Precious Metals Market Reports
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
Morning Gold & Silver Market Report – 12/14/2012
SILVER PRICE DROPS BELOW $30 Silver prices had been spending time below $30 per oz earlier this morning, but the price had bounced off its low by 8 a.m. (CST). Precious metals prices in general are under pressure on continued eurozone concerns. The euro continues to decline and 5-year Italian bond yields went to a record 6.47%. Read More
Closing Gold & Silver Market Report – 12/13/2011
ECONOMY ‘EXPANDS MODERATELY’ PER FED Since the Mid-Day Gold & Silver Market Report, precious metals prices have been on the decline, due in large part to technical selling. The outlook by financial analysts, though, still points to Gold as a safe-haven investment, largely on the Fed-supported view of economic uncertainty surrounding Europe. Read More
Mid-Day Gold & Silver Market Report
FED’S STIMULUS PLANS REMAIN UNCLEAR Gold prices are down slightly since this morning. Jay Taylor, president and chief executive of Taylor Hard Money Advisors, commented on the perception of Gold as a monetary metal, saying, “When confidence is lost in the currency system, Gold is usually the primary beneficiary.” Concern is brewing in the market over Moody’s war... Read More
Morning Gold & Silver Market Report – 12/13/2011
PHYSICAL COMMUNITY RESPONDS TO GOLD PULLBACK; FED STATEMENT DUE TODAY After dipping in overnight trading, precious metals prices have recovered. Currently, Gold and Palladium are near yesterday’s closing prices, while Silver and Platinum are enjoying slightly larger gains. Monday’s price drop was... Read More
Closing Gold & Silver Market Report – 12/12/2011
QE3 AT WHAT COST? Gold prices closed at a seven-week low today as the optimism investors felt last week gave way to the more familiar feeling of anxiety about Europe’s debt crisis. Michael K. Smith of T&K Futures expressed the opinion that investors are saying, “ ‘All right, let’s just get out and wait till next year,’ ” pointing to th... Read More
Mid-Day Gold & Silver Market Report – 12/12/2011
MOODY’S DOESN’T HELP THE MOOD – Two weeks of solid gains in the stock market seem to be over as all major indices, as well as gold, are down today. Moody’s rating service is keeping an eye on the countries in the euro area, as is the rest of the world. They said today that they would be reviewing the ratings of those countries. Stanley Nabi, New York based vice chairman of Silvercrest Asset Management Group, was quoted in a phone interview saying, “ Read More
Morning Gold & Silver Market Report – 12/12/2012
GOLD, SILVER PRICES FALL ON STRENGTHENING DOLLAR Last week, investors tried to be optimistic about the European summit deal. When official announcements were made Friday, markets tried to remain positive. But the lack of substance sunk in over the weekend, and confidence in the financial markets quickly began to wane. Britain made it clear that it want... Read More
Closing Gold & Silver Market Report – 12/9/2011
MORE WINNERS THAN LOSERS AFTER EU SUMMIT Precious metals prices remained relatively steady through afternoon trading. The outlook brightened for Gold following the good news coming from Brussels, Belgium, after the latest EU summit, which is being considered a marginal success. The result of the summit seems to be a closer fiscal union and an agreement on new treaty provisions. “There is a greater correlation toward the end of the year as most co... Read More
Mid-Day Gold & Silver Market Report – 12/9/2011
GOLD IS SOLID ASSET Precious metals prices were up and remained positive this morning. With Europe’s evolving debt crisis, investors are attracted to Gold as a way to safeguard their assets. One analyst said investors are acting on concern and fear by buying Gold. He claimed this is a direct respon... Read More
Morning Gold & Silver Market Report – 12/9/2011
NEW FISCAL EU IN THE WORKS Not all the European Union countries are on board yet, but after overnight talks in Brussels, Belgium, 23 European nations (including all 17 eurozone members) are planning on a new intergovernmental treaty for fiscal discipline. This “fiscal compact” includes caps on Gross Domestic Product deficits, consequences for deficits exceeding 3% of GDP, addition... Read More
Closing Gold & Silver Market Report – 12/8/2011
ONE STEP FORWARD, TWO STEPS BACK AT EU SUMMIT Precious metals prices stabilized through afternoon trading, maintaining the lows reported in the Mid-Day Market Report. The news started good this morning with European Central Bank (ECB) President Mario Draghi’s announcement of a cut in interest rates, but hopes were quickly tempered ... Read More
Mid-Day Gold & Silver Market Report – 12/8/2011
TIME NOT ON EUROPE’S SIDE Precious metals and U.S. stocks were down in morning trading. The market change resulted from the interest rate announcement from the European Central Bank (ECB). The market was hopefully awaiting the news that the ECB would begin to aggressively buy bonds. However, ECB President Mario Draghi announced the opposite. When bonds are purchased assertively, it pushes cash into the system, but this currently is not an option. The ECB has ... Read More
Morning Gold & Silver Market Report – 12/8/2011
CENTRAL BANKS’ GOLD PURCHASES MAY RISE BY 300% THIS YEAR This week, news about the European Union is driving major market movement. Today is no exception, as we watch the reaction after the European Central Bank cut its key lending rate by a quarter-point, from 1.25% to 1%. What the long-term result will be is uncertain. But the knee-jerk reaction undoubtedly will cause a ripple in the markets. Still, tomorrow’s news might make today’s seem... Read More
Closing Gold & Silver Market Report – 12/7/2011
GERMANY RAINING ON PARADE; WHAT IS ISRAEL DOING? During afternoon trading, Gold has been relatively stable in price. In a note to investors, ANZ analysts wrote, “If European leaders manage to come up with a plan, we will likely see a relief rally in the euro, which will take Gold higher with it.”' Platinum continues to run at a discount to Gold over the past three months, which is the metal’s longest dis... Read More
Mid-Day Gold & Silver Market Report – 12/7/2011
EUROPE FEELING THE PRESSURE Precious metals prices were holding firm since this morning, even though the market was concerned with whether European leaders will shore up the region’s debt issues at this Friday’s planned European Union summit. The stock market and the euro are down on reports that the European Stability Mechanism possibly might take control of the European rescue fund soon. RBC Wealth Management’s Philip Dow said, Read More
Morning Gold & Silver Market Report – 12/7/2011
NEXT STOP FOR GEITHNER: FRANCE Reports of positive economic news were enough to lift Wednesday’s stock futures. Investors are waiting on the results from Thursday’s European Central Bank meeting, in which the result is expected to be a lowering of interest rates. The big card on the table is the proposed new EU treaty that would include... Read More
Closing Gold & Silver Market Report – 12/6/2011
NEW EU “BAZOOKA” IN THE WORKS? The Gold price stabilized throughout afternoon trading, approaching even trading for the day after volatility in the currencies market and technical selling. World markets seem to be taking a breath before the upcoming European Union financial meeting set to begin Friday. The prognosis for Gold looks appealing in this financial crisis. Analyst Michael Block, of Phoenix Partners Group, said, “It is going to be ... Read More
Mid-Day Gold & Silver Market Report – 12/6/2011
RECESSION MIGHT HIT EUROZONE SOONER THAN EXPECTED Gold and silver prices were moving up from morning lows. Silver was in positive territory. The persistent negativity coming from Europe is the main factor pushing prices down recently. Georgette Boele, global head of FX and commodity strategy at ABN Amro, said, “We are also seeing a cutback on positioning because the year has been very volatile, and ... Read More
Morning Gold & Silver Market Report – 12/6/2011
OPTIMISM ABOUNDS, BUT SO DOES DOMINO EFFECT Precious metals prices were slipping this morning due to worries over the European debt crisis. Gold, specifically, is still widely regarded as a safe-haven asset, though recently it has moved in line with other assets (such as stocks) as investors use the metal as an insurance policy. When inves... Read More
Closing Gold & Silver Market Report – 12/5/2011
S&P PLACES EUROZONE ON NOTICE; RUSSIANS PROTEST ELECTION The price of Gold fell for the day on technical selling. “We have seen Gold moving along in tandem with equities. However, it is way too early to say that Gold will lose its safe-haven status …,” said David Meger, director of metals trading at Vision Financial Markets. The prices are still correlated to what is going on in Europe. The other sho... Read More
Mid-Day Gold & Silver Market Report - 12/5/2011
FRANCE, GERMANY AGREE ON EURO TREATY; PLATINUM ORDER SEEN Gold prices are down a bit since this morning. Gold most recently has traded by reacting inversely to the strength of the dollar, with the European crisis being in the headlines the past few weeks. CommerzBank stated, “Speculative financial investors are still showing reticence. … G... Read More
Morning Gold & Silver Market Report – 12/5/2011
GERMAN, FRENCH LEADERS TO ATTEMPT TO SOLVE EURO PUZZLE The Gold price is dipping this morning as U.S. stock futures rise amid optimism regarding a resolution to the eurozone debt crisis. The focus mainly has remained on Europe recently, and this week looks to be no different, with a European Union summit on ta... Read More
Closing Gold & Silver Market Report – 12/2/2011
GOLD PRICES HOLD AS STOCKS GIVE UP EARLY GAINS Gold prices maintained their morning gains, but the same was not true for the stock market. Stocks gained as much as 150 points, but gave back all of the gain by day’s end. It might be that Friday’s jobs report was not as positive as first viewed. The overall unemployment rate fell to 8.6%, but that might be explained by the number of pe... Read More
Mid-Day Gold & Silver Market Report – 12/2/2011
SOUTH KOREA INCREASES GOLD HOLDINGS; BRITAIN SPEAKS ON EURO SITUATION Precious metals prices have pulled back from morning highs amid optimism in the U.S. economy. Internationally, for the second time this year, the Bank of Korea has increased its gold holdings, helping gold to its biggest weekly ga... Read More
Morning Gold & Silver Market Report – 12/2/2011
UNEMPLOYMENT RATE DROPS BELOW 9% This morning’s jobs report shows 120,000 jobs were created in November. Although this falls just short of the anticipated number of 122,000, the jobless rate fell to 8.6%. Although part of this drop is attributed to those who have given up looking for jobs, it is the first time in several years the unemployment rate has been below 9%. ... Read More
Closing Gold & Silver Market Report – 12/1/2011
WILL FUTURE GENERATIONS KNOW EU? Precious metals prices held strong for the day with the prospect of a growing monetary disaster. With global central banks coming together Wednesday to prevent a more severe financial crisis, investors might be considering an exit from riskier investments. Bank of Montreal strategy adviser Don Coxe said that Read More
Mid-Day Gold & Silver Market Report – 12/1/2011
SUPER COMMITTEE WORK MIGHT RESUME The Gold price is down marginally since the Morning Gold & Silver Report, with the continued confusion on what is actually happening in the European debt crisis. In an interview with Money & Investing Editor Jonathan Burton from Market Watch, Adrian Day, president of investment ... Read More
Morning Gold & Silver Market Report – 12/1/2011
IN A FAST-PACED WORLD, FAST-PACED CHANGE Yesterday’s market rally was a breath of fresh air for both the equity markets and commodities such as gold. However, weak economic data from China and continual changes in the eurozone drama are pointing to a less robust day today. China saw their manufacturing sector contract shr... Read More
Closing Gold & Silver Market Report – 11/30/2011
GOLD REACHES TWO-WEEK HIGH; S&P SEES SHIFT IN ASIA’S FAVOR Prices for Gold, Silver, Platinum, and Palladium all ended up for the day, with Gold reaching a two-week high and gaining for a third straight session. Gold’s boost comes from investors encouraged by plans from central banks around the world to cut costs on borrowi... Read More
Mid-Day Gold & Silver Market Report – 11/30/11
GOLD BUG HITS INVESTORS The Gold price has held steady since the Morning Gold & Silver Market Report. Analysts have made numerous predictions as to how Gold will perform in the future. In a CNBC interview, Jim Rogers, chairman at Rogers Holding, said, “I would suspect Gold will go much hig... Read More
Morning Gold & Silver Market Report – 11/30/2011
WORLD’S CENTRAL BANKS COOPERATE TO HELP ECONOMY In early-morning trading, precious metals are gaining on good economic news. U.S. private-sector jobs grew by 206,000 for November, well above estimates. Read More
Closing Gold & Silver Market Report – 11/29/2011
EUROZONE MINISTERS STRUGGLE TO SAVE THE EURO; EXECUTIVE WARNS OF DEBT CRISIS OUTCOMES Since the Mid-Day Gold & Silver Market Report, the price of Gold has continued to climb, experiencing its second session of gains and ending higher than it has in more than a week. G... Read More
Mid-Day Gold & Silver Market Report – 11/29/2011
EUROPE NOT ON THE BACK BURNER YET The Gold price is up slightly since the Morning Gold & Silver Market Report, with the European debt crisis and domestic credit issues still raging in the news. Gold is known to be a volatile and liquid asset. James Moore, a research analyst at FastMarkets.com, said, “ Read More
Morning Gold & Silver Market Report – 11/29/2011
EUROPE IS BAD, BUT SO IS U.S.; ANALYSTS STILL LOVE GOLD Gold prices have risen after an overnight dip, and stock futures have pulled back slightly from early gains. The stock market is rising mainly based on hopes that European leaders will be able to solve the debt problem in the region. After a bond sale, Italy’s borrowi... Read More
Closing Gold & Silver Market Report – 11/28/2011
WILL INFLATION PUSH GOLD OVER $2,000? Precious metals prices have held steady this afternoon as the dollar grew weaker on the hope that the euro would be saved by a stronger fiscal union needed to avoid a debt crisis. Sharing his opinion of the recent moves in gold, Oliver Purshce, co-portfolio manager of the GMG Defensive Beta Fund, said, “Great retail U.S. news; you’ve got some positive momentum out of Europe; to a certain extent there is a little bit of short co... Read More
Mid-Day Gold & Silver Market Report – 11/28/2011
GOLD HOLDS ON TO GAINS IN MORNING TRADING Gold, which posted big gains in overnight trading, held on to most of the climb it made, although prices did slip slightly. Silver is higher since this morning’s Market Report, having posted an increase of more than 3.5%. Platinum and palladium prices also are up today, although the gold price is still higher than platinum’s, a pattern rarely seen in markets lately. Although stock markets are higher today, fear surr... Read More
Morning Gold & Silver Market Report – 11/28/2011
PRECIOUS METAL PRICES ARE RISING THIS MORNING Precious metals prices, along with the world equity markets, are all rising this morning on rumors coming out of the European debt crisis. Read More
Closing Gold & Silver Market Report – 11/23/2011
EUROPEAN COMMISSION REQUESTS EUROBONDS TO BE BACKED BY GOLD Precious metals have remained steady from earlier trading as we head into Thanksgiving. News of the German bonds have put an even more negative light on the situation in Europe and stocks tumbled as a result. Chinese manufacturing activity was down in November, its lowest in 32 months Read More
Mid-Day Gold & Silver Market Report – 11/23/2011
THE FEAR OF EUROPEAN COLLAPSE REARS ITS HEAD Precious metals prices are on the rise since the Morning Gold and Silver Market Report, heavily due to the continued debt crisis in Europe returning to the spotlight. The focus for now has been lifted off of the U.S. cutting its deficit. The global turmoil has caused a rush to cash positions or bonds, wit... Read More
Morning Gold & Silver Market Report – 11/23/2011
GOLD’S BULLISH FACTORS REMAIN; FRANCE, GERMANY CLASH Gold prices are dipping this morning along with the euro as a result of the latest developments in the European debt crisis. The U.S. dollar’s rise has limited the effect of the safe-haven buying of gold, which is still very much intact. Gold prices are down just 1% in November after last week’s heavy selling. Credit Agricole analyst Robin Bhar said, “We’r... Read More
Closing Gold & Silver Market Report – 11/22/2011
GOLD & SILVER PRICES RISE IN RESPONSE TO GDP NEWS; EUROZONE FUNDING DEMANDS HIT TWO-YEAR HIGH Since the Mid-Day Gold & Silver Market Report, gold and silver prices have dropped slightly, but have experienced a strong day overall with gold again topping $1,700. The price of platinum has remained stable, while the price for palladium has increased since noon. ... Read More
Mid-Day Gold & Silver Market Report – 11/22/2011
AMERICANS COULD BE LEFT WITH LESS AFTER SUPER COMMITTEE FAILURE Gold has steadily gained in morning trading, thanks to the U.S. economy taking hits from the third-quarter growth rate being revised downward and the failure of the congressional Super Committee to come to an agreement on reducing the budget deficit. Sterling Smith, an analyst at Country Hedging Inc., said, “ Read More
Morning Gold & Silver Market Report – 11/22/2011
GDP GROWTH REVISED DOWNWARD; U.S. RECOVERY IN DOUBT? In overnight trading and since the Closing Gold & Silver Market Report, precious metals prices have rallied to some extent, but the safe-haven appeal of gold seems to be on the rise due to the failure of the congressional Super Committee and the most recent news that Gross Domestic Product (GDP) data for the t... Read More
Closing Gold & Silver Market Report – 11/21/2011
NO DEAL ON SPENDING CUTS COULD LEAD TO FURTHER LOSSES & DOWNGRADES Gold and silver have bounced off of their lows for the day, but still have posted significant drops today, following the announcement by members of the congressional super committee that no deal would be reached by Wednesday’s deadline. Gold was pushed down, in part, by a stronger dol... Read More
Mid-Day Gold & Silver Market Report – 11/21/2011
LACK OF RESOLUTION HURTS MARKETS; NUCLEAR CONCERNS RISE Precious metals prices have declined since the Morning Gold & Silver Market Report. This is primarily a move to cash by investors based on much uncertainty in the markets, globally and domestically. Despite the drop in prices, strategists including Anne-Laura Tremblay of BNP Paribas say the Read More
Morning Gold & Silver Market Report – 11/21/2011
CENTRAL BANKS BUYING MORE GOLD; SUPER COMMITTEE DEFEATED Gold is trading lower than Friday’s close this morning, as U.S. stocks are bracing for a steep drop. The focus on Europe will likely shift to the mounting debt issues in the U.S. this week, as the congressional Super Committee faces a deadline Wednesday. The bi-partisan committee will need t... Read More
Closing Gold & Silver Market Report – 11/18/2011
SUPER COMMITTEE TALK NEAR COLLAPSE; GOLD ENDS THE DAY UP Gold prices ended the day with a modest rise, in contrast to losses seen in the previous two sessions, as investors turned to the precious metal at the end of the day. Broker and futures analyst Frank Lesh of FuturePath Trading said support for gold is coming from “safe-haven buying ahead of the weekend.” Pri... Read More
Mid-Day Gold & Silver Market Report – 11/18/2011
WILL THIS BE THE LOST DECADE OF EUROPE? Precious metals are steady so far today on conflicting news of global and local economies. The stepping in of the European Central Bank to buy Italian and Spanish debt went a long way to ease fears of further recession and stocks both in Europe and the U.S. were up slightly on the news. It also helped boost... Read More
Morning Gold & Silver Market Report – 11/18/2011
GOLD PRICES MOVING UP ON DECLINING DOLLAR Gold prices suffered a 3% decline yesterday, and Silver, Platinum and Palladium prices showed sharp drops, as well. Although there is little actual news coming out of the European debt crisis, there are plenty of opinions as to how this will unfold. Yesterday, the winds were pessimistic, so the Gold and equity markets suffered. Gold’s decline largely was due to the weakening of the euro, which triggered a strengthening of the U.S. do... Read More
Closing Gold & Silver Market Report – 11/17/2011
EUROPEAN CONCERNS CONTINUE TO WEIGH ON MARKETS Precious metals prices have remained steady since declining sharply in early trading. The Dow market experienced another triple-digit loss, while the NASDAQ was down almost 2%. Gold and silver prices dropped today as a reaction to the equity market decline, as investors covered margins. European debt concerns flared, driving down the value of the euro and thus increasing the value of the U.S. dollar.This also put downw... Read More
Mid-Day Gold & Silver Market Report – 11/17/2011
GOLD SERVING PURPOSE IN SHORING UP LOSSES Gold has dipped since the Morning Gold & Silver Market Report due to the ongoing debt crisis in Europe and the effect the crisis is having on stocks. Marcus Grubb of the World Gold Council said that with the debt crisis lingering, “investors move out of risky assets, they move out of equities, they move into short-dated bonds and into cash, Read More
Morning Gold & Silver Market Report – 11/17/2011
CENTRAL BANKS’ GOLD DEMAND WAY UP IN THIRD QUARTER According to a quarterly report just released by the World Gold Council, central banks have purchased more gold in the third quarter than they have in decades. Although the council cannot reveal the details regarding these purchases, it did say a “slew of new entrants emerged wishin... Read More
Closing Gold & Silver Market Report – 11/16/2011
U.S. STOCKS TAKE SHARP LOSSES; FED OFFICIAL WARNS OF LONG RECOVERY Since the Mid-Day Gold & Silver Market Report, prices of all four precious metals have slid. Matt Zeman, a senior market strategist with Kingsview Financial, said the low volumes were a result of traders gearing up for this weekend a... Read More
Mid-Day Gold & Silver Market Report – 11/16/2011
ANOTHER DAY, ANOTHER NEW EUROPEAN GOVERNMENT Precious metals prices have remained relatively steady since the Morning Gold & Silver Market Report. Global markets are taking a wait-and-see approach based on current European volatility, with Spanish bond yields also approaching uncomfortable limits. The global uncertainty “underscores the renewed confidence in the... Read More
Morning Gold & Silver Market Report – 11/16/2011
WILL GOLD BE THE ONLY WINNER IN THE EUROZONE CRISIS? In an article today by Matthew Lynn for MarketWatch, Lynn presents a compelling case that gold may turn out to be the only winner in the eurozone crisis. In a scenario where sovereign bonds have been hammered, equities are neutral year-to-date with high volatility, eurozone banks are taking huge haircuts o... Read More
Closing Gold & Silver Market Report – 11/15/2011
GOLD ENDS HIGHER AS NERVOUS INVESTORS STILL SEEK SAFE HAVEN Gold prices closed the day slightly higher. Silver prices closed with a solid gain of about 1.5%. This time of year, hedge funds and other investment firms are required to make regulatory filings with the SEC and report their holdings. These reports can give an indication as to the outlook of some of the world’s savviest investors. It appears that many are c... Read More
Mid-Day Gold & Silver Market Report – 11/15/2011
FED CONSIDERS DOWNSIZING BANKS ‘TOO BIG TO FAIL’ Precious metals prices have gained since early morning trading. News from the International Monetary Fund indicated that China’s growth will start to gradually slow. IMG Deputy Director Min Zhu said, “All the data says that China is moving to a soft landing.” John Paulson, the hedge fund manager... Read More
Morning Gold & Silver Market Report – 11/15/2011
EUROPEAN SITUATION FRAGILE; GEOPOLITICAL TENSION CONTINUES Gold is trading down this morning, shadowing the expected slump of U.S. stocks due to the euro zone debt crisis. The ongoing fears over the debt problems in Europe has been contagion. Before Greece, there was Ireland, Portugal, and Greece again. The recent, second bailout of Greece was intended to stop such contagion, but that has not gone as planned. Read More
Closing Gold & Silver Market Report – 11/14/2011
NEW GERMAN POLICY SUPPORTS ALLOWING COUNTRIES TO EXIT EURO Precious metals prices have remained relatively steady in afternoon trading. Stock markets around the world rose on news of a 6% jump in Japan’s economy as it finally starts to show signs of recovery after the devastating earthquake and tsunami earlier this year. Some people have voiced belief that the shift in power in Greece and Italy represents a major step toward solving the European debt crisis. On the... Read More
Mid-Day Gold & Silver Market Report – 11/14/2011
EURO ZONE’S OPTIMISM FADING; SUPER COMMITTEE DEADLINE NEARS Gold prices have fallen today, pushed down by a strengthening of the U.S. dollar that has come in response to renewing fears that Greece and Italy won’t be able to adequately address their debt issues. With Italy and Greece trying to form new governments to curtail the debt crisis in the euro zone, markets in the U.S. Read More
Morning Gold & Silver Market Report – 11/14/2011
Europe Could Be Facing Toughest Hour Since World War II The U.S. stock futures are looking to open weaker on continued concerns in Europe. Precious metals prices have drifted lower as well. Last week, gold prices briefly went over $1,800 per oz before backing down. German Chancellor Angela Merkel came out today and said that Europe could be facing its toughest... Read More
Closing Gold & Silver Market Report – 11/11/2011
EURO ZONE WORKS TO AVOID MELTDOWN; U.K. PREPARES FINANCIAL CONTINGENCY PLAN Between the posting of the Mid-Day Gold & Silver Market Report and now, the price of gold has risen slightly. For the week, despite declining prices the past two sessions, gold saw an overall gain of 1.8%. Michael K. Smith, with T&K Futures, indicated that gold seems to be returning to its more normal... Read More
Mid-Day Gold & Silver Market Report – 11/11/2011
ITALY MIGHT HAVE TO LEAVE THE EURO; U.S. AT STALL SPEED Precious metals have risen since this morning and look as though they will continue to rise and stocks rally (DOW up 270 points). There are many who have high hopes that new leadership in Greece and Italy will help turn things around, but others still feel that it is not the leadership that is the problem and that nothing will change with the new leaders... Read More
Morning Gold & Silver Market Report – 11/11/2011
COULD $2,000-AN-OUNCE GOLD BE WITHIN REACH? In overnight trading, precious metals prices have been on the rise. The euro’s value is on the rise, and the dollar’s value is down this morning, which is leading to the increase. An interesting perspective surrounds the frozen assets of MF Global’s customers. However, gold’s position is still seen as strong in the marketplace. Standard Bank a... Read More
Closing Gold & Silver Market Report – 11/10/2011
Precious metals rise against today’s lows. News of Greece and Italy has slowed down today and markets are up around the world, but not all have recovered from yesterday’s losses. Yes, Italy and Greece are very much on-going and vital issues; however, some feel as though the markets have reacted sufficiently and that the world can move forward from here. Art Hogan, head of product strategy, equity research at Lazard Capital Markets, said, Read More
Mid Day Gold & Silver Market Report – 11/10/2011
ITALIAN CRISIS SPURS BREAK-UP FEARS; JOBLESS CLAIMS AND TRADE DEFICIT FIGURES RELEASED Economic worries in the euro zone continue to hold the financial world’s attention, with worries that the zone might break-up developing as a result of ongoing uncertainty in Italy, both economic and political. Borrowing costs for Italy, which has the third largest economy in Europe, have reached levels widely seen as unsustainable, a... Read More
Morning Gold & Silver Market Report – 11/10/2011
EUROPEAN UNION WARNS OF ‘DEEP PROLONGED RECESSION’ The European Union (EU) has significantly slashed its 2012 growth forecasts fo... Read More
Closing Gold & Silver Market Report – 11/9/2011
U.S. STOCKS DROP AS ITALIAN BOND YIELDS REACH ‘UNSUSTAINABLE’ LEVELS Precious metals prices have continued to drop since the Midday Gold & Silver Market Report. Gold futures saw a loss today, the first in three sessions, driven down by anxiety over Ita... Read More
Mid-Day Gold & Silver Market Report – 11/9/2011
IMF CHIEF WARNS OF ANOTHER LOST DECADE; GREEK PM RESIGNS Gold and silver prices have slipped somewhat since the morning commentary. Stock markets have also fallen sharply as worries about Italy becoming the next Greece abound. Greek Prime Minister George Papandreou will hand in his resignation today. No official wor... Read More
Morning Gold & Silver Market Report – 11/9/2011
Markets Plunge as Italian 10-year Bond Climbs Above 7% Yesterday, many analysts said an Italian 10–year bond above 6% would be unsustainable. Today, the Italian 10-year bond has climbed well above the 7% benchmark that no analyst disputes as being unsustainable. The 7% threshold is the point at which institutional i... Read More
Closing Gold & Silver Market Report – 11/8/2011
The price of Gold peaked briefly above $1,800 before short-term profit taking took prices quickly lower. Silver prices quickly rose about the same time but also dropped after peaking at $35.35. “The daily battle is headlines from Europe (and) short-term profit taking, which keeps gold’s progression higher in check,” said Jeff Wright, managing director... Read More
Midday Gold & Silver Market Report – 11/8/2011
GOLD PASSES $1,800 AS CONTAGION THREATENS EURO ZONE Precious metals prices have gained slightly this morning following a meeting of Greek party leaders. The subject was whether to make Lucas Papademos the new prime minister. There was no word about whether Papademos had accepted the position. Panagoitis Dimitriadis, a public sector pensioner, commented on the severity of this decision, saying, “If this government doesn’t work out, we are lost.” Greece is n... Read More
Morning Gold & Silver Market Report – 11/8/2011
DRAMA CONTINUES IN ITALY, GREECE In overnight trading, gold and silver prices remained relatively steady. Calyon analyst Robin Bhar said, “Nothing goes up in a straight line, (though) it’s all safe-haven driven; it’s all (Italian Prime Minister Silvio) Berlusconi trading. You can’t let Italy fail, but it’s too big to rescue.” He mentioned that... Read More
Closing Gold & Silver Market Report – 11/7/2011
PRECIOUS METALS END THE DAY UP; CONCERN GROWS FOR ITALY Prices of precious metals have continued to rise since the Midday Gold & Silver Market Report, spurred on by anxiety over the debt crisis in the euro zone and by reports that a call to use German gold reserves to “sho... Read More
Midday Gold & Silver Market Report – 11/7/2011
WILL EU DO ENOUGH TO CONTAIN CRISIS? Precious metals prices have continued their climb on safe-haven appeal since the Morning Gold & Silver Market Report. The fallout over the Greek prime minister’s resignation and continuing concerns over Italy’s prime minister continue to permeate markets across the globe. “ Read More
Morning Gold & Silver Market Report – 11/7/2011
Gold & Silver Up as All Eyes Are on Italy - Greece has decided to accept a bailout. Although this is far from a solution, it does clearly set the focus on Italy. Italy is the region’s third-largest economy, and concerns on whether Italy can get its economic house in order continue to rattle the markets. Markets had rallied on the rumors that Read More
Closing Gold & Silver Market Report – 11/4/2011
GOLD OUTPERFORMS OTHER METALS, IS INSURANCE AGAINST EUROPEAN ‘TIME BOMB’ Precious metals have been fairly flat today as the news stays the same in Europe and the U.S. Metals gained slightly after the European Central Bank announced it was cutting its rates by a quarter-point. This makes the U.S. dollar stronger, which trad... Read More
Midday Gold & Silver Market Report – 11/4/2011
ITALY REFUSES SUPPORT, STEPS BACK INTO THE NEWS Precious metals prices have trended downward since the Morning Gold & Silver Market Report. This is primarily due to the rise in value of the dollar and the continuing European debt crisis. With all the concern in Europe, some analysts, including Michael Lewis of Deutsche Bank, believe that " Read More
Morning Gold & Silver Market Report – 11/4/2011
UNEMPLOYMENT TICKS DOWN; ITALY TO FOLLOW GREECE After a night of mixed trading, precious metals have dipped after the release of the jobs report. Economists expected an increase of 90,000 jobs, but the numbers missed that point by 10,000. The good news from the report was that the unemployment rate fell to 9.0% from 9.... Read More
Closing Gold & Silver Market Report – 11/3/2011
Could Gold Be in for a Record Rally? A story in Bloomberg by Debarati Roy, indicates that gold could be headed to record prices by March, according to those with the most accurate record of forecasting gold prices. These forecasts are driven by a stagnating global economy and a long drawn out European debt crisis.... 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.
