Precious Metals Market Reports
Closing Gold & Silver Market Report, 9/5/2012
MARKET QUIET AHEAD OF ECB MEETING; AUTHOR SEES ZERO GROWTH FOR CHINA Gold and Silver prices showed little movement Wednesday. The markets are speculating that an unlimited bond buying program may be announced at the European Central Bank’s policy meeting Thursday. The assumption is that the ECB will have many options to present to the Governing Council to consider, but there is no guarantee any of the... Read More
Mid-Day Gold & Silver Report, 9/5/2012
GOLD WAITS FOR NEWS, MORE REASONS FOR EASING The Gold price has stayed even for most of today. After a boost last week from the talk of monetary easing by the United States Federal Reserve, this week is no different. The pause in the market is due to the impending European Central Bank meetings and the release of important econom... Read More
Morning Gold & Silver Market Report, 9/5/2012
EUROZONE INDEX INDICATES UPCOMING RECESSION American stock futures and Precious Metals are down this morning, as news out of Europe disappointed investors. The eurozone purchasing managers’ index declined in July, further indicating a recession is likely soon in the region. Rob Dobson, senior economist at Markit, said, “... Read More
Closing Gold & Silver Market Report, 9/4/2012
QUANTITATIVE EASING TALK PUSHES GOLD HIGHER The Gold price rose to a five month high today on quantitative easing news out of Europe and the United States. James Steel of HSBC said that “it’s the avalanche of money argument” in regards to Precious Metals’ gains recently. Andrey Kryuchenkov of VTB Capital said, “All that promise (of quantita... Read More
Mid-Day Gold & Silver Market Report, 9/4/2012
GOLD PRICE KEEPS RISING; EUROPE IN SPOTLIGHT Prices for Gold and other Precious Metals had big gains last week due to the United States Federal Reserve meeting and the probability of another round of monetary easing. This week started off with the same rise in prices, and monetary easing continues to be the reason. However, the locale has shifted to Europe, with meetings... Read More
Morning Gold & Silver Market Report, 9/4/2012
GOLD PUSHES TOWARD $1,700; SILVER ABOVE $32 Comex Gold futures are slightly higher this morning, setting new five month highs. Gold and Silver prices shot upward after Federal Reserve Chairman Ben Bernanke seemed to open the door to QE3 in his speech at Jackson Hole, Wyo., last week. Now, markets are focused on th... Read More
Closing Gold & Silver Market Report, 8/31/2012
FED CHAIRMAN’S ‘GRAVE CONCERN’ STATEMENT SENDS GOLD, SILVER CLIMBING In his speech from Jackson Hole, Wyo., on Friday morning, Federal Reserve Chairman Ben Bernanke said, “The stagnation of the labor market is a particularly grave concern because persistently high levels of unemployment will wreak structural damage on our economy tha... Read More
Mid-Day Gold &Silver Market Report, 8/31/2012
FED CHAIRMAN GIVES CLEAR SIGNAL FOR QE3 The much anticipated Jackson Hole, Wyo., speech took place this morning, with Federal Reserve Chairman Ben Bernanke giving indications that the Fed will soon embark on another round of bond buying, otherwise known as quantitative easing (QE). “It is important to achieve further pro... Read More
Morning Gold & Silver Market Report, 8/31/2012
FED CHAIRMAN SET TO SPEAK; SHOULD EUROZONE LOOK AT GOLD DIFFERENTLY? U.S. stock futures and Precious Metals are enjoying a boost this morning in anticipation of Federal Reserve Chairman Ben Bernanke’s speech at Jackson Hole, Wyo., set to begin at 10 a.m. (EDT). Many investors are expecting Bernanke to strongly hint about a new r... Read More
Closing Gold & Silver Market Report, 8/30/2012
SEPTEMBER USUALLY EVENTFUL FOR FINANCIAL MARKETS Investors are patiently waiting to see if Federal Reserve Chairman Ben Bernanke will announce a stimulus plan to boost the American economy when he speaks Friday from Jackson Hole, Wyo. The sentiment is mixed whether the Fed is set to launch another round of quantitative easing or continue to postpone further measures. “ Read More
Mid-Day Gold & Silver Market Report, 8/30/2012
GOLD DIPS ON FED EXPECTATIONS; CONSUMERS SPENDING MORE Precious Metals prices were down across the board at midday, moved partially by growing sentiment that the Federal Reserve may not announce the expected monetary measures the markets are looking for. Another round of monetary easing is seen as being a strong positive for Gold. “The stock market is at four year highs, Read More
Morning Gold & Silver Market Report, 8/30/2012
METALS FLAT AFTER BENIGN JOBLESS REPORT Precious Metals are mostly flat this morning as the release of the weekly jobless claims report has had little effect on Gold and Silver. The four week moving average of new claims rose by 1,500, while the week to week change was flat. The main focus of the markets continues to... Read More
Closing Gold & Silver Market Report, 8/29/2012
HOW WILL FED REACT TO AMERICAN ECONOMY’S GROWTH? Investors are concerned about how the Federal Reserve might react to the reported 1.7 percent growth in the American economy from April through June. The Fed stated today that the economy has continued to improve gradually from July into August, based on positive data reported in housing and retail sales. James Kee at South Texas Money Management understands that the Fed has boundaries. He sa... Read More
Mid-Day Gold & Silver Market Report, 8/29/2012
GOLD PRICE HOVERS; AMERICA’S ECONOMY KEEPS PACE The Gold price has been mostly flat this week in anticipation of the United States Federal Reserve possibly giving some direction to the market. This week’s meeting in Jackson Hole, Wyo., has been the center of attention for economists. On Friday, Fed Chairman Ben Bernanke will address th... Read More
Morning Gold & Silver Market Report, 8/29/2012
GOLD, SILVER FLAT AS JACKSON HOLE SPEECH LOOMS Gold and Silver prices are mostly flat this morning ahead of the Jackson Hole Economic Symposium to be held later this week. Though European Central Bank President Mario Draghi has bowed out of the event, all eyes are still on the Federal Reserve and whether Chairman Ben Bernanke wil... Read More
Closing Gold & Silver Market Report, 8/28/2012
METALS PRICES PULL BACK; WILL ALL CENTRAL BANKS ANNOUNCE STIMULUS? Growing concerns that the Federal Reserve will postpone stimulus measures for the United States economy have had a direct effect on Gold, as the metal’s price dropped for the day. Referring to the Federal Reserves upcoming summit in Jackson Hole, Wyo., Frank McGhee at Integrated Brokerage Services LLC said, “ Read More
Mid-Day Gold & Silver Market Report, 8/28/2012
CONSUMER CONFIDENCE SLIPS A private sector report showed a drop in consumer confidence in August, as the measure hit a nine month low. While many economists had been expecting an increase, Americans moved to a more pessimistic outlook in the short term. “Consumers were more apprehensive about business and employment prospects, but more optimistic about their financial prospects despite risin... Read More
Morning Gold & Silver Market Report, 8/28/2012
ANTICIPATION GROWS, AFFECTS MARKETS AHEAD OF FED MEETING The week’s dominant financial news will be the speculation ahead of the Federal Reserve’s Jackson Hole, Wyo., symposium. Anticipation leading up to the event is leaving stocks flat. David Morrison, senior market strategist at GFT Markets in London, said ... Read More
Closing Gold & Silver Market Report, 8/27/2012
GOLD STANDARD’S RETURN WEIGHED; EURO GAINS MOMENTUM The upcoming United States presidential election in November has been a big part of the news, and the economy has been the main point of focus. One idea has been to bring back the Gold standard that was abandoned over 40 years ago. Simply put, the American dollar would have... Read More
Mid-Day Gold & Silver Market Report, 8/27/2012
ANXIOUS INVESTORS CAUSE MILD TRADING Gold and Silver investors are anxiously awaiting events over the next few weeks, specifically regarding the prospect of another round of quantitative easing. Highly anticipated speeches scheduled for the end of the week by Federal Reserve Chairman Ben Bernanke and European Central... Read More
Morning Gold & Silver Market Report, 8/27/2012
GOLD MIGHT SEE BEST YEAR SINCE 2010 A Bloomberg report this morning stated the prospect that Gold might rise to $1,800 per ounce by year’s end, which could extend Gold’s gains for the year to more than 15 percent. This would be the greatest gain since 2010, when Gold saw a 30 percent increase. The expectation of higher Gold ... Read More
Closing Gold & Silver Market Report, 8/24/2012
GOLD STEADY AFTER ACTIVE WEEK; CHINA’S ECONOMY SEEMS FRAGILE The Gold price remained flat Friday compared to movement seen earlier in the week. The surge in Gold’s price was supported by investors who believe the Fed is reaching its breaking point and is about to release the next round of quantitative easing in the United States. “Gold has this week broken out of its well defined, multi mo... Read More
Mid-Day Gold & Silver Market Report, 8/24/2012
EUROPE STILL CENTRAL CONCERN; TV ANALYST PROMOTES GOLD In lieu of an official Federal Reserve decision on monetary easing, the eurozone remained the hub of market news Friday as uncertainty about the region’s debt crisis has caused the S&P 500 to drop below 1,400 for the first time in two weeks. “It’s been a bad week for markets. It’s a ‘very littl... Read More
Morning Gold & Silver Market Report, 8/24/2012
GOLD SLIGHTLY LOWER; MARKET ‘JUST WAITING’ FOR MORE FROM FED American stock futures and Gold are slightly lower this morning as investors continue to analyze the latest Federal Open Market Committee minutes. The top story hasn’t changed; all eyes are firmly on a small town in Wyoming. “Given all the mixed messages, the... Read More
Closing Gold & Silver Market Report, 8/23/2012
GOLD MOVEMENT REFLECTS EAGERNESS; IS WORLD RECESSION LIKELY? The Gold price has moved more this week than in the past four months. The movement reflects growing eagerness for the Federal Reserve to provide further stimulus measures to boost the economy. The minutes from the Federal Open Market Committee’s meeting, released y... Read More
Mid-Day Gold & Silver Market Report, 8/23/2012
METALS MOVE ON HOPE, STRIFE; SPAIN IN NEGOTIATIONS Precious Metals prices continued to move upward as investors continued to view the recently released Federal Reserve policy meeting minutes in a positive light. Hopes continue to grow that the Fed will take some action soon to boost the economy. “The default action has changed from do nothing to do something,” Mitsui Precious Metals an... Read More
Morning Gold & Silver Market Report, 8/23/2012
JOBLESS CLAIMS DISAPPOINT, LEAVING DOOR OPEN TO QE3 Precious Metals prices added to early gains after the release of the weekly jobless claims report. After an upward revision from last week’s numbers, the report showed increases across the board in new claims, existing claims, and the four week moving average. Jumps ... Read More
Closing Gold & Silver Market Report, 8/22/2012
GOLD SURGES AS FED SAYS EASING ‘WARRANTED FAIRLY SOON’ Just a day after hitting a two month high, the Gold price is now sitting at a 16 week high after the release of the latest Federal Open Market Committee minutes. In the minutes, the Fed said, “Many members judged that additional monetary accommodation would likely be warranted fairly soon unless incoming information pointed to a substant... Read More
Mid-Day Gold & Silver Market Report, 8/22/2012
CURRENCY QUESTIONED; GREECE SEEKS MORE TIME The chairman of Rogers Holding, Jim Rogers, had some very direct statements regarding his investment outlook in a recent interview. On the topic of global currencies and their future, the chairman said, “Paper money is becoming more suspect.” When asked about Gold, he said that it “has been used for thousands of yea... Read More
Morning Gold & Silver Market Report, 8/22/2012
ALL EYES ON THE FED The primary topic of discussion today will be the release of the minutes from last week’s Federal Reserve meeting. Ahead of that announcement, speculation will abound. Some investors will want more quantitative easing, while others will want more of what we have been getting: inaction. Speaking on CNBC, Art Cashin, director of floor operations at USB, said, “You’re going to n... Read More
Closing Gold & Silver Market Report, 8/21/2012
GOLD UP OVER 2% IN AUGUST, EURO GETS A BOOST By the close of the business today, the gold price made another significant jump in price. The yellow metal has had a very strong month of August with prices going up more than $35 per ounce. The main reason for the increase in value is the continued talk of economic aid for global leaders. Europe,... Read More
Mid-Day Gold & Silver Market Report, 8/21/2012
GOLD PRICE HOLDS; GASOLINE PRICES CLIMB Gold continues to be buoyed by a strong euro and stock markets; however Platinum continues to be the biggest climber in the past seven days. Strike related violence at a South African mine operated by Lonmin last week has pushed the Platinum price up nearly $100 per ounce week over week. The company reported that nearly 60 percent of its workers report... Read More
Morning Gold & Silver Market Report, 8/21/2012
GOLD PRICE AT TWO MONTH HIGH, BREAKS KEY LEVEL The Gold price was at a two month high this morning, tracking the euro upward. VTB Capital analyst Andrey Kryuchenkov said, “A break above $1,630 is very significant, as we breach the June-July and early August range. Buy orders were triggered, with the dollar index also slipping below support … a... Read More
Closing Gold & Silver Market Report, 8/20/2012
FEAR DRIVES PRECIOUS METALS PRICES Bullion prices have risen on investors’ hopes for further stimulus measures from policy makers. Commenting on a higher Gold price today, Chintan Karnani, chief analyst at Insignia Consultants in New Delhi, said, “Prices continued to trade in a tight range amid a lack of major news from the U.S. or Europe.” Investors began buying more Platinum on growing concerns ou... Read More
Mid-Day Gold & Silver Market Report, 8/20/2012
INVESTORS KEEP WAITING FOR QE3 The stock market is down today as American investors paused following six straight weeks of gains on the Dow Jones Industrial Average. Also, European officials exposed a supposed plan to cap European bond yields, which hindered investor confidence even as the European Central Bank insists that no decision on the... Read More
Morning Gold & Silver Market Report, 8/20/2012
GOLD, PLATINUM PRICES RETREAT FROM RECENT GAINS The early morning trading hours have seen Precious Metals prices going slightly lower. Gold investors have been largely on the sidelines, as they await further announcements later this week from eurozone policy makers. Several rounds of talks are scheduled between Germany, France, Greece and the... Read More
Closing Gold & Silver Market Report, 8/17/2012
GLOBAL INVESTOR SOROS SELLS STOCKS, BUYS GOLD George Soros, a famous global investor, sold his shares in American financial stocks and used the proceeds to buy Gold. It is worth noting that he did so at a time when the Dow crossed 13,000, its highest level since April 2008. Soros also is noted for his close ties with the Ob... Read More
Mid-Day Gold & Silver Market Report, 8/17/2012
MIXED BAG OF ECONOMIC DATA KEEPS GOLD IN TIGHT RANGE The Gold price remained steady through mid-day, following the euro as Gold continues to track currency markets. Ross Norman, chief executive officer of Sharps Pixley, commented on recent news of slowing Gold demand by saying, “You’d think Gold would subside, but it has performed well, responding to small optimism on euro gains and dollar weakness.” This positive sentiment comes amid growing concern o... Read More
Morning Gold & Silver Market Report, 8/17/2012
GERMAN CHANCELLOR BACKS EURO, MAY NOT BACK GREECE American stock futures received a boost this morning, thanks to German Chancellor Angela Merkel. Overnight, Merkel reaffirmed Germany’s commitment to the euro, much like what European Central Bank President Mario Draghi said recently. “With Merkel voicing her support for ... Read More
Closing Gold & Silver Market Report, 8/16/2012
CENTRAL BANKS MAY REACH RECORD YEAR AS NET BUYERS OF PRECIOUS METALS The World Gold Council (WGC) reported today that Gold demand fell to its lowest point in over two years during the second quarter. The fluctuation with Gold demand is due to key consumers such as India and China acquiring less, offsetting a notable quarter for central bank acquisitions. Marcus Grubb at WGC commented on how central banks may set a record with their increased Precious Metals hold... Read More
Mid-Day Gold & Silver Market Report, 8/16/2012
GOLD UP ON CENTRAL BANK EXPECTATIONS; PLATINUM MINE CONFLICT CONTINUES Gold prices are up through midday trading among growing belief that central banks are indeed preparing to launch measures to support the economy. The upward push on Gold is being kept in check somewhat by the mixed United States economic data that suggests the U.S. Federal Reserve will continue its “wait and see” attitude. The Jackson Hole meeting at the end of this month could bring into focus ... Read More
Morning Gold & Silver Market Report, 8/16/2012
GOLD BEING PULLED IN BOTH DIRECTIONS Precious Metals prices recovered slightly after two economic reports were released this morning. United States housing starts and jobless claims were worse than expected. Economists expected housing starts to rise slightly, but they fell by 1.1 percent. Economists also expected a rise of about 1,000 in new jobless claims, but the real result was slightly ... Read More
Closing Gold & Silver Market Report, 8/15/2012
CONFIDENCE RENEWED IN GOLD; POSITIVE DATA ALLAYS EASING The Gold price experienced little movement today, staying just above $1,600 per ounce for most of the day. The yellow metal was heavily talked about once it was reported that longtime gold bull John Paulson has confidence that the Precious Metal is a long term currency and inflation hedge. This reassured investors that Gold’s price ca... Read More
Mid-Day Gold & Silver Market Report, 8/15/2012
BILLIONAIRE BUYS BIG; GOLD PRICE UP ON ECONOMIC DATA John Paulson has more than 44 percent of his equities now in Gold. At this time last year, Paulson had 25 percent of his equities in the yellow metal. That’s an increase of 19 percent of his $21 billion hedge fund that is now in Gold. The last time he was thi... Read More
Morning Gold & Silver Market Report – 8/15/2012
IS THE EURO CURRENCY ALREADY DEAD? Precious metals recovered from early losses this morning after the release of the Consumer Price Index showed the smallest year-over-year increase in nearly two years. The better-than-expected report could support the Federal Reserve’s looming decision on another round of monetary stimulus. Also, a key business gauge contracted unexpectedly for the first tim... Read More
Closing Gold & Silver Market Report, 8/14/2012
GOLD STAGNATION DISAPPOINTS; SYRIAN CONFLICT CLOSING? Gold closed down Tuesday as investors scaled back expectations of action by the Federal Reserve. “Better economic figures may make the Fed postpone or do away with additional stimulus,” said George Gero, vice president of RBC Capital Markets. Gold also appears still trapped around $1,600, and many investors are disappointed the meta... Read More
Mid-Day Gold & Silver Market Report, 8/14/2012
GERMAN ECONOMY SOFTENS; DOLLAR’S GAIN PRESSURES GOLD A positive retail sales report pushed the Gold price lower to start the day. The report from sales data in the United States shows a rise in consumer retail sales for the first time in four months. Most experts said that could boost overall growth in the third quarter of the year and reduce the cha... Read More
Morning Gold and Silver Market Report, 8/14/2012
REPORTS BRING OPTIMISM FOR EUROZONE, AMERICA The morning news is optimistic for the economy based on renewed growth figures from Europe. The seesaw effect of Europe’s ups and downs is reversing Monday’s price drops, as prices again were going up. Tuesday data is showing Gross Domestic Product output for the eurozone region was in line with expectations: Read More
Closing Gold & Silver Market Report, 8/13/2012
AMERICA WAITING; CONCERNS MOUNT ABOUT EUROZONE CORE The Gold price fell slightly Monday, as investors took earnings after last week’s gains. “Everybody seems to be waiting for this huge money printing that they think is going to happen, which hasn’t happened yet. So, nobody really wants to bet against it, but at the same time they don’t want to go long,” said Doug Roberts, chief invest... Read More
Mid-Day Gold & Silver Market Report, 8/13/2012
JAPAN JOINS THE ‘DISAPPOINTING REPORTS’ CLUB American stocks dropped today following a five week rally in the Dow Jones Industrial Average. The dip comes following news of disappointing economic data from Japan. Economists projecting 2.7 percent growth in Japan’s Gross Domestic Product in the second quarter received figures... Read More
Morning Gold & Silver Market Report, 8/13/2012
GOLD, SILVER HOLDING ON TO RECENT GAINS Precious Metals and equity markets were flat this morning as concerns about global growth continue to provide headwinds. Japan’s economy only grew by 1.4 percent, when it was projected to grow at 2.5 percent. Markets were down initially but have recovered on new hopes for further Read More
Closing Gold & Silver Market Report, 8/10/2012
CENTRAL BANK REACTIONS KEY TO SURVIVING The euro rebounded in afternoon trading today, which helped Gold, Silver, and many stocks to rebound from early losses, as well. China is now firmly in the mix as one of the global problems, said Sandy Lincoln of BMO Asset Management U.S. “It’s Europe, China, and the U.S. as the three bi... Read More
Mid-Day Gold & Silver Market Report, 8/10/2012
U.S. DROUGHT PUSHING GOLD HIGHER; BANK RECOVERY PLANS REQUIRED Gold is up in midday trading, sparked by inflation concerns and the possibility of higher food prices. The United States Agriculture Department released its corn crop forecast today, slashing its production estimate in light of the worst drought the United States has seen in 56 years. “We have seen Gold running higher this afternoon. I think this is a spillover effect from the USDA crop rep... Read More
Morning Gold & Silver Market Report, 8/10/2012
FALLING IMPORT PRICES COULD SUPPORT MORE EASING Import prices in the United States fell unexpectedly in July, extending the streak to four months of declines. The decline in import prices could be one more reason for the Federal Reserve to ease monetary policy further. Historically, tools such as quantitative easing have been very supportive of Precious Metals prices. The possi... Read More
Closing Gold & Silver Market Report, 8/9/2012
THE PRICE OF GOLD AND CRUDE OIL STABILIZE Precious Metals across the board remained flat through the day. A belief that further stimulus measures will be pushed out by central banks is providing the substance Gold needs now. Charles Nedoss at Kingsview Financial said, “Continued hopes of more quantitative easing in key economies and fears of in... Read More
Mid-Day Gold & Silver Market Report, 8/9/2012
GOLD PRICE INCHES UP ON WEAKER CHINESE ECONOMIC DATA While many investors have paused, waiting for some clear definition of action from the European Central Bank (ECB) or the United States Federal Reserve, China’s weakening economic data has kept alive optimism for more monetary easing in China. With no clear plan from the ECB and only hints from the Fed, Precious Metals trading has been sluggish. “ Read More
Morning Gold & Silver Market Report, 8/9/2012
ECONOMIC REPORTS BETTER THAN EXPECTED; GOLD STAGNATES American stock futures and Precious Metals rebounded this morning after two economic reports were released. The trade deficit narrowed to the smallest gap in nearly two years, and weekly jobless claims fell Read More
Closing Gold & Silver Market Report, 8/8/2012
WHEN WILL EUROPE FINANCIALLY SECURE ITSELF? Gold’s price remained steady today as many investors await central banks to disclose future stimulus plans. Ole Hansen at Saxo Bank said, “I think investors inherently want to see it (the Gold price) higher and are worried about missing the boat. Liquidity is at a premium this time of year, and it does not take much to drive (the market... Read More
Mid-Day Gold & Silver Market Report, 8/8/2012
GOLD AWAITS DIRECTION; MORE HARM THAN GOOD IN EURO RECOVERY? At the midpoint of the week, Gold has had little of the direction needed for a significant price move. The main points of interest have been the lack of action from the central banks of Europe and the United States. Another factor is a slow start to the festival season in India, which is known for raising Gold demand. India has had weaker demand this year because of its weakened currenc... Read More
Morning Gold & Silver Market Report, 8/8/2012
PROFIT TAKING PULLS DOWN STOCKS, PRECIOUS METALS American stock futures and Precious Metals were down slightly this morning, as investors are taking profits on recent gains. News of a downgrade to the outlook for Greece’s sovereign debt rating also affected the markets, as the European Union and International Monetary Fund seem less like... Read More
Closing Gold & Silver Market Report, 8/7/2012
GOLD PRICE STEADY; EUROPE UNDER PRESSURE As the markets closed Tuesday, there had been little movement in the Gold price. The reasoning behind such light trading is based on the lack of action from major central banks. In the United States, the question remains whether the slow economic numbers warrant another round of monetary easing fro... Read More
Mid-Day Gold & Silver Market Report, 8/7/2012
GOLD REFLECTS EURO OPTIMISM; RECESSION FEARS FADING? While slightly off its morning high, the Gold price is reflecting increased optimism in the euro. Growing belief the European Central Bank (ECB) will take action to help Spain and Italy helped stock markets and the strength of the euro relative to the American dollar. “In the immediate term, it’s all about the euro, which is currently very... Read More
Morning Gold & Silver Market Report, 8/7/2012
BANKING TAKES ANOTHER DIRECT HIT; GOLD PRICE UP Precious Metals prices were up again in early morning trading as the euro gained on the American dollar on the hope that the European Central Bank will step in with a quality easing plan. However, concerns persist over our own fiscal cliff and investor outlook for further Fed easing domestically. Analyst David Wilson hit on both concerns, saying, “It’s all about the exchange rates. Read More
Closing Gold & Silver Market Report, 8/6/2012
THE FUTURE WILL SHOW GOLD’S TRUE VALUE Gold held on to price gains Monday. In a note, Credit Suisse explained how United States data ultimately affects the yellow metal. “Stronger economic data is a double-edged sword for Gold.” The note said the American dollar “tends to depreciate after good economic data due to reduced safe haven flows. Th... Read More
Mid-Day Gold & Silver Market Report, 8/6/2012
GOLD PRICE ON THE RISE; CHINA ADDS TO STOCKPILE As the week begins, so does the rise in Gold prices. With reports coming out at the end of last week showing another rise in the United States jobless rate, the talk of more monetary easing from the Federal Reserve continues. “There is still room for easing if it is required, and there is still a perception that it may be required,” said David Jollie, an analyst with Mitsui Precious Metals. Read More
Morning Gold & Silver Market Report, 8/6/2012
REPORT PREDICTS GOLD TO RALLY ABOVE $1,900 IN 2012 A report from HSBC Bank states, “Economic uncertainty, geopolitical tensions and the uncertainty of the U.S. November elections are theoretically Gold bullish, and Gold should perform better later in the year when U.S. growth is poor and the dollar is weak.” The report further stated that “we expect prices to Read More
Closing Gold & Silver Market Report, 8/3/2012
GOLD PRICE RISES ON IMPROVED JOBS DATA Precious Metals stayed in positive territory Friday based on the better than expected jobs report that was released earlier in the day. The news however was tempered by the fact that unemployment still remains relatively unchanged. Expectations continue to grow that further quantitative easing will likely occur in September. Trader Nicolas Berge said, “Even though the nonfarm payrolls beat the estimates, the unemp... Read More
Mid-Day Gold & Silver Market Report, 8/3/2012
GOLD PRICE RISES; CENTRAL BANKS’ ABILITIES QUESTIONED Gold’s price began to ascend after positive numbers were released from this morning’s nonfarm payrolls report, which showed an estimated 163,000 jobs were created for July. For many investors, the upbeat data could begin to erase any chance of further economic stimulus in the United States. Stephen Stanley, chief economist at Pierpoint Securities, said, “Even with the better than expected payroll number, it’s... Read More
Morning Gold & Silver Market Report, 8/3/2012
HSBC PREDICTS $1,900 GOLD BEFORE 2013 Precious Metals gave up early gains after the better than expected nonfarm payrolls report was released this morning. The gain of 163,000 jobs in July blew past the expectations of 100,000. However, the unemployment rate moved up to 8.3 percent, the highest since February. American stock futures ad... Read More
Closing Gold & Silver Market Report, 8/2/2012
ECB CHIEF STRIKES OUT AFTER PROMISING HOME RUN Stocks and many commodities sank lower today after the lack of any sign of commitment to stimulus by the European Central Bank. ECB President Mario Draghi had buoyed markets last week by promising that the ECB would Read More
Mid-Day Gold & Silver Market Report, 8/2/2012
GOLD PRICE FALLS ON LACK OF EURO PLAN Disappointment over a lack of specifics intended to contain the eurozone debt crisis has continued to push Gold lower in midday trading. While the chief of the European Central Bank, Mario Draghi, had given investors hope last week with comments of support for the euro, the hope was that there would be immediate action outlined in today’s policy st... Read More
Morning Gold & Silver Market Report, 8/2/2012
ECB ANNOUNCEMENT, FED MEETING DISAPPOINT MARKETS American stock futures gave up some early gains after the European Central Bank (ECB) announced that eurozone interest rates will remain the same. While many economists said this would be the case, it seems investors were hoping for more. ECB President Mario Draghi ... Read More
Closing Gold & Silver Market Report, 8/1/2012
FED HOLDS STEADY; PRECIOUS METALS PRICES DIP Precious Metals prices took a blow today as the United States Federal Reserve decided against any action to stimulate the economy at this time. The Federal Reserve is only one part of the monetary puzzle, so to speak, as the European Central Bank and the Bank of England are set t... Read More
Mid-Day Gold & Silver Market Report, 8/1/2012
GOLD MARKET HOVERS AS ECONOMIC DECISIONS LOOM Precious Metals markets have stayed relatively flat since Monday. However, it just may be the calm before the storm. Starting today and going into tomorrow, announcements are expected from the United States Federal Reserve and the European Central Bank. These announcements are expected to lay out upcoming plans to improve struggling economies. While most o... Read More
Morning Gold & Silver Market Report, 8/1/2012
JOBS REPORT BETTER THAN EXPECTED; METALS PRICES DOWN Precious Metals, stock markets, and currency trades alike were relatively flat this morning. The markets all seem to be waiting for a decision from the United States Federal Reserve at the conclusion of a two day policy meeting today. A big decision, such as a third round of q... Read More
Closing Gold & Silver Market Report, 07/31/2012
FED MEETS TODAY, BUT LOOK TO JACKSON HOLE FOR BIG NEWS The Federal Reserve’s policy setting commission, the Federal Open Market Committee, is meeting in Washington today and tomorrow. Of course, the Internet is buzzing with speculation about a possible announcement of a new stimulus program. However, most analysts are looking to the Fed’s annual symposium in ... Read More
Mid-Day Gold & Silver Market Report, 07/31/2012
WILL EUROPEAN CENTRAL BANK TAKE ACTION? Precious Metals prices continue to trade mixed, as many investors are still waiting to see what (if anything) the European Central Bank does this week. “Uncertainty is growing regarding the outcome of the ECB meeting Thursday. In this context, the Gold market may trade largely sideways ahead of the meeting,” sa... Read More
Morning Gold & Silver Market Report, 7/31/2012
FED POLICY MEETING SET TODAY; GOLD HOLDING FIRM Precious Metals prices remained even in overnight trading, ahead of the start of a two day United States Federal Reserve policy meeting. The main area of focus remains the eurozone and possible quantitative easing domestically. There is a growing feeling among investors that there will be action taken on both fronts. Regarding quantitative easing, HSBC wrote in a note to investors, “Some of the tools the ... Read More
Closing Gold & Silver Market Report, 7/30/2012
TWO CONCERNS FOR EUROZONE: FUTURE AND CURRENCY Gold’s price has maintained a slow increase today, as the main focus continues to be how the Federal Reserve plans to rebuild America’s financial system. Matt Zeman at Kingsview Financial said, “It is all going to ride on central bank action this week. Markets were quiet as traders were waiting to see whether the Federal Reserve and the European Central Bank will announce any measures when they meet ... Read More
Mid-Day Gold & Silver Report, 7/30/2012
GOLD WAITS ON CENTRAL BANK MEETINGS The Gold price has started the week in a holding pattern. After last week’s significant climb of more than 2 percent, the yellow metal is waiting for a signal from the central banks in Europe and the United States this week to determine a course of action. Most expect European Central Bank President Mario Draghi to deliver on a promise he made last week of doing “whatever it takes” to save the euro. Read More
Morning Gold & Silver Report, 7/30/2012
GOLD PRICE SLIGHTLY LOWER IN OVERNIGHT TRADING Gold and equity markets are both poised to advance in the event that European leaders announce a plan to bail out Spain and curb further contagion. Spain has requested further eurozone support in buying its sovereign debt. Germany continues to be resistant to this notion, and this sets up a clash of wills as German finance officials prepare to meet with U.S. ... Read More
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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.
