Precious Metals Market Reports
Closing Gold & Silver Market Report – 1/23/2012
GOLD MAKES ITS MARK AS SAFE-HAVEN INVESTMENT Precious metals prices have stayed relatively steady in afternoon trading. Greece is facing more negative news, as it appears that country will not receive any more bailout help than is already planned because bondholders have made the “maximum offer” on the losses that they are able to withstand. Despite this news, the Read More
Mid-Day Gold & Silver Market Report – 1/23/2012
GOLD PRICES RALLY; EU’S IRANIAN OIL BAN DRAWS RESPONSE Gold prices are at a six-week high, as the price has increased since this morning. Gold’s rise is coming from Europe’s continued financial predicament and Iran’s threat to stop delivery of crude oil to several countries. Daniel Smith at Standard Chartered said, “Gold is part of a wider rally in commodities and risk ... Read More
Morning Gold & Silver Market Report – 1/23/2012
SILVER PRICE SURGE CONTINUES; GOLD RISING Negotiations between Greece and private debt holders were still under way, but sources close to the situation report a deal is close and private bondholders stand to take a loss of between 65 to 70 percent. This news has driven the euro up, and precious metals along with it. Silver was well past $32 per ounce, and although off morning highs, Gold was continuing its three-week winning streak. Today Read More
Closing Gold & Silver Market Report – 1/20/2012
NEXT WEEK’S FED MEETING BRINGS TIMELINE ISSUES The Federal Reserve’s new communication strategy is all about creating more transparency. But as Wednesday’s meeting approaches, financial markets are preparing to be confused. The biggest part of the confusion is over the timing of the Fed’s announcements. At 12:30 p.m. (EST) Wednesday, the Fed is to release its typical statement about the policy meeting. At 2 p.m. (... Read More
Mid-Day Gold & Silver Market Report – 1/20/2012
CLOCK TICKING FOR GREECE; HOUSING MARKET MAY DRIVE U.S. RECOVERY As the Chinese New Year approaches, Gold buying demand in China has slowed. Gold’s performance next week is likely to be unpredictable, as Chinese markets will close for the holiday and not reopen until Jan. 30. However, China’s demand has not had a huge effect on the price of Gold, which is up slightly since this morning. The price rise is due to the expectation that Greece and private... Read More
Morning Gold & Silver Market Report – 1/20/2012
EUROPEAN BANKS BRACE FOR CRISIS WORSE THAN 2008 Precious metals are trading fairly flat, and U.S. stock futures are also pointing to an uneventful start to the trading day. European stocks were down for the first time this week as talks between Greece and its private creditors loomed. Many investors want to see... Read More
Closing Gold & Silver Market Report – 1/19/2012
IS QE3 A LOOMING POSSIBILITY? There is a growing consensus of economists who believe that a Read More
Mid-Day Gold & Silver Market Report – 1/19/2012
GOLD, SILVER PRICES RETREATING Mixed economic data in the United States sent precious metals prices lower in morning trading. Weekly jobless claims figures came in much lower than expected and inflation is still under control, but housing starts unexpectedly weakened. The weekly unemployment benefit applications fell to its lowest number in four years, but the housing starts data tempered hopes that t... Read More
Morning Gold & Silver Market Report – 1/19/2012
IMF PLAN AIDS EUROPE, FACES CHALLENGES; U.S. JOBLESS CLAIMS FALL Most precious metals prices were on the rise in early morning trading. The euro has reached a two-week high against the U.S. dollar. The announcement of access to bailout funds from the International Monetary Fund is facing hurdles but is viewed as a boost to European stocks. Senior analyst Radeep Unni of Richcomm Global Services said, “Rising risk appetite, a weak U.S. dollar and t... Read More
Closing Gold & Silver Market Report – 1/18/2012
GOLD, SILVER PRICES MAINTAIN GAINS THROUGH AFTERNOON Gold and Silver prices have maintained modest gains through the afternoon trading hours. On a day when no news significantly affected the precious metals market, it is no surprise to see little in price movement. One piece of news that eventually could rock the markets is the potential for another congressional battle on whether to raise the U.S. debt limit. Read More
Mid–Day Gold & Silver Market Report – 1/18/2012
GREECE, CREDITORS MAKE LAST-DITCH EFFORT Last week, Greek officials met with creditors to determine interest rates it will pay on new bonds and to agree on a plan for investor losses. Talks broke down, but they have resumed today with two points of contention still on the table. Greece needs a deal with these private investors to avoid a painful default. ... Read More
Morning Gold & Silver Market Report – 1/18/2012
IMF TO INCREASE EURO LENDING; GEOPOLITICAL TENSIONS ABOUND U.S. stock futures are up mildly, while precious metals prices are dipping slightly after the release of economic data this morning. Wholesale prices, a key gauge of inflation, fell by 0.1% in the U.S. However, this decline in prices is only due to large dip... Read More
Closing Gold & Silver Market Report – 1/17/2012
GOLD RALLIES; U.S. RECOVERY OUTLOOK POSITIVE Precious metals prices ended today on a positive note. Gold’s rally today was based on a weakening dollar and Europe’s financial and credit issues. Jim Steel with HSBC said, “The market reacted to an increase in risk tolerance. Gold was also riding the coattails of sharp increases for U.S. stocks and oil.” George Gero of RBC Capital Markets shared his viewpoint on Europe, saying, Read More
Mid-Day Gold & Silver Market Report – 1/17/2012
EUROPE’S BANKS CURB LENDING; CHINESE DATA BUOYS INVESTORS Since today’s opening bell, precious metals prices have remained steady or up for the day. Gold seems to be benefiting from the less-than-stellar trade deficit data out of China, which is boosting American markets. The euro debt crisis continues, but the good German economic data has boosted the euro. Gold’s rise actually has come without the benefit of a weaker dollar. However, Read More
Morning Gold & Silver Market Report – 1/17/2012
CHINESE, GERMAN POSITIVES LIFT PRECIOUS METALS PRICES Positive economic data out of China and Germany have boosted markets this morning. Gold is enjoying a price rise of nearly 2%, while Silver, Platinum, and Palladium prices are up even more. Speaking about Gold’s price so far in 2012, Macquarie analyst Hayden Atkins said, “Interest came back in ... Read More
Closing Gold & Silver Market Report – 1/16/2012
GOOD NEWS, BAD NEWS SHAPES EUROZONE Precious metals prices have been relatively stable this afternoon in global markets. Gold continues to look like a good choice for investors, as prices are still up 5% this month. The fear continues to revolve around the eurozone debt crisis. Analyst Peter Fertig said, “Gold is not a hedge against problems in the eurozone, at least as far as the debt... Read More
Mid-Day Gold & Silver Market Report – 1/16/2012
GOLD WILL REACH $2,012 IN 2012, EDITOR SAYS Since this morning’s Gold & Silver Market Report was released, precious metals prices have remained relatively steady. Unease in the eurozone continues to contribute to the safe-haven appeal of Gold. Byron King, editor of Hulbert Financial Digest, said, “Count me among the ones who believe we’ll see... Read More
Morning Gold & Silver Report – 1/16/2012
FIRST FRANCE, THEN AUSTRIA, ITALY, SIX OTHERS DOWNGRADED BY S&P Precious metals prices are rising this morning as last Friday’s credit rating downgrades add even more uncertainty to the eurozone debt crisis. Standard & Poor’s (S&P) downgraded France’s AAA rating before markets closed Friday. Shortly after Friday’s close, the S... Read More
Closing Gold & Silver Market Report – 1/13/2013
WHITHER THE EU ECONOMIC CRISIS? DOWNGRADES AND STANDOFFS Precious metals prices have begun to rebound, as prices have climbed since the Mid-Day Gold & Silver Market Report. The dollar’s increase against the euro today has caused investors to cash in on the profits, selling the precious metals positions. Standard & Poor... Read More
Mid–Day Gold & Silver Market Report – 1/13/2012
FRANCE’S CREDIT RATING DOWNGRADED; WHO’S NEXT? Gold and Silver prices are down slightly since this morning’s report. Both Gold and Silver declined sharply on the announcement that France has been downgraded by Standard & Poor’s, but the metals have since recovered to near their 8 a.m. prices. The stock market currently is down triple... Read More
Morning Gold & Silver Market Report – 1/13/2012
U.S. TRADE DEFICIT WIDEST IN SIX MONTHS Precious metals are trading mostly lower this morning, largely due to a stronger U.S. dollar. Despite the day-to-day currency fluctuations that have been affecting the price of Gold recently, Bloomberg reports that “Gold traders are the most bullish in two months. Read More
Closing Gold & Silver Market Report – 1/12/2012
GOLD PRICE CLIMBS ON WEAK DOLLAR, EUROZONE RISKS Gold prices climbed for a third straight session today, helped by both a weaker U.S. dollar and the safe-haven investments spawned by a warning from the European Central Bank (ECB) that the eurozone’s outlook included “substantial” downside risks. Mike Smith, president of T&K Futur... Read More
Mid-Day Gold & Silver Market Report – 1/12/2012
U.S. MUST JUMP ECONOMIC HURDLES TO GROW Gold and Silver prices were stable through the morning. Gold’s price is related to Europe’s financial position and the current value of the U.S. dollar. Analysts with Commerzbank wrote a note to clients that said, “Gold remains very firm in contrast to the weakness-prone equity and commodities markets.” Read More
Morning Gold & Silver Market Report – 1/12/2012
U.S. GAINS KEY SUPPORT ON IRAN; JOBLESS CLAIMS RISE Precious metals prices rebounded in overnight trading and were headed for an interesting opening bell. Italy and Spain’s bond sales were very good, as was the decision to maintain lower lending rates. LGT Capital Management analyst Bayram Dincer said, “The Bank of England and European Central Bank decisions will likely benefit Gold prices.” Physical Gold is in high demand as India gears up for i... Read More
Closing Gold & Silver Market Report – 1/11/2012
FED SAYS ECONOMY EXPANDING; GERMANY RAISES ANTE Precious metals prices have remained relatively steady during afternoon market activity. India’s Gold buying has been on the rise thanks to the rupee gaining ground on the dollar. China also is preparing for the Lunar New Year, which is viewed as a key Gold-buying period. However, Gold’s safe-haven appeal a... Read More
Mid-Day Gold & Silver Market Report – 1/11/2012
GOLD TOPS SURVEY AS 2012’S PREFERRED ASSET Gold is continuing to rally for a second day along with a strengthening euro. Historically, Gold’s price has a negative correlation to the U.S. dollar, but Societe Generale predicts this trend may change going forward. Societe Generale said, “While the dollar may not see a significant correction soon and is likely to continue to gain ag... Read More
Morning Gold & Silver Market Report – 1/11/2012
POTENTIAL EURO COLLAPSE SEEN AS ‘CATACLYSMIC’; BOMB KILLS IRANIAN SCIENTIST After yesterday’s supposed optimism regarding the European debt crisis, U.S. stock futures are now following European stocks down. Fitch Ratings said the European Central Bank needs to do more to help Italy, the next big eurozone country seemi... Read More
Closing Gold & Silver Market Report – 1/10/2012
GOLD ENDS AT FOUR-WEEK HIGH; MORE GRIDLOCK IN U.S.? The Gold price ended the day at a four-week best, shaking off underperformance from the previous few days. Gold traditionally has a negative correlation with the value of the U.S. dollar, and with the dollar trading lower, Gold closed above $1,630 an ounce, its highest point since Dec. 1... Read More
Mid-Day Gold & Silver Market Report – 1/10/2012
GOLD, SILVER PRICES CONTINUE TO RALLY Gold and Silver prices were off to a quick start and maintained their upbeat trend throughout this morning. The stock market is well off its high for the day but is still setting up to have a good day. The dollar continues to weaken, which could allow this favorable trend for Gold and Silver to continue. Read More
Morning Gold & Silver Market Report – 1/10/2012
GOLD PULLS DOUBLE DUTY AS COMMODITY, SAFE HAVEN Precious metals and U.S. stock futures are rallying this morning, taking a cue from global markets. Recent data from China show an increase in its trade surplus for December, with expectations being met on export growth, while import growth declined sharply. China of... Read More
Closing Gold & Silver Market Report – 1/9/2012
U.S. NATIONAL DEBT AT ‘TIPPING POINT’ Since the Mid-Day Gold & Silver Market Report was posted, Gold prices have seen a slight decline, although the weakness of the U.S. dollar buoyed prices above $1,600. The price of Silver has remained virtually unchanged, and Platinum and Palladium prices have seen modest gains. The view of B... Read More
Mid-Day Gold & Silver Market Report – 1/9/2012
ANALYST: STOP FOCUSING ON GOLD IN THE SHORT TERM Since this morning’s Gold & Silver Market Report, Gold is trading slightly lower in price, while Silver, Platinum and Palladium prices are stable. As expectations look cynical with inflation rising internationally and declining global economic growth, investors are looking for a safe-haven inv... Read More
Morning Gold & Silver Market Report – 1/9/2012
GOLD, SILVER MARKETS QUIET IN EARLY TRADING Stock futures and precious metals prices are relatively flat this morning, as traders in both sectors keep a sharp eye out for any news coming out of today’s meeting between German Chancellor Angela Merkel and French President Nicolas Sarkozy. Their lunchtime meeting in Berlin is seen as a further ... Read More
Closing Gold & Silver Market Report – 1/6/2012
WORLD LEADERS READY CRISIS OIL PLAN Precious metals prices have remained relatively stable since the Mid-Day Gold & Silver Market Report. Although Gold has eased today, it has rebounded from the lows of late 2011. In general, people are feeling more comfortable with the economic recovery. Fred Schoenstein, metals trader at Herae... Read More
Mid-Day Gold & Silver Market Report – 1/6/2012
EVENTS IN IRAN, EUROPE AFFECT GOLD PRICE Precious metals prices are down since the Morning Gold & Silver Market Report. Oliver Pursche at GMG Defensive Beta Fund shared his outlook for Gold. “It will be a volatile year for Gold, but ultimately a fairly rewarding year for investors.” His firm is forecasting a price of $1,800 per ounce, but... Read More
Morning Gold & Silver Market Report – 1/6/2012
U.S. UNEMPLOYMENT FALLS; EUROPEAN SENTIMENT STILL FADING U.S. stock futures rose after the nonfarm jobs report by Automatic Data Processing Inc. was released this morning. Economists expected the number of jobs added in December to reach 150,000, and the report showed 200,000 jobs added. The U.S. dollar’s ... Read More
Closing Gold & Silver Market Report – 1/5/2012
GOLD PRICES EXTEND GAINS; EURO DIPS TO 16-MONTH LOW The price of Gold experienced a resurgence this afternoon, extending gains for the fourth session in a row. Gold settled at its highest point since Dec. 13, and prices have gone up by more than 5% since Friday. Broker and futures analyst Frank Lesh with FuturePath Trading said, “The bigges... Read More
Mid-Day Gold & Silver Market Report – 1/5/2012
IS IRANIAN THREAT SERIOUS? Precious metals prices have been a relative mixed bag since this morning. Gold and Silver prices are on the rise, while Platinum and Palladium prices seem to be falling due in large part to less than stellar auto sales in India. In a note to investors, Credit Suisse said, “In the very near term, it will be important whether Gold can close the week above $1,60... Read More
Morning Gold & Silver Market Report – 1/5/2012
ANALYST ‘OFFICIALLY BULLISH’ AGAIN ABOUT GOLD U.S. stock futures are set to open lower amid refreshed concerns in Europe, but stocks were buoyed somewhat by positive news from the Automatic Data Processing, Inc., National Employment Report and the weekly jobless claims report. Precious metals prices ar... Read More
Closing Gold & Silver Market Report – 1/4/2012
GOLD PRICE KEEPS CLIMBING; SILVER TAKES STEP BACK The Gold price continued to climb after reaching the $1,600 level, while Gold futures achieved a two-week high. Gold for February delivery rose $12.20 to $1612.70, which is the highest settlement price since Dec. 21. “That is an indication that Gold vied to regain its status as a safe-haven investme... Read More
Mid-Day Gold & Silver Market Report – 1/4/2012
U.S., EU AGREE TO IRANIAN OIL BAN The Gold price is on the rise since this morning. The movement comes from a preliminary agreement between the United States and the European Union to ban Iranian oil imports. Iran reportedly exports 2.5 million barrels of oil per day, while holding more than 150 billion barrels in reserves. There are wor... Read More
Morning Gold & Silver Market Report – 1/4/2012
IRAN SANCTIONS START TO TAKE TOLL; EURO FALLS Overnight trading has been relatively choppy, as prices have hovered around their current levels with slight up and down movements in price. Gold correlated with the euro’s rally over the last couple of days, but with that rally ending, consumer demand and Iranian concerns are providing support. “The physical demand side of things will be the b... Read More
Closing Gold & Silver Market Report – 1/3/2012
GOLD REBOUNDS IN NEW YEAR’S TRADING; THREAT OF EURO BREAKUP SEEN Gold bounced back today from December’s weak performance, at one point trading over $1,608 before ending the day at its best close since Dec. 23. Today’s jump in the Gold price accompanies a rally in oil prices and a weaker U.S. dollar. Gold historically shows a negativ... Read More
Mid-Day Gold & Silver Market Report – 1/3/12
SAME ISSUES LIKELY TO AFFECT GOLD PRICE IN 2012 Precious metals prices continued to climb through this morning. Gold’s correlation to the euro is at its most positive in almost two years. Credit Suisse analyst Tom Kendell commented on the effect of global events on the Gold price, saying, “Other than events in the eurozone, I think it is going to be quite key to see what happens with the situation in Iran over the next few days. If the situation there dete... Read More
Morning Gold & Silver Market Report – 1/3/2012
IRANIAN THREAT AND NUCLEAR ACTION SPURS GOLD DEMAND Precious metals are trading higher this morning amid New Year optimism in global markets. Asian stocks were boosted by an improvement in Chinese manufacturing activity, and a decrease in jobless numbers in Germany supported European stocks. A key manufacturing index wi... Read More
Closing Gold & Silver Market Report – 12/30/2011
GOOD DAY FOR GOLD, SILVER The U.S. stock market closed the year with another down day. In the end, the optimistic projections of a year ago did not come to pass, but the markets at least did not lose ground. The Gold price, on the other hand, was up 11% for the year. As we move into 2012, we can see more than ever that in this interconnected global economy in which we live, uncertainty may be the norm. “Black Swan” events might occur so often, we might need to call t... Read More
Mid-Day Gold & Silver Market Report – 12/30/2011
IMF DRAWS CRITICISM FOR EUROPEAN EFFORTS The forces that have driven precious metals prices have been elusive to predict during this past year. The leading drivers for metals and other commodities in 2011 have been the global economy and the Chinese economy. “Problems in the U.S., Europe, and China have all contributed to the weake... Read More
Morning Gold & Silver Market Report – 12/30/2011
GOLD HEADS FOR 11TH ANNUAL GAIN U.S. stock futures are inching upward this morning, while Gold and Silver are recovering nicely from the recent dip. All signs are pointing to an uneventful end to an otherwise eventful year. There are no major economic reports being released, and investors seem to be looking past th... Read More
Closing Gold & Silver Market Report – 12/29/2011
GOLD PRICES MOVE OFF LOWS; SILVER ENDS DAY POSITIVE The U.S. stock market rebounded from yesterday’s losses and is again positive for the year. The Gold price declined for the sixth day in a row, but did climb well above morning lows. The rally in Gold and Silver prices began in the early afternoon as the value of the euro made sharp gains relative to the dollar. Silver made even a stronger move as ... Read More
Closing Gold & Silver Market Report –12/29/2011
Gold Prices Move Off Lows While Silver Ends the Day Positive The U.S. stock market rebounded from yesterday’s losses and is once again positive for the year. Gold declined for the sixth day in a row, but did climb up well off morning lows The rally in gold and silver prices began in the early afternoon as the value of the euro made sharp gains relative to the dollar. Silver made even a stronger move as the euro prices... Read More
Mid-Day Gold & Silver Market Report – 12/29/2011
LONG-TERM OUTLOOK SUPPORTS GOLD AS BUYING OPPORTUNITY The price of Gold has been heavily affected by the eurozone crisis this week. Sterling Smith at Country Hedging Inc. commented on the influence Europe has had on Gold, saying, “The developments in Italy have perked up the dollar, and that is pushing Gold down.” Concentrating on Gold’s importance as an investment, LGT Capital Management’s Bayram Dincer said, Read More
Morning Gold & Silver Market Report - 12/29/2012
GOLD, SILVER PRICES LOWER IN EARLY TRADING Although Gold and Silver prices have bounced off their morning lows, the trend of the past couple of days has been decidedly downward. The euro fell through an important price point of 1.30 and is currently trading at 1.2895. Clearly, the euro is dealing with a significant lack confidence. As the euro has fallen relative to the U.S. dollar, Gold and Silver have followed their historical trend to move down as the dollar ... Read More
Closing Gold & Silver Market Report – 12/28/2011
EUROZONE WORRIES ROCK MARKET – AGAIN The U.S. stock market fell 1 percent today, again moving into negative territory for the year. Gold and Silver prices plunged, as well, and the eurozone crisis continues to be the culprit. Last week, markets rallied on news that the European Central Bank (ECB) would provide more liquidity (cash) to eurozone ba... Read More
Mid-Day Gold & Silver Market Report – 12/28/2011
VIEWS ON ECB LOANS MIXED Since the Morning Gold & Silver Market Report, precious metals prices have been dropping. Gold is traditionally viewed as a safe haven in times of economic uncertainty. But with uncertainty comes a need for investors to sell their Gold positions to cover losses elsewhere. According to VTB Capital analy... Read More
Morning Gold & Silver Market Report – 12/28/2011
GOLD IS THE ONLY SAFE HAVEN, CHINESE BANKING OFFICIAL SAYS Precious metals are trading slightly lower this morning, while U.S. stock futures and European markets are slightly higher. Short-term borrowing costs for Italian debt fell sharply from the high levels seen last month. This dose of good news is likely not a sign of things to come, sa... Read More
Closing Gold & Silver Market Report – 12/27/2011
CHINA-U.S. CURRENCY ‘WAR’ ESCALATING? Since the Mid-Day Gold & Silver Market Report, precious metals prices have remained relatively steady with some marginal gains. Between now and the new year, the Gold market “will see odd movements this week as many money managers have closed out the year, leaving the market with technical and h... Read More
Mid-Day Gold & Silver Market Report – 12/27/2011
IS EUROPE FOCUSING ON RIGHT PRIORITIES? The Gold price is lower as the eurozone crisis worsens instead of improves. Li Ning at Shanghai CIFCO Futures said, “Gold prices may be under pressure from a strengthening dollar in the next few months as the brightened economic prospects in the United States are likely to further boost the dollar index.... Read More
Morning Gold & Silver Market Report – 12/27/2011
CHINESE GOVERNMENT CRACKS DOWN ON GOLD EXCHANGES Gold, Silver, and U.S. stock futures are starting the week lower as the euro rises slightly against the dollar. Key economic reports expected to be released today include an index from the housing sector and a consumer confidence index. Although futures are down this ... Read More
Closing Gold & Silver Market Report –12/23/2011
GOLD, SILVER PRICES NEUTRAL On a day when the “Santa Claus Rally” boosted stocks almost 125 points, the S&P 500 squeaked into positive territory for the year. One year ago, most analysts were predicting a very strong year for the stock market with an S&P 500 climbing over 1,350 points. Today, investors are happy just to get positive gains... Read More
Mid-Day Gold & Silver Market Report – 12/23/2011
ITALY WANTS GROWTH; GOLD’S OUTLOOK BRIGHT Gold prices were slightly down, while Silver, Platinum and Palladium prices remained firm since the morning report, with little news affecting the market. Throughout 2011, investors have shifted several times from Gold to cash holdings with daily, weekly and monthly uncertainty in the market. Julian Phillips at GoldForecaster.com said, “Gold has had to face its own headwinds, not caused by poor fundamenta... Read More
Morning Gold & Silver Market Report – 12/23/2011
EUROZONE TROUBLES AHEAD Precious metals prices remained relatively steady in overnight trading. As 2011 winds to a close, a couple of noteworthy areas bear watching, and they involve the European debt crisis. The outlook for Gold remains positive for the beginning of 2012, with some analysts including Jeffrey Wright saying $1,800 to possibly $2,000 per ounce is likely in 2012. Wright said, “There will be further pressure on the U.S. dollar ... Read More
Closing Gold & Silver Market Report – 12/22/2011
EXPERTS SEE GOLD’S CONTINUED RISE; PAYROLL TAX SNAG COULD SLOW ECONOMY Although the price of Gold experienced a drop in the latter part of this year, falling by 13% in September and by 8% last week, most experts are unfazed and see the precious metal rising again in 2012. Jeffery Wright, a senior research analyst with Global Hunter Securities, recently said, “What I am... Read More
Mid-Day Gold & Silver Market Report – 12/22/2011
GOLD, SILVER PRICES MODERATELY LOWER In a day of little breaking news, precious metals prices have drifted lower in morning trading, while the U.S. stock market has been positive. Banks and the energy markets are leading gainers. The holiday season is traditionally a time of low-volume trading and slower news cycles. We would expect the same this season. Adrian Day is chairman and ... Read More
Morning Gold & Silver Market Report – 12/22/2011
U.S. WARNED AGAIN; MIXED ECONOMIC REPORTS RELEASED U.S. stock futures and the U.S. dollar are rising this morning, after the release of the weekly jobless claims report. Economists expected a rise in claims, but the report showed that 4,000 fewer people filed for unemployment benefits last week. As expect... Read More
Closing Gold & Silver Market Report – 12/21/2011
DIRECTION UNCLEAR IN TODAY’S GOLD, SILVER MARKETS Gold and Silver began the day strong, as did the U.S. equities market. The European Central Bank’s announcement that it was going to make nearly a half-trillion euros available for banks to borrow jump-started the markets. A total of 523 banks borrowed about 490 billion euros. The positive response in the markets resulted from expectations that t... Read More
Mid-Day Gold & Silver Market Report – 12/21/2011
NOT ALL IS QUIET ON THE HOME FRONT The National Association of Realtors said existing home sales increased by 4% in November. But those results were muddied after the association revised its calculations for 2010, saying the housing crash was, in fact, about 14% worse than previously thought. The association produced the revisions when it realized the numbers were being affected by various... Read More
Morning Gold & Silver Market Report – 12/21/2011
ECB TO LEND NEARLY 500 BILLION EUROS TO AILING BANKS Precious metals prices are relatively flat amid encouraging news out of Europe this morning, but U.S. stock futures have given up some early gains. The European Central Bank’s (ECB) lending program will be giving eurozone banks a total of 489 billion euros, w... Read More
Closing Gold & Silver Market Report – 12/20/2011
ECB MAY SELL GOLD TO COVER DEBT Gold prices are holding steady since the Mid-Day Gold & Silver Market Report with a positive boost for the day. It is a known fact that many central banks are increasing their holdings in gold. Financial analysts are curious if the distraught European countries such as Italy and France will have to se... Read More
Mid-Day Gold & Silver Market Report – 12/20/2011
GOLD PRICES CLIMB; REPUBLICANS OPPOSE SENATE-PASSED TAX CUT Gold prices have continued to climb in morning trading, along with prices for Silver, Platinum, and Palladium. One analyst attributed Gold’s rise to “dollar weakness, and it is likely that some traders have viewed the recent selloff as excessive and are tentatively re-entering the Gold mark... Read More
Morning Gold & Silver Market Report – 12/20/2011
GOOD NEWS FROM GERMANY LIFTS MARKETS The European debt crisis has been one of the biggest news stories of the latter part of the year. The ups and downs in the eurozone have played havoc with markets around the world. Today, a German-based think tank is saying that business sentiment rose sharply in December. That goes against expectations that such sentiment would decline. This is a good sign, as Germany often is considered the workh... Read More
Closing Gold & Silver Market Report – 12/19/2011
ENGLAND SCORNED, BACKS OUT OF IMF LOAN Since the Mid-Day Gold & Silver Market Report, precious metals prices have been steady, with some dips through the afternoon. There are concerns for South Korea after the death of... Read More
Mid-Day Gold & Silver Market Report – 12/19/2011
EXPERTS SAY GOLD’S FUTURE LOOKS PROMISING Precious metals prices are down since this morning. There is worldwide concern with how Europe is handling its debt crisis, and with the recent death of North Korea’s leader Kim Jong Il and how this will affect the North Korean economy. British Foreign Secretary William Hague expressed hope that North Korea’s new leader Kim Jong Un, the youngest son of Kim Jong Il, can bring that country out of isolation. Hague sai... Read More
Morning Gold & Silver Market Report – 12/19/2011
WHAT GEOPOLITICAL RISKS WILL SHAKE MARKETS IN 2012? The Gold price is rising moderately, while the Silver price is down this morning after choppy weekend trading. North Korean leader Kim Jong Il’s death sent Asian stocks downward, which is supporting the U.S. dollar along with the European debt crisis. Suki Cooper of Barclays Capital said the dollar’s strength Read More
Closing Gold & Silver Market Report – 12/16/2011
HOUSE PASSES BILL; RATING AGENCY FITCH PUSHES DOWNGRADES Since the Mid-Day Gold & Silver Market Report, precious metals prices have been on the rise. The good news surrounding the passing of the House bill to avert a government shutdown has been tempered by the ongoing European debt crisis. The uncertainty has been one factor ... Read More
Mid-Day Gold & Silver Market Report – 12/16/2011
GOLD PRICE MOVING TOWARD $1,600 Gold is seeing a steady recovery as the day continues after having been dealt a sharp blow in price earlier in the week. Much of Gold’s movement is inverse to the movement of the U.S. dollar, which is backing off some gain from earlier this week. It is not uncommon to see physical Gold investors move into the market at a time such as this. Robin Bhar, an analyst at Credit Agricole, said Read More
Morning Gold & Silver Market Report – 12/16/2011
DESPITE GOLD’S PRICE CHANGES, PHYSICAL DEMAND STILL INCREASING Gold is bouncing back from the losses experienced this week, along with Silver, Platinum, and Palladium. Bloomberg surveyed 21 economists on which direction Gold will take next week, and nearly half of them said they believe the price w... Read More
Closing Gold & Silver Market Report – 12/15/2011
IMF FEELS EUROPEAN CRISIS GETTING WORSE Since the Mid-Day Gold & Silver Market Report, precious metals prices have remained fairly stable. The outlook for gold remains quite strong. The relative strength index for gold remained below average for another day, which points to an attractive buying potential. In a note to its investors, Commerzbank analysts wrote, “... Read More
Mid-Day Gold & Silver Market Report – 12/15/2011
GOVERNMENT SHUTDOWN POSSIBLY HOURS AWAY The Gold price is lower since this morning’s rebound. There are various factors that have affected the price of Gold, such as the global economic outlook. Investors are keeping close watch on Europe, as the eurozone’s financial crisis has not been fully handled yet. Also, a stronger dollar has been negative news for Gold’s price. The Federal Reserve decided not to announce any further stimulus measure... Read More
Morning Gold & Silver Market Report – 12/15/2011
WITH GOLD, IT’S ALL ABOUT THE DOLLAR Gold and Silver prices have rebounded slightly along with the euro after falling to a three-month low Wednesday. Sharps Pixley’s Ross Norman said, “With the sharp falls we have seen (Wednesday), there is a bit of short-covering. The strength of the bounce, however, has been rather modest, bec... Read More
Closing Gold & Silver Market Report – 12/14/2011
GOLD PRICE FALLS TO 3-MONTH LOW The Gold price fell through the $1,600 barrier for the first time in three months. This was a decline of nearly 5%. Silver prices managed to fall through the $30 level and dropped 7% on the day. There was no breaking news, just the escalating concern about the E... Read More
Mid-Day Gold & Silver Market Report
GOLD PRICE FALLS BELOW KEY TECHNICAL BARRIER Gold prices have taken a sharp turn down today, dropping below the 200-day moving average for the first time in almost three years. The U.S. dollar is gaining, while stocks, commodities, and even Gold are losing ground. It isn’t a single occurrence but a series of... 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.
