Precious Metals Market Reports
Morning Gold & Silver Market Report – 4/26/2011
HOME PRICES DROP AGAIN – The Case-Shiller report came out this morning and home prices fell for the 8th straight month in February. Although this drop exceeded expectations by 0.3%, it is still indicative of a housing market struggling to recover. Gold and silver are recovering this morning from earlier losses in the Asian markets. The London market was closed on Monday, so trading volumes were thin. The opening of the L... Read More
Closing Gold & Silver Market Report –4/25/2011
IMF DROPS A BOMBSHELL ON THE US – The International Monetary Fund dropped a bombshell, that went largely unnoticed. They have now set a date, 2016, when the economy of China will officially pass that of the US. This is only five years from now! Many questions will need to be answered, regarding how this will effect the US dollar and the US Treasuries, when the... Read More
Mid-Day Gold & Silver Market Report – 4/25/2011
IS SILVER THE NEW SAFE HAVEN CURRENCY? – Although silver prices have backed off due to morning profit taking, the big question remains; why has silver been on this explosive run? This question was posed to CNBC’s Fast Money Traders Monday morning. What is at the heart of all of this is a distrust in paper money,” explained John Stephenson, a Senior Vice President and Portfolio Manager at First Asset Funds. “So long as the Fed ke... Read More
Morning Gold & Silver Market Report – 4/25/2011
SILVER IS UP 5% –GOLD BREAKS NEW RECORD HIGHS – US silver futures neared the $50 mark before pulling back, as it moved even closer to its 1980 record high. Silver prices are rising as a result of weak US dollar and strong physical demand coming out of Asia. Gold continues to break into record territory on this very same news. "E... Read More
Closing Gold & Silver Market Report – 4/22/2011
PRECIOUS METALS STARTED STRONG BEFORE A CLOSED MARKET TODAY – The NYSE was closed today but that did not prevent gold and silver from trading overseas to continued highs of $1,513.50 and $46.86 an ounce, respectively. Analysts at Capital Economics maintain that that gold prices will reach $1,600 an ounce by the end of the year and they point to three main factors underpinning gold prices: Inflation fears, low interest rate... Read More
Mid-Day Gold & Silver Market Report – 4/22/2011
BERNANKE ANSWERS QUESTIONS NEXT WEEK Federal Reserve Chairman Ben Bernanke will hold the first regularly scheduled Fed press conferences next week. He will be answering questions from journalists in these conferences, and investors are anxious to see what the precious metals market will do in response. Read More
Morning Gold & Silver Market Report – 4/22/2011
DOLLAR DOWN, GOLD HITTING HIGHS The record gold price is coming at a time when sovereign and global debt concerns are increasing. The U.S. dollar slid to its lowest level since August of 2008 on fears the Federal Reserve will... Read More
Closing Gold & Silver Market Report – 4/21/2011
GOLD PRICES STAY STEADY WHILE SILVER CHARGES AHEAD Gold stays above $1,500 while silver closes the gap, bringing the gold/silver ratio to 32. David Morgan, founder of Silver-Investor.com, feels that the ratio could hit 16 while others such as Eric Sprott of Sprott Asset Management feels is will hit the single digits. This movement is followed by the steady decline of the d... Read More
Mid-Day Gold & Silver Market Report – 4/21/2011
SILVER PRICES CONTINUE TO RACE UPWARDS – Gold has maintained its overnight gains, while silver just keeps climbing higher. In Libya, government troops have escalated their attacks on the rebel-held city of Misrata. Western forces have threatened to step up military action sho... Read More
Morning Gold & Silver Market Report – 4/21/2011
SILVER SURGES – GOLD AT RECORD LEVELS – Gold is trading in New York and London for a 5th day above $1500. The US Dollar continues to slide and is at its lowest level relative to the six major other currencies since August 2008. “The ke... Read More
Closing Gold & Silver Market Report – 4/20/2011
GOLD & SILVER MAINTAIN RECORD PACE –Gold maintained record breaking prices above $1500 and silver soared to new 31 year highs, staying above $45 per oz. The US dollar continued to decline, concerns about the US and European economies continue to flare and rising Asian inflation is boosting Asian demand. All of these factors boost the safe haven appeal of gold and silver. Go... Read More
Mid-Day Gold & Silver Market Report – 4/20/2011
GOLD BREAKS RECORD HIGHS ON INFLATION CONCERNS Gold has risen 32 percent this year against the dollar that has fallen 7.4 percent. Matt Zeman, senior market strategist at Kingswiew Financial in Chicago says, “For the dollar, the S&P statement was like getting kicked when you’re already down. The dollar is losing its status as the king... Read More
Morning Gold & Silver Market Report – 4/20/2011
GOLD SURPASSES $1500, WHILE SILVER HURDLES OVER $44 – The US dollar slipped against six major currencies and is trading at a 16 month low. This, along with continued concerns with inflationary pressures and the US and European debt problems,have propelled both gold and silver upwards. Read More
Closing Gold & Silver Market Report –4/19/2011
KNEE JERK REACTIONS TURN INTO SOBER SECOND THOUGHTS – Yesterday’s report from S&P is still causing uncertainty in the market, “If yesterday was about knee-jerk reactions, today is about sober second thoughts and the realization that there are still issues outstanding.” said David Watt, senior currency strategis... Read More
Mid-Day Gold & Silver Market Report – 4/19/2011
GOLD HITS $1500 OZ! – before it backed off slightly. Nick Bullman, a managing partner at research- based risk assessment service firm, CheckRisk, stated that we could end up seeing $150 oil prices with gold at $2000. One of the world’s largest banks, HSB... Read More
Morning Gold & Silver Market Report – 4/19/2011
GOLD & SILVER MAINTAIN YESTERDAY’S GAINS –Both the stock and precious metals markets are settling after yesterday’s large gains for gold and silver and large losses for the stock market. This all came about on the news that Standard & Poor’s had issued a negative outlook on the US Credit Rating. On one hand, this negative outlook is seen as a wake up call to politicians to do something about our national debt. On another, it is viewed as a political move by an agency lacking ... Read More
Closing Gold & Silver Market Report –4/18/2011
GOLD FLIRTS WITH $1500 ON S&P NEGATIVE COMMENTS – Standard & Poor’s issued a negative outlook on US AAA Bonds, which sent the stock market reeling and gold prices up. There is now a 1 in 3 chance that the S&P could downgrade US credit in the next three years. It was not just the S&P announcement driving the markets today, Read More
Mid-Day Gold & Silver Market Report – 4/18/2011
US CREDIT GIVEN A “NEGATIVE” OUTLOOK – Standard & Poor’s put a “negative” outlook on the long-term AAA credit rating of the US. “We believe there is a material risk that U.S. policy makers might not reach an agreement on how to address medium-and long-term budgetary challenges by 2013,” New York-based S&P said today in a report. This statement does not... Read More
Morning Gold & Silver Market Report – 4/18/2011
UNIVERSITY OF TEXAS TAKES LARGE PHYSICAL GOLD POSITION – The University of Texas took delivery of 6,643 100 oz gold bars worth $987 million on Friday, April 15. The UT Investment Management Company did not buy gold, they chose to convert their “paper” gold investments into the actual bullion bars. “If you own a paper contract where they can only deliver... Read More
Closing Gold & Silver Market Report – 4/15/2011
GOLD BREAKS ANOTHER RECORD TO CLOSE NEAR $1,500. Gold closed up 0.8% on the week with silver also closing at its latest 31-year record. Although the turbulent geopolitical environment still exists in places like Libya, economic forces have been driving precious metals prices this week. Consumer prices have ... Read More
Mid-Day Gold & Silver Market Report – 4/15/2011
FED OFFICIALS DISAGREE ON ACCELERATING INFLATION Federal Reserve policymakers are in disagreement on how best to tackle the problem of accelerating inflation. After news of a 0.5% increase in the Consumer Price Index, a key inflationary measure, some central bankers are still advocating an easy-money policy. Annualizi... Read More
Morning Gold & Silver Market Report –4/15/2011
GOLD & SILVER CONTINUE TO MOVE UP – Gold spot prices are currently up another $2.60, while Silver spot prices climbed another 64 cents. Gold rose to a record high on global inflation concerns and the continued weakening of the US dollar.Gold is becoming more widely accepted as an asset class within the Alternative Investment category. Inflation has... Read More
Closing Gold & Silver Market Report – 4/14/2011
GOLD FUTURES NEAR RECORD HIGHS – US DOLLAR WEAKENS – Gold advanced more than 1% as it nears record highs. Fear of inflation, a weakening US dollar and more problems in Europe continue to drive investors to gold (and perhaps silver, which established a 31 year high today.) In the US, Treasury Secretary Timothy Geithner appeared before lawmakers today to... Read More
Mid- Day Gold & Silver Market Report – 4/14/2011
GOLD & SILVER RISING RAPIDLY – The disappointing jobs data along with mixed earnings reports are causing investors to move away from stocks and into precious metals. Gold is currently up $16.40 – Silver is up $1.42 Pimco Co-Chief Executive, Mohamed El-Erian, stated on CNBC today, that first quarte... Read More
Morning Gold & Silver Market Report – 4/14/2011
JOBLESS CLAIMS RISE – INFLATION FEARS GROW – New jobless claims unexpectedly rose last week rising once again above the 400,000 level. Economist polled by Reuters projected claims to fall to 380,000. The four week moving average, which is considered the best measurement, went up 5,500 to 395,750. Inflation fears grow as US core prices rose faster than projected in March, and the increase from one year ago was the largest since A... Read More
CLOSING GOLD & SILVER MARKET REPORT – 4/13/2011
OBAMA REVEALS HIS DEFICIT CUTTING PLAN – President Obama came out with his budget-cutting plan that chops $4 trillion off in the next 12 years. These time frames make many of us wonder how you can propose a plan that you will not be in office to over see. Chris Edwards of the Cato Institute, which is a think tank that favors government, said "there's not much new" in it other than the deficit triggers. He noted the tri... Read More
Mid-Day Gold & Silver Market Report – 4/13/2011
INFLATION IS ACTUALLY NEAR 10% – Some of us remember the hyper inflationary period that began in the late 1970’s and ran through much of the 80’s. Fed Chairman Paul Volcker was appointed in 1979, as the CPI surged into double digits. If we were to use the same CPI measurements today, that we used in 1979, we would be at 10% inflation right now. Read More
Morning Gold & Silver Market Report – 4/13/2011
INTERNATIONAL MONETARY FUND WARNS ABOUT US DEBT - THE IMF came out with a statement that the US lacks a “credible strategy” to address their debt issues. The IMF also pointed out that the US was the only advanced economy to be increasing debt at a time their economy was growing at a rate sufficient enough to tackle their debt problems. President Obama will l... Read More
Closing Gold & Silver Market Report – 4/12/2011
GOLD SLIDES WITH OIL. Oil prices dropped today pulling precious metal prices along for the ride. Weak trade data lead to pessimistic views on U.S. economic growth and raised doubt about demand for oil. Why is this important? The sharp drop in oil prices puts a damper on some of the inflation fears in the U.S. giving investors the confidence to sell their precious metals for profit. We saw sever... Read More
Mid-Day Gold & Silver Market Report – 4/12/2011
GOLD CORRELATION TO U.S. DOLLAR MOST NEGATIVE IN THREE MONTHS Any rise in the U.S. dollar will weigh more heavily on gold prices, as the correlations between gold and the dollar index and gold and the S&P 500 index reached their most negative in almost three months. Two more Federal Reserve officials have thrown their support behind the latest rou... Read More
Mid-Day Gold & Silver Market Report – 4/12/2011
GOLD CORRELATION TO U.S. DOLLAR MOST NEGATIVE IN THREE MONTHS Any rise in the U.S. dollar will weigh more heavily on gold prices, as the correlations between gold and the dollar index and gold and the S&P 500 index reached their most negative in almost three months. Two more Federal Reserve officials have thrown their support... Read More
Morning Gold & Silver Market Report – 4/12/2011
JAPAN’S NUCLEAR CRISIS AS BAD AS CHERNOBYL – Japan has raised its nuclear crisis to the highest possible level, which is level seven. This puts this radioactive disaster on par with what occurred in Chernobyl back in 1986. Many people have been critical of the government’s lack of information or miss-information during this crisis. These critics now appeared justified because it appears the leaks were always much worse than repo... Read More
Closing Gold & Silver Market Report – 4/11/2011
IS SILVER TURNING BACK INTO CURRENCY? Gold is more and more being viewed as a currency and not a commodity. As global currencies fluctuate in value relative to each other, gold just remains gold. Currency valuations are dependent on trust in governments and their central banks. Gold is something real you hold in your hands…and so is silver. For years silver was cu... Read More
Mid-Day Gold & Silver Market Report – 4/11/2011
PIMCO BETTING AGAINST US GOVERNMENT DEBT Pimco, the world’s largest bond fund, began betting against the government debt last month, by selling all of the fund’s holdings in US government-related debt holdings. Bill Gross, Co-Chief Investment Officer, believes there will be a lack of buyers for US Treasuries, once QE2 has run its course. Pimco expects that an easy monetary policy, combined with a budget deficit will fue... Read More
Morning Gold & Silver Market Report – 4/11/2011
GOLD PULLS BACK & SILVER CONTINUES TO SOAR Gold prices are settling back, as we suspect some profit taking has occured overnight. Silver prices continue to soar. Late Friday evening, a budget deal was announced with much pomp and circumstance, and the government was not shu... Read More
Closing Gold & Silver Market Report – 4/8/2011
THE SILVER LINING JUST GOT A LITTLE BRIGHTER: Gold and silver prices have benefited from the inflation fears and a weak U.S. dollar rising to record breaking highs again today. Silver has closed over the milestone $40 mark and gold holding above $1470. Many factors affect the price of precious metals. Frank Lesh, a broker and analyst with FuturePath Trading in Chicago said, “Two words, the ... Read More
Morning Gold & Silver Market Report – 4/8/2011
GEOPOLITICAL FEARS DEEPEN, PRECIOUS METALS RISE The geopolitical landscape seems to be worsening with the most recent Japanese aftershock from the March 11th earthquake. Production has been hampered severely as power outages have slowed output at some major car manufacturers and even global giant Sony has been impacted. Water leaked from another nuclear rea... Read More
Closing Gold & Silver Market Report – 4/7/2011
THREE DAYS OF RECORDS FOR GOLD Although not as impressive as the past two days, gold has proved it has staying power and reached an intraday record of $1,466.50 an ounce. George Gero, a vice president with RBC Wealth Management said, “Silver and gold’s runs are the response to geopolitical and inflation fears.” This isn’t a new story, as it has played out ove... Read More
Mid-Day Gold & Silver Market Report – 4/7/2011
ANOTHER JAPANESE EARTHQUAKE ROCKS THE STOCK MARKET The stock market dropped nearly 100 points on reports that a 7.1 magnitude earthquake hit Japan’s northeastern coast. The market has begun to recover some of its losses, as the earlier tsunami warning issued as a result of the quake as been lifted. Platinum and palladium, with strong ties to the automobile industry, were the most affected of the ... Read More
Morning Gold & Silver Market Report – 4/7/2011
ECB RAISES INTEREST RATES – PORTUGAL TO REQUEST A BAILOUT? As widely expected, the European Central Bank raised interest rates 25 basis points to 1.25%. This was the first rate hike since July 2008 and is a measure to curb inflation in the 17-country euro zone. There is debate as to whether the struggling euro economies can continue to recover in this environment especially when Greece, Ireland and Poland are requiring b... Read More
Closing Gold & Silver Market Report – 4/6/2011
GOLD, SILVER CLOSE AT NEW HIGHS: For the second day in a row both gold and silver have closed at record and recent highs. Investors are still buying on safe haven appeal ahead of a U.S. government shutdown and news that Portugal is seeking a bailout. Lawerence Williams, an author of Mineweb.com, focuses not on quantity but on q... Read More
Mid-Day Gold & Silver Market Report – 4/6/2011
PRICE OF GOLD … IS IT TOO GOOD TO BE TRUE? Safe haven buying has been ignited again by rising oil prices and news out of Portugal. “Prices are likely to remain buoyant as risk aversion increased on the back of Moody’s downgrade of Portugal’s credit rating,” analysts at ICICI Bank said in a note to clients. Silver is closing in on $40/ounce and gold struck ov... Read More
Morning Gold & Silver Market Report – 4/6/2011
NEW HIGHS FOR GOLD, SILVER Gold and silver hit new highs (record for gold, 31-year for silver) this morning thanks to their safe-haven appeal. Commerzbank analysts explain, “The current climate is still favorable for precious metals. Continued unrest in North Africa and in the Arab world and the Read More
Closing Gold & Silver Market Report – 4/5/2011
GOLD & SILVER PRICES SOARING TO NEW RECORDS – There is no shortage of uncertainty in today's markets and uncertainty causes investors to run to gold and silver. Gold settled at a record high and you can take your pick as to why. Perhaps it was new peaks in oil and grains revving up fears of inflation. Perhaps it was yet an... Read More
Mid-Day Gold & Silver Market Report – 4/5/2011
COMMODITIES ON THE RISE Oil prices jumped to a fresh 2 ½ year high today, reaching $122/barrel; silver jumped to over $39/ounce (a 31-year high); gold hit over $1,450/ounce (a record high). “The whole commodity complex seems to be on the boil again, with precious metals, many of the base metals, and some of the agricultural (like corn), all hitting record or recent highs,” said... Read More
Morning Gold & Silver Market Report –4/5/2011
APMEX CEO MICHAEL HAYNES ON CNBC – What does a million dollars worth of gold look like? Please take a look at this informative interview where Mr. Haynes explains that “Middle America” is just now discovering that the standard three asset classes of stocks, bonds and cash do not provide the risk management necessary in today’s environment of global economic uncertainty, geopolitical tensions, currency fluctuation... Read More
Closing Gold & Silver Market Report – 4/4/2011
SILVER CLOSES OVER $38 AN OUNCE. Both gold and silver saw gains Monday but silver broke the $38 point, settling well above its previous 31 year high. Jeffery Christian, managing director of commodities consulting firm CPM Group in New York said, “More investors came to the market in hopes of $40 an ounce in the short term.” Gold had a more level performance, gaining at a modest pace.&... Read More
Mid-Day Gold & Silver Market Report – 4/4/2011
GEOPOLTICAL TENSIONS PUSH GOLD & SILVER HIGHER - Gold and silver prices are rising as stock prices experience resistance due to the geopolitical uncertainties across the globe. With the U.S. dollar weakening, due primarily to zero interest rates in the United States and the Fed QE2 monetary policies, other currencies are becoming more attractive. Robert Lynch, head of currency strategy for HSBC, “Foreign investors are hold... Read More
Morning Gold & Silver Market Report – 4/4/2011
OIL SURGES PAST $108 SILVER SOARS PAST $38 – Oil prices are on the move as unrest in the Middle East and North Africa continue to concern the markets. Rising oil prices also fan the fears of inflation, which may be why gold and silver are moving up in early morning trading. We should remember not to focus solely on Libya; the entire situation is still volatile a... Read More
Closing Gold & Silver Market Report – 4/1/2011
FED OFFICIAL WARNS OF OVER-OPTIMISM Gold ended the first quarter on record highs and silver ended on its 31 year record, but both began April trading lower on perceived positive jobs news. If the job market is improving we may anticipate an end to the QE2 program and an interest rate hike later this year. However, Read More
Mid-Day Gold & Silver Market Report – 4/1/2011
STOCKS RALLY, GOLD DIPS Stocks soar to an almost three-year high following the information that U.S. employers added 216,000 jobs and the unemployment rate dropped again. “The jobs report confirms that the U.S. economy is recovering in a slow grinding upwards move,” said Stephen Wood, the New York-based chief market strategist for R... Read More
Morning Gold & Silver Market Report – April 1, 2011
DAY FOR BEARS OR BUYING OPPORTUNITIES? Precious metal prices are dipping this morning and there are bearish forces in play.Gold prices could be affected by an Indian holiday that has Indian Banks closed until next Tuesday. This means limited availability of the FX. The world gold markets will be open, but the world’s largest buyer of gold (India) will not be playing. The big news this morning is of course that the economy ad... Read More
Closing Gold & Silver Market Report – 3/31/2011
GOLD AND SILVER SETTLE AT RECORD HIGHS. COMMENTARY: The Dow industrials finished its best first quarter in more than a decade near their bull-market high. Gold and silver have out-performed the market today, with gold at a record high, and silver at a 31-year high. Investors were buying precious metals ahead of the jobs report tomorrow, unsure of what it would say, and for protection against a weakening dollar. Although the European Union has its share of de... Read More
Mid-Day Gold & Silver Market Report – 3/31/2011
STOCKS SLIP, GOLD SOARS AS QUARTER ENDS Even though the final day of the first quarter session saw stocks retreat it appears this is the best first quarter in more than 10 years. There was some optimism on the part of investors that the economy was strengthening, leading to the gains. However, the news out of the Labor Department regarding jobs has driven more back to the safe-haven of precious metals. Read More
Morning Gold & Silver Market Report – 3/31/2011
GOLD ON LONGEST WINNING STREAK SINCE 1979 Gold has firmly positioned itself as an alternative investment with an important role in portfolio diversification strategies. Gold’s negative correlation to other asset classes makes it an essential risk management tool. In other words, a safe haven. Gold’s rise is often directly attributed ... Read More
Closing Gold & Silver Market Report – 3/30/2011
ECONOMIC BACKDROP SETS STAGE FOR HIGHER GOLD INVESTMENT COMMENTARY: Precious metals have all stayed positive today despite the fact that the Dow Jones Industrial Average being within reach of its highest close since mid-2008 and that QE2 continuing on schedule. Paul walker, CEO of GFMS says, “We think that in particular, the economic backdrop is still very co... Read More
Mid-Day Gold & Silver Market Report – 3/30/2011
GOLD PRICES UP AS JOBS REPORT DISAPPOINTS The ADP employment report came out this morning falling short of expectations. If the jobs picture turns out to be not as rosy as expectations , then the talk of ending QE2 early might go away, allowing the flow of cheap money to continue. If cheap money continues to flow, the fear of inflation will continue to rise. It ap... Read More
Morning Gold & Silver Market Report – 3/30/2011
BERNANKE SPEAKS, PRECIOUS METALS PRICES RISE Federal Reserve Chairman Ben Bernanke does have history on his side when he says that increasing prices for food and fuel won’t “break” the cost of living for most Americans. When the Fed looks at inflation they look at two measures, one of which does not consider foo... Read More
Closing Gold & Silver Market Report – 3/29/2011
OIL PRICES UP –HOUSING PRICES DOWN –STOCK MARKET UP- DOES THIS MAKE SENSE? Whether or not we say the words double-dip as it applies to the housing recovery, or lack of, there was more disturbing data today. The S&P Case-Shiller report showed prices in the top 20 US markets dipped another 3.1% in January. For those unfamiliar with this report, please consider that this is a three month running average, so this data includ... Read More
Mid-Day Gold & Silver Market Report – 3/29/2011
HOUSING AND GAS PRICES AFFECTING U.S. ECONOMIC GROWTH; CONCERNS IN MIDDLE EAST GROW Most forecasters had predicted higher numbers earlier this week, but the reality of the reports released today show a fall from a 72 reading in February to a 63.4 reading. As prices of food and gas continue to climb expectations are not looking promisi... Read More
Morning Gold & Silver Market Report – 3/29/2011
JAPAN FINDS PLUTONIUM IN THE SOIL AT NUCLEAR PLANT What is being called the world’s worst atomic disaster in 25 years may be getting worse. Plutonium was found in the soil at the Fukushima nuclear complex giving further evidence of higher than reported radiation leaks. The Japanese Prime Minister is feeling pressure to widen the evacuation zone, but he is faced with the dilemma of where to put them. There are stil... Read More
Closing Gold & Silver Market Report – 3/28/2011
WHY SILVER IS UNDERVALUED RELATIVE TO GOLD John Stephenson, author of the “The Little Book of Commodity Investing” postulates that since silver is about 16 times more prevalent than gold in the earth’s crust, and that the two metals are quite similar, the gap in their prices should be more like 16:1, rather than the current 40:1. “For my money, the trade of the decade will be silver” said Stephenson. Both equity ... Read More
Mid-Day Gold & Silver Report – 3/28/2011
At 12:06 PM (CT) the APMEX precious metals prices were: Gold price - $1421.50 Silver price - $37.06 Platinum price - $1751.30 Palladium price - $747.60 COMMENTARY: The global news still continues to dominate market prices. The news out of Japan focuses on the radioactive fallout associated with the leaking nuclear re... Read More
Morning Gold & Silver Market Report – 3/28/2011
Gold price - $1,413.90 Silver price - $36.65 Platinum price - $1,732.00 Palladium price - $742.90 COMMENTARY:Precious metal prices are declining in early morning trading as the US Dollar firms and the price of oil goes down slightly.Gold spot price is down$13.30 – Silver price is down 47 cents – Platinum price is down $15.50 – Palladium spot price is down $8.50 Read More
Closing Gold & Silver Market Report – 3/25/2011
At 4PM (CT) the APMEX precious metal prices were: Gold price - $1,430.90 Silver price - $37.42 Platinum price -$1,750.80 Palladium price -$752.00 COMMENTARY: Precious metal prices drifted lower in afternoon trading, as the US stock market continued to go up. The US bumped up their 2010 4th quarter growth... Read More
Mid-Day Gold & Silver Market Report – 3/25/2011
At 12PM (CT) the APMEX precious metal prices were: Gold price- $1,426.20 Silver price - $37.06 Platinum price - $1,748.60 Palladium price - $751.00 COMMENTARY: Gold and silver prices are bouncing back and forth this morning as those who are buying gold as a safe haven drive prices up and profit ... Read More
Morning Gold & Silver Market Report – 3/25/2011
At 8AM (CT) the APMEX precious metal prices were: Gold price – $1,435.40 Silver price - $37.52 Platinum price - $1,753.00 Palladium price - $750.80 COMMENTARY: Gold snapped a six-session winning streak yesterday after touching on record highs. Dennis Gartman, CNBC guest analyst, would not be surprised to see a drop of another $25-$30, but he views this as a net positive. He says, “that decline would make mar... Read More
Closing Gold & Silver Market Report – 3/24/2011
At 4PM (CT) the APMEX precious metal prices were: Gold price - $1,432.00 Silver price - $37.24 Platinum price - $1,756.00 Palladium price - $753.50 COMMENTARY: Gold and silver prices both reached record prices before profit takers moved in and drove prices down in late afternoon trading. Inves... Read More
Mid-Day Gold & Silver Market Report – 3/24/2011
At 12 PM (CT) the APMEX precious metal prices were: Gold price – $1,439.70 Silver price - $37.53 Platinum price - $1,759.50 Palladium price - $753.30 COMMENTARY: Precious metal prices are backing away from their morning highs. Silver was over $38 and now is up only 26 cents. Gold spot price is currently up 70 cents – Platinum spot price is down $1.50 – Palladium price is up $3.00 Precious metals pric... Read More
Morning Gold & Silver Market Report – 3/24/2011
At 8AM (CT) the APMEX precious metals spot prices were: Gold – $1,441.10 Silver – $37.81 Platinum – $1,762.00 Palladium – $757.00 COMMENTARY: Gold is fairly flat this morning, while silver continues its climb. U.S. stock futures are holding on to robust gains amid the release of data showing that Read More
Closing Gold & Silver Market Report – 3/23/2011
At 4PM (CT) the APMEX precious metal prices were: Gold price - $1,439.50 Silver price - $37.49 Platinum price - $1,756.80 Palladium price - $749.50 COMMENTARY: Although silver has made an impressive run today finishing at a 31 year record high of $37.19 an ounce, gold made news as well. Gold futures finished at a record high of $1438 an ounce. Read More
Mid-Day Gold & Silver Market Report – 3/23/2011
At 12PM (CT) the APMEX precious metal prices were: Gold price - $1,440.30 Silver price - $37.25 Palladium price - $1,760.40 Palladium price - $750.10 COMMENTARY: Precious metal prices are all rising sharply this morning and silver has once again crossed $37 per oz. Gold spot price is up $11.70 – Silver price is up 90 cents – Platinum price is up $20.00 – Palladium price is up $11.30 Read More
Morning Gold & Silver Market Report – 3/23/2011
AT 8AM (CT) the APMEX precious metal prices were: Gold price -$1,432.80 Silver price - $36.56 Platinum price - $1,743.00 Palladium price - $742.20 COMMENTARY: The European debt crisis takes center stage this morning as Portugal’s Prime Minister Socrates is searching for a way to secure his nation’s d... Read More
Closing Gold & Silver Market Report – 3/22/2011
At 4PM (CT) the APMEX precious metals spot prices were: Gold – $1,429.10 Silver – $36.44 Platinum – $1,741.00 Palladium – $739.50 COMMENTARY: Gold remained relatively flat today, “partly due to the anxiety of some financial players regarding higher interest rates in Europe, tightening in China, Asia, and o... Read More
Mid-Day Gold & Silver Report – 3/22/2011
At 12 PM (CT) the APMEX precious metals prices were: Gold price - $1426.20 Silver price - $36.34 Platinum price - $1740.00 Palladium price - $738.00 COMMENTARY: The Japanese news continues to swirl over concerns over nuclear fallout. Radioactive particles have found their way to the sea, up to as far away as Iceland. There is no concern over human health at this ... Read More
Morning Gold & Silver Market Report – 3/22/2011
At 8AM (CT) the APMEX precious metal prices were: Gold price - $1,422.70 Silver price - $35.90 Platinum price - $1,736.00 Palladium price - $734.20 COMMENTARY: As the US dollar loses its safe have appeal and declines, gold prices have been going up in conjunction with equity prices. Read More
Closing Gold & Silver Report – 3/21/2011
At 4 PM (CT) the APMEX precious metals prices were: Gold - $1428.00 Silver - $36.17 Platinum - $1749.00 Palladium - $749.00 COMMENTARY: Precious metals have stayed steadily higher today on continued uncertainty in the Middle East and in Japan. “Gold could be poised for further gains as investors seek to diversity towards... Read More
Mid-Day Gold & Silver Report – 3/21/2011
At 12 PM (CT) the APMEX precious metals prices were: Gold - $1428.60 Silver - $35.98 Platinum - $1744.00 Palladium - $743.80 COMMENTARY: There is positive news out of Japan. For the first time in a week, they are pumping water to cool the reactors. Warren Buffet, noted investor and billionaire, says, Read More
Morning Gold & Silver Market Report – 3/21/2011
At 8AM (CT) the APMEX precious metals spot prices were: Gold – $1,434.10 Silver – $36.08 Platinum – $1,743.50 Palladium – $739.50 COMMENTARY: Precious metals are on the rise this morning, thanks to “the tensions in the Middle East, coupled with the significantly weak dollar against the euro,” says Darren H... Read More
Closing Gold & Silver Market Report – 3/18/2011
At 4PM (CT) the APMEX precious metals spot prices were: Gold – $1,419.70 Silver – $35.35 Platinum – $16.70 Palladium – $731.80 COMMENTARY: Precious metals added to gains today and continue to recover from losses suffered earlier this week. Internationally, the situation in Libya doesn’t seem to be improving, de... Read More
Mid-Day Gold & Silver Market Report – 3/18/2011
At 12PM (CT) the APMEX precious metal prices were: Gold price -$1,418.40 Silver price - $35.13 Platinum price - $1,722.70 Palladium price - $732.50 COMMENTARY: Gold price is currently up $13.20 – Silver spot price is up 80 cents – Platinum spot price is up $14.80 – Palladium price is up $14.70 Libya responded to the United Nation's declaration... 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.
