the notice sent to Congress and here is an article on the potential... Read More
Morning Gold & Silver Market Report – 12/27/2012
U.S. TO HIT DEBT CEILING MONDAY, IS THIS THE REAL ISSUE? Gold and Silver prices are mostly flat this morning as investors continue to await news on the fiscal cliff negotiations in Washington. While the politicians seem to be showing no sense of urgency on the matter, many still expect a deal by the end of the year, or very shortly after. Afshin Nabavi of MKS Finance said, “If the politicians reach an agreement on the fiscal cliff, the dollar could suffer and Read More
Closing Gold & Silver Market Report – 12/20/2012
PRECIOUS METALS HOLD FIRM, STOCKS FALL AS BUDGET DEADLINE APPROACHES Precious Metals prices are up slightly today following a small dip in the U.S. dollar. Anthem Blanchard of Blanchard Vault noted, “You’re seeing Gold follow weakness in the dollar mostly, and [the market] feeling a little bit of too much selling that’s happened prior in terms of concerns about... Read More
Mid-Day Gold & Silver Market Report – 12/26/2012
GOLD RELATIVELY FLAT AFTER HOLIDAY; FISCAL CLIFF FEARS ABOUND The Gold market has been rather quiet so far today. There seems to be a post holiday lull in the United States, and in the United Kingdom the markets are off today as well. Gold has seen a small rise in value today thanks to the news out of Japan. “News about Japan planning to... Read More
Morning Gold & Silver Market Report – 12/26/2012
RETAIL SALES LOW; FISCAL CLIFF DEADLINE APPROACHES President Obama cut his Hawaii vacation short to return to Washington to deal with the unfinished fiscal cliff negotiations. There is a Jan. 1 deadline, after which, if not met, most Americans will feel a sharp rise in taxes. Both parties are eager to pass a measure to keep taxes low, but the sticking point is... Read More
Mid-Day Gold & Silver Market Report – 12/24/2012
GOLD FLAT ON THIN TRADING; FISCAL CLIFF SEEMS MORE LIKELY Gold remains relatively stable today following Friday’s one percent boost on short covering and buy-ins at what were perceived to be discount prices. As expected, a ... Read More
Morning Gold & Silver Market Report – 12/24/2012
GOLD FLAT, STOCKS DOWN AS FISCAL CLIFF DOMINATES Gold and Silver prices are mostly flat this morning, as fiscal cliff fears continue to dominate the headlines. Peter Fertig of Quantitative Commodity Research said, “The weaker dollar and steady stock markets are giving support to Gold. My view is that the fiscal cliff will be avoided at the last minute. If the fiscal cliff is avoided, that should be posi... Read More
Weekly Gold and Silver Market Recap – 12/21/2012
Gold drops with fiscal cliff news The Gold market has seen better weeks this year. The indecisiveness of the United States Congress over the impending fiscal cliff has taken the Precious Metals market on a ride. As of mid-day Tuesday, Gold had fallen more than $20 an ounce as investors eyed positive developments in fiscal cliff negotiations. Julian Phillip... Read More
Mid-Day Gold & Silver Market Report – 12/21/2012
GOLD IS ON THE MOVE; AMERICANS FEELING MORE CONFIDENT IN ECONOMY Gold neared a four-month low today as the fiscal cliff remains unresolved. Precious Metals prices fell yesterday when U.S. House Speaker John Boehner avoided backing President Barack Obama on fiscal cliff talks. “If there is a timely agreement to avert the fiscal cliff, I think Gold will gain with risk assets,” VTB Capital analyst Andrey Kryuchenkov... Read More
Morning Gold & Silver Market Report – 12/21/2012
GOLD STILL ON TRACK FOR ANOTHER ANNUAL GAIN Gold and Silver prices are slowly recovering from yesterday’s drop. This week looks to be the worst since June for Gold, though it is still on track for yet another annual gain. Brian Lan of GoldSilver Central in Singapore said, “At the moment, the U.S. budget talks are stalling. Many are unsure if they should ent... Read More
Closing Gold & Silver Market Report – 12/20/2012
METAL PRICES FALL; WILL POSITIVE U.S. ECONOMIC DATA END QE3? Precious Metals prices fell today as hedge funds were liquidated and the U.S. economy reflected more growth than forecasted. “There is a concern among the hedge funds that they will have more redemptions because of the fact that they underperformed the markets this year as a whole,” Jeffrey Sica, chief investment officer of SICA Wealth M... Read More
Mid-Day Gold & Silver Market Report – 12/20/2012
GOLD CONTINUES LARGE DROP ON POSITIVE ECONOMIC DATA Gold and Silver prices have tumbled again today, dropping both metals below their projected support levels on better-than-expected GDP growth numbers. Year-end sell-offs prompted by optimistic economic data have resulted in Read More
Morning Gold & Silver Market Report – 12/20/2012
GOLD STARTS DAY DOWN; CLIFF DEAL IN DOUBT Precious Metals prices are falling this morning. While the end of the year seems to be ending quietly, the long term outlook for Gold is still positive. “As an investor taking the long view, Gold remains an attractive asset class to be in, but some patience is required as the factors that got us he... Read More
Closing Gold & Silver Market Report – 12/19/2012
FISCAL CLIFF TALKS CONTINUE TO DOMINATE MARKET MOVEMENTS Yesterday saw Gold plummet to its lowest level in 3 ½ months but the metal is relatively flat today. The back-and-forth sentiment regarding fiscal cliff aversion leaned negatively today after Tuesday saw positive reports, which prompted a major sell-off. Gold has gained 7 percent in 2012 as central banks aroun... Read More
Mid-Day Gold & Silver Market Report – 12/19/2012
ENDING THE GOLDEN CLIMB; FISCAL CLIFF TALKS CONTINUE This has been the 12th straight year of a rise in Gold price. However, in the last quarter of 2012, the Precious Metals market has seen a slowdown that has investors wondering if next year can continue the historic rise. “The environment for Gold is good, but it isn't improving further by the day, so some slowdown in the uptrend in Gold should be expected,” Credit Suisse analyst Tobias Merath said. Read More
Morning Gold & Silver Market Report – 12/19/2012
INVESTORS BETTING ON FISCAL CLIFF DEAL Gold and Silver are both trading lower this morning after the release of relatively encouraging housing data. Stock futures are gaining, and it seems that many investors are betting that Congress and the White House can come to an agreement on the impe... Read More
Closing Gold & Silver Market Report – 12/18/2012
GOLD DROPS 2 PERCENT; MARKET HOPEFUL FOR FISCAL CLIFF RESOLUTION Gold tumbled today as investors began to sell off their Precious Metals. It appears that politicians are close to reaching a deal to avoid the fiscal cliff at the end of the month. “If Gold is not able to defend those key supports, one should expect a new wave of technical selling to continue," said Adam Sarhan, chief executive of Sarhan Capit... Read More
Mid-Day Gold & Silver Market Report – 12/18/2012
GOLD DOWN ON FISCAL CLIFF CONFIDENCE After trading flat all morning, Gold has fallen more than $20 an ounce at mid-day. Today’s dip comes as investors eye positive developments in fiscal cliff negotiations. Julian Phillips, founder of GoldForecaster.com, believes the sudden optimism over discussions in Washington is premature by stating, “Small steps towar... Read More
Morning Gold & Silver Market Report – 12/18/2012
PROS BUY GOLD AS FISCAL CLIFF DEAL NEARS Gold has remained mostly flat and Silver is gaining this morning as more strides are being made toward a fiscal cliff deal. President Barack Obama and House Speaker John Boehner have reportedly come close to a potential agreement to avoid what the Congressional Budget Office says will bring on another recession. Recently, Washington insiders had believed th... Read More
Closing Gold & Silver Market Report – 12/17/2012
GOLD RISES ON FED SURVEY RESULTS; FISCAL CLIFF DEAL WON’T GUARANTEE GROWTH Responding to a Federal Reserve Bank of New York survey that indicated regional manufacturing business had worsened in December, the Gold price rose slightly in afternoon trading to end the day just under $1,700. Darin Newsom, a Telvent DTN senior analyst, said that after the survey, “we... Read More
Mid-Day Gold & Silver Market Report – 12/17/2012
COUNTDOWN TO FISCAL CLIFF; PRESIDENT, BOEHNER IN TALKS Gold is slightly down this morning after lower-than-expected data in a New York Federal Reserve survey which reflected manufacturers in the district experienced less business. “We're seeing a knee-jerk reaction to the factory data,” Matt Zeman, a strategist at Kingsvi... Read More
Morning Gold & Silver Market Report – 12/17/2012
INVESTORS BELIEVE FISCAL CLIFF DEAL COMING SOON Gold and Silver have recovered from early morning losses. Tom Kendall, head of Precious Metals research at Credit Suisse, said, “This (move in Gold) is primarily technical, a continuing ease-back after the (Federal Open Market Committee) announcement last week.” Kendall went on to say that Gold traders seem to not be worried about the fiscal cliff, as he s... Read More
Weekly Gold & Silver Market Recap – 12/14/12
QE4 makes an impact on the gold market This week’s gold value was highly affected by United States Federal Reserve’s newest round of monetary easing. The build up to Wednesday’s announcement gave the precious metal market a boost. As of Monday morning Gold is on the way up thanks to the United States Federal Reserve’s upcoming meetings on Tuesday and Wednesday of this week. Read More
Special Report: Fiscal Cliff? U.S. Debt Ceiling is REAL Issue
Debt Ceiling to allow U.S. Debt to hit historic level in early 2013
While there have been and continue to be a significant number of hands wringing over the fiscal cliff , which takes effect on December 31, perhaps the REAL issue is coming very early in 2013: the U.S. Debt Ceiling.
The fiscal cliff is being discussed on every business report on television, radio, Internet blogs and print media. As you most likely know, fiscal cliff is the name given to the eve... Read More
Mid-Day Gold & Silver Market Report – 12/14/2012
PRECIOUS METALS PRICES CONTINUE WITH STEADY MOVEMENT Precious metals prices remain flat after yesterday’s drop in prices from investors sell offs. Analysts such as Andrey Kryuchenkov, at VTB Capital suggest Gold prices may see little movement until politicians come to a resolution with the fiscal cliff. Kryuchenkov, commented on the news that affected the price of Gold this week he said, “Now that we are clear on the FOMC, Read More
Morning Gold & Silver Market Report – 12/14/2012
INDIA BOOSTS PHYSICAL GOLD’S DEMAND The Gold price is relatively flat this morning, while Silver is slightly higher, recovering from yesterday’s losses. November consumer prices dropped by 0.3 percent overall according to a report released this morning, though the core prices (which exclude volatile food and energy prices) rose b... Read More
Closing Gold & Silver Market Report – 12/13/2012
GOLD DIPS; EUROPE FOCUSES ON GREECE’S SUCCESS After the Federal Reserve announced yesterday that it would begin purchasing Treasury bonds, the price of Gold rose and gave investors a reason to sell off the yellow metal. Today, Gold has experienced a drop in price due to profit-taking coupled with the question of how the fiscal cliff ... Read More
Mid-Day Gold & Silver Market Report – 12/13/2012
SHORT TERM PROFIT TAKING PULLS DOWN GOLD; STOCKS DROP ON BOEHNER COMMENTS Gold and silver remain down at mid-day today as profit taking prompted by yesterday’s Federal Reserve announcement of increased monetary stimulus briefly boosted precious metals prices. With three weeks left until the end-of-year, it is little surprise that short-term investors, unsure ... Read More
Mid-Day Gold & Silver Market Report – 12/13/2012
SHORT TERM PROFIT-TAKING PULLS DOWN GOLD; STOCKS DROP ON BOEHNER COMMENTS Gold and Silver remain down at mid-day today as profit taking prompted by yesterday’s Federal Reserve announcement of increased monetary stimulus briefly boosted Precious Metals prices. With three weeks left until the end of the year, it is little surprise that short-term investors unsu... Read More
Morning Gold & Silver Market Report – 12/13/2012
PROFIT-TAKING LOWERS METALS PRICES Yesterday’s gain in Gold and Silver prices signaled the time to take profits for many investors, which seems to be why we are seeing a lower price today. James Steel of HSBC Securities said, “We view the [Federal Reserve] announcement as bullish, but with market expectations already factored in for ... Read More
Closing Gold & Silver Market Report – 12/12/12
GOLD, STOCKS CHANGE LITTLE FOLLOWING QE NEWS The Gold price rose only slightly today despite the Federal Reserve announcing an extension of government bond buying. Unlike past rounds of quantitative easing (QE) which instantly boosted the U.S. Gold market, analysts are predicting a slow climb for the yellow metal as further economic stimulus is expected to further w... Read More
Mid-Day Gold & Silver Market Report – 12/12/12
FED ANNOUNCES NEW ROUND OF EASING; CONGRESSIONAL LEADERSHIP IN QUESTION As expected, the United States Federal Reserve has announced another round of quantitative easing. The easing also came with a guideline that this program will continue until unemployment levels drop and inflation subsides. “Taken together, these actions should maintain downward pressure on longer-term interest rates, support mortgage markets... Read More
Morning Gold & Silver Market Report – 12/12/2012
MARKET MOVES UP; ANTICIPATION GROWS FOR FED ANNOUNCEMENT Anticipation for continued stimulus from the Federal Reserve has encouraged investors to push U.S. stock futures into positive territory again this morning. Today the Fed will announce its latest monetary policy decision followed by Ben Bernanke’s news conference at 2:15 p.m. Mike McCudden, ... Read More
Closing Gold & Silver Market Report – 12/11/2012
‘CLIFF’ DEAL BEFORE CHRISTMAS UNLIKELY; GOLD AMERICAN EAGLE SALES SOAR The single biggest story affecting the U.S. economy is the fiscal cliff. Every day news agencies are waiting to hear updates from leaders on each side of the political aisle to get a sense of how things are going. Today’s update from Senate Majority Leader Harry Reid is that “it's going to be extremely difficult to get [a deal] done befo... Read More
Mid-Day Gold & Silver Market Report – 12/11/2012
GOLD SLIGHTLY DOWN; MARKET EXPECTS BOOST FROM FEDERAL RESERVE The Federal Reserve is expected to announce its financial policy decision tomorrow after meeting both Tuesday and Wednesday. Analysts suggest the Fed may state a new bond purchasing program that could cause an increase in U.S. money printing. “The expectation is that the Fed will augment its asset purchases,” Sonny Tahiliani, managing director of MacroMoves in New York, said. “ Read More
Morning Gold & Silver Market Report – 12/11/2012
MORE STIMULUS EXPECTED FROM FED MEETING The Gold price is relatively flat this morning as the Federal Reserve kicks off a meeting that is to last through tomorrow. Many economists are expecting the Fed to announce larger monthly bond purchases under the latest round of quantitative easing (QE). Mitsubishi analyst Matthew Turner said, “If the Fed comes out with $45 billion of bond purchases, it could be ... Read More
Closing Gold & Silver Market Report – 12/10/2012
PROBLEMS IN ITALY CONTINUE; 40 PERCENT CHANCE OF ‘CLIFF’ DEAL Precious Metals prices have been relatively steady in afternoon trading as most investors are still awaiting the looming “fiscal cliff.” “There’s a 40 percent chance of a ‘fiscal cliff’ deal before year end,” Erskine Bowles, co-chair of President Obama’s 2012 debt commission, said. The low number isn’t very attracti... Read More
Mid-Day Gold & Silver Market Report – 12/10/2012
STIMULUS TALKS BOOST GOLD The Gold price is rising for a third straight session as speculators anticipate additional monetary stimulus following the Dec. 11–12 Federal Reserve meeting. Many analysts are expecting the announcement of additional bond purchases to add to the unlimited mortgage backed security purchases program, also known as QE3, announced in September... Read More
Morning Gold & Silver Market Report – 12/10/2012
GOLD STARTS WEEK UP; FISCAL CLIFF FINGER POINTING This week is starting well for Gold prices. As of this morning Gold is on the way up thanks to the United States Federal Reserve’s upcoming meetings on Tuesday and Wednesday of this week. There are rumors that a new round of monetary easing will be announced. “Market expectation is that there could be more ... Read More
Weekly Gold & Silver Market Recap — 12/7/2012
GOLD STARTS AND ENDS WEEK WELL: After last week’s dip in the Gold market, Monday showed Gold starting December strong on positive manufacturing news from China, regaining some of the footing lost in November. The data from a private manufacturing purchasing-managers index came in slightly stronger than anticipated. In addition, Gold could stabilize after last week’s s... Read More
Mid-Day Gold & Silver Market Report – 12/7/2012
BI-PARTISAN BICKERING ON “CLIFF”; GOLD SET FOR WEEKLY LOSS Political disagreements are fast becoming a constant in today’s world. Republican leader John Boehner accused President Obama of “slow walking” the economy to the edge of the fiscal cliff. He was quoted saying, “It's time for the president, if he's serious, to come back to us with a counteroffer... Read More
Morning Gold & Silver Market Report – 12/7/2012
SILVER GAINING TRACTION AS INVESTMENT ASSET All eyes were on the jobs report this morning, with expectations of just 80,000 to 93,000 jobs added in November. When the report came out, it showed that 146,000 jobs had been added and the unemployment rate dropped .2 percent down to 7.7 percent. Hurricane Sandy was expected to have more of a negative impact on the report, but the Labor Department said that ... Read More
Closing Gold & Silver Market Report – 12/6/2012
INVESTORS AWAIT JOBS REPORT DATA AND FISCAL CLIFF DECISION It appears that investors patiently await imperative data and decisions, such as tomorrow’s U.S. nonfarm payrolls data and the decision on the fiscal cliff that is approaching at the end of December. Today, European Central Bank President Mario Draghi confirmed that the eurozone requires a suitable fiscal policy be in place to begin growi... Read More
Mid-Day Gold & Silver Market Report – 12/6/2012
BARGAIN HUNTERS, ECB BOOST GOLD AFTER TWO DAYS OF LOSSES Following two straight sessions of losses, Gold is up slightly. Bargain hunters who have purchased on the recent dips along with meager economic forecasts by the European Central Bank (ECB) are the cause of the modest rebound. After losing 1.6 percent over the past two days, Read More
Morning Gold & Silver Market Report – 12/6/2012
ECB HOLDS LOW RATES; U.S. JOBLESS CLAIMS DROP The European Central Bank held interest rates to a record low of 0.75 percent Thursday. This move hinted at the possibility of cuts next year. Recent policymakers’ comments have suggested that rate cuts are not likely in the near future; however, some have speculated that cuts might happen in March. U.S. stock futures stayed mostly unchanged a... Read More
Closing Gold & Silver Market Report – 12/5/2012
CONFIDENCE IN “CLIFF” RESOLUTION BOOSTS STOCKS; PHYSICAL GOLD DEMAND STILL STRONG Precious Metals have ended the day flat while the Dow Jones Industrial Average rallied on news that officials in Washington are making bipartisan strides to avoid the dreaded fiscal cliff. “You get the impression that there’s movement in Washington, that positions are not ideolog... Read More
Mid-Day Gold & Silver Market Report – 12/5/2012
CENTRAL BANKS CONTINUE TO BUY GOLD; SPAIN BRINGS DOWN EURO Gold’s unpredictable market price this year has not stopped many of the world’s largest central banks from buying in massive numbers. The Bank of Korea was the latest to add to their Gold holdings by adding 14 metric tons in November. Central banks make these moves to protect th... Read More
Morning Gold & Silver Market Report – 12/5/2012
STRATEGISTS: GOLD, SILVER LOSSES WILL BE SHORT-LIVED Gold & Silver prices are rising this morning, recovering from losses earlier this week. Strategists at Deutsche Bank believe that, due to the U.S. dollar’s recent performance, losses in those metals will not last. Their belief is that currency markets have not shown that investors ... Read More
Closing Gold & Silver Market Report – 12/4/2012
GOLD DROPS MORE THAN ONE PERCENT; OUTLOOK FOR 2013 Today’s Gold market ended at its lowest point since November 4, dropping more than one percent of its total value. There have been multiple factors that attributed to the move, such as the United States’ inability to deal with the budget crisis and the major sell-off of Gold by investors in the past week. ... Read More
Mid-Day Gold & Silver Market Report – 12/4/2012
INVESTORS SELLING OFF GOLD AT YEAR END; CHINA’S ECONOMY UPBEAT Gold has dropped as analysts are under the assumption there was a large fund account that was traded to short the market during Asian trading hours. Gold has experienced an 8 percent year-to-date gain, and as the end of the year approaches, many investors are taking new positions, ... Read More
Morning Gold & Silver Market Report – 12/4/2012
METALS DOWN ON TECHNICAL TRADING Precious Metals are trading lower this morning, with Gold and Platinum down approximately 1.5 percent, Palladium down one percent and Silver down more than two percent. Analysts at UBS explained that “taking positions ahead of key policy decisions – with the [Federal Open Market Committee] meeting next week and the ongoing negotiation on the fiscal cliff – has become inc... Read More
Closing Gold & Silver Market Report – 12/3/2012
GOLD ON RISE AFTER SELLOFF; GLOBAL ECONOMY SHOWING RECOVERY Gold is on the move as investors flock back to the metal after last Friday’s selloff. “[For] a lot of commodity firms, their fiscal year ended in November, December starts another year, and these guys could have liquidated some [Gold positions] and they could be re-establishing right now,” Phil Streible, senior commodities broker at RJO Futures, said. Read More
Mid-Day Gold & Silver Market Report – 12/3/2012
PRECIOUS METALS UP SLIGHTLY ON GLOBAL INDUSTRIAL DATA Gold is up to start December following a 0.5 percent drop over the month of November. United States manufacturing activity fell last month to its lowest level since July 2009. Though U.S. industrial output faltered in November, China posted stronger-than-expected production data for the month. Global increases in... Read More
Morning Gold & Silver Market Report – 12/03/2012
GOLD STARTS DECEMBER STRONG The Gold price started December strong on positive manufacturing news from China, regaining some of the footing lost in November. The data from a private manufacturing purchasing-managers index came in slightly stronger than anticipated. In addition, the Gold price could stabilize after last week’s sell off. A strategist at ... Read More
Weekly Gold &Silver Market Recap – 11/30/2012
GOLD LOWERS IN SELL-OFF: The week started off well for Gold. As of Monday morning Gold prices stayed near five week highs in overnight trading even after the dollar strengthened. Edel Tully, an analyst at UBS AG in London said, “The uncertainties surrounding the euro group meeting on Greece have impacted the euro-dollar and in turn Gold.” However, by th... Read More
Mid-Day Gold & Silver Market Report – 11/30/2012
HOME PRICES ON THE RISE; GOLD SET TO GAIN Home prices rose in September, sending a signal that the housing market is showing signs of a recovery.The S&P/Case-Shiller home-price index was released this week, showing that “prices gained 3 percent over the past 12 months.” The Gold price has held mostly steady Friday with a recent dip as U.... Read More
Morning Gold & Silver Market Report – 11/30/2012
ANALYSTS ASSERT ‘GOLD REMAINS IN HIGH DEMAND’ Gold is looking to end the month of November on the positive side despite being down in early trading today. Analysts at Commerzbank said that one bullish sign for Gold’s price is the number of investors interested in not only physical metals, but exchange-traded funds (ETF) as well. “ETF investors … are proof that Gold remains in high demand as a store of va... Read More
Closing Gold & Silver Market Report – 11/29/2012
GOLD SLOWLY RECOVERS; DO BRITISH BANKS HAVE ADEQUATE CAPITAL PROTECTION? Gold is slowly recovering today after yesterday's profit taking took the metal’s price down. The price of Gold has increased more than 10 percent for the year so far as investors have flocked to the yellow metal as a safe haven. Jeff Kilburg, CEO of Killir Kapital Management believes the... Read More
Mid-Day Gold & Silver Market Report – 11/29/2012
EXPERTS BULLISH ON GOLD REGARDLESS OF FISCAL CLIFF OUTCOME Gold is up today as officials in Washington continue to negotiate solutions to the fiscal cliff. Speculation that a deal will be reached before the end of the year has prompted the Federal Reserve to prepare for further asset purchases. “I will be assessing the employment and infla... Read More
Morning Gold & Silver Market Report – 11/29/2012
FISCAL CLIFF OR FISCAL ROLLER COASTER? Optimism from yesterday is pointing to a positive start to the markets today. The Dow reversed a greater than 100 point opening deficit yesterday after comments from both political parties alluded to a resolution of the budget crisis by Christmas. According to the most Read More
Closing Gold & Silver Market Report – 11/28/2012
GOLD DOWN ON MASSIVE STOP-LOSS TRADING AS STOCKS MOVE HIGHER The Gold price fell today in sharp contrast to the Dow Jones Industrial Average and S&P 500. After reassuring comments today on the part of President Obama and Speaker of the House John Boehner, the stock market spiked more than 100 points. A hard line approach appears to be under wa... Read More
Mid-Day Gold & Silver Market Report – 11/28/2012
GOLD HITS TWO WEEK LOW; U.S. FEDERAL RESERVE PROCEDURE REVIEW Gold and other Precious Metals prices are seeing a significant dip in price today. The price of Gold has fallen two percent today, which is the largest drop in three weeks. The Gold price dropped twenty dollars in a five minute span this morning due to a large sell-off of the Precious Metal. Over two million ounces of Gold futures were traded in t... Read More
Morning Gold & Silver Market Report – 11/28/2012
CONGRESS NOT CLOSE TO AVOIDING FISCAL CLIFF Precious Metals prices and stock futures are lower this morning after statements made yesterday by Senate Majority Leader Harry Reid. Reid said that Republicans and Democrats of Congress are still far apart in agreeing on proper way to avoid the fiscal cliff. Stephen Pope of Spotlight I... Read More
Closing Gold & Silver Market Report – 11/27/2012
GOLD ENDS THE DAY LOWER; ENGLAND LOSING CREDIT The Gold market has stayed mostly level for the day, ending a bit lower than Monday’s close. One of the main reasons for the decrease has been a rebound in the value of the United States dollar. October’s demand for products such as machinery and electronics went up the most in five months. Read More
Mid-Day Gold & Silver Market Report – 11/27/2012
U.S. CONSUMER CONFIDENCE LEVELS LIFTED Precious Metals prices remain stable through the morning after the announcement that Greece is set to receive a bailout of close to 44 billion euros. HSBC analysts suggested that Gold’s price may be affected by the decision as the euro moves against the U.S. dollar, but little movement has been seen so far. “W... Read More
Morning Gold & Silver Market Report – 11/27/2012
DEBT DEAL REACHED FOR GREECE Gold and Silver prices are basically flat this morning amid news that the eurozone and the International Monetary Fund have reached a debt deal for Greece. The country’s debt level will be lowered to a more sustainable level, and ultimately, this deal will lead to the next $44 billion tranche of aid being released to the country. German Chancellor Angela Merkel, who many cons... Read More
Closing Gold & Silver Market Report – 11/26/2012
LITTLE MOVEMENT FOR GOLD TODAY; POSITIVE OUTLOOK FOR EUROZONE CRISIS Gold remains flat for the day, and other equities and commodities are down as investors focus on Europe’s financial crisis and the concern that Greece will need a second bailout. “Most of the activity came from CTAs (Commodity Trading Advisors) and hedge funds who were either adding to longs or reversing their shorts. It seems tha... Read More
Mid-Day Gold & Silver Market Report – 11/26/2012
GOLD REMAINS STEADY AS STOCKS DESCEND Gold continues to hover around $1,750 today after ending last Friday its highest point since mid-October. Analysts continue to cite European debt struggles and the upcoming fiscal cliff as the main movers of the U.S. dollar and the Gold price. “Gold has now found some very strong buying since the dip below $1,700, and w... Read More
Morning Gold & Silver Market Report – 11/26/2012
CYBER MONDAY vs. GREECE AND THE FISCAL CLIFF U.S. stock futures look to start lower today. Negotiations will continue today between the President Obama and top congressional leaders as they try to come to terms on upcoming tax increases and spending cuts, otherwise know as the Fiscal Cliff. Greece is still in the news as the euro-area finance ministers are in discussion over the next round of aid for the country’s distressed economy. Read More
Weekly Gold & Silver Market Recap – 11/21/2012
GOLD HOLDS STEADY IN AN ABBREVIATED WEEK With Thanksgiving on Thursday, this was a short week for the Precious Metals market in the United States. The attention is still focused squarely on the fiscal cliff and the U.S. lawmaker’s ability to avoid it. Congressional leaders and President Barack Obama have publicly stated their optimism for a deal on the nation’s financial situation after only a few hours of talks last week before the president left for a three natio... Read More
Mid-Day Gold & Silver Market Report – 11/21/2012
GOLD, STOCKS UP SLIGHTLY AS MIDDLE EAST, DOMESTIC NEWS WEIGH ON MARKETS Gold continues to float in the $1,720 - $1,730 range as we approach the holiday weekend. Though failure to reach a lending agreement in Greece was disappointing for investors who will need to wait until next week for further news, there is a vague sense of optimism regarding U.S. economic recove... Read More
Morning Gold & Silver Market Report – 11/21/2012
GREECE DENIED AID ONCE AGAIN; GOLD DEMAND STRONG Gold and Silver are trading higher this morning, as many traders may “want to be risk-off ahead of the long weekend – certainly there will be no expectation of fresh news about averting the fiscal cliff, but Europe will remain a concern and there’s the developing situation in the Middl... Read More
Closing Gold & Silver Market Report – 11/20/2012
GOLD DOWN ON RESERVE REPORT; EUROPE LOOKS TO CUT DEBT After Federal Reserve Chairman Ben Bernanke spoke today, the Gold price stuck to its trend of reacting to his speech. This time around, the movement was downward. The main speaking points regarded the fiscal cliff and the debt ceiling. With nothing new being said, there was no reason for much movement in the Precious Metal markets. Bernanke said that the current quantitative easing program will be ongoing until ... Read More
Mid-Day Gold & Silver Market Report – 11/20/2012
GOLD DROPS SLIGHTLY; BEN BERNANKE TO ADDRESS CONGRESS TODAY Gold's gains from yesterday are slowly being wiped away as today’s report of improved U.S. housing data pushed the dollar up. The value of Gold is likely to be determined by how the fiscal cliff and the eurozone financial crisis are both handled in the near future. The newest factor to affect the yellow metal’s price is the conflict betwee... Read More
Morning Gold & Silver Market Report – 11/20/2012
PRECIOUS METALS FLAT; FOCUS ON MIDDLE EAST, FISCAL CLIFF Precious Metals prices are flat this morning, echoing trends seen with the U.S. dollar. Yesterday, that trend saw Gold rally approximately $20 per ounce as the dollar was sent lower by hopes that leadership in the U.S. will be able to get a fiscal cliff deal in place before the end of the year. ... Read More
Closing Gold & Silver Market Report – 11/19/2012
GOLD FINDS SUPPORT IN 2013; WILL FISCAL CLIFF CAUSE U.S. RECESSION? “Alternative currency” is the word chosen by ScotiaMocatta to describe Gold in their Precious Metals 2013 Forecast for the yellow metal. The ScotiaMocatta is very bullish for Gold in 2013, estimating support on the low end at $1,600 an ounce with the potential for the metal to reach as high as $... Read More
Mid-Day Gold & Silver Market Report – 11/19/2012
FISCAL CLIFF OPTIMISM BOOSTS MARKETS Gold has rallied today to recuperate from losses realized last week. Geopolitical tension in the Middle East and reports from Washington concerning end-of-year budget talks continue to be the main market movers as both U.S. stocks and Precious Metals are up at mid-day. Christin Tuxen, analyst at Danske Bank, weighed in regarding ... Read More
Morning Gold & Silver Market Report – 11/19/2012
TRADERS BULLISH ON U.S. BUDGET Congressional leaders and President Barack Obama have publicly sated their optimism for a deal on the nation’s financial situation after only a few hours of talks last week before the president left for a three nation tour. The president reiterated his views Sunday in Bangkok where he said, “I am confiden... 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.
