Precious Metals Market Reports
Bitcoin Poised for Four-Week Winning Streak
Gold higher after dovish policy announcement from Bank of Japan.
Brexit problems move Gold markets closer to rally.
Bitcoin aims at four-week winning streak.
The price of Bitcoin moved up Friday morning, raising the potential for a four-week winning streak. If Bitcoin closes the week above $3,930, it would be the most consecutive weekly gains since early 2018. While Bitcoin prices have stay... Read More
SILVER PRICES GET STRONGER, MAY SEE RESISTANCE
Daily Gold & Silver Market Report – 3/13/2019
Gold dips Monday morning as equity markets gain new support.
New Brexit vote scheduled for Tuesday.
Platinum/Palladium ratio remains wide.
While Silver prices have been stronger, it may be trading into some resistance. Market analyst Paul Robinson, writing for Read More
Gold Prices Decline as Equities Gain Support
Daily Gold & Silver Market Report – 3/11/2019
Gold dips Monday morning as equity markets gain new support.
New Brexit vote scheduled for Tuesday.
Platinum/Palladium ratio remains wide.
As equity markets garnered more support Monday morning, Gold prices slipped. The yellow metal dipped to $1,294.22 per troy ounce as of 10:40 a.m. (ET) Monday, following a brief visit a... Read More
Gold Rebounds Ahead of U.S. Jobs Report
Gold prices lift as U.S. jobs report looms.
China’s central bank lowers 2019 growth target.
Bitcoin aims for a fourth day of gains.
Friday morning, Gold prices saw a significant lift for the first time in multiple weeks. This upward movement came as the U.S. dollar slipped downward and market watchers stayed focused on an upcoming jobs report. Signs of a global economic slowdown seem to be rising and new employment data from the United State... Read More
Gold Prices Sink as Yields Rise
Daily Gold & Silver Market Report – 3/4/2019
Rising Treasuries send Gold prices downward.
U.S. jobs report this week could influence Gold prices.
Study finds increase in global Silver production.
Last week, Gold futures fell more than 1 percent, hitting the lowest price since late J... Read More
Gold Sinks as U.S. Economic Data Boosts Dollar
Daily Gold & Silver Market Report – 3/12019
Gold spot price sinks as dollar firms up.
Palladium upswing could save South African mining industry.
Facebook rumored to have Bitcoin rival in development.
The price of Gold sank to two-week lows Friday morning as the U.S. dollar gained strength from positive economic data. The losses for Gold were minimized, however, by o... Read More
Gold Hits Two-Week Lows
As the U.S. dollar experiences a bounce-back, Gold prices sank to two-week lows Wednesday. Following remarks from U.S. Trade Representative Robert Lighthizer, many investors lost hope of a fast resolution to trade disputes between the U.S. and China. In a report from Reuters India, Gold futures f... Read More
Tariff Deadline Change Boosts Gold
Daily Gold & Silver Market Report – 2/25/2019
Optimistic news regarding U.S.-China tariff talks boosts Gold spot prices.
Palladium hits record high price.
Silver markets once again show signs of a bullish turnaround.
The price of Gold got a boost Monday morning after news of productive trade negotiations between the U.S. and China. President Donald Trump said he would delay the tariff hike longer than initially stated in ho... Read More
Gold on Track for Weekly Gain Amid Weak U.S. Market Report
As the U.S. dollar continues to show weakness, Gold prices are poised for a second weekly gain. As of 8:49 a.m. (ET) Friday, Gold futures were up 0.26 percent, while spot prices were up 0.39 percent, according to CNBC. Recent support for Gold was fueled by less-than-positive U.S. economic data and concerns over a slowdown in growt... Read More
Palladium Prices Break $1,500 Per Ounce
For the first time, Palladium prices rose above $1,500 per troy ounce. Investing.com Australia reports this upward movement is primarily due to an ongoing supply deficit. New concerns bubbled up as reports from South Africa, a leading producer of Platinum Group Metals, indicate new challenges for the mining industry. Recent power blackouts i... Read More
Gold Prices Hit Two-Week High
Daily Gold & Silver Market Report – 2/18/2019
Gold bullion prices hit a two-week high.
Federal Reserve speeches scheduled for Friday could offer new U.S. policy insights.
Power crisis in South Africa provides new challenge to Precious Metals mining industry.
Gold traded at its highest price in more than two weeks during international trading Monday morning. This upward movement came after the U.S. dollar weakened from rumors the ... Read More
Gold Price Up After Trump’s National Emergency Speech
Daily Gold & Silver Market Report – 2/15/2019
The price of Gold and all Precious Metals get boost from Trump's morning speech.
The outlook for Gold prices in 2019 brightens amid changing inflation expectations.
JPMorgan Chase announces its own cryptocurrency.
In a televised speech Friday morning, U.S. President Donald Trump declared a national emergency, calling for the construction of a southern border wall. Following the speech... Read More
Pending U.S.-China Trade Resolution Challenges Gold Prices
Daily Gold & Silver Market Report – 2/13/2019
Hope for U.S.-China trade war resolution challenges Gold price.
The diminishing potential for another government shutdown builds market confidence.
Palladium shortage likely to worsen in the coming year.
As news mounts that the United States and China may finally resolve a months-long trade war, Gold prices are challenged. Precious Metals like Read More
Platinum and Palladium Had Good Weeks
“In 9 out of 11 (almost 82% cases) when Palladium rallied for a week on very strong volume, we saw a decline in Gold shortly,” (FX Street). Palladium has shown unprecedented strength and may signal an increase of interest to the public. More Palladium and Platinum are being used in electric cars and new technology, fueling demand in recent months. Both ... Read More
Gold Pushes Higher as Dollar Stagnates
Daily Gold & Silver Market Report – 2/8/2019
Gold prices move up as U.S. dollar shows signs of weakness.
The U.S. government shutdown did not impact economy as harshly as many predicted.
St. Louis Fed President describes current monetary policy as "restrictive."
As U.S. Treasury yields soften and the dollar shows signs of weakness, Gold prices have again started highe... Read More
Gold Prices Diminish As Remarks from Fed Chair Expected
Daily Gold & Silver Market Report – 2/6/2019
Gold prices slip as market awaits new statements from the Fed.
Mining association predicts a 7 percent price lift for Silver in 2019.
Weaker rand helps lower costs for South African Platinum miners.
The price of Gold slid downward Wednesday morning as investors await comments from U.S. Federal Reserve Chair Jerome Powell. Wednes... Read More
Greater Treasury Yields Pressure Gold Prices
Daily Gold & Silver Market Report – 2/4/2019
Growing Treasury yields entice buyers away from Gold.
Goldman Sachs reduces Gold price predictions for 2019.
The popularity of American Silver Eagles grows in January.
Greater Treasury Yields Pressure Gold Prices
For the second session in a row, Gold prices went down on Monday morning. Much of this downward pressure comes from... Read More
New U.S. Jobs Report Rattles Gold Prices
Daily Gold & Silver Market Report – 2/1/2019
Exceptional jobs report challenges Gold prices.
Former presidential candidate could become Federal Reserve Board nominee.
Gold acquisition by central banks rose substantially in 2018.
Following a better-than-anticipated U.S. employment report, Gold prices dipped slightly. The new data show signs of a robust and active labor market, leading many investors to pause their acquisitio... Read More
Gold Price Rises to 8-Month High
Daily Gold & Silver Market Report – 1/30/2018
Gold futures traded at highest price in eight months.
Financial exec believes Palladium is driving Gold higher.
Recent poll reflects expectation that Platinum will continue to struggle.
The price of Gold reached its best level in more than eight months Wednesday morning. As the U.S. Federal Reserve plans to announce new monetary policy decisions, investors expect to hear pr... Read More
Price of Gold Reaches $1,300 Per Ounce
Daily Gold & Silver Market Report – 1/28/2018
Gold hits a crucial psychological price level.
Silver follows Gold, potentially ready for a breakout.
U.S. Fed monetary policy news expected Wednesday.
Gold bullion prices reached $1,300 per ounce early Monday, reaching a crucial psychological trading threshold. While the yellow Precious Metal has yet to show a clear breakthrough above this level, analysts are optimistic about t... Read More
Gold Moves for Weekly Gain as Dollar Retreats
Daily Gold & Silver Market Report – 1/25/2018
U.S. dollar weakness gives Gold prices a boost.
Platinum production decreased due to low trade value.
Ongoing government shutdown hits commodities markets worldwide.
Gold futures moved up during early trading Friday, aiming for an overall weekly gain. Meanwhile, the U.S. dollar saw losses driven by economic growth concerns in many major markets around the world. Read More
Palladium Demand Could Face Challenges
Daily Gold & Silver Market Report – 1/23/2018
Gold prices stable as investors turn away from riskier assets.
The surge in demand for Palladium could face challenges.
Evidence of a Gold/Bitcoin correlation begins to emerge.
Palladium prices have seen record growth over the last year, trading at a premium to Platinum for several months and recently pricing higher than Gold. An article on Read More
Gold Hits New Low for 2019
Daily Gold & Silver Market Report – 1/21/2018
Gold prices sink to new low mark for the year.
Silver struggles to hold onto price gains.
U.S. dollar index up with stock markets on holiday.
Prices for Gold fell Monday morning to the lowest seen this year. This drop was motivated by continued investor confidence in riskier investments, as China’s 2018 economic growth slowed to a near-30 year low. Read More
Positive U.S.-China Trade Agreements Could Boost Silver
Daily Gold & Silver Market Report – 1/18/2018
Gold pulls back for the second-consecutive day.
Investors remain cautious but optimistic regarding trade war and Brexit negotiations.
Positive trade developments could mean boost for industrial Silver.
With recent statements from the U.S. Federal Reserve that interest rate hikes could stop for 2019, many analysts have predicted a down year for the dollar. This weakening alone could be... Read More
Gold Prices Remain Steady Surrounded by Political Unrest
Daily Gold & Silver Market Report – 1/16/2018
Gold remains stable amid U.S. government shutdown and Brexit woes.
Analysts say Bitcoin has yet to reach a bottom.
Silver faces challenges above $15 per troy ounce.
Wednesday morning, the price of Gold remained stable, building support mainly from political uncertainty. The unrest stemming from the failure of the Brexit proposal, alongside the ongoing U.S. government shutdown, has man... Read More
Gold Eases Up Toward $1,300
Daily Gold & Silver Market Report – 1/14/2018
Slipping U.S. dollar index gives Gold additional lift.
Weak import and export data from China leads to global stock market declines.
Fourth-quarter Wall Street numbers expected this week.
Gold prices eased higher Monday morning amid declines in both global stock markets and the U.S. dollar index. February futures for Gold... Read More
Gold in Position for Fourth-Weekly Gain
Daily Gold & Silver Market Report – 1/11/2018
Gold poised for a fourth-consecutive weekly gain.
Some investors unwavering in their confidence in the U.S. economy.
Rising Palladium prices too low for substantial supply increase.
Building support from predictions that U.S. interest rate hikes could soon cease, Gold rose again Friday morning. Rising interest rates added stren... Read More
Prices of Silver Pull Back
Daily Gold & Silver Market Report – 1/7/2018
After seeing upward movement in Silver prices, the gray metal appeared to test the $15.50 per ounce breaking point. This is a good sign for investors and traders because this trend could continue for days to come. There is significant pressure on the U.S dollar, which is benefiting not just from Silver but other metals too. This rise in prices is a good sign, bu... Read More
Gold Targets Rebound After Sizeable Daily Drop
Daily Gold & Silver Market Report – 1/7/2018
Gold seems ready for a rebound after Friday's losses.
Palladium price reaches new record high.
Trade and interest rate data scheduled for release this week.
Gold futures traded higher Monday morning following Friday’s significant decline. The drop last week was the biggest single-session slip in two weeks, according to a report published by Read More
Gold Slips But Pointed Toward Weekly Gain
Daily Gold & Silver Market Report – 1/4/2018
Gold slightly down but on track for a weekly gain.
Price of Gold remains stable following U.S. jobs news.
Bitcoin rings in new year with new-found stability.
The price of Gold slipped Friday morning following a six-month peak the previous day. At 8:30 p.m. (ET) Thursday, Gold traded at $1,300.52 per troy ounce, the highest level... Read More
Silver Prices Break About $15.50 Per Ounce
Daily Gold & Silver Market Report – 1/2/2018
Investors move away from riskier assets toward Gold.
Silver prices rise above $15.50 per troy ounce.
Bitcoin and other cryptos rally collectively adding $8 billion.
On Monday, Silver spot prices rose above $15.50 per troy ounce. While trading briefly dipped below this mark a few times since then, as of 11:20 a.m. (ET) Wednesday, the white metal was up to $15.68, the highest price of th... Read More
Gold Positioned for Annual Decline, First in Three Years
Daily Gold & Silver Market Report – 12/31/2018
Gold prices set to see the first annual decline in three years.
Many analysts predicting bull markets for Gold in 2019.
Growing hybrid car sales good for Palladium.
Gold Positioned for Annual Decline, First in Three Years
Challenged by trade tensions and the U.S. dollar for much of the year, Gold prices early Monday were set for an... Read More
U.S. Dollar Descends Amid Market Unrest
Daily Gold & Silver Market Report – 12/28/2018
U.S. dollar sees losses amid stock market unrest.
Rare coin market in U.S. exceeds $4 billion for 2018.
Palladium shortage could mean continued price gains.
The U.S. dollar lost strength Thursday as high market volatility sent many investors fleeing to safe-haven assets such as Gold. The ... Read More
New Market Doubts Lead to Gains for Precious Metals
Daily Gold & Silver Market Report – 12/26/2018
Precious Metal prices rise on new market uncertainties.
Two- to three-year bull market predicted for Gold.
Over 90 fraud cases concerning cryptocurrency filed in the last two years.
The price of Gold reached a six-month high Wednesday, driven by growing concerns of a shaky stock market. Slowing growth around the globe and a U.S. government shutdown gave many investors a push to... Read More
Gold Investors Keep Close Watch During U.S. Government Shutdown
Daily Gold & Silver Market Report – 12/24/2018
Volatility from U.S. government shutdown could boost Gold.
Bitcoin losing support from many on Wall Street.
Stock markets see worst December since the Great Depression.
As the U.S. government shuts down due to disagreements between President Donald Trump and Congress, Gold investors are closely watching the situation. The price of Read More
Gold Set for Weekly Gain Despite Fall Back
Daily Gold & Silver Market Report – 12/21/2018
Gold prices see setback but still on track for a weekly gain.
U.S. stock markets open higher after Thursday declines.
Platinum has potential for much growth in 2019.
In early trading Friday, Gold futures backed off from the recent six-month high. In spite of this retreat, the yellow metal is still set to close the week with co... Read More
Price of Gold Escalates As Fed Decision Draws Near
Daily Gold & Silver Market Report – 12/19/2018
Price of Gold increases ahead of Fed announcement.
Bank of Japan and Bank of England meet this week to decide interest rate policy.
Bitcoin benefits from a three-day rally.
Spot prices for Gold crawled up Wednesday morning toward some of the best rates in almost six months. A weakened U.S. dollar fueled this strength as market... Read More
Gold Markets Hinge on Upcoming Fed Decision
Daily Gold & Silver Market Report – 12/17/2018
Gold prices lift ahead of Federal Reserve meeting.
Silver, Platinum and Palladium trade higher Monday.
November U.S. housing data could also influence spot prices.
This week is expected to be pivotal for Gold prices, as many market watchers wait patiently for announcements from the U.S. Federal Reserve. Many economists have forecast that the central bank will raise interest rat... Read More
Gold Prepares for Weekly Decline
Daily Gold & Silver Market Report – 12/14/2018
Gold price on track to decline for the week.
Palladium sees three days of gains.
Bitcoin could dip below $3,000 soon.
This week, Gold prices have slipped, with a 0.8 percent decrease as of Friday morning. This ebb puts the yellow Precious Metal on track for an overall weekly decline, potentially the biggest of the ... Read More
Silver Sees Highest Gain in 5 Weeks
Daily Gold & Silver Market Report – 12/12/2018
Gold prices stable after U.S. inflation report.
Palladium on track for continued strength.
Silver reaches five-week high.
Silver futures for March delivery were trading higher Wednesday morning, achieving the best price levels of the last five weeks. Michael Seery, principal analyst at Seery Futures, writes on Read More
Stock Sell-Off Continues to Boost Gold Prices
Daily Gold & Silver Market Report – 12/10/2018
Ongoing stock market losses give Gold a boost.
American Silver Eagles see uptick in popularity for November.
Bitcoin volatility triples in recent weeks.
Last week, investors continued a significant sell-off of stocks, in the U.S. and elsewhere. This ongoing pressure to sell shares has boosted Gold. It is widely known people turn to safe-haven investments such as Precious Metals when ... Read More
Gold Price Climbs Following U.S. Jobs Report
Daily Gold & Silver Market Report – 12/7/2018
Weaker-than-expected U.S. jobs report boosts Gold.
Platinum and Palladium prices up in early Friday trading.
Interest in Silver could surge if spot price reaches $15.
Following new U.S. jobs numbers that were weaker than expected, February Gold futures went up 0.4 percent to $1,249.60 per ounce. The weakening U.S. dollar also helped boost Read More
Palladium Prices Surpass Gold in Record Rally
Daily Gold & Silver Market Report – 12/5/2018
Increased demand for Palladium leads to record highs.
Gold declines ahead of new Fed data.
Global stocks decline as trade tensions rise.
For the first time in 16 years, the price of Palladium pushed beyond that of Gold. Driven by industrial demand, Palladium saw several record highs over the past four months, coming strikingly close to parity with Gold on a few occasions. The automoti... Read More
Precious Metals See Gains as U.S. Dollar Dips
Daily Gold & Silver Market Report – 11/30/2018
U.S. dollar dips amid sell-off, boosting Gold prices.
Palladium sees record high, near parity with Gold.
Investors eased but cautious about the future of U.S.-China tariffs.
On Monday morning, Precious Metals prices were up following a U.S. dollar sell-off driven by news regarding the U.S.-China trade war. At the G20 summit in Argentina, U.S. President Donald Trump and Chinese ... Read More
Gold Set for Weekly Decline as U.S. Stocks Climb
Daily Gold & Silver Market Report – 11/30/2018
Gold prices slip amid U.S. dollar gains.
Some analysts are still optimistic about Precious Metals in Q1 2019.
The G-20 Summit in Argentina could ease U.S.-China trade woes.
Friday morning, Gold prices fell and may be set for a weekly decline as the U.S. dollar gained strength late in the week and the stock market saw significa... Read More
Gold, Silver Bullion and Mining Stocks See Price Slip
Daily Gold & Silver Market Report – 11/28/2018
Price of Gold goes down, potentially facing new challenges.
Fed confirms new interest rate hikes in coming weeks.
Bitcoin sees 9 ... Read More
Goldman Sachs Analysts Predict Gold Rebound
Daily Gold & Silver Market Report – 11/26/2018
Major U.S. bank predicts higher Gold prices in 2019.
Gold mining on the rise for the next four years.
G20 Summit in Argentina could lead to more market stability.
In a report released Monday, analysts at Goldman Sachs predict a price surge for commodities over the next few months. They forecast this rebound will include Gold a... Read More
Gold Ticks Up as Dollar Index Slumps
Daily Gold & Silver Market Report – 11/21/2018
U.S. dollar index slips, giving Gold prices a boost.
Silver visits highest spot prices since early November.
London market daily Precious Metals trading volume smaller than estimated.
The price of Gold edged up during international trading Wednesday morning. Trade activity was somewhat low as the U.S. Thanksgiving holiday appr... Read More
Gold Sees Lift Surrounded by Brexit Turbulence
Daily Gold & Silver Market Report – 11/16/2018
Brexit uncertainty is a boost for Gold prices.
Silver oversold during long-term bear market.
Palladium nearing price parity with Gold.
The price of Gold saw increased traction Friday morning as many investors moved away from risky investments on continued Brexit turbulence. On Thursday, U.K. Brexit Secretary Dominic Raab resigned, leading to further concern over Prime Minister Theres... Read More
CENTRAL BANK BAR AND COIN DEMAND GROWS IN Q3
Gold sees continued challenges.
Silver down as trade tensions fuel 2019 concerns.
Demand for bullion by central banks grows in Q3.
Investment by central banks in Gold coins and bars has been on the rise in 2018 and this trend continued during the third quarter. Coin World cited numbers from the World Gold Council that indicate global de... Read More
Price of Gold Declines as Dollar Strength Mounts
Daily Gold & Silver Market Report – 11/12/2018
Gold prices fall for the third-consecutive session.
Silver, Platinum and Palladium all see declines in spot prices.
U.S. inflation data to be released Wednesday.
Gold spot prices fell again Monday morning for the third-consecutive session. While they are certainly still up from the lows seen in August, the yellow metal is down 8 percent for 2018. The Read More
Precious Metals Aim for Biggest Weekly Fall Since August
Precious Metals prices take a hit following Federal Reserve meeting.
U.S. dollar gains momentum as Brexit worries loom.
Mid-term elections could mean a win for Bitcoin.
After news that the U.S. Federal Reserve would deliver another interest rate hike in December, the U.S. dollar rose and Precious Metals took a hit. Gold prices today were at $1,213.30 per ounce as of 10:10 a.m. (ET), w... Read More
Spot Gold Sees Gains After U.S. Elections
Gold prices climb following U.S. mid-term elections.
Palladium spot price sees major Wednesday morning gains.
U,S. Dollar index down amid new market uncertainty.
Wednesday morning, investors sought a safe haven in Gold to hedge against market volatility surrounding mid-term elections in the United States. This movement gave Gold prices a significant boost, reaching $1,230.90 per ounce as of 9:50 a.m. (ET). December Gold ... Read More
Gold Price Steady as Mid-Term Elections Approach
Daily Gold & Silver Market Report – 11/5/2018
Price of Gold steady ahead of U.S. elections.
Federal Reserve meeting mid-week could also impact the market.
Producing Bitcoin requires more energy than mining Precious Metals.
As analysts look toward mid-term election results this week, Gold prices showed little change Monday morning. As of 11:45 a.m. (ET), the spot price of Gold was $1,232.50 per ounce. Voters will decide several ke... Read More
Strong Jobs Report Challenges Gold Prices
Daily Gold & Silver Market Report – 11/2/2018
Gold prices dip amid strong U.S. job growth.
Central bank purchases of Gold still rising.
Platinum trades at the highest range since September.
Friday morning, Gold futures showed small declines after a surprisingly strong October jobs report. Economists predicted a strong jobs report would pressure Gold by supporting the assumption that the Federal Reserve will raise interest rates a... Read More
Silver Bullion Transfers for September Increase
The London Bullion Market Association, whose membership includes a number of key central banks and financial institutions, recently announced data for September 2018. As cited by an article for Coin World, Silver bullion transfers increased 20.6 percent compared to the previous month. Gold transfers were at the same level as August, seeing no significant flu... Read More
Gold Reserves at Central Banks Likely to Keep Growing
Many central banks around the world have increased their Gold reserves in 2018, a trend that is likely to continue. Earlier this year, Poland and Hungary, two of the biggest economies in eastern Europe, made atypical Gold acquisitions. An article published by Bloomberg observed these purchases&nbs... Read More
Dollar Volatility Pressures Gold to Silver Ratio
Market volatility drives Gold prices up.
Pressures on Gold to Silver ratio could mean a rally for Silver.
Interest grows for classic Gold coins as bullion investments.
Recent instability in the stock market along with U.S. dollar volatility could signal a rally for Silver. As Gold prices rise, and general uncertainty about global trade continues, the Gold to Silver ratio is under significant pressure, which is edging the price of Silver up. Becaus... Read More
Silver Prices Don't Quite Outperform Gold
Daily Gold & Silver Market Report – 10/24/2018
Even with geopolitical events supporting Gold, Silver has yet to outperform the yellow metal. That is rather unusual, but there is more than meets the eye. "The Silver price also incorporates a less 'speculative' component than Gold. It benefits from considerable industrial demand," (Lombardi Letter). The relationship between Gol... Read More
Geopolitics in Focus After Gold Sees Third Week of Gains
Daily Gold & Silver Market Report – 10/22/2018
Gold readies for a fourth-straight week of gains.
Developing countries turn to Gold as a safe haven.
Blockchain may soon be key to Precious Metals authentication.
Following three weeks of gains for Gold spot prices, market analysts will keep a sharp eye on the geopolitical climate and equity markets during the coming week. Several significant announcements are expected this week that... Read More
Fed Officials Uncertain On Economy, Interest Rate Hikes Will Continue
Daily Gold & Silver Market Report – 10/19/2018
Spot prices for Gold see a lift in early Friday trading.
Minutes for September Federal Reserve meeting reflect uncertainty.
Platinum miners increase chrome production to offset waning profits.
On Wednesday, the U.S. Federal Reserve released their September meeting minutes after a three-week delay. Precious Metals investors look to these minutes as critical information for forecasting... Read More
Gold Prices Stay Near Multi-Month Highs
Daily Gold & Silver Market Report – 10/17/2018
Gold holds stable near recent high levels.
The bullish Gold market could signal new hope for Silver.
Despite Bitcoin price correction, more volatility ahead.
The price of Gold stayed relatively unchanged Wednesday morning. Comex Gold futures were up 50 cents at 9:05 a.m. (ET), incredibly close to a recent high mark of $1,236.9... Read More
Gold Gains 1 Percent as Investors Seek Safe Haven
Daily Gold & Silver Market Report – 10/15/2018
Price of Gold reaches highest levels since July.
European stocks hit a 22-month low.
Rising Gold prices give a boost to Canadian mining stocks.
The price of Gold increased by more than 1 percent during international trading Monday, reaching the highest level in approximately 2 1/2 months. Investors seem to be seeking safety in the Precious Metal as global markets suffer from feuds be... Read More
Bullish Market for Silver on Thursday
Daily Gold & Silver Market Report – 10/12/2018
Gold prices dip in early Friday trading.
Silver prices see positive moves Thursday.
Palladium continues to trade at premium to Platinum.
Trading was exceptionally bulling on Thursday for Silver, which got very close to the $14.50 per ounce level. This price is critical for the Precious Metal, as a sweeping selloff occurred from that area earlier this year. According to a forecast pub... Read More
Falling Stock Markets Keep Gold Prices Steady
Daily Gold & Silver Market Report – 10/10/2018
Gold price remains flat as markets falter.
Analysts see relative stability of Gold as a sign of resilience.
Bitcoin markets on the verge of a major shift.
Spot prices for Gold stayed mostly flat Tuesday as falling stock markets tried to balance against a strong U.S. dollar. After briefly trading at the lowest rates since late September, the price of Gold sat around $1,188.20 per ounc... Read More
Gold Drops as China Policy Shifts and U.S. Dollar Gains
Daily Gold & Silver Market Report – 10/08/2018
Chinese policy shift leads to Gold price decline.
More market instability may be needed to see a big rebound for Gold.
Bitcoin proponents use relative stability to encourage new support.
During international trading Monday, Gold prices dropped as the U.S. dollar gained strength. This decline came after the central bank of China shifted to a softer domestic policy position to support ... Read More
Gold Sees Lift After Weak U.S. Jobs Report
Daily Gold & Silver Market Report – 10/05/2018
The spot price of Gold sees gains amid low U.S. jobs numbers.
December Silver futures lift 0.3 percent in early Friday trading.
Gold/Palladium ratio narrows to record levels.
Early Friday, Gold futures saw further gains, adding to their gains for the week. This strength comes after a report showed weaker U.S. job creation numbers for September. The United States added roughl... Read More
Soft Dollar and Italy Crisis Give Gold Prices a Lift
Daily Gold & Silver Market Report – 10/03/2018
Gold gets a lift amid financial concerns in the eurozone.
Platinum and Silver prices see a slight increase in early trading.
South African official expressed need to build interest in Platinum.
Gold spot prices were up Wednesday morning amid a softer U.S. dollar and news regarding Italy’s budget crisis. This week, the European Union officially announced their worries over Italy... Read More
Silver and Gold Review for Quarter 3
Daily Gold & Silver Market Report – 10/01/2018
Silver prices and Gold prices both posted losses in the third quarter. Some drops were more significant but all Precious Metals took a hit. As the fourth quarter is now upon us, there is hope metals will see a rally. “Gold fell 10.46% in 2015, but rallied by 8.66% in 2016. The yellow metal posted a 13.65 gain in 2017…Silver recovered in late September to the $14.50 per ounce level on the active month... Read More
Price of Gold Slips as Fed Rate Decision Approaches
Daily Gold & Silver Market Report – 09/26/2018
Gold prices down ahead of Fed interest rate announcement.
Gold bullion more susceptible to interest rate changes than other commodities.
Widening Platinum-Gold spread draws attention from investors.
Price of Gold Slips as Fed Rate Decision Approaches
Gold prices began to slip in early trading Wedn... Read More
Gold On Track for Weekly Gain
Daily Gold & Silver Market Report – 09/21/2018
Gold on track for weekly gain in early Friday trading.
Dollar index stays strong as tariffs more modest than expected.
Palladium enjoys 7-week winning streak.
Gold acquisition from central banks on the rise.
The price of Gold lost a bit of strength in early trading Friday but is still on track for an overall gain this week. This narrow slip came amid continued worries regar... Read More
Trade Dispute Weakens Dollar, Gives Gold a Push
Daily Gold & Silver Market Report – 09/19/2018
Gold prices up amid growing trade war concerns.
Silver’s discount to Gold grows deeper.
Platinum and Palladium see strength Wednesday morning.
Bitcoin watchers await SEC news.
Gold prices went up Wednesday morning as the dollar weakened. This is an indicator of growing concerns about the ramifications of the U.S.-China trade disputes and the potential effects on the g... Read More
Gold Price Tops $1,200 as New U.S. Tariffs Commence
Daily Gold & Silver Market Report – 09/17/2018
Price of Gold sees a lift in Monday morning trading.
China could refuse further trade negotiations with the U.S. due to a threat of tariffs.
Overproduction from Platinum mines could lead to long-term low prices.
Economists predict a three-year slump for Platinum.
On Monday, the price of Gold again topped $1,... Read More
Low Silver Prices Lead to Increased Demand
Daily Gold & Silver Market Report – 09/14/2018
Earlier this month, the U.S. Mint ran out of 2018 Silver Eagle bullion coins following a temporary sellout. This increased demand is primarily due to the current, multi-year low market price for Silver. The mint released a statement September 6, announcing new stock would be produced. According to Read More
Silver/Gold Ratio Indicates Lower Prices Are Ahead
Daily Gold & Silver Market Report – 09/12/2018
Since June, the price of Silver has dropped significantly. Overall, Silver spot prices have gone from $17.35 to $13.91 per ounce, a 19.8 percent decline in three months. According to Seeking Alpha, the chance for more price volatility in the market is rising. If Silver drops below a level last reached December 2015, there ... Read More
Strong Jobs Data Puts Pressure on Gold
Daily Gold & Silver Market Report – 09/10/2018
The price of Gold and several other metals ended weaker last week, under pressure from a positive jobs report in the U.S. on Friday, and President Trump’s determination to add tariffs to another $267 billion in Chinese goods. On Friday, Gold for September delivery fell to $1,293.60 an ounce on the COMEX division of the New York Mercantile Exchange. P... Read More
Dollar Index Down as Gold Gains
Daily Gold & Silver Market Report – 09/07/2018The price of Gold climbed higher Thursday, motivated by a weakening U.S. dollar. Short covering and increased buying in Asia also contributed to the increase. Quoted in a report published by Reuter... Read More
Prices of Gold Rise But Still Constrained by U.S. Dollar
Daily Gold & Silver Market Report – 09/05/2018
The price of Gold lifted slightly in early trading Wednesday, getting strength from technical buying by those concerned about rising inflation in emerging economies. The modest gains were constrained by a rising U.S. dollar, gaining momentum again from global worries over international trade wars. As reported by Read More
Gold Sees Fifth Consecutive Monthly Decline
Daily Gold & Silver Market Report – 08/31/2018
The price of Gold saw its low for the week Thursday, dipping below that $1,200 per ounce mark. While it experienced a slight rebound in early trading Friday, prices are still down more than 1 percent for the month, with August poised to end with a five-month decline in Gold prices. That would be the longest streak of losses since 2013, according to Read More
Silver Prices Begin Recovery
Daily Gold & Silver Market Report – 08/29/2018
The price of Silver has been stable this week, as it continues to rebound from recent lows. As pointed out in Money Morning, Silver seems to have formed a new, higher low following a brief plateau. Last week, at a meeting of central bankers in Jackson Hole, Wyom... Read More
Gold Prices Unsettled as U.S. Dollar Tries to Rebound
Daily Gold & Silver Market Report – 08/27/2018
In early trading Monday, Gold prices slipped after on overall advance of 2.5 percent last week. The U.S. dollar showed signs of weakening late last week amid new reports from the Federal Reserve regarding interest rates. Summarized in a release on Ma... 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.
