Precious Metals Market Reports
Mid-Day Gold & Silver Market Report, 6/20/2012
FEDERAL RESERVE KEEPS OPERATION TWIST; QE3 OPTIONS REMAIN OPEN The long-awaited report by the United States Federal Reserve to the Joint Economic Committee has been released. The news is to stay the course. Operation Twist is a program that allows for the selling of short-term government debt and replacing it wit... Read More
Morning Gold & Silver Market Report, 6/20/2012
FED MONETARY POLICY DECISION EXPECTED TODAY American stock futures are trading slightly higher this morning, while the Gold price has dropped. This movement comes ahead of a highly anticipated Federal Reserve policy decision that could bring about a new round of quantitative easing. Nick Beecroft of Saxo Capital Market... Read More
Closing Gold & Silver Market Report, 6/19/2012
WHAT WILL BE GOLD’S NEXT MOVE? POTENTIAL QE3 ANNOUNCEMENT WEDNESDAY Precious Metals prices have remained stable throughout the day following this morning’s trends with little movement. Federal Reserve Chairman Ben Bernanke is set to hold a news conference Wednesday, where additional easing measures are expected to be announced. Anne-Laure Tremblay from BNP Paribas wrote in a note to clients, “Probable actions include interest rate cuts by the European Cent... Read More
Mid-Day Gold & Silver Market Report, 06/19/2012
INVESTORS AWAIT CLUES AS FED MEETING BEGINS Gold has retreated from its morning high as investors are awaiting clues as to what measures the Federal Reserve might take after its meeting this week. Weak jobs data from earlier this month fueled speculation that the Fed might extend Operation Twist (the repurchase of bonds) or move to a full round of quantitative easing. “Clearly the shift towards easier money is much more necessary now than it was three ... Read More
Morning Gold & Silver Market Report, 6/19/2012
TIME TO SOUND ALARM ABOUT SPAIN? Precious Metals prices have been steady or rising through early morning trading. Investors are wary of world events and slowly re-establishing their safe haven mentality regarding global and domestic economic situations. The Federal Open Market Committee is set to release a statement Wednesday. Analyst Lynette Tan said, “Ahead of the FOMC meeting, Gold bugs will watch for signs of more quantitative easing or an extensio... Read More
Closing Gold & Silver Market Report, 6/18/2012
EUROPE IN CROSSHAIRS OF G20 LEADERS First on the list of priorities at the meeting of the leaders of the world’s 20 largest economies is -- no surprise here -- the financial crisis in Europe that has been stewing for over two years now. President Barack Obama has scheduled one-on-one meetings with German Chancellor Angela Merkel about the European crisis,... Read More
Mid-Day Gold & Silver Report, 6/18/2012
QUESTIONS ABOUND FOR THE U.S.A. FEDERAL RESERVE With all the talk going into the weekend about the vote in Greece and its possible effects on Gold, today it seems the answer is still unclear. The initial reaction caused the Gold price to drop, however as reports point to a lack of planning for the eurozone’s future and the talk of quantitative easing here in the United States, Gold rebounded. “The fact that risk appetite has not rebounded more decisively after t... Read More
Morning Gold & Silver Market Report, 6/18/2012
GREECE VOTES FOR AUSTERITY, BUT SPAIN HOLDS DOWN OPTIMISM American stock futures, Gold, and Silver are all trading flat or lower this morning. Optimism from Greece’s election is wearing thin thanks to renewed worries from Spain. In Greece, Sunday’s election seems to be a victory for a pro-austerity party, though investors seem to b... Read More
Closing Gold & Silver Market Report, 6/15/2012
SUNDAY SHOULD BE A DAY TO REMEMBER No, this is not referring to Sunday night’s NBA Finals Game 3 between the Miami Heat and the Oklahoma City Thunder. It’s about the Greek election, which could prove to be one of the most important economic events in the world this year. For a small country, Greece is going to have a major effect on the global economy. Why is the outcome of this election Read More
Mid-Day Gold & Silver Market Report, 06/15/2012
GOLD STEADY AS CONSUMER SENTIMENT DROPS Gold prices are continuing to hold steady through midday trading today on expectations that central banks will hold to their pledges to take action as the Greek election nears. “Any chance of monetary easing is in the medium term positive (for Gold),” Credit Suisse analyst Tobias Merath said. “We think t... Read More
Morning Gold & Silver Market Report, 6/15/2012
GREEK ELECTION HAS INVESTORS POISED TO ACT Precious Metals are on the rise this morning ahead of what is viewed as a key Greek election. Global investors are most likely moving from their cash positions to the safe haven of Gold. Analyst Andrey Kryuchenkov said, “Not many will dare take on fresh longs ahead of the weekend given Gold's peculiar behavior recently, when it swings back and forth with or against risk sentiment.” In a note ... Read More
Closing Gold & Silver Market Report, 6/14/2012
U.K. CENTRAL BANK STIMULUS LIFTS MARKETS The United Kingdom Treasury and Bank of England are preparing to embark on two economic stimulus measures. The measures are designed to spur lending and give a boost to credit markets. In one measure, the Bank of England will create an additional 5 billion pounds per month, th... Read More
Mid-Day Gold & Silver Market Report, 6/14/2012
GLOBAL CONCERNS GROWING AHEAD OF GREEK ELECTION Gold is on the rise, while the euro has remained steady ahead of this weekend’s Greek elections. The yellow metal was powered by weaker than expected American retail and inflation data released Wednesday, and it appears to remain on that path. Investors are assuming German bonds may begin to lose their safe haven appeal with future elections along with Europe’s economic predicament. “Such a scenario... Read More
Morning Gold & Silver Market Report, 6/14/2012
GOLD MAY BENEFIT THANKS TO PATHETIC BOND YIELDS American stock futures are mostly flat this morning, with many investors seemingly unsure how to react to recent developments in Europe and the United States. David Morrison of GFT Markets said, “As we have seen many times recently, the previous day’s price action has been ... Read More
Closing Gold & Silver Marketing Report, 6/13/2012
PRECIOUS METALS VOLATILE AHEAD OF KEY GREEK ELECTION Precious Metals prices, although higher today, are still experiencing a lot of volatility through the day due to growing concerns over the eurozone debt crisis. Though risk remains elevated in the eurozone, Gold is holding steady. Domestic and sovereign concerns are hinged on central banks’ offerings of support. Analyst David Wilson said, “(Federal Reserve Chairman Ben) Bernanke, in comments made to ... Read More
Mid-Day Gold & Silver Report, 6/13/2012
GOLD CONFIDENCE HOLDS; REPORTS POINT TO SLOWING U.S. GROWTH With all the negative global economic news being reported, Gold is holding steady. While the news from Europe and its global effects seem to dominate the headlines, Gold is quietly holding its place. The larger question is not the situation in Europe, but how that might affect the United States ... Read More
Morning Gold & Silver Market Report, 6/13/2012
GLOBAL EASING AMOUNTS TO $6 TRILLION SINCE 2008 American stock futures are pointing to a lower start, and were pushed even lower after a report indicated retail sales fell in May. Jim Reid of Deutsche Bank said, “In reality, price action is likely to remain unpredictable as we move towards this weekend, as position squaring ... Read More
Closing Gold & Silver Market Report, 06/12/2012
FED CONFIRMS RECESSION’S EFFECT ON MIDDLE CLASS WEALTH A report released by the Federal Reserve on Tuesday confirmed what many Americans already knew: The Great Recession wiped out a significant amount of household wealth and hit the middle class especially hard. Median net worth in the United States declined by 38... Read More
Mid-Day Gold & Silver Market Report, 06/12/2012
GOLD GAINING MOMENTUM AS SPANISH BOND YIELDS CLIMB Gold continued to march into positive territory in midday trading and appears to be gathering momentum. The euro gained ground relative to the dollar, and other commodities (including copper) are seeing prices rising, as well. “(We had) a small pop higher in the euro, and that was it,” Saxo Bank Vice President Ole Hansen said. “The market ... Read More
Morning Gold & Silver Market Report, 6/12/2012
MORE EUROPEAN COUNTRIES ADDED TO WORRY LIST Precious Metals prices have remained relatively steady, rising a bit during early morning trading. Some analysts are saying that the safe haven appeal of Gold is borne not of the eurozone worries, but actually what those worries could do to the U.S. economy. Analyst Nic Brown said, “Gold is sitting, waiting for something to happen, but I would argue it is waiting for something to happen in the United States, ... Read More
Closing Gold & Silver Market Report, 6/11/2012
THE REACTIONS TO THE SPAIN BAILOUT ARE PESSIMISTIC Goldman Sachs Group Inc. is forecasting a 23 percent return in a year for industrial metals, with Gold as one of the top picks. Jeffrey Currie, head of commodities research, said, “Although the macroeconomic backdrop still remains uncertain, particularly in Europe, we believe that the ... Read More
Mid-Day Gold & Silver Market Report, 6/11/2012
GOLD VALUE HOLDING STEADY; CHINA LOOKS TO INCREASE HOLDINGS The Gold price has been steady today after last week’s drop in price. The well documented economic crisis in Europe has the market in a holding pattern until further news warrants movement. There has been much talk of how the yellow metal is being affected by global issues, however those iss... Read More
Morning Gold & Silver Market Report, 6/11/2012
GOLD, SILVER PRICES UP ON SPANISH BAILOUT Gold and Silver prices both opened higher Sunday on the announcement this past weekend that Spain agreed to a $125 billion (American dollars) bailout. The devil is always in the details, and although the details of this agreement are still unknown, both equity and Precious Metals markets have reacted favorably. The mone... Read More
Closing Gold & Silver Market Report, 06/08/2012
WILL CENTRAL BANKS SEND GOLD TO $2,000 IN 2012? Jeff Kilburg of Kilburg Capital said he still expects Read More
Mid-Day Gold & Silver Market Report, 6/8/2012
CONCERN FOR EUROPE SPREADS; U.S.A. ECONOMIC SURVEY SHOWS HOPE Gold’s price began dropping Thursday on investors’ disappointment with Federal Reserve Chairman Ben Bernanke’s testimony about America’s economy. Bernanke offered no signal the Fed would stimulate the economy immediately, which frightened the market. Gianclaudio Torlizzi from T-Commodity said, “The outlook for Precious Metals in the medium term... Read More
Morning Gold & Silver Market Report, 6/8/2012
INVESTORS NERVOUS; SPAIN TO REQUEST AID American stock futures are taking a hit this morning, now that investors have had a day to digest the big news from yesterday. Federal Reserve Chairman Ben Bernanke’s reluctance to acknowledge any plans for monetary stimulus had a big effect on market sentiment. China is expected to release e... Read More
Closing Gold & Silver Market Report, 06/07/2012
YEAR-END ‘FISCAL CLIFF’ CONCERNS FED CHAIRMAN The Gold price took a dive today after Federal Reserve Chairman Benjamin Bernanke gave no indication of further monetary easing by the Fed. Bernanke testified before the Joint Economic Committee today. He pressed Congress to pass legislation to avoid the Read More
Mid-Day Gold & Silver Market Report, 06/07/2012
GOLD PRICE DIPS AS FED CHAIRMAN TESTIFIES The Gold price has taken a tumble in midday trading as Federal Reserve Chairman Ben Bernanke refused to tip his hat regarding any new stimulus package. Bernanke indicated that while the central bank is willing to protect the economy from “worsening,” he did not specify what actions (if any) the Fed would take. “The Gold bulls are desperately hoping for further mention of some form of stimulus from the Fed,” sai... Read More
Morning Gold & Silver Market Report, 6/7/2012
CHINESE RATE CUT BOOSTS STOCKS; FED CHIEF TO TESTIFY News from China was driving markets this morning, as the central bank in the country cut interest rates by 25 basis points. Jordan Lambert of Spreadex Ltd. said “The unscheduled rate announcement by the Chinese central bank has been long awaited and has satisfied the growing expect... Read More
Closing Gold & Silver Market Report, 6/6/2012
AMERICAN STOCKS SURGE; GOLD PRICE ALSO HIGHER Precious Metals prices have seen a relatively volatile day but remained in positive territory throughout the day. Many traders are speculating that poor jobs data, renewed optimism that stimulus will be re-introduced, and growing safe haven sentiment are boosting Precious Metals. Chief market strategist Jeff Kleintop said, “While stocks may be nearing an attractive entry point, Read More
Mid-day Gold & Silver Market Report, 6/6/2012
PATIENCE KEY WITH GOLD; ECONOMIC STIMULUS FOR ALL? Gold has had its up and downs in the past few weeks. The market has many investors questioning the long term outlook for the Precious Metal. As with all investments, there will be unknown factors. At present, there is the European economic crisis, the Chinese economic slowdown, and underachieved goals for a better American economy. Read More
Morning Gold & Silver Market Report, 6/6/2012
ECB HOLDS RATES STEADY; SPANISH DEBT SOLUTION IN THE WORKS Precious Metals were holding on to moderate gains this morning, with the Gold price up about 1 percent and Silver up 3 percent. The European Central Bank (ECB) seems to be the major focus today, announcing this morning it would keep its key lending rate unchanged.... Read More
Closing Gold & Silver Market Report, 06/05/2012
INTERNAL SPANISH BAILOUT LABELED ‘TECHNICALLY IMPOSSIBLE’ Spain may be required to accept a bailout soon as that country’s treasury minister told Spanish radio listeners today that it’s “technically impossible” for Spain to bail out itself. Spanish banks are suffering from an overload of debt from the country’s bursting housing bubble that was fueled by cheap in... Read More
Mid-Day Gold & Silver Market Report, 06/05/2012
SPECULATION ON EASING GROWS; EUROPEAN DEBT POOL MENTIONED Gold continues to trade in positive territory today as expectations for some type of monetary easing grow. “We could see some form of easing (or) monetary policy to combat the effect of Europe’s debt crisis on the world economy,” said Tim Gardiner at Toronto-Dominio... Read More
Morning Gold & Silver Market Report – 6/5/2012
SPAIN NEEDS BAILOUT? GOLD IN POSITIVE TERRITORY Precious metals are rising again, largely on safe haven appeal, as concerns in Spain and Greece have not abated and gold imports in China are climbing. HSBC wrote, “Gold prices may be supported by China's growing appetite for bullion, as imports from Hong Kong climbed to record highs. Furthermore, imports of gold coins, wh... Read More
Closing Gold & Silver Market Report, 6/4/2012
OBSERVER SEES QE3 LOOMING; S&P PUTS ODDS ON GREECE EXIT Today, Gold followed the trends of oil and the euro, as all three assets clearly began to strengthen. The safe haven appeal continues to coincide with G... Read More
Closing Gold & Silver Market Report, 6/4/2012
PREDICTION ON QE3 ROLLOUT; S&P FORESEES GREECE EXITING EUROZONE
Today, gold followed the trends of the euro and oil as all three assets clearly began to strengthen. The safe haven appeal continues to coincide with gold as Je... Read More
Mid-Day Gold & Silver Market Report, 6/4/2012
GOLD AWAITS STIMULUS NEWS; AMERICA’S RECOVERY IS SLOW After the biggest one day rally in three years, Gold has cooled for the moment. However, the break in the action may be short lived. After Friday’s weak jobs report came out, the talk of another round of financial stimulus was put back in the spotlight. “Friday’s data has pushed the (focus) straight back to the Federal Reserve, and talk of a possible QE3 is inc... Read More
Morning Gold & Silver Market Report, 6/4/2012
LACKLUSTER JOBS REPORT COULD SPUR MORE EASING The Federal Open Market Committee has never taken QE3 off the table. The possibility of a third round of quantitative easing has remained an option should the circumstances warrant it. Many analysts view Friday’s dismal jobs report as just the sort of circumstance that might trigger the next round of easing. The report’s 69,000 new jobs added was disappointing, but the news was all the more lackluster considering the... Read More
Closing Gold & Silver Market Report, 6/1/2012
GOLD PRICE UP MORE THAN $75 FROM FRIDAY MORNING LOW Gold prices slipped below $1,550 in early morning trading before closing Friday around $1,625. The dismal American jobs report sank stocks around the globe, while Gold again became a safe haven for nervous investors. Gold was up 4 percent on the day. It began the day in negative territory. Is... Read More
Mid-Day Gold & Silver Market Report, 6/1/2012
GOLD, SILVER SOAR AFTER MORNING JOBS REPORT Precious Metals prices were rising after a report indicated only 69,000 new jobs were added for May, pushing the unemployment rate to 8.2 percent. Todd Schoenberger at the BlackBay Group in New York said, “For those lucky enough to have a job, their spending power is sliding when accounting for inflation. The markets will respond negatively to this report.” ... Read More
Morning Gold & Silver Market Report, 6/1/2012
JOBS DATA OUT TODAY MIGHT BENEFIT GOLD In overnight and early morning trading, Precious Metals prices were on the rise ahead of a key jobs data report due for release today. Worries continue to mount over European Union economic issues, and Chinese manufacturing data continues to shrink, but Precious Metals are offering some safe haven protec... Read More
Closing Gold & Silver Market Report, 05/31/2012
TREASURY YIELDS AT ALL TIME LOW AS INVESTORS FLEE RISK Interest rates on 10 year Treasury bonds hit their lowest point ever today as more investors fled risky assets, also driving stocks to continue their recent slump. Interest rates on bonds fall when there is greater demand in the market. “If you look at the global ... Read More
Mid-Day Gold & Silver Market Report, 05/31/2012
BULLISH INVESTORS WAITING FOR GOLD TRIGGER Gold has moved off its morning gains today, as another sharp drop in the euro’s value has investors looking to the United States dollar. Issues with the Spanish banking system, a spike in Italian borrowing expense, and the upcoming Greek elections have fanned the flight to the safety of the dollar. But American economic data is starting to disappoint, with increases in new jobless claims and a sharp drop... Read More
Morning Gold & Silver Market Report, 5/31/2012
EMPLOYMENT DATA DISAPPOINTS; SPAIN HAS CRISES American stock futures and European stocks fell this morning after the release of the monthly jobs report by payroll processor Automatic Data Processing Inc. The report showed a worse than expected gain of 133,000 jobs from April to May, and last month’s numbers were revised down by 6,000. Read More
Closing Gold & Silver Market Report, 5/30/2012
HOUSING DATA, EUROZONE BOOST GOLD’S SAFE HAVEN APPEAL Precious Metals prices have been on quite a journey today. As eurozone issues continued to simmer and disappointing domestic housing data were released, early morning losses were replaced with gains throughout midday and afternoon trading. Portfolio manager James Dailey said, “This morning’s reversal is indicative that people are starting to come to grips with the fact that there isn’t any fast and ... Read More
Mid-Day Gold & Silver Report, 5/30/2012
GOLD AGAIN GAINS ATTENTION; AMERICAN RECOVERY IN QUESTION Gold seems to be keeping up with global events. As the United States dollar gains and the euro falls, Gold prices are being affected. The question is not what has happened in the past, but what the future has in store. There are signs of changes on the horizon, and Gold and Silver prices had started moving up. “People become more aware that the unintended consequence is an environment of negative real int... Read More
Morning Gold & Silver Market Report, 5/30/2012
TROUBLED SPAIN MIGHT EXIT EUROZONE American stock futures and Precious Metals are trading lower this morning in the wake of another credit rating downgrade in Spain. Borrowing costs in that country soared, and it has now become a matter of when, not if, a bailout will be necessary. Reports are also showing that the Europe... Read More
Closing Gold & Silver Market Report, 5/29/12
GOLD GIVES UP STRONG START; AMERICA’S ECONOMIC IMPROVEMENT NOT IMPRESSING CONSUMERS At the opening of today’s market, the outlook for Gold was looking up. The euro showed signs of improvement, gaining ground on the United States dollar. The improvement was short lived. The value of the euro hit its lowest mark in almost two years after Spain’s credit rating was downgraded. “That trade, which is directly tied to the euro weakness and has made Gold so si... Read More
Mid-Day Gold & Silver Market Report, 05/29/2012
SPAIN DOWNGRADE, RISING STOCK MARKET PRESSURING GOLD Gold has turned negative in midday trading as the fallout over downgraded Spanish ratings added strength to the American dollar. A strengthening dollar drives down the demand for dollar-denominated commodities, including Gold. “Gold has a swift and negative reaction to the U.S... Read More
Morning Gold & Silver Market Report, 5/29/2012
GOLD PRICES TIED TO EURO, DOLLAR STRENGTH Through the weekend, Precious Metals prices have remained relatively even, but prices took a quick jump as American markets opened. Precious Metals prices tracked a bit higher as the euro continued to climb back from a nearly two year low against the dollar. Both currencies are susceptible to the ongoing eurozone debt crisis. Commodities consultant Peter Fertig said, “Gold will be in a critical position at leas... Read More
Closing Gold & Silver Market Report, 5/25/2012
METALS RALLY AHEAD OF HOLIDAY; SPAIN FACES BANKING TROUBLE Precious Metals continued to rally through afternoon trading. The euro recouped some losses through the week, which helped boost prices. Gold felt the brunt of investor selloffs in other markets. However, ahead of the holiday weekend, not a lot of position changes were expected with bullion or currencies. The eurozone continues to be the... Read More
Mid-Day Gold & Silver Market Report, 5/25/2012
WEALTH MANAGER SUPPORTS GOLD IN PORTFOLIOS Fluctuations in the Gold price the past two weeks have made investors reluctant to buy the metal. However, Michael Yoshikami, founder and chairman with Destination Wealth Management, spoke with CNBC regarding reasons why Gold should be included in one’s portfolio. Yoshikami takes into account how central banks have most recently become net buyers of Gold to protect themselves and diversify ... Read More
Morning Gold & Silver Market Report, 5/25/2012
EXPECTATIONS OF EURO STIMULUS HOLDS MARKETS Precious Metals, stocks and currencies all seem to be trading quietly this morning. Many investors are expecting the European Central Bank to announce some sort of stimulus or support the markets some other way soon. However, strategists at Barclays said, “The bottom line is that in... Read More
Closing Gold & Silver Market Report, 5/24/2012
PRECIOUS METALS JOSTLED BY CURRENCIES Precious Metals prices have been relatively volatile throughout the day, ultimately settling higher and bringing an end to a downward trend over the past few days. The American dollar was down earlier in the day but rallied through the afternoon. There was also some technical maneuverings ahead of a c... Read More
Mid-Day Gold & Silver Market Report, 05/24/2012
GOLDEN BARRIER SUSPECTED; GREECE URGED TOWARD REFORMS The Gold price is up today as softer than expected U.S. manufacturing data pushed the dollar lower against the euro. Concern over Greece and its potential exit from the eurozone and its economic impact had pushed the euro and Gold to their lowest points in more than four months. “All three times we’ve come close to $1,500 over the last year, starting with the end of December, we’ve had a bounce back... Read More
Morning Gold & Silver Market Report, 5/24/2012
CENTRAL BANKS JUMP BACK ON THE GOLD TRAIN Prices of Precious Metals were boosted this morning by news of purchases from the biggest of spenders. Central banks in Turkey, Ukraine, Mexico, and Kazakhstan increased their Gold holdings in April, according to the International Monetary Fund. Commerzbank AG said, “We regard the centr... Read More
Closing Gold & Silver Report, 5/23/2012
MARKETS FALL AS EUROPEAN FEARS SWELL Gold retreated today as Europe continued to fan flames of fear worldwide. Markets were in selloff mode, as more than two-thirds of stocks on the New York Stock Exchange lost value, and oil prices fell below $80 a barrel for the first time in eight months. “Concerns over the prospects of Gree... Read More
Mid-Day Gold & Silver Report, 5/23/2012
NEW IDEA PROPOSES GREEK CURRENCY; IS GOLD OVERREACTING? Gold’s price drop has been well documented during the past few weeks. Many factors have led to the shift in price. However, in the view of many investors, this is an opportunity, based on a closer look at the numbers. CNBC contributor Dennis Gartman said, “The public is massively bearish, and that tells me it’s time to be bullish.... Read More
Morning Gold & Silver Market Report, 5/23/2012
‘EUROCRAT DINNER’ DRAWING ATTENTION Precious Metals prices are down 1 to 2 percent this morning as investors await news from an informal summit meeting in the eurozone. David Morrison of GFT Markets said, “Although this is little more than a taxpayer funded dinner for eurocrats ahead of the main summit in June, any fur... Read More
Closing Gold & Silver Market Report, 05/22/2012
METALS RETREAT AS DOLLAR CONTINUES TO CLIMB Currency markets pushed the American dollar higher amid dim hopes for a European solution. Kevin Hebner, a foreign exchange strategist for JPMorgan in London, in a note to clients wrote, “For the second time in six months, Greece’s Economic and Monetary Union exit seems imminent.” F... Read More
Mid-Day Gold & Silver Market Report, 05/22/2012
GOLD PRICE SLIDES; HOME SALES FLY Gold continues to have trouble gaining traction in mid day trading, and the Platinum market absorbed news of yet another production disruption in South Africa. While the euro is off last week’s four month low, it is still putting pressure on Gold prices. There is some hope that the upcoming summit could provide some solution to the European debt crisis. “Hav... Read More
Morning Gold & Silver Market Report, 5/22/2012
PRECIOUS METALS CONTINUE TO RIDE EUROZONE TRAIN Concerns out of the eurozone continue to pull down the euro and strengthen the American dollar, thus pulling down prices. Gold in particular has remained relatively fluid within a certain price range of $1,530 to $1,590. However a key price indicator in the short term continues to be $1,600 an ounce. However, euro pressure continues to be in the dr... Read More
Closing Gold & Silver Market Report 5/21/2012
INVESTORS HAVE BEEN SELLING GOLD, BUT CLARITY WILL SUPPORT HIGHER PRICE Some analysts suggest that once the smoke clears in the eurozone, Gold prices could start moving back up. Marcus Grubb, managing director of investment at the World Gold Council, shared his thoughts on future Gold prices, saying, “Gold, used an alternative to the U.S. dollar by investors in search of safety, could see a move higher once markets have greater clarity on a resol... Read More
Mid-Day Gold & Silver Report, 5/21/2012
GOLD SEEN AS PORTFOLIO STABILIZER; MONETARY EASING GAINS STEAM Gold has seen a price drop in the past couple of weeks. This has investors wondering if this is the end of the great run Gold has been on. ANZ’s Nick Trevethan is not ready to say so. “Gold is neither currency nor commodity but deserves to be treated as a unique asset class.” He added, “Gold needs to be seen as a portfolio dive... Read More
Morning Gold & Silver Market Report 5/21/2012
GOLD, SILVER PRICES SLIGHTLY OFF IN MORNING TRADING Markets continue to monitor news coming out of the eurozone. Greece wants a new deal with less austerity, but there are no signs Germany is willing to give in. Of course, Greece is not the only problem. Investors will watch Spanish banks for any signs of additional weakness. There are those who are concerned there could be runs on the banks. Eurozone leaders will meet informally in Brussels, Belgi... Read More
Closing Gold & Silver Market Report 5/18/2012
GOOD DAY FOR GOLD, BAD DAY FOR STOCKS It is generally a safe bet to say that Gold and the American dollar do not move in the same direction, but that trend has not held the past couple of days. Gold bounced sharply off lows, while the dollar continued to go up. Perhaps Gold has decoupled from risk assets and is again attracting investors looking for a safe haven. Certainly there has been disconcerting front page news of late. JPMorgan lost $2 billion and now it ... Read More
Mid-Day Gold & Silver Market Report 5/18/2012
PRECIOUS METALS ON THE RISE; CHINA, GREECE WORRY INVESTORS Precious Metals prices are on the rise following this morning’s trends. The Gold price in particular is increasing, based on speculation the Federal Reserve may announce further stimulus to give the U.S. economy a healthy boost. Investors are reacting to the assumption by purchasing Gold as a hedge against inflation. Edel Tully at UBS AG in London said, “ Read More
Morning Gold & Silver Market Report 5/18/2012
GOLD RISING FOR SECOND DAY; G8 CONFERENCE SET TO START Gold and Silver continue their trek higher this week as prices are on the rise this morning. The economic factors still loom large in regards to the eurozone debt crisis. Analyst Bayram Dincer said, “In this multi crisis environment, we are seeing a change in attitude towards risk in Gold, so we are very optimistic. … We got to the point... Read More
Closing Gold & Silver Market Report – 05/17/2012
GOLD CLOSES HIGHER TO END 4-DAY LOSING STREAK After closing lower for four consecutive trading days, Gold prices rebounded today after hitting a 10-month low. Oil prices continued to declin... Read More
Mid-Day Gold & Silver Market Report – 05/17/2012
GOLD GETS PHYSICAL; DOLLAR CONTINUES GAIN Precious Metals prices have rebounded strongly across the board today as the recent price drop has attracted physical buyers. While the uncertainty in Greece continues to put pressure on the euro, the coming expiration of Gold options on the COMEX is helping lift prices as well. “Since yesterday, we have seen more interest come through from physical buyers … because prices have come down substantially,” said Af... Read More
Morning Gold & Silver Market Report – 5/17/2012
METALS REBOUND; ECB SENDS MESSAGE TO GREECE Precious Metals prices are rebounding this morning, even as American stock futures are recouping losses following the jobless claims report. The report showed that claims held steady with last week’s revised figure of 370,000 new claims filed. The four-week moving average, h... Read More
Closing Gold & Silver Market Report – 5/16/2012
FED REMAINS OPEN TO EASING; GREEK BANKING COLLAPSE POSSIBLE Precious Metals prices are down on technical selling, and stock markets also are down, as fears of a Greek exit from the euro increase. Those fears are so pronounced that in certain circles it has been given the moniker “Grexit.” Those fears have investors shifting their assets into the United States dollar. Robin Bahr said, “Clearl... Read More
Mid-Day Gold & Silver Market Report – 05/16/2012
GOLD, COMMODITIES FEELING PRESSURE; GREEK BANKERS WORRIED Greek turmoil has pushed Gold prices down for a fourth straight day. Industrial commodities such as copper and oil also are under pressure from the rising dollar. With growing fears over Greece’s possible exit from the euro and over the debt crisis facing the remaining European nations, investors increasingly are shifting assets to the United States dollar. “It’s difficult to see a turnaround ju... Read More
Morning Gold & Silver Market Report – 5/16/2012
GOLD PRICE AWAITS FED ACTION; GOLDMAN SACHS PREDICTS RISE Precious Metals have extended their price decline this morning, and Bill Greiner of Mariner Wealth Advisors said that it has much to do with the Federal Reserve. “It’s highly possible that we’ll see Gold and commodities in general continue to drift down until the Fed steps in ... Read More
Closing Gold & Silver Market Report – 5/15/2012
EURO TUMBLES AS GREEKS WILL HEAD BACK TO POLLS After weeks of infighting and deadlock among Greek politicians, party leaders declared their inability to form a unified government. The nation will return to the voting booth to reshuffle the deck again in an election that will essentially amount to a referendum on whether Greece s... Read More
Mid-Day Gold & Silver Market Report – 5/15/2012
GOLD’S PRICE FAVORS CONSUMERS; AMERICAN DOLLAR STRONGER As we have seen over the past two weeks, the Precious Metals market has seen a price decrease. There have been many global factors affecting the market. The lower market has not gone unnoticed by investors. Demand from major Asian consumers is strong. “Refiners can’t deliver imme... Read More
Morning Gold & Silver Market Report – 5/15/2012
EUROZONE FEARS PERMEATE PRECIOUS METALS MARKET Precious Metals prices remained relatively steady in overnight trading. Physical demand and better-than-expected German economic data helped maintain prices overnight, but concerns continue over Greece’s role and whether it will stay in the eurozone, adding to the volatile currency market. In a note to its customers, broker Marex Spectron said, “When German GDP came in at 0.5 percent, a lot higher than exp... Read More
Closing Gold & Silver Market Report 5/14/2012
POLITICAL TURMOIL IN GREECE SUGGESTS POSSIBLE EURO EXIT
Gold has erased all of its gains earned in 2012, thanks to the current financial situation in Europe. The eurozone’s economic and political crises haves been affecting global markets during the past week. “Worries about Europe are pushing people to the dollar,” said... Read More
Mid-Day Gold & Silver Market Report – 5/14/2012
GOLD’S LONG-TERM ENDURANCE TOUTED; AMERICA RECORDS BUDGET SURPLUS The Gold price has dropped to a low not seen since 2008. When this happened in the past, it made investing in the Precious Metal a great opportunity. The short-term outlook does not seem to show much change, as long as the situation in Europe continues and the United States’ economy keeps moving upward. However, “On a long-term basis, Read More
Morning Gold & Silver Market Report – 5/14/2012
GOLD DROPS TO 4.5-MONTH LOW ON FALLING EURO The European debt crisis continues to cause more and more concern, especially after the political deadlock in Greece over the weekend. Gold prices have been moving in tandem with riskier assets for much of the past year, and this European economic uncertainty is fueling movement away from riskie... 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.
