Precious Metals Market Reports
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
Closing Gold & Silver Market Report – 5/11/2012
GOLD, SILVER PRICES FALL INTO WEEKEND Uncertainty. We are in the middle of one story after another that makes an investor wonder which side is up. JPMorgan reported $2.2 billion in losses. Chesapeake Energy continues to get hammered after questionable acts by its chief executive. No wonder we live in a time of lacking trust. David Darst, chief strategist at Morgan Stanley, spoke of this inves... Read More
Mid-Day Gold & Silver Market Report - 5/11/2012
GOOD NEWS FOR GOLD; PIMCO CALLS FOR QE3 Good news for Gold prices surfaced when a survey conducted by Bloomberg showed that 14 of 32 analysts anticipate prices to gain next week. The Gold price is currently being affected by the political uproar in Europe, which is pushing the euro down, and positive American economic ne... Read More
Morning Gold & Silver Market Report – 5/11/2012
JPMORGAN LOSS ROCKS FINANCIAL MARKETS Precious Metals prices were down in morning trading, largely on technical selling to cover positions, as financial stocks are reeling over the reported loss by JPMorgan. Speaking about Gold, Phillip Futures analyst Lynette Tan said, “The increase we saw yesterday was a bit of bargain hunting from a three-day losing streak.” However, other Precious ... Read More
Closing Gold & Silver Market Report - 05/10/2012
GOLD SNAPS SLIDE Precious Metals were looking to close the day mixed, with Gold snapping a three-day losing streak. Easing concerns over the Spanish debt market and Greece securing funds needed for bond payments strengthened the euro. Hopes of more American monetary easing are fading after a run of positive economic data. “Gold has behaved closer to risky assets rather than differentiating itself as a safe-haven asset and has been winded by the possibi... Read More
Mid-Day Gold & Silver Market Report – 5/10/2012
ANOTHER GREEK VOTE LIKELY; GOLD STEADY Precious Metals remained relatively steady through the morning. The strength of the United States dollar continues to affect prices, as well as the lingering eurozone debt crisis. Sharps Pixley’s Ross Norman said, “At this particular moment, Gold is telling us the economic crisis in Europe has had a seismic shift. The fact that Gold has collapsed is not surprising. It’s Read More
Morning Gold & Silver Market Report – 5/10/2012
DATA ALLOW EURO TO SLIP INTO BACKGROUND Gold and Silver prices had recovered from early morning losses, and were hovering close to Wednesday’s closing marks. A slew of data were released this morning. In the United States, jobless claim numbers were slightly above expected levels after revisions to last week’s... Read More
Closing Gold & Silver Market Report - 5/9/2012
BOOST TO AMERICAN DOLLAR ADDS TO ECONOMIC IMPROVEMENT As the value of the American dollar continued to climb today on Europe’s fiscal worries, it pushed the Gold price down for the day. Silver fell to its lowest price since January. Frank Lesh at FuturePath Trading said, “Currency markets tend to rule in commodities, and Read More
Mid-Day Gold & Silver Report – 5/9/2012
AMERICA CAN LEARN FROM EURO MISTAKES; INVESTORS IGNORING POSITIVE GOLD NEWS? The Precious Metals markets continued their downward trend today. The decrease in prices can be linked to two key factors. First, the economic and political issues around the globe have played a major role. Secondly, the United States dollar has risen in value to a point not seen since 2008. Read More
Morning Gold & Silver Market Report – 5/9/2012
GREEK TURMOIL FANS EURO DEBT CRISIS Precious Metals prices were down in overnight and morning trading. Gold in particular is falling due to the immediacy of the European debt crisis. Between changes in leadership, ultimatums and downgrades, the euro again is on shaky ground. Nic Brown of Natixis said, “It’s not as though the escalation of the political risk in Europe is doing anything positive for Gold prices at all, and this is totally different to ho... Read More
Closing Gold & Silver Market Report - 05/08/2012
GOLD PRESSURED AS DOLLAR RALLIES The Gold price closed down, as concerns over the eurozone debt crisis led to heavy trading today. The change in French leadership and uncertainty in Greece put strong pressure on the euro. The growing concern is that Greece will fail to comply with the requirements of its bailout plan, and then whether Europe will then provide the billions of euros needed to prop up Greece. The drop in the euro rallied Treasuries in the... Read More
Mid-Day Gold & Silver Market Report – 5/8/2012
EUROZONE CRISIS REARS ITS HEAD AGAIN Precious Metals prices have been down throughout the morning trading session, largely on technical selling and the growing European Union debt crisis. The euro is trading at its lowest levels since January. The uncertainty has led to a rise in strength of the United States dollar. Daniel Smith of Standard Chartered said, “What we’ve seen in recent weeks is rallies have been increasingly weaker on the upside, and that is a warning that we are goi... Read More
Morning Gold & Silver Market Report – 5/8/2012
HEDGE FUND MANAGER: BEWARE ‘TAXMAGEDDON!’ Precious metals and stocks across the globe are trading lower this morning amid the renewed concerns in Europe. Mike McCudden of Interactive Investor explained, “With the sight of yet more roadblocks on the road to recovery for the euro zone, investors hoping for some positive surprises ... Read More
Closing Gold & Silver Market Report - 5/7/2012
‘GOLD BUGS’ FAVOR THE PRECIOUS YELLOW ASSET Investors are aware that Gold is a safe haven, but Warren Buffett, a well-known American business magnate, has made it apparent he does not invest in Precious Metals. However, Michael Pento, founder of Pento Portfolio Strategies, gave some interesting facts regarding why “Gold bugs” are choosing the alternative asset rather than following advice from Warren Buffett or Bill Gates. Pento said, “The stock market has gone ... Read More
Mid-Day Gold & Silver Market Report – 5/7/2012
GOLD TAX REMOVED IN INDIA; FED STILL OPEN TO EASING With the Gold price slightly down, that Precious Metal is in need of a pick-me-up. One of the leading Gold importing nations has done just that. In March, retailers in India went on strike as the government added new taxes on them. Today, that tax has been removed. “Gold demand will likely imp... Read More
Morning Gold & Silver Market Report – 5/7/2012
GREEK, FRENCH ELECTIONS SEND EURO, GOLD LOWER Precious Metals prices were lower, along with stocks, around the globe. The dollar was up, thanks to investors fleeing the euro in search of safety. Weekend elections in the eurozone have many investors concerned. Elections in Greece and France showed a lack of acceptance of needed austerity mea... Read More
Closing Gold & Silver Market Report – 5/4/2012
PRECIOUS METALS RISE AS OIL AND JOBS DATA DISAPPOINT Precious metals are up in afternoon trading. Gold in particular is up after the rather disappointing non-farm payroll report was released. The weaker economy spurs thoughts of possible quantitative easing being back on the table. Fed Chairman Ben Bernanke "had said QE3 is going to be dependent on the incoming data. Next time when he speaks he's going to reemphasize that the Fed is willing to do more," said Axel Merk. He... Read More
Mid-Day Gold & Silver Market Report - 5/4/2012
FISCAL POLICY CRUCIAL IN AMERICAN RECOVERY Precious Metals prices were slow to move in this morning’s trading. The goal of creating 170,000 jobs for April was not reached, as an employment report earlier today showed only 119,000 jobs had been added. Addressing America’s economy, Robin Bhar at Societe Generate said, “The numbers were less than consensus but beat some more bearish expectations. The $64 million question is what it means for quantitative easi... Read More
Morning Gold & Silver Market Report – 5/4/2012
JOB NUMBERS DISAPPOINT; GREECE IN TROUBLE AGAIN Precious Metals prices recovered from early losses this morning after the release of April’s employment report by Automatic Data Processing Inc. The report showed that the economy added 119,000 jobs in April, while economists had anticipated the addition of 160,000 jobs... Read More
Closing Gold & Silver Market Report – 05/03/2012
GOLD PRICE, S&P BOTH LOSE GROUND The Gold price was set to close down again today, as falling crude oil prices and concern over American service sector data pushed the metal’s price down nearly 1 percent. A strong employment market reading Friday could add to the downward pressure, as it would likely reduce the likelihood of any stimulus actions by the Federal Reserve. “Things will have to look very weak tomorrow morning to see any upside momentum come back.... Read More
Mid-Day Gold & Silver Market Report – 5/3/2012
ECB RECOVERY FALTERING; U.S.A.–CHINA STRAIN CONTINUES Precious metals prices were lower this morning, as better-than-expected jobs data was released, and the euro’s value dropped on renewed sovereign debt crisis concerns. In a note to its investors, Natixis said, “Since the beginning of the year, mint sales in the United States have dropped considerably, indicating a disinterest in the metal on behalf of American retail investors. China’s two principal... Read More
Morning Gold & Silver Market Report – 5/3/2012
POLL SHOWS SAFEST LONG-TERM INVESTMENT IS GOLD The Gold price is continuing its trend of inversely tracking the American dollar this morning. The dollar is up due to a better-than-expected jobless claims report and less-than-stellar news out of Europe, which is holding the euro in place. While the four-week moving av... Read More
Closing Gold & Silver Market Report - 5/2/2012
MARKET NOT SURE HOW TO REACT; GOOD NEWS FOR GREECE As active members of the Federal Open Market Committee shared their thoughts about the American economy and Gold demand decreased in India, the yellow metal took a step back in price this week. India has imported 90 tons less in April than it had the same time last year. The number of jobs that were created by American employers was less than expected. Frank McGhee at Integrated Brokerage Services, LLC... Read More
Mid-Day Gold & Silver Report – 5/2/2012
GOLD MINING PRODUCES BIG PROFIT; BALANCE A KEY ISSUE IN U.S. BUDGET Gold prices are down due to the U.S.A. dollar gaining and the Federal Reserve backing off talk of more monetary easing. However, the spot price is continuing steady as it did for most of April. There are also reports that show the physical demand for gold is strong. The world’s largest producer of gold reported a 2.8% profit increase in the first quarter of 2012. Barrick Gold Corp. out of Toronto reports an 18% in... Read More
Morning Gold & Silver Market Report – 5/2/2012
JOB CREATION WEAKER THAN EXPECTED; CHINA DEMANDS APOLOGY Precious metals have remained relatively steady in overnight trading. Stock markets are down on less-than-stellar jobs data. A popular topic among investors is the steadiness that precious metals prices have had over the past few days and weeks. One metals strategist said, “Gold will probably be sitting in limbo for a... Read More
Closing Gold & Silver Market Report - 5/1/2012
METALS SHOW LITTLE MOVEMENT; FED OFFICIALS RAISE CONCERNS Precious metals prices have remained steady in afternoon trading, as the majority of world markets are closed in observance of May Day. United States manufacturing data released today is still a plus in the eyes of investors; stock markets were up, but metals remained relatively flat. Read More
Mid-Day Gold & Silver Market Report – 5/1/2012
PRECIOUS METALS PRICES STABLE; MANUFACTURING INDEX HIGHER Precious metals prices remained relatively stable through morning trading. The dollar rallied on better-than-expected manufacturing data. The inverse relationship between the dollar and Gold continues. The better results dampen any expectations of further quantitative easing measures in the near term, which stabilizes Gold prices. HSBC analyst James Steel said, “The bullion mar... Read More
Morning Gold & Silver Market Report – 5/1/2012
ECONOMIC DATA IN FOCUS; ECONOMIST BLASTS FEDERAL RESERVE All eyes are on economic data today. As investors await the reports, the dollar is down, so Gold and Silver prices are on the upswing. A key U.S.A. manufacturing index is set for release at 10 a.m. (EDT), and economists expect a slight drop to 53.3 percent. A read... Read More
Closing Gold & Silver Market Report - 4/30/2012
SPAIN URGED TO RESTRUCTURE NOW; AMERICA IN ‘LATE GREAT DEPRESSION’ Gold’s price recovered from early losses today as the focus in the eurozone debt crisis shifted to Spain. The financial circumstances surrounding Europe and the United States are looking optimistic for the Gold price, analysts said. “Investors will continue to seek refuge in its safe-haven status. Standard and Poor's cut the top-notch credit rating for the U.S. The debt crisis app... Read More
Mid-Day Gold & Silver Report – 4/30/2012
GOLD PRICE BACK NEAR EVEN; COMMERCE DEPARTMENT SHARES MIXED VIEW The Gold price stayed mostly steady for the first half of Monday. The price lowered this morning based on the strength of the American dollar. Later in the morning, information was released that softened Gold’s price drop. With less growth in the United States and a higher expectation for quantit... Read More
Morning Gold & Silver Market Report – 4/30/2012
GOLD, SILVER PRICES DROP SHARPLY Stock futures were unchanged, while the precious metals markets turned sharply lower in morning trading. The news that the Spanish economy is officially in a recession certainly puts a damper on the markets. Austerity programs and spending cuts make it unclear when the economy might ever begin to turn around. Spain is the eurozone’s fourth-largest economy, and it is un... Read More
Closing Gold & Silver Market Report – 4/27/2012
GOLD, SILVER CLOSE WEEK ON HIGH NOTE While many investors might have anticipated a retreat in Gold and Silver prices, this week ended on an up note, and many people believe that is an indicator of things to come. The situation in Europe is truly turning for the worse, as Spain’s woes would seem too big for the European Union to bail out. This writer wou... Read More
Mid-Day Gold & Silver Report – 4/27/2012
GOLD PRICE RISES; CHINESE FINANCIAL REFORM URGED Gold prices have risen to a two-week high today. Over the past month, the yellow metal has been steady between $1,610 and 1,680 per oz. The climb in price is a direct result of the worse-than-expected American economic forecast. However, Gold remains in the same range as it has been for... Read More
Morning Gold & Silver Market Report – 4/27/2012
GDP MISSES EXPECTATIONS IN AMERICA; SPAIN IN ‘HUGE’ CRISIS Another day, another round of disappointing economic data in the United States. After 3 percent economic growth in the fourth quarter of 2011, 2012’s first quarter saw growth of just 2.2 percent. Stock futures and precious metals reversed course after the release of the report, with stock futures giving up gains and Gold all bu... Read More
Closing Gold & Silver Market Report – 04/26/2012
GOLD FINISHES STRONGER, ALONG WITH OIL FUTURES Gold closed the day strongly in the positive, following the broader markets, thanks to positive corporate results and a strong housing report. First-time unemployment claims appeared unchanged this week. However, the longer-term gauge peaked, putting pressure on the dollar. “The message out of the Fed didn’t really change much. We had a little sell-off immediately after the statement came out, Read More
Mid-Day Gold & Silver Market Report - 4/26/2012
U.S.A. JOB MARKET INCONSISTENT; ECONOMIC CONFIDENCE IN EUROZONE DROPS The thought of further economic stimulus in the United States is frightening to some, but may be needed to ensure a boost to the financial system. Unsatisfactory jobless claims reported this morning has pushed the Gold price up and the U.S.A. dollar down, as they usually have a negative correlation with one another. James Cordier at OptionSellers.com said, “The Read More
Morning Gold & Silver Market Report – 4/26/2012
JOBLESS CLAIMS LIFT METAL PRICES; ANSWER TO EUROZONE CRISIS IS SIMPLE Precious metals are rebounding this morning as the dollar hit a three week low, and new unemployment claims missed expectations again. The Federal Reserve meeting Wednesday seemed to help the eurozone more than the American economy. Credit Suisse analyst Tom Kendall said,... Read More
Closing Gold & Silver Market Report - 4/25/2012
DOZEN COUNTRIES HIKE GOLD RESERVES IN MARCH, STATS SHOW Gold’s price moved slightly once the Federal Reserve’s statement was released at 12:30 p.m. (EDT). The statement said economic growth is moderate, and housing is lingering at a depressed level. However, Gold regained strength and is now stable. The International Monetary Fund reported its latest statistics, which show that at leas... Read More
Mid-Day Gold and Silver Market Report – 4/25/2012
CENTRAL BANKS STOCKPILING; IRAN SANCTIONS COULD DRIVE GOLD The Gold price had not moved much thanks to economic factors in Europe and a lack of demand from India. However, lack of demand has not been the case with the world’s central banks. According to the World Gold Council, many countries are boosting their reserves of ... Read More
Morning Gold & Silver Market Report – 4/25/2012
FED MEETING HAS METALS IN HOLDING PATTERN; U.K. DOUBLE DIP ALARMING Precious metals prices remained relatively steady in overnight trading. The dollar experienced a bit of a slide that helped Gold hold steady. However, there seems to be a serious wait and see ahead of today’s Federal Open Market Committee meeting. BNP Paribas analyst Anne-Laure Tremblay said, “The Federal Open Market Committ... Read More
Closing Gold & Silver Market Report - 04/24/2012
GOLD TRAPPED IN WAITING GAME; DOWNGRADE WAS NO ERROR The Gold price finished the day higher but was blunted some by selling pressure ahead of an option expiration, and some uncertainty over the Federal Reserve’s policy meeting. Investors appear to be waiting for the meeting’s outcome, as trading was below average again. “Right now, the long... Read More
Mid-Day Gold & Silver Market Report – 4/24/2012
FEDERAL RESERVE BIDING TIME BEFORE DECISION ON QE Gold prices are down slightly from this morning, though still up approximately 0.6 percent. Relatively decent news of stability in Europe has caused the euro to increase in value, pushing the dollar down, so investors are looking again toward gold. Silver has also come... Read More
Morning Gold & Silver Market Report – 4/24/2012
TWO-DAY FED MEETING STARTS TODAY Economic data out of the United States today will be the major focus for investors, along with the start of a two-day Federal Open Market Committee meeting. United States stock futures are higher this morning, so it appears investors are awaiting good news to come from one of the two. Faw... Read More
Closing Gold & Silver Market Report - 4/23/2012
ANALYST STAYS POSITIVE ON AMERICAN ECONOMY As the dollar strengthened today, it pushed the price of Gold down just a bit. But Gold put up a good fight and has remained steady since the Mid-Day Gold & Silver Market Report. Frank McGhee at Integrated Brokerage Services reflected on the market and how investors are responding. McGhee sa... Read More
Mid–Day Gold & Silver Market Report – April 23, 2012
GOLD PRICE STEADY AHEAD OF REPORTS; GOLDEN HOLIDAY ARRIVES IN INDIA Gold has started the week with little flair. Prices have remained close to even, awaiting this week’s economic reports. The United States Federal Reserve will hold a policy meeting later this week. The hot topic again will be the chances for further monetary easing in the future. Read More
Morning Gold & Silver Market Report - 4/23/2012
GOLD PRICES FALL ALONG WITH STOCK FUTURES European concerns again are taking center stage, as attention is focused on the French presidential election and the potential political and economic collapse in the Netherlands. In France, Socialist leader Francois Hollande won the first round of elections over incumbent Nicolas Sarkozy. The markets widely viewed an election won by the challenger as a blow to... Read More
Closing Gold & Silver Market Report - 4/20/2012
GOVERNMENTS COMMIT TO BOOST INTERNATIONAL MONETARY FUND There was little afternoon movement in Precious Metals prices, following the day’s trends. Gold’s price was stable throughout the day with the anticipation from investors of next week’s Federal Reserve policy meeting, along with this weekend’s International Monetary Fund and World Bank meetings, which will outline the future of the eurozone debt crisis. “ Read More
Mid–Day Gold & Silver Market Report – April 20, 2012
WILL ECONOMY RELAPSE IN SPRING? Some of the same factors that interrupted the economic recovery in 2010 and 2011 are beginning to fuel concerns that this past winter’s good economic news might soon fade. The yields on European bonds are beginning to climb. As the European debt crisis begins to look more fragile, countries are paying more to borrow money, which is not a good thing when one is alr... Read More
Morning Gold & Silver Market Report – 4/20/2012
FRENCH ELECTION: WILL NEXT PRESIDENT PLAY NICE WITH GERMANY? Gold has extended gains from yesterday as investors are focused on a pivotal election in France. Incumbent President Nicolas Sarkozy’s chances of being re-elected are dwindling, and many investors are afraid that his replacement could further hurt France’s troub... Read More
Closing Gold & Silver Market Report 04/19/2012
BULLION PRICES DIP IN EUROPE; CLOCK TICKING ON BANK RULE Concerns over the American job market and questionable European debt pushed Gold to a fifth consecutive loss in European trading Thursday. Disappointing jobless data for the United States and fears over France’s debt rating pushed Wall Street down, and bullion was pulled down with it. Gold also has seen a drop in trading volume. “With the perception that the major economies of the world have thei... Read More
Mid-Day Gold & Silver Market Report – 4/19/2012
DOLLAR GAINS; EURO CONCERNS DEEPEN Precious metals had their share of volatility this morning. The dollar is again on the rise due to the volatility of the eurozone. Daniel Briesmann said, “Gold is moving in line with 'riskier' asset classes, and given higher risk aversion and growing uncertainty, prices are moving lower. … And since the dollar is stronger again today, that’s also weighing on the price of Gold.” However, LGT Capital Management's Bayram Dince... Read More
Morning Gold & Silver Market Report – 4/19/2012
EUROZONE CONCERNS WEIGH ON EURO, OIL, GOLD Gold and Silver prices are down slightly this morning, thanks to falling oil prices and a stronger United States dollar. Earnings reports are giving U.S.A. stock futures a boost, with many major companies coming in ahead of expectations. David Morrison of GFT Markets wrote, “This ne... Read More
Closing Gold & Silver Market Report 4/18/2012
ANALYST SEES MARKET AS ‘ACCIDENT PRONE’ Precious metals prices remained down across the board, following morning and midday trends. Asia’s physical demand for Gold is down now. James Steel, chief commodity analyst at HSBC, said, “The lack of physical demand in Asia was an issue. We haven’t seen India come back heavily after the end of the jeweler strike. And volume was low, so Read More
Mid-Day Gold and Silver Report – 4/18/2012
GOLD HAS SHINING FIRST QUARTER; MAJOR TEST FOR U.S.A. AWAITS Gold had a big first quarter of 2012. Many investors decided to change to commodities based exchange traded funds due to global growth. The European debt crisis also had an effect on the metal. Gold, at $3.6 billion in investment inflow, also showed more movement than non precious metals, at $3.1 billion, in the first quarter. U.S.A... Read More
Morning Gold & Silver Market Report – 4/18/2012
SPAIN, ITALY SEEM TO BE SLIPPING BACKWARD Precious metals prices are lower this morning due to pressure on currencies from worries in the eurozone, and there’s a feeling of complacency about metals ahead of next week’s Federal Open Market Committee meeting. UBS’s Edel Tully said, “Gold price action has become stale, with conviction in either direction remaining remarkably low. The yellow metal could certainly Read More
Closing Gold & Silver Market Report 04/17/2012
GOLD POISED TO CLOSE HIGHER; BRENT CRUDE LOWER The Gold price appeared poised to close higher, which would snap a two session run of lower pricing. Gold recently had been moving down along with broader markets over concerns that Spain may have trouble repaying its debt. If this concern continues to grow, it could push Gold back to a more negative correlation to riskier assets, and boost Gold... Read More
Mid-Day Gold & Silver Market Report – 4/17/2012
IMF HAS POSITIVE OUTLOOK; SPAIN HAVING ISSUES Precious metals prices have been on the move this morning, with swings in pricing and now moving higher. The prevailing fear continues to encase the uncertainty revolving Spain’s debt issues. In a note to its investors, VTB Capital said, “Many still doubt that Madrid can implement the necessary budget cuts without the situation spiraling out of proportion in an economy that is already suffering from h... Read More
Morning Gold & Silver Market Report – 4/17/2012
EUROZONE DEBT ISSUES BOOST GOLD’S SAFE-HAVEN APPEAL Gold and Silver are trading modestly higher this morning. Concerns over the eurozone debt crisis have surfaced again, prompting investors to take another look at Gold as an insurance policy within a portfolio. Oil took an opportunity to gain, as well, as U.S. retail ... Read More
Closing Gold & Silver Market Report 4/16/2012
SPAIN LIKELY NEXT EUROZONE DOMINO; WORLD BANK ELECTS PRESIDENT A market sentiment survey conducted by CNBC shows U.S. crude oil futures should be stable this week, unless Iran’s nuclear program becomes a worry in the headlines again. “If tensions with Iran cool somewhat, I would anticipate the focus shifting to the improving supply/demand balance, and we could see a strong move to the downside o... Read More
Mid-Day Gold & Silver Market Report – 4/16/2012
GOLD TAKING CUE FROM DOLLAR; GOLD HELPING WITH JOBS? Wall Street opened strong as banks are showing improvement. U.S. retail sales also helped the market’s upswing. Eighty-six S&P 500 companies are set to report their first-quarter results this week, which likely will set the tone for the near future. As of Friday, 32 companies had given their reports, and 75 perc... Read More
Morning Gold & Silver Market Report – 4/16/2012
GOLD PRICE DIPS ON SPAIN CONCERNS Gold prices were heading lower this morning as the financial situation in Spain continues to cause investor concern. As fears intensify, it is likely that Spain’s debt costs during this week’s bond auction will rise. This decreased appetite for higher risk is driving the euro lower, allowing the U.S. dollar to gain s... Read More
Closing Gold & Silver Market Report – 4/13/2012
CHINA SETS OFF LINE OF DOMINOES Economic data out of China seems to be the reason for the drop in precious metals’ prices today. Like a line of dominoes, a sharper-than-expected slowing of growth in the country made way for a stronger dollar, which put pressure on the price of commodities across the board. Even aft... Read More
Mid-Day Gold & Silver Market Report 4/13/2012
GOLD’S ABILITY TO DIVERSIFY PORTFOLIO AND LIQUIDITY DRAW PRAISES What is driving the Gold market? Appearing on CNBC, Juan Carlos Artigas from the World Gold Council stat... Read More
Morning Gold & Silver Market Report – 4/13/2012
CONSUMER PRICE INDEX UP 0.3% IN MARCH The Consumer Price Index rose less than 0.4 percent for February, but the index is on pace for a 3.6 percent increase for the entire year. Gasoline costs went up by 0.9 percent. These numbers should increase speculation that the Federal Reserve might have cause to step in again to boost the economy. Gold and Silver prices were heading sharply lower, but both had b... Read More
Closing Gold & Silver Market Report – 4/12/2012
CHINA’S CENTRAL BANK BUYING GOLD? Precious metals prices enjoyed a bounce-back day primarily on technical buying. RBC’s George Gero said, “People decided they wanted to get back into the market. People who thought we’d have a back-and-forth today were on the wrong side. You can search for news, but you’ll come up empty-handed.” The jobless claims data supposes there could be another round of... Read More
Mid-Day Gold & Silver Market Report – 4/12/2012
EXPERTS KEEP SPAIN IN CROSSHAIRS; FED REPORT POSITIVE Gold has taken over the top spot in price per ounce over Platinum, and many factors are contributing to that. Past events have led to this hierarchy, but those events were temporary. It’s possible this is a new normal for the relationship between Gold and Platinum, ... Read More
Morning Gold & Silver Market Report – 4/12/2012
JOBLESS CLAIMS REPORT REVERSES TRENDS In early morning trading, Gold and Silver were down about 0.5 percent, U.S. stock futures were up modestly, and the euro was holding a mild gain on the U.S. dollar. After the release of the weekly jobless claims report, all of that changed. Gold and Silver either trimmed ... Read More
Closing Gold & Silver Report 4/11/2012
U.S. BUDGET DEFICIT WIDENS; N. KOREA PRESSES TOWARD ROCKET LAUNCH Gold prices are still trading below opening levels and may snap a four-session streak of price gains. Investment in Gold has dropped off since late-February highs as investors appear to be looking for more definitive reasons to keep buying. “The broader macro environment still remains positive. In the near term, the floor will... Read More
Mid-Day Gold & Silver Market Report 4/11/2012
2013 GOLD OUTLOOK POSITIVE; INVESTORS STEER AWAY FROM SPAIN The outlook for Gold remains positive for 2013, even though 2012 already has been difficult for the metal due to various debt crises in Europe and the indefinite U.S. financial and economic recovery. GFMS Chairman Philip Klapwijk said, “We are expecting still that we are going to see a push above $2,000 in... Read More
Morning Gold & Silver Market Report – 4/11/2012
EUROZONE WORRIES MOUNT; LEADERSHIP QUESTIONS ARISE IN CHINA Precious metals prices have held relatively steady this morning, despite the Indonesian earthquakes and heightened concerns in the eurozone. But European concerns and their byproduct of easy monetary policy would be viewed as good for Gold. Standard Bank’s Walter de Wet said, “If there are credit concerns, we think Gold will benefit... Read More
Closing Gold & Silver Report 4/10/2012
GOLD’S SAFE-HAVEN APPEAL RETURNS; OIL PRICES TO SLOW EUROPE The Gold price continues to rise as the yellow metal’s safe-haven appeal is returning. Analysts at Barclays commented on how jewelers in India have reopened retail stores after a 20-day strike over a possible increase in taxes on non-branded Gold purchases. and how the stores being open a... Read More
Mid-Day Gold & Silver Market Report – 4/10/2012
JOB OPENINGS RISE IN U.S.; NORTH KOREA NOT STANDING DOWN Precious metals prices have been trading rather briskly today, with the Gold price staying relatively close to $1,655 mark after swinging lower at mid-morning. Economic pressures, foreign and domestic, continue to prey on prices of precious metals. Commerzbank’s Eugene Weinberg said, “I think that for another couple of months Gold is likely to stay under pressure … but looking forward, by the end... Read More
Morning Gold & Silver Market Report – 4/10/2012
STRING OF BAD DATA BOOSTS DEMAND FOR METALS Demand for Gold and Silver is pushing prices upward at the moment after missed estimates on economic data. Federal Reserve Chairman Ben Bernanke said the U.S. economy is “far from having fully recovered,” speaking in regard to the disappointing jobs report released Friday. In addition, China u... Read More
Closing Gold & Silver Market Report 4/9/2012
CRUDE OIL PRICES DOWN; SYRIA’S PEACE PLAN IS VOID Gold held on to its gains for the day after unsatisfactory U.S. jobs data was released Friday. Many investors are predicting the data may lead to more U.S. economic stimulus measures. “In the next few months, the market will not only begin to price in the Fed’s sustained policy but will price in for furt... Read More
Mid-Day Gold & Silver Market Report – 04/09/2012
GOLD FINDS SUPPORT ON WEAK JOBS DATA; CHINA WARY OF INFLATION Friday’s disappointing U.S. jobs data continued to support higher Gold prices through midday trading. Friday’s report indicated fewer workers were hired by U.S. employers in March, reviving hopes that monetary easing might again be in the cards. For the first time since November, hiring fell below 200,000. Overall, the current low interest rate environment Read More
Morning Gold & Silver Market Report- 4/9/2012
WEAK JOBS REPORTS MOVE STOCKS LOWER, GOLD UP Markets were closed Friday, when the dismal jobs report was released. It was expected that equity markets would open weak and Gold prices would climb today, and this is exactly what appears to be happening. The disappointing jobs report has increased expectations that the Fed may be forced into Read More
Closing Gold & Silver Market Report – 4/6/2012
MARKETS CLOSED; WHAT WILL SUNDAY BRING? There is no doubt that today’s weak jobs report is going to affect markets once they open after the holidays. U.S. stock futures plunged triple digits after this morning’s jobs report was released. The U.S. stock market will open at 8 a.m. (CDT) Monday, while Gold and Silver markets will re-open at 5 p.m. (CDT) Sunday. Gold and Silver prices recently dropped to ... Read More
Mid-Day Gold & Silver Market Report 4/6/2012
MARKETS CLOSED TODAY; EURO FEELS EFFECT OF SPAIN’S FINANCIAL ISSUES With yesterday’s report that fewer jobs were created in the U.S. than had been forecasted, the Federal Reserve might reconsider implementing a stimulus plan to promote growth. “There’s going to be this feeling that the Fed’s minutes, that said easing was off the table, is not going to pan out,” said Michael Gayed, the chief investment strategist who helps oversee $150 million at New York-based P... Read More
Morning Gold & Silver Market Report – 4/6/2012
MARKETS CLOSED TODAY; ADP JOBS REPORT WELL BELOW EXPECTATIONS Though markets are closed today, U.S. stock futures may offer clues about movement after the weekend. After the ADP Jobs Report was released this morning, U.S. stock futures plummeted. Expectations were that trends would hold steady and the report would show 210,000 jobs added in March. Read More
Closing Gold & Silver Market Report – 4/5/2012
BARGAIN HUNTERS BOOST GOLD, SILVER PRICES; EUROZONE FEARS FLARE UP Bargain hunters took advantage of lower prices for Gold and Silver today, helping both metals to end the day in positive territory. After signs from the Federal Reserve yesterday indicating that another round of quantitative easing is unlikely soon, precious metals prices dipped. Read More
Mid-Day Gold & Silver Market Report – 4/5/2012
GOLD PRICE RISING AS GLOBAL MARKETS FALL ON RECESSION FEARS Precious metals prices are seeing moderate increases today, primarily on physical demand and overall concerns regarding global recession fears. Spain is the country at the forefront now, as Italy’s Mario Monti has stepped up and followed through on its austerity measures. But Spain is having a hard time meeting targets and might require international aid. An analyst from INTL FC Stone sa... 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.
