Precious Metals Market Reports
Closing Gold & Silver Market Report – 9/27/2011
GOLD MAKES 12% RECOVERY Precious metals have relaxed a little since mid-day trading, however they have not strayed far. Gold has recovered 12% since yesterday’s numbers as the other precious metals are also sharing in a nice recovery. Investors seem to be taking advantage of the dip in prices. George Gero, Senior Vice President at RBC Capital markets, says, “We may see the new trading range develop at the higher level, $1,625-$1,700…gold’s rally is a major relief t... Read More
Mid-Day Gold & Silver Market Report – 9/27/2011
GLOBAL STOCKS SURGE, BUT DIFFICULTY LOOMS Precious metals are on the rise since the Morning Gold & Silver Market Report. The rise has been fairly brisk amid talks of global stock markets’ overall rise and tempered by uneasy talks on eurozone bailout. Read More
Morning Gold & Silver Market Report – 9/27/2011
STOCKS, METALS RALLY; U.S. IN MORE TROUBLE THAN EUROPE? U.S. stock futures are signaling a continuing rally for stocks today, as investors are banking on hopes that eurozone officials will be able to get Greece back on track and rein in the sovereign debt crisis that is threatening the European region. Gold is up sharply on the hop... Read More
Closing Gold & Silver Market Report - 9/26/2011
Very Odd Day in the Marketplace – The U.S. Stock Market began the day off strong, then faded, then recovered, then faded and then boomed 200 points at the close, to finish above 11,000 for the day. Bond prices fell as stocks rose, all based on the hope that European leaders will commit some cash to bailout the European countries, who need to be bailed out. There has been n... Read More
Mid-Day Gold & Silver Market Report – 9/26/2011
Volatility is the Word for the Day! – Gold and silver prices have been moving in wide swings all morning, while continuing to trend down. Both gold and silver have traded in positive territory, but have since given up gains. Price movements have been dramatic. As dramatic as gold prices have been of late, an article by Jan Harvey in Reuter’s today points out that Read More
Morning Gold & Silver Market Report – 9/26/2011
Gold Prices Slide to $1,532 Overnight, But Have Since Rebounded Sharply – As investors continue to sell gold to cover other los... Read More
Closing Gold & Silver Market Report – 9/23/2011
Gold Plunges $100 Before Rebounding – Gold prices fell as fears mounted of a global recession and hope of a positive end to the Greek crisis waned. It would be fair to say a small dose of panic was injected as well. At one point, gold was down 6 percent. Silver futures closed down 18 percent. In the crunch for cash, precious metals became just another commodity... Read More
Mid-Day Gold & Silver Market Report – 9/23/2011
Hedge Funds Are Driving Down Gold Prices – Hedge funds are selling gold and this is the number one reason why gold prices are down. The big question: “Are they selling because they are no longer bullish on gold or are they selling because they need to raise cash quickly and gold is a highly liquid asset?” Hedge funds not only need to raise cash to cover margin calls, in turbulent times like these, redemption requests increase and this to... Read More
Morning Gold & Silver Market Report – 9/23/2011
Global Markets Continue to Fall, While Political Leaders Continue to Fiddle – As leaders around the globe continue to provide more talk than action, traders are selling whatever they can get their hands on. European stocks tried to rally overnight, on the promise from the G-20 that European parliaments would work over the next several weeks to come up with a way to increase the bailout fund to troubled euro-area banks. It... Read More
Closing Gold & Silver Market Report – 9/22/2011
Recession Fears Drive the DOW Down – The U.S. stock market extended its sell-off to four days, as it traded down 391 points. Today’s volume was extremely heavy, which may be an indication that traders fear more losses to come. Markets are down worldwide, as recessionary fears are global and not just in the U.S. Read More
Mid-Day Gold & Silver Market Report – 9/22/2011
Gold Prices are Bouncing Off Morning Lows – The U.S. Stock market is falling along with global equity markets around the world. The DOW is down over 400 points, as concerns grow over the state of the global economy. Gold and precious metal prices have been dragged down along with stock prices, although the very news driving stock prices... Read More
Morning Gold & Silver Market Report – 9/22/2011
GLOBAL SLOWDOWN BRINGS STOCKS AND METALS DOWN In overnight trading, precious metals steadily declined due to a strong U.S. dollar until early this morning, when they dropped sharply. This is likely due to investors bracing for impact, as U.S. stock futures are pointing to a sharply lower open for Wall Street. The economic outlook... Read More
Closing Gold & Silver Market Report – 9/21/2011
BERNANKE RESPONDS TO MARKET’S JITTERBUGS; DOES THE TWIST The much-anticipated, much-speculated announcement from the Federal Open Market Committee came this afternoon and confirmed what most analysts were predicting: A strategy known as “Operation Twist.” Precious metals and stock markets are down following the announcement. Read More
Mid-Day Gold & Silver Market Report – 9/21/2011
FED STEPPING IN, GLOBAL ACTION NEEDED Prices have remained relatively steady since the Morning Gold & Silver Market Report. The relative evenness of prices is supported by news that new construction of homes fell, but Read More
Morning Gold & Silver Market Report – 9/21/2011
ALL EYES ON FOMC; BULLION VAULTS FULL In overnight trading, gold prices rose before falling to the current level on a stronger dollar. U.S. stock futures are pointing to a positive open this morning for Wall Street, thanks to optimism that positive news for the market will emerge from the Federal Open Market Committee (FOMC) ... Read More
Closing Gold & Silver Market Report – 9/20/2011
IMF GIVES NOT SO NICE GLOBAL OUTLOOK; CENTRAL BANKS BUY UP GOLD Precious metals have done well today on the news of the negative global outlook that the International Monetary Fund (IMF) released, as well as Italy’s credit downgrade, and the lowest housing numbers since April. The IMF report stated that the global outlook for economic growth was for a “weak and bumpy expansion,” with which equate... Read More
Mid-Day Gold & Silver Market Report – 9/20/2011
GREECE LIKELY TO DEFAULT, BUT IS EURO BREAKUP ‘EXAGGERATED?’ In early-morning trading, both the stock market and the precious metals market are up moderately. The movement in the metals market is thanks to a “move to safety,” as Tom Pawlicki of MF Global says, after S&P cut Italy’s sovereign debt rating. Perhaps speaking not just of Italy, ... Read More
Morning Gold & Silver Market Report – 9/20/2011
S&P Cuts Italy’s Rating – Gold Prices Climb – Standard & Poor’s (S&P) cut Italy’s debt rating yesterday on concerns that the on going debt crisis will raise borrowing costs throughout the euro zone. This move surprised many and only puts more pressure on policymakers to lead. The chief commodity analyst at Oslo based SEB AB... Read More
Closing Gold & Silver Market Report – 9/19/2011
STOCKS PARE LOSSES AFTER GREEK CONFERENCE CALL; OBAMA UNVEILS DEFICIT PLAN Between the Mid-Day Gold & Silver Report and the posting of this report, precious metals prices have continued to slide, ending the day at a three-week low as investors cashed in their gold. Brien Lundin,... Read More
Mid-Day Gold & Silver Market Report – 9/19/2011
DOLLAR RISES, AS DO GREEK DEBT FEARS Since the Morning Gold & Silver Market Report, precious metals prices have tumbled, largely due to the rising value of the dollar and continued skepticism over a resolution of the debt situation in Greece. "Given ongoing problems in the eurozone and the financial s... Read More
Morning Gold & Silver Market Report – 9/19/2011
European Banks Become Net Buyers of Gold – Most of us know that central banks, as a whole, became net buyers of gold in 2010, thus reversing a 20-year pattern of net selling. Although this was true as an aggregate number, European banks were still net sellers of gold in 2010, but in 2011, they too have jumped on the bandwagon. European central banks have become net buyers ... Read More
Closing Gold & Silver Market Report – 9/16/2011
U.S. STOCKS CLOSED HIGHER FOR 5TH DAY IN A ROW Precious metals have settled since mid-day trading as two U.S. stock indexes continue to rise. Some have an optimistic look at the future of our world’s financial situation, thinking there is a seemingly simple solution to the current financial and political problems we are having. Benjy Schwartz... Read More
Mid-Day Gold & Silver Market Report – 9/16/2011
EUROPE REBUFFS GEITHNER, PAYROLL DATA AROUSES CONCERNS Trading this morning has been relatively brisk based largely on concerns emanating from U.S. Treasury Secretary Timothy Geithner’s advice being relatively ignored by European Union (EU) financial ministers and payroll data causing at-home economic concerns to grow. Since the Morning Gold & Silver Market Report Read More
Morning Gold & Silver Market Report – 9/16/2011
GEITHNER WARNS OF DAMAGING ‘LOOSE TALK’ In overnight trading, gold was mostly down before turning to gains this morning. European and Asian stocks were up, but U.S. stock futures on Wall Street (APMEX’s new home) are looking to open sharply down as Read More
Closing Gold & Silver Market Report – 9/15/2011
GOLD DROPS TO THREE-WEEK LOW; ECB ANNOUNCES DOLLAR FUNDING In the time between the Mid-Day Gold & Silver Market Report and the posting of this report, gold has rebounded slightly. Despite that rebound, the precious metal still ended the day down 2.5%. This reflects a drop to g... Read More
Mid-Day Gold & Silver Market Report – 9/15/2011
GOLD SLIDES AS TRADERS TAKE ON MORE RISK Gold and silver prices have both slipped since the Morning Commentary. Gold has been stronger than silver, with gold only falling by about 0.1% and silver slipping by 0.8% since the Morning Commentary. It seems the market may be growing more comfortable with the Greek debt situation. World Read More
Morning Gold & Silver Market Report – 9/15/2011
SOFTENED STANCE ON GREECE, JOBS DATA WORSENS From the Closing Gold and Silver Market Report to now, precious metals pricing has seen a downward turn, primarily on the growing confidence that Greece can be bailed out. Not everyone shares that rosy outlook. "It's the denial stage that's taken hold of all the markets Read More
Closing Gold & Silver Market Report – 9/14/2011
GOLD UP 29% IN 2011; CHINA AND INDIA GOLD DEMAND STILL STRONG Precious metals are up from mid-day trading prices. China’s announcement to help the eurozone has somewhat eased tensions over the financial crisis, for now, giving gold a rest as investors take a shot at riskier investments. As mentioned in this morning’s commentary, the dollar has done well today which has also taken away from the safe haven buying of gold. Read More
Mid-Day Gold & Silver Market Report – 9/14/2011
GREEK DEFAULT COULD BE IMMINENT Gold has slipped slightly since the Morning Commentary, down approximately 0.5% since then. Silver has ticked down as well by about the same percentage. Despite stocks being up on U.S. and European exchanges today, the market seems to be anticipating a default by debt-ridden Greece sooner rather than later. The cos... Read More
Morning Gold & Silver Market Report – 9/14/2011
FRENCH BANKS DOWNGRADED; FED PREPARES TO DO THE ‘TWIST’ Precious metals were mostly down throughout overnight trading, while stock futures were down before turning higher earlier this morning. The Producer Price Index and retail sales numbers were released at 7:30 am (CT), and showed virtually no change from July’s numbers.... Read More
Closing Gold & Silver Market Report – 9/13/2011
STOCKS SURGE LATE AGAIN; ‘BRICS’ TO BUY EURO DEBT? Much like yesterday, stocks surged late to close in the black after spending most of the day in the red. Gold and platinum added to gains this afternoon, while silver and palladium have remained relatively flat. Jeffrey Christian of CPM Group said that investors thought yesterday’s dip in gold... Read More
Mid-Day Gold & Silver Market Report – 9/13/2011
MERKEL REJECTS CALLS FOR GREEK INSOLVENCY; ANOTHER DEBT VOTE? Between the Morning Gold & Silver Market Report and now, prices on gold, silver, platinum, and palladium have all inched up slightly. After yesterday’s losses on gold futures, today the precious metal has seen a 0.4% increase since this morning, with silver increasing 0.8%. In a response to calls by some member... Read More
Morning Gold & Silver Market Report – 9/13/2011
GLOBAL LEADERS WORRY OF GREEK DEFAULT Since the Closing Gold & Silver Market Report yesterday afternoon, precious metals’ prices have climbed. The investor sell-off has abated and appeal for gold is again on the rise thanks in large part to a potential Greek debt default and the European banking crisis. "There is a slow-motion t... Read More
Closing Gold & Silver Market Report – 9/12/2011
MARKET SWINGS WILDLY AS JITTERY INVESTORS SCROUNGE FOR A SCRAP OF GOOD NEWS Gold has ticked upward slightly since the Mid-Day Commentary. However, the stock market has surged late in the day. The Dow Jones Industrial Average (DJIA) hit a low point at around 2:15 pm, having lost nearly 170 points. Following that, stocks surged, and the DJIA closed up by 68 points, a gain of over 200 points in a span of just 45 minutes. Concerns of further Greek debt problem... Read More
Mid-Day Gold & Silver Market Report – 9/12/2011
EUROZONE CONTINUES TO HAMMER AWAY AT CONFIDENCE Since the Morning Gold & Silver Market Report, precious metals have continued to decline, as investors seem to be selling their holdings to cover their losses in other investments. Uneasiness with the market increased due to the lack of any clear message ... Read More
Morning Gold & Silver Market Report – 9/12/2011
CONCERNS OVER EUROZONE HAVE INVESTORS CASHING IN Precious metals dipped in overnight trading, as gold’s mostly-negative correlation to the dollar held true. The dollar is still strengthening thanks to concerns over the debt situation in Europe, which is also bringing global stocks and U.S. stock futures down. Read More
Closing Gold & Silver Market Report – 9/9/2011
UNEASINESS IN EUROZONE BUOYS GOLD Precious metals have remained relatively flat this afternoon, while stocks tumbled along with the euro. The dollar strengthened throughout the day, but its normal negative correlation to gold didn’t force the yellow metal down. This is likely thanks to the uneasiness in the eurozone. As James Duni... Read More
Mid-Day Gold & Silver Market Report – 9/9/2011
G7 CONFERENCE & ECB BOARD MEMBER STEPPING DOWN = ECONOMIC UNCERTAINTY Since the Morning Gold & Silver Market Report, gold and silver have seemed to regain their footing while platinum and palladium continue to slide. There was an initial climb in stocks based on President Obama’s speech last night, but has since tailed off on heightened terrorism threats and u... Read More
Morning Gold & Silver Market Report – 9/9/2011
OBAMA’S SPEECH DRAWS MIXED REVIEWS; INVESTORS WANT ACTION, NOT WORDS Precious metals were mixed in overnight trading, as they saw a bump before heading lower to where they are now. U.S. stock futures are also down, signaling a negative start for Wall Street trading this morning. All eyes were on President Barack Obama last n... Read More
Closing Gold & Silver Market Report – 9/8/2011
OBAMA’S SPEECH HYPE “OVERDONE” Precious metals have traded higher today off of the mid-day spot prices. U.S. stocks declined and gold traded higher after Bernanke said in his speech this afternoon that the central bank would discuss aid options when they meet this month. The next speech that investors are waiting for is President Obama’s to Congress later today regarding the jobs crisis. However, Marc Pado, U.S. Market Strategist at Cantor Fitzgerald, feels that Read More
Mid-Day Gold & Silver Market Report – 9/8/2011
MORE OF THE SAME IN CONGRESS In morning trading, stocks have erased some declines and are mostly positive, along with platinum and palladium. Gold and silver have remained relatively stable from the gains experienced this morning, likely buoyed by the uncertainty in the stock market. Investors are awaiting President Obama’s speech to Congress tonight, perhaps explaining the tentative feeling towards the volatile market. Read More
Morning Gold & Silver Market Report – 9/8/2011
EUROPE’S DEBT CRISIS ACCUMULATES, CONFIDENCE TUMBLING Since the Closing Gold & Silver Market Report yesterday afternoon, precious metals are on the rise. After yesterday’s profit-taking, investors are getting back into the gold market. Also supporting precious metals prices are additional fears of a European recession, sparked by the European Central Bank keeping ... Read More
Closing Gold & Silver Market Report – 9/7/2011
OIL PRICES RISE; TRADERS SPECULATE THAT MORE STIMULUS SPENDING IS ON THE HORIZON Gold has stabilized somewhat since dropping considerably in early trading. Change since the Mid-Day Commentary is down $4.40, which represents a change of 0.2%. Oil prices have risen on fears of a weather system off the coast of Mexico str... Read More
Mid-Day Gold & Silver Market Report – 9/7/2011
CENTRAL BANKS CONTINUE TO MAKE GOLD A PRIORITY Precious metals are trading lower today off yesterday’s highs, but are higher than they were this morning. Some of the pullback in gold prices came from profit taking, as investors pulled out of gold and into riskier investments of stocks. This came after news of European markets closing higher today, giving some a ... Read More
Morning Gold & Silver Market Report – 9/7/2011
$300 BILLION GIFT TO JOBS FROM OBAMA With U.S. stock futures gaining in overnight trading, precious metals have fallen. The jobs market is looking to get a boost from a reported $300 billion aid package that President Barack Obama is set to unveil in a speech to Congress Thursday. The package aims to add jobs to the economy vi... Read More
Closing Gold & Silver Market Report – 9/6/2011
BERNANKE SAYS RISK TO U.S. BANKS IS SMALL Precious metals prices have been basically flat since the Mid-Day Market Report, with gold and silver only swinging very slightly to the downside. Stocks have pared losses this afternoon after losing as much 2.9% earlier in the day. Many investors are still seeking a safe haven, keeping gold steady despite the late... Read More
Mid-Day Gold & Silver Market Report – 9/6/2011
ECONOMIC CONFIDENCE SAGS ON EUROPE NEWS Precious metals have remained steady since the Morning Gold & Silver Market Report. Gold is beholden to its safe-haven status in part due to the startling news out of Switzerland that the Swiss franc is now going to be pegged to other currencies in the world in order to avoid a potential inflationary recession in Switzerland... Read More
Morning Gold & Silver Market Report – 9/6/2011
Heading into the Morning Trading - Gold is Up & Stocks are Down Gold prices once again approached record levels overnight before retreating to just below $1,900 per oz. Silver, platinum and palladium prices are down. U.S. stock futures are also sharply lower on the news out of Europe and the continued disappointment with last week’s jobs report. The Euro... Read More
Closing Gold & Silver Market Report – 9/2/2011
The Worst Jobs Report in Over a Year Send Gold & Silver Soaring The equity and precious metals markets continued digesting today’s dismal August jobs report. The U.S. stock market closed down 253 points, while gold and silver prices shot upwards. Zero job growth was not the news economists expected and this only added fuel to the fear of another recession. Read More
Mid-day Gold & Silver Market Report – 9/2/2011
ZERO JOBS GROWTH = LACK OF CONFIDENCE Precious metals have remained steady since the Morning Gold & Silver Market Report. Precious metals are up for the day based on the relatively poor jobs report this morning. Talk of recession tends to stoke the safe haven appeal of precious metals when disappointing news hits the market, since stocks and oil tumbles. M... Read More
Morning Gold & Silver Market Report – 9/2/2011
August Jobs Report is a Big Fat Goose Egg Gold and silver prices have risen overnight, in anticipation of another lackluster jobs report. The U.S. stock market futures are falling on the same expectations. The report just came out at 7:30 AM (CT) and once again the number falls below expectations. Most projections were for between 68,000 -71,000 new jobs created, but there were no gains and unemployment holds at 9.1%. Gold and s... Read More
Closing Gold & Silver Market Report – 9/1/2011
PREDICTIONS SAY UNEMPLOYMENT RATE IS 9% Precious metals are trading slightly lower today, partly thanks to the U.S. dollar strengthening. Investors likely took profits in gold and stayed out of stocks, waiting on Friday’s jobs report. As a result of the dollar rallying, gold looks more expensive to other countries. Director of Tac... Read More
Mid-Day Gold & Silver Market Report – 9/1/2011
DATA BOOSTS CONFIDENCE, GREECE STILL JEOPARDIZED Since the Morning Gold & Silver Market Report, precious metals have generally stayed the course. Gold has slipped a little based on hope of another round of quantitative easing, as well as the better-than-expected manufacturing and jobs data. This morning most analysts had predicted a drop below 50 on the In... Read More
Morning Gold & Silver Market Report – 9/1/2011
JOBLESS CLAIMS MIXED; LAGARDE SHOWS BACKBONE U.S. stock futures are pointing to a low start for Wall Street this morning, after a night of mixed trading that now has precious metals mostly flat. Losses in stock futures were pared after the weekly jobless claims report showed a drop of 12,000 claims from last w... Read More
Closing Gold & Silver Market Report – 8/31/2011
FED PRESIDENT HINTS AT STIMULUS POLICY, BUT DISSENTION IS STRONG Precious metals are closing the day close to where they opened, with all prices moving less than 1% for the day. Today’s price movement, or lack thereof, indicates indecision in the market. Double-dip recession fears still pervade the market, but at the same time, many investors are moving into riskier assets, pursuing a value investment in what they see as underpriced equities. Read More
Mid-Day Gold & Silver Market Report – 8/31/2011
S&P GIVES SUBPRIME LOANS HIGHER RATING THAN U.S. Precious metals are trading higher since early morning trading despite the rise in the stock markets. The better-than-expected numbers of the Chicago PMI and factory orders seem to have restored some faith and quelled consumer fears of a double-dip recession. Even Europe’s markets closed much higher today. Histo... Read More
Morning Gold & Silver Market Report – 8/31/2011
PRIVATE JOBS REPORT DISAPPOINTS; INVESTORS OPTIMISTIC In overnight trading, global stocks were largely higher (along with platinum and palladium), while gold and silver were mainly flat. U.S. stock futures are still up after the slightly disappointing ADP Private-Sector Jobs report, which showed a gain of 91,000 jobs this month. Read More
Closing Gold & Silver Market Report – 8/30/2011
Gold traded slightly higher this afternoon after surging in morning trading, closing up more than 2%. Stocks fell back from their peak this afternoon while gold continued to climb. Silver also made solid gains and also closed higher by almost 2%. The minutes from the meeting of the Federal Open Markets Committee were released this... Read More
Mid-Day Gold & Silver Market Report – 8/30/2011
S&P “CLOSELY MONITORS” EUROPE FOR DOUBLE DIP RECESSION Precious metals are still trading higher today, with gold and silver down slightly from this morning’s highs. News of consumer confidence deteriorating and the Case-Shiller index declining has spurred precious metals buying. Also contributing to higher precious metals prices are the continued rumors of qua... Read More
Morning Gold & Silver Market Report – 8/30/2011
“LITTLE TO BE CONFIDENT ABOUT” WITH ECONOMY Gold, silver, platinum, and palladium were mostly flat in overnight trading, but have recently swung higher. U.S. stock futures are pointing to a low start for Wall Street, as investors await the release of economic data regarding consumer confidence. Consumer confidence is expect... Read More
Closing Gold & Silver Market Report – 8/24/2011
GREEK STOCKS SHOOT UP, BUT FINLAND WANTS COLLATERAL; CHINA’S GOLD BUGS KEEP BUYING Gold closed out the day lower than it had last Friday, after experiencing both highs and lows that brought the price per ounce up over $1,840 per ounce and down to nearly $1,781 per ounce during intraday trading. Gold futures for December delivery ended down $5.70 for the day. Silver, platinum, and palladium ... Read More
Mid-Day Gold & Silver Market Report – 8/29/2011
STOCKS UP AGAIN ON STRONG ECONOMIC DATA, GOLD HOLDS RELATIVELY STEADY Gold has turned lower but only lost modest ground in morning trading. Losses were pared mostly due to some demand as a safe haven, although many investors are feeling more confident in riskier markets, pushing stocks up strongly. Read More
Morning Gold & Silver Market Report – 8/29/2011
Record Prices Only Increase Chinese Demand for Gold – Chinese investors are putting even more money into gold bars as gold prices rise. August is typically a slow month for Chinese jewelers, but many shops polled by Reuters in Shanghai are reporting solid gold sales for the month. "The surge in prices has sparked another gold-buying craze. The 50 gram and 100 gram gold bars were selling like hot cakes," said Ms.... Read More
Closing Gold & Silver Market Report –8/26/2011
GOLD AND SILVER EXTEND GAINS Precious metals have pulled ahead of mid-day trading prices with gold now sitting comfortably above $60 gains on the day and silver up over $0.50. Platinum and Palladium are also double-digits ahead on the day. It was no surprise that Bernanke did not give very much information in his speech but he did open the door to the idea of easing in September. Read More
Mid-Day Gold & Silver Market Report –8/26/2011
Fed Chairman Bernanke Punts until September As predicted by APMEX CEO, Michael Haynes, no new information emerged from Fed Chairman Ben Bernanke’s morning briefing from Jackson Hole. Mr. Bernanke ... Read More
Morning Gold & Silver Market Report – 8/26/2011
FOR BETTER OR WORSE, ALL EYES ON BERNANKE Gold prices pushed upwards in overnight trading, as the expectation of Federal Reserve Chairman Ben Bernanke’s highly anticipated speech is now that he will not signal that the Fed is ready for a third round of quantitative easing. Silver has mainly tracked gold overnight, while platinum and palladium continue their bumpy road which closely follows the stock market. Douglas A. McIntyre of 24/7 Wall St. wrote t... Read More
Closing Gold & Silver Market Report – 8/25/2011
TO QE3 OR NOT QE3 THAT’S THE INVESTOR’S QUESTION Since the Mid-Day Gold & Silver Market Report, gold has maintained its position with positive gains for the day. The previous losses of gold were attributed in large part to the CME Group raising the margins on gold futures by 27%, which is its largest hike in 2 ½ years and the second increase this month. " Read More
Mid-Day Gold & Silver Market Report – 8/25/2011
STOCKS SLUMP; GOLD IN THE BLACK AGAIN Gold has turned the corner into positive territory after stocks tumbled thanks to the jobless claims report. Also, as expected, most investors are focused on Federal Reserve Chairman Ben Bernanke’s speech tomorrow morning, and nervousness is returning to the markets. “Clearly there ... Read More
Morning Gold & Silver Market Report – 8/25/2011
Gold Prices Continue to Move Down Overnight, then Stabilize in Early Morning Trading Gold price headed towards $1,700 in overnight trading, but is strengthening in early morning trading, now sitting above $1,730. Platinum prices were below $1,800, but have bounced back over $1,810. Silver and palladium have rallied from negative territory and currently sit positive. One year ago, as investors anxiously awaited Ben Bernanke’s Jackson Hole speech, gold prices were at $950 per ... Read More
Closing Gold & Silver Market Report – 8/24/2011
GOLD FALLS AS TRADERS CASH OUT, TAKE RISKIER BETS Gold fell substantially today as traders moved into riskier markets, like stocks, in anticipation of the announcement of a third round of quantitative easing. Glenn Hubbard, dean and Russell L. Carson professor of finance and economics at Columbia Business School, and former chairman of the Council of Economic Advisors doesn’t believe QE3 will actually happen.... Read More
Mid-Day Gold & Silver Market Report – 8/24/2011
CAUTION AND CONCERN AHEAD OF BERNANKE SPEECH; CBO PREDICTS SLOW GROWTH Gold prices are dropping dramatically in morning trading largely due to profit taking. This same profit taking has driven gold futures down by 4%. Silver, platinum, and palladium are also experiencing sharp declines. Stock performance has been mixed so far, as investors are staying cautious ahead of a planned speech by Federal Reserve Chairman Ben Bernanke this Frida... Read More
Morning Gold & Silver Market Report – 8/24/2011
STOCKS REBOUND ON NEWS OF JULY’S DURABLE GOODS ORDERS Precious metals are down slightly in early morning trading from yesterday’s close trading due to profit taking. News that July’s durable goods orders beat expectations coming in at 4% has stocks rebounding from early morn... Read More
Closing Gold & Silver Market Report – 8/23/2011
Stocks Up Over 300 Points – Precious Metals Retreat of Recent Highs Continued poor economic data has spurred expectations that the Fed will have to take action to get our economy moving again. All eyes are on Friday’s Fed meeting in Jackson Hole. Clearly, traders are anticipating another form of QE2 to be announced. The Dow Jones... Read More
Mid-Day Gold & Silver Market Report – 8/23/2011
Precious Metals Retreat as the Stock Market Advances – The morning trading hours see gold, silver, platinum and palladium are all giving back a portion of their recent gains. The most likely scenario is that with the rapid rise of the past two weeks, some investors have decided to lock in gains. A short term correction is not unusual, when prices have moved up as quickly as they have this month. There will be investors waiting on the sideline to purchase on the dips. Read More
Morning Gold & Silver Market Report – 8/23/2011
GLOBAL EQUITIES UP, GOLD FALLS BELOW $1,900 Gold traded higher, well over $1,900 an ounce, overnight, but has since given up those gains thanks to global stocks being up. Silver and platinum have mostly tracked gold overnight, while palladium has pared some of its early morning losses. Citigroup strategists said, regarding raising t... Read More
Closing Gold & Silver Market Report – 8/22/2011
GOLD TOPS $1900, PUSHED BY SAFE HAVEN BUYING - Gold closed at a new record high today, surging in the afternoon after a fairly volatile day. Platinum is also at a new record high, just slightly higher than its yellow cousin. There are growing rumblings of a third round of quantitative easing by the Federal Reserve. Analysts are citing Ben Ber... Read More
Mid-Day Gold & Silver Market Report – 8/22/2011
Gold Prices Continue to Climb Towards $1900 All precious metals prices (gold, silver, platinum and palladium) have continued to show strong gains in morning trading. The U.S. stock market has been upbeat as well, although it came off its highs for the day when mo... Read More
Morning Gold & Silver Market Report – 8/22/2011
Gold Prices Heading Towards the Largest Annual Gain in 32 Years - Gold prices may climb more in 2011 than any year in the past three decades. It is not only investors flocking to safety, but also central banks around the globe seeking protection from a struggling global economy and sovereign debt crisis in the U.S. and Europe. Accordin... Read More
Closing Gold & Silver Market Report – 8/19/2011
VICE PRESIDENT BIDEN REASSURES CHINA; BELGIUM ADDS TO “EURO BOND” PRESSURE It’s another record for gold today as gold futures ended the day at $1,852.20, an increase of $30.20. With a number of macroeconomic reports indicating that the U.S. economy continues to be shaky, investors have continued to turn to gold as a safe haven, and some analysts have even predicted it could hit $2,000 by next week. Meanwhile, U.S. stock ... Read More
Mid-Day Gold & Silver Market Report – 8/19/2011
RECESSION, MAYBE – MAYBE NOT Gold and silver prices have remained relatively even during the trading day. For the day, gold is up $31.40 and silver is up $2.15. The rise is relative to the overall concern that stocks are pricing in a potential recession, which heightens the demand for safe havens. However, according to Abby Joseph Cohen, a senior investment strategist with Goldman Sachs, the stock market may price in a recession, Read More
Morning Gold & Silver Market Report – 8/19/2011
Gold Continues to Soar as Recession Fears Escalate - Gold, silver and platinum prices are all sharply higher in overnight trading. Gold prices and December gold futures all hit record highs. Overseas equity markets were battered again overnight and U.S. stock futures are poised for a negative opening. Yesterday was a day of more disappointing economic data in the U.S., so ... 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.
