Precious Metals Market Reports
Precious Metals Are Moving!
Daily Gold & Silver Market Report – 08/29/2017
Tensions are on the rise as a North Korean missile traveled over the Japanese island of Hokkaido early Tuesday and landed in the Pacific Ocean, Reuters Reporter Apeksha Nair said. This extended wins for Precious Metals seen Monday, when Gold values experienced their biggest one-day rise since mid-May, gaining 1.4 ... Read More
Precious Metal Prices Surge after Yellen Speech
Daily Gold & Silver Market Report – 08/28/2017
After Federal Reserve Chair Janet Yellen bypassed mentioning monetary policy in her speech at the Economy Policy Symposium in Jackson Hole, Wyo., Precious Metal prices rose. Gold rose by 0.2 percent, according to Reuters, with Silver rising 0.3 percent. In the speech, Yellen made no reference to U.S. monetary policy, instead focusing... Read More
Gold Levels Relatively Unchanged
Daily Gold & Silver Market Report – 08/25/2017
After reaching recent highs slightly above $1,300 earlier this month, the price of Gold seems to be relatively stagnant ahead of the Economic Policy Symposium in Jackson Hole, Wyo. However, analysts are not giving up just yet in anticipation of speeches by Federal Reserve Chair Janet Yellen and European Central Bank President Mario D... Read More
Gold Values Ease as Investors Await News
Daily Gold & Silver Market Report – 08/24/2017
The Economic Policy Symposium, which begins Thursday in Jackson Hole, Wyo., has gained the attention of investors even as President Donald Trump threatened to shut down the government. Federal Reserve Chair Janet Yellen and European Central Bank President Mario Draghi are set to speak Friday regarding the outlook for monetary policy and further interest rate hikes. As Read More
Precious Metals Fail to Maintain Rally
Daily Gold & Silver Market Report – 08/23/2017
On Friday, many investors watched as Gold and Silver prices poised for a breakthrough. Yet, SeekingAlpha Research Analyst Tom Luongo, along with many others, saw the attempt fail and analysts say we have yet to see a break of either highs or lows this week. Moreover, for both Gold and Silver prices to avoid further slides... Read More
Slow Dollar Growth Limits Gold Price Gains
Daily Gold & Silver Market Report – 08/22/2017
Although the U.S. dollar has not made large gains in recent days, it has seen somewhat of a comeback, which has limited the rally in the price of Gold. Moreover, Economic Calendar reporter Tim Clayton said, “European equities rallied strongly which maintained a firm tone surrounding ri... Read More
Oil's Total Eclipse
Daily Gold & Silver Market Report – 08/21/2017
Investing.com Commodities Reporter Phil Flynn said, “The forward demand cover on oil supply in the U.S. has fallen to 26.7 days of supply, the lowest since October 2nd of 2015. This comes as there are signs that U.S. shale producers are pulling back because many cannot make money below $50 a barrel.” With supply ... Read More
Wall Street Drug Down by Industrial Market
Daily Gold & Silver Market Report – 08/18/2017
Extending losses from Thursday's lows, U.S. stocks opened lower Friday following losses in industrial and consumer discretionary stocks. NASDAQ along with Reuters Reporter Sruthi Shankar said, “The S&P 500 posted its biggest one-day percentage loss in about three months on Thursday amid con... Read More
Palladium Hits 16-Year Peak, Gold Prices Jump on Fed News
Daily Gold & Silver Market Report – 08/17/2017
Gold prices rose for a second-straight day after the Federal Reserve hinted U.S. interest rates could rise more slowly than previously anticipated. Furthermore, Palladium climbed to its highest price since February 2001 due to a strong industrial metals market, according to Peter Hobson with Read More
Stocks Edge Higher With Help from Commodities
Daily Gold & Silver Market Report – 08/16/2017
Official data showed U.K. shares climbed Wednesday “as higher commodity prices lifted mining and energy stocks,” according to NASDAQ and RTTNews.com. The British pound also firmed after the release of second-quarter unemployment figures, which fell to 4.4 percent, the lowest since 1975. Mini... Read More
Gold is Dropping!
Daily Gold & Silver Market Report – 08/15/2017
According to the country’s state media, North Korean leader Kim Jong Un announced Tuesday he would not launch a ballistic-missile attack on the U.S. territory of Guam. However, according to Reuters Reporter Christine Kim, “[he] said he will watch the actions of the United States for a while longer before making a de... Read More
Stocks Climb as Political Worries Subside
Daily Gold & Silver Market Report – 08/14/2017
Volatility weakened as the prospect of war between the U.S. and North Korea appeared to recede, causing safe-haven assets to drop and stocks to climb. Eric J Weiner with Bloomberg Markets said, “White House officials sought to calm the crisis on Sunday by assuring t... Read More
Gold Close to Breaking $1,300 an Ounce?
Daily Gold & Silver Market Report – 08/11/2017
Still riding the wave from verbal threats between the U.S. and North Korea, spot Gold prices managed to stay in the green even with a turnaround from the U.S. dollar. Pablo Piovano with FX Street says, “The U.S. Dollar Index stays on the upper end of the ... Read More
Gold Records Biggest Spike in 3 Months
Daily Gold & Silver Market Report – 08/10/2017
On Wednesday, Gold prices recorded their sharpest daily increase since mid-May amid a “war of words” between the U.S. and North Korea. MarketWatch Reporters Mark Decambre and Victor Reklaitis said, “North Korea’s recent threat to launch a missile strike at U.S. territory G... Read More
Precious Metals Prices Surge on Geopolitical Tensions
Daily Gold & Silver Market Report – 08/09/2017
Geopolitical tensions on the Korean peninsula escalated Wednesday as North Korea said it is ’“carefully examining” plans for a missile strike on the U.S. Pacific territory of Guam, just hours after U.S. President Donald Trump told the North that any threat to the United States would be met with “fire and fury,”’ Read More
Why Is Platinum Surging?
Daily Gold & Silver Market Report – 08/08/2017
ETF Trends Reporter Tom Lydon says Platinum is the third-most traded Precious Metal in the world, behind Gold and Silver, and is scarcer than its rivals. Furthermore, reporter Eddie Van Der Walt for Read More
Precious Metal Prices Drop Amid Worried Investors
Daily Gold & Silver Market Report – 08/07/2017
Precious Metal prices were lower Monday, failing to gain support from a weaker U.S. dollar as investors worried about further U.S. interest rate hikes. Typically, a weaker dollar supports commodities, such as Gold, that are priced in the greenback, lowering the cost for buyers outside the United States. However, many investors “seemed wary of the upcoming data following unexpectedly strong jobs numbers on F... Read More
Precious Metal Prices Start to Shakeup After Gains
Daily Gold & Silver Market Report – 08/04/2017
Investors are in awe at the release of the U.S. jobs report today. The U.S. added 209,000 jobs in July, which surpassed expectations. Recent data and ongoing political tensions have continued to weigh on the dollar, raising doubts over whether the Fed will raise rates again this year or not, helping Gold prices hold its value - until today. Read More
U.S. Dollar Recovers Ground
Daily Gold & Silver Market Report – 08/03/2017
Although still treading near a 2 1/2-year low, the U.S. dollar recovered some losses Thursday as investors look toward numbers from U.S. jobs data. Reuters Saikat Chatterjee said, “Most of the U.S. currency's gains came against the commodity linked currencies such as the Australian dollar and its Canadian counterpart, a theme that ... Read More
Spot Silver Prices Swing Lower
Daily Gold & Silver Market Report – 08/02/2017
The U.S. dollar stabilized Wednesday following a sustained slump, causing Precious Metal prices such as Silver to drop. Still, the gray metal is trading at more than one-month highs on the Comex division of the New York Mercantile Exchange. Read More
Gold Holds onto 7-Week Highs
Daily Gold & Silver Market Report – 08/01/2017
“Market players looked ahead to a key batch of U.S. economic data to gauge the strength of the world's largest economy and how it will impact the Federal Reserve's view on monetary policy,” which helped Gold prices stay above their seven-week highs, Read More
Gold Prices Hit 7-Week Highs
Daily Gold & Silver Market Report – 07/31/2017
Boosted by a struggling dollar and U.S. economic data that has caused investors to doubt whether the Federal Reserve will increase interest rates again this year, Gold values have climbed above $1,270 per ounce. Commerzbank Analyst Eugen Weinberg said, “Dollar weakness is driving the Gold price. It's not just against the euro, it's against most major currencies. U.S. politics is a mess and U.S. data h... Read More
Silver Charts Show Narrow Weekly Gain
Daily Gold & Silver Market Report – 07/28/2017
Despite recent volatility, momentum returned to the commodity markets this week. Similarly, Silver rates edged lower Friday but managed to stay ahead of weekly gains, however narrow. Sam Bourgi with Economic Calendar reports the gray metal is on t... Read More
Precious Metal Prices Rebound After Federal Reserve Meeting
Daily Gold & Silver Market Report – 07/27/2017
Silver prices saw a solid increase Thursday as the Federal Reserve’s latest policy decision Wednesday caused the U.S. dollar to fall to 15-month lows, according to Economic Calendar Financial Market Analyst Sam Bourgi. Silver for September delivery gained 1.8 percent to $16.76 per ounce at 7... Read More
Gold is Getting Bored
Daily Gold & Silver Market Report – 07/26/2017
Although political leaders continue shocking viewers like never before, one of the most popular safe-haven assets, Gold, has remained surprisingly calm. Furthermore, Bloomberg Reporter Eddie Van Der Walt says, “Miners have given up hedging future production under pressure from sh... Read More
Has Silver Peaked?
Daily Gold & Silver Market Report – 07/25/2017
Currently, Silver prices are being helped by the U.S. dollar, but how long will this support last? With a Federal Reserve meeting beginning Wednesday, many investors are concerned with how Precious Metals will be affected. Market analyst Paul Robinson with Read More
Gold Prices Finally Hit $1,260
Daily Gold & Silver Market Report – 07/24/2017
As investors adjust expectations ahead of the Federal Open Market Committee meeting scheduled for Wednesday, in addition to second-quarter GDP data due Friday, Precious Metal prices have been on the rise. Demand for Gold has been supported in recent weeks with uncertainty surrounding “another attempt by the [U.S.] Senate to repeal Obamacare and headlines c... Read More
When Will Silver Prices Bounce Back?
Daily Gold & Silver Market Report – 07/21/2017
With help from a weak U.S. dollar, Silver prices have regained some momentum in recent days. However, DailyFX Market Analyst Paul Robinson says, “We have yet to see the worst [Silver] levels before a meaningful low can form.” ... Read More
Precious Metals Know How to Take a Punch
Daily Gold & Silver Market Report – 07/20/2017
As the U.S. dollar weakens and physical demand strengthens, many investors are waiting for Precious Metals to jump. The Street Real Money Reporter David Williams, Jr. says as fall season, spot prices are setting up for a positive finish to the year. Both U.S. and geopolitical events contribute to a pote... Read More
Gold Pulls Back From 2-Week High as U.S. Dollar Steadies
Daily Gold & Silver Market Report – 07/19/2017
Gold slipped back near $1,240 an ounce Wednesday as the U.S. dollar regained some strength from its 10-month lows. Jan Harvey with Reuters says ,“Gold prices had risen nearly 2 percent by late Tuesday from early Friday levels as the collapse of U.S. President [Donald] Trump's healthcare bill and waning expectations for further rate hikes from the Federal Re... Read More
Silver Doubles Gold's Gain
Daily Gold & Silver Market Report – 07/18/2017
BullionVault.com reports spot Gold price gains of 0.5 percent “were doubled by Silver bullion in London trade Monday as world stock markets stalled at new all-time highs and major government bond prices rose.” Adrian Ash, director of research at BullionVault, said, &... Read More
Spot Gold Hits 2-Week Highs
Daily Gold & Silver Market Report – 07/17/2017
Gold prices finally started to show some strength, rebounding nearly 1.5 percent last Friday. It was the highest level in two weeks as “data pointed to weak U.S. inflation, reaffirming doubts that the U.S. central bank would again hike interest rates this year,” Read More
Can Silver Make a Comeback?
Daily Gold & Silver Market Report – 07/14/2017
Some investors are saying this is a “once-in-a-decade opportunity” to invest in Silver while it is so low, allowing them to stock up. Peter Spina, president and chief executive officer of GoldSeek.com, told MarketWatch, “Now that we have fallen below $16, we are back in what I believe is an extremely a... Read More
Gold Prices Slowly Strengthen
Daily Gold & Silver Market Report – 07/13/2017
After Federal Reserve Chair Janet Yellen signaled the Fed is moving toward a slower path to higher interest rates, Gold prices managed to slowly worked their way up. Investing.com says, “T... Read More
Gold Prices Jump Amid Latest Trump Scandal
Daily Gold & Silver Market Report – 07/12/2017
The dollar weakened and investors turned their attention back to Precious Metals over concerns regarding emails showing President Donald Trump's son apparently meeting with a Kremlin-linked lawyer to assist Moscow in influencing the U.S. election. CNBC reports that emails were released late Tuesday about Trump Jr. ... Read More
Silver, What's Going On?
Daily Gold & Silver Market Report – 07/11/2017
Silver prices crashed Friday, experiencing their lowest levels in 15 months, after the U.S. jobs report posted unexpected gains. Prices are slowly working their way back to $16 per ounce but investors remain leery without a steady uptrend. Many just want to know if this losing streak will continue or if the gray metal will start to make a comeback. Furthermore, Read More
Precious Metal Prices are on the Move!
Daily Gold & Silver Market Report – 07/07/2017
According to DailyFX, Silver dropped almost 11 percent in less than a minute during afterhours trading Thursday. Unfortunately, there are no current indications to this “crash” or why it happened, and it is extending to all Precious Metals, not just Silver... Read More
Why Most Precious Metal Miners Have Fallen
Daily Gold & Silver Market Report – 07/06/2017
As market prices for Precious Metals such as Gold, Silver and Platinum dropped Monday due to a stronger U.S. dollar, most mining shares also experienced a downturn. Market Realist Reporter Meera Shawn lists four mining stocks trading below their 20-day moving averages. However, Shawn says, “A subs... Read More
Concerns Surrounding North Korea Helped Gold Prices, But Not For Long
Daily Gold & Silver Market Report – 07/05/2017
ANZ Research said in a note, “Safe-haven buying re-emerged in the Gold market after the latest missile test in North Korea,” while the upcoming Federal Reserve meeting minutes are also in focus. On Wednesday, North Korea said its newly developed intercontinental ballistic missile (ICBM) can carry a large nuclear warhead, triggering a call by Washington for global action to hold it accountable fo... Read More
Silver Prices Struggle as U.S. Dollar Stabilizes
Daily Gold & Silver Market Report – 07/03/2017
Financial analysis with EconomicCalendar.com Sam Bourgi says that buying pressure for the grey metal faded after a very volatile first 6 months of this year. To recap, he said “Gold and Silver booked losses last week even as the U.S. dollar plunged to ten-month lows.” An additional contribu... Read More
The “Yo-Yo” Market
Daily Gold & Silver Market Report – 06/30/2017
CNN Money reporter Paul La Monica said that the Dow dropped more than 165 points Thursday, Nasdaq tumbled nearly 1.5 percent, and tech leaders such as Apple, Amazon, Microsoft, and Facebook were also all lower. The day prior, however, Nasdaq especially experienced one of their best days in m... Read More
What Could Happen to Silver Prices in July?
Daily Gold & Silver Market Report – 06/29/2017
As the month of June comes to an end, it is easier to see the price of Silver trends over the past 30 days. Even with a Federal Reserve interest rate hike and a spot price decline overall, the gray metal has shown positive signs of an increase. Gold Eagle News Reporter Darren Capriotti questions if the absen... Read More
Oil Surprise of 0.85 Million Barrel Inventory
Daily Gold & Silver Market Report – 06/28/2017
After a 2.7 million barrel draw last week, the American Petroleum Institute inventory data for the week ending June 23 recorded a 0.85 million-barrel increase. Tim Clayton, contributing author for EconomicCalendar.com, says markets expected a draw of 2.6 million barrels so for t... Read More
Spot Gold Declines in Preparation of Yellen Speech
Daily Gold & Silver Market Report – 06/27/2017
Gold continued its drop Tuesday ahead of Federal Reserve Chair Janet Yellen's speech, which could give clues on the pace of possible U.S. interest rate hikes for the coming months. Moreover, Reuters Reporter Nithin Prasad said, “The U.S. dollar hit a one-month high against the [Japanese] yen and rebounded against the euro on Monday ... Read More
Gold Prices Firm on Weaker Dollar
Daily Gold & Silver Market Report – 06/23/2017
The softening U.S. dollar, down 0.2 percent, along with risk aversion due to geopolitical events boosted the safe-haven appeal of Precious Metals Friday. Brian Lan, managing director at Gold dealer GoldSilver Central in Singapore, said , “The political situation in the United States, the UK, and North Korea-related developments are among the other factors creating a safe-haven demand for Gold. ... Gold is used as an alt... Read More
Is It Time For Silver to Shine?
Daily Gold & Silver Market Report – 06/22/2017
The high Gold/Silver price ratio, which rose to its highest level since March 2016, could spur Silver demand and make the gray metal the metal of choice, according to Kathleen Brooks with City Index. World markets and stocks have been tough to follow, but the volatility is what investors are weighing on for hopes of some ... Read More
Spot Gold Prices Mark Lowest Settlement in Five Weeks
Daily Gold & Silver Market Report – 06/21/2017
Comments from the Federal Reserve raised investor concerns as talk of one more 2017 interest rate hike is in the works. According to FactSet data, prices for yellow metal futures ended at their lowest since May 16. Furthermore, the U.S. dollar strengthened, causing the investment appeal of Precious Metals to dull. Until there is any clarity of what happens next, “economic and interest-rate policy uncertainty will contin... Read More
Could Palladium be 2017’s Top-Performing Commodity?
Daily Gold & Silver Market Report – 06/20/2017
Chip Chipman with Bloomberg News says in regards to main commodities, Palladium is out-performing them all so far this year. To further explain, Chipman says, “The metal is up 32 percent... Read More
Temperature of U.S. Economy is Running Cold
Daily Gold & Silver Market Report – 06/16/2017
Although economists still project growth for the second quarter, Reporter Steve Matthews with BloombergMarkets.com notes, “The Bloomberg U.S. Economic Surprise Index, which measures whether incoming economic data beat or miss expectations of surveyed economists, fell below zero Thursday for t... Read More
Hawkish Tone Unnerves Markets Around the World
Daily Gold & Silver Market Report – 06/15/2017
After raising interest rates for the second time in 2017, the Federal Reserve left markets surprised. Jed Graham with Investors.com reports, “Most Fed policymakers still expect another rate hike in 2017 and three more next year. The central bank also said it will start to normalize its massive... Read More
How the Fed Meeting Impacts Precious Metals
Daily Gold & Silver Market Report – 06/14/2017
Many, if not all, investors are watching the Federal Open Market Committee (FOMC) meeting Wednesday, which will provide clear insight on whether the Federal Reserve will keep the interest rate stagnant or increase it and if they are planning future rate hikes. Meera Shawn with MarketRealist explains higher rates offered on Treas... Read More
Silver ‘Undervalued’ In Comparison to Gold
Daily Gold & Silver Market Report – 06/13/2017
Director of research at BullionVault, Adrian Ash, says Precious Metal prices dropped again Tuesday “to one- and 3-week lows [for Gold and Silver] respectively as world stock markets rallied despite fresh political wrangling and uncertainty around the U.K.'s general election and looming Brexit ne... Read More
Price of Gold Starts To Rise
Daily Gold & Silver Market Report – 06/12/2017
The U.S. Federal Reserve policy meeting taking place Tuesday and Wednesday caused Asian stocks to fall as the U.S. dollar to ease slightly, as investors expect the meeting minutes to give hints as to the pace of future 2017 interest rate increases. Also from these expectations, the price of Gold started to work its way up on growing worries. It is almost certain the Fed... Read More
Gold Jumps after U.K. Election
Daily Gold & Silver Market Report – 06/09/2017
The results of Thursday's election in the U.K. sent shock waves through the markets, causing Precious Metals including Gold to rally, but Bloomberg Market Reporter Eddie Van Der Walt says only for British investors. Furthermore, Palladium prices surged more almost 8 percent to their highest since 2... Read More
European Central Bank Decision Causes Drop in Gold Prices
Daily Gold & Silver Market Report – 06/08/2017
Gold prices are set to continue their declines as investors prepare for what MarketWatch News Editor Rachel Koning-Beals says is “a flurry of potentially market-moving news around the globe.” In recent news, the European Central Bank (ECB), which could prove bearish for ... Read More
The Spot Price of Gold Could be Heading Much Higher
Daily Gold & Silver Market Report – 06/07/2017
The price of Gold hit its highest since the night of the U.S. presidential election in November and many investors say there is more to come. Rich Ross, technical analyst with Evercore ISI, said Tuesday on CNBC's " Read More
Silver On Track to Reach High Target
Daily Gold & Silver Market Report – 06/06/2017
Money Morning Reporter Peter Krauth says, “With last week's 1.2 percent gain, the price of Silver in 2017 is now up 9.9 percent to $17.58 [per ounce].” He says the rate of Silver prices could run into overhead resistance, leaving the price in a bullish state. In the m... Read More
Stock, Bonds, Gold and Silver Go Up
Daily Gold & Silver Market Report – 06/05/2017
With a disappointing jobs report, Precious Metals, especially Silver prices, started to take off Friday. In just three hours, reporter Keith Weiner with GoldSeek.com said Gold and Silver “gained $18 and 39 cents [respectively].” Not only did Gold and Silver prices go up, so did stocks and even ... Read More
Gold Value Pauses Ahead of Non-farm Payrolls Data
Daily Gold & Silver Market Report – 06/02/2017
President Donald Trump’s announcement Thursday that the U.S. would pull out of the landmark 2015 Paris Agreement, a 195-country accord to mitigate global warming, caused Gold prices to retreat. Markets now look for the release of U.S. non-farms payroll data. Gold Seek News reported, “General consensus is that 210,000 new positions were added in May. Ho... Read More
Value of Gold Falls
Daily Gold & Silver Market Report – 06/01/2017
MarketWatch Market and Commodities Reporters Myra Saefong and Rachel Koning Beals report that “a robust snapshot of private-sector hiring provided support for the dollar and backed expectations for a U.S. interest-rate hike later this month,” causing Gold prices to fall Thursday. Payr... Read More
Dollar Rally Causes Silver Value to Drop
Daily Gold & Silver Market Report – 05/31/2017
The U.S. dollar has regained strength, causing Silver prices to drop again. However, the gray metal held its ground and investors hope it will even out with pressure from a possibility of higher interest rates. Economic Calendar Reporter Sam Bourgi said the dollar has “regained its footing over the past week after a series of heavy losses ... [ben... Read More
Spot Gold Reaches One-Month Highs
Daily Gold & Silver Market Report – 05/30/2017
After setting a one-month high early Tuesday morning, Gold rates eased on political worries surrounding Europe. Reuters Reporter Zandi Shabalala said the yellow metal “benefited from a risk-averse mood in global markets along with the Japanese yen and U.S. Treasuries.” A British electi... Read More
Silver Rates on Track for Second Straight Weekly Gain
Daily Gold & Silver Market Report – 05/26/2017
Spot Silver prices were on track for a second consecutive of week gains with help from a weaker U.S. dollar and risk aversion. Economic Calendar Reporter Sam Bourgi reported, “The dollar declined slightly against the [Japanese] yen after government da... Read More
Spot Gold Prices Find Support After FOMC Meeting
Daily Gold & Silver Market Report – 05/25/2017
Following Wednesday’s Federal Open Market Committee (FOMC) meeting, spot Gold prices regained traction within the market. Pablo Piovano with FXStreet said, “Members of the Committee have suggested as well that further evidence of the ‘transitory’ slowdown ... Read More
Gold Prices Drop From 3-Week High
Daily Gold & Silver Market Report – 05/24/2017
With the U.S. dollar finding support on a weakened euro following a suspected terror attack in England, Precious Metal prices settled lower Tuesday, with Gold retreating from its three-week high. Financial markets were cautious following the apparent suicide bombing at a concert venue in Manchester. Still, Silver and Gold rates continue looking for clues regarding an interest rate hike next month. Bill Baruch, chief market st... Read More
Gold Charts Signal A Breakout
Daily Gold & Silver Market Report – 05/23/2017
CNBC Senior Producer Gina Francolla and News Associate Fred Imbert said spot Gold prices are up almost 10 percent in 2017 and after Monday's reports, analysts say the yellow metal could be “primed for more gains.” To break this down, Gold prices saw a small gain, “enough to pu... Read More
Trump Causes Double-Edged Sword for Gold
Daily Gold & Silver Market Report – 05/22/2017
Although Gold prices may continue to rise as investors look to that safe-haven asset, Michael Cuggino, president and portfolio manager at a San Francisco-based fund, says they could drop if the U.S. political turmoil curbs inflation risks on disappointing growth. Ranjeetha Pakiam with Bloomberg ... Read More
The Silver Train Is Moving
Daily Gold & Silver Market Report – 05/19/2017
Although there are no guarantees in a paper market, Gary Christenson with SilverSeek.com says while spot Silver prices could collapse further, it is more likely they could move substantially higher. For Silver prices to quickly rise, one of the many variables is how rapidly the Federal Reserve and commercial banking will increase the money sup... Read More
Silver Prices Correct 1 Percent Lower
Daily Gold & Silver Market Report – 05/18/2017
Recent political turmoil in Washington caused Silver prices to slip earlier Thursday from multi-week highs. Although prices managed to rise the previous six sessions, Sam Bourgi with EconomicCalendar.com says, “Analysts warn that Silver is likely to be range-bound for much of the year.” What caused this d... Read More
Could Silver Rally?
Daily Gold & Silver Market Report – 05/17/2017
As any investor should know, Precious Metal prices and the dollar typically move in opposite directions. When the U.S. dollar/South African rand exchange rate (ZAR) moves up, spot Silver prices tend to move down and vice versa. Due to the nature of this relationship, SilverSeek.com Reporter Hubert Moolman say... Read More
The Best Is Yet to Come for Oil and Silver Prices
Daily Gold & Silver Market Report – 05/16/2017
Commodities started the week strong with both crude oil and Silver prices gaining early Monday morning. Although both suffered in recent weeks, some investors believe those prices will continue to rise. But what caused this boost? CNBC Reporter Matt Maley says crude oil rallied not only because of an agreement... Read More
Silver Prices in Terms of Supply and Demand
Daily Gold & Silver Market Report – 05/15/2017
London-based writer and Sharps Pixley commentator Lawrence Williams said although the fall of global Silver production was “a minimal 0.6 percent, global Silver demand in 2016 was estimated to have exceeded supply by a rather larger 147.5 million ounces - a seemingly ever-continuing glo... Read More
Despite Weakness, Long-Term Views for Precious Metals
Daily Gold & Silver Market Report – 05/12/2017
Although we have watched Gold and Silver take a hit the past couple of weeks, one of the world's leading Precious Metals analysts, Jeff Christian, thinks it is “more of a short-term reaction to subsiding geopolitical fears and reiterates his long-term bullish outlook based on a number of fundamental drivers.” In April, the U.S. bombed a Syrian airbase and President Donald Trump's administration commented on sendin... Read More
Gold Has Best One-Day Gain in Over 2 Weeks
Daily Gold & Silver Market Report – 05/11/2017
As of Wednesday, Gold futures tallied their best single-session gain in more than two weeks, according to MarketWatch Markets and Commodities Reporters’ Myra Saefong and Rachel Koning Beals. Movement within the Precious Metals market “comes against the backdrop of President Donald Trump’s Read More
Gold Price Finally Rebounds After 8-Week Low
Daily Gold & Silver Market Report – 05/10/2017
Spot Gold prices finally rebounded (up 0.1 percent according to Reuters reporter Swati Verma) with a weaker dollar after U.S. President Donald Trump shocked Washington by abruptly firing FBI Director James Comey. INTL FCStone analyst Edward Meir said, “We should see some decent buying set in, as a roughly 10-percent correction from the highs shou... Read More
Could Silver Reach $136.67 Per Ounce?
Daily Gold & Silver Market Report – 05/09/2017
At the Atlas 400's annual closed door meeting, the CEO of one of the largest Silver mining companies in the world said that “Without Silver, our entire society would go back to the Stone Age.” However, ValueWalk reporter “Sovereign Man” says, “the sa... Read More
Gold, Silver Prices Advance As Macron's Win Strengthens Euro
Daily Gold & Silver Market Report – 05/08/2017
On Monday, the euro hit a six-month high against the U.S. dollar after centrist Emmanuel Macron “comfortably won the French presidential election, defeating Marine Le Pen,” Reuters Reporter Swati Verma said. “Leading into the election, with many polls predicting Macron's victory, we saw safe-haven buying easing into... Read More
Gold Trims Gains After U.S. Job Report Release
Daily Gold & Silver Market Report – 05/05/2017
Myra Saefong and Mark Decambre with MarketWatch said Gold prices remained in positive territory after “April’s strong job report was seen keeping the Federal Reserve on a path of higher interest rates,” which could happen as soon as next month. Ac... Read More
Oil Prices Collapse
Daily Gold & Silver Market Report – 05/04/2017
According to Julia Simon with Reuters, “oil prices collapsed on Thursday to their lowest since late November as investor worries about the world's stubbornly persistent glut of crude erased most of the gains that followed last year's OPEC's output cut.” Simon also mentioned the decline worsened after OPEC delegates downplaye... Read More
Gold Prices Hit 3-Week Low
Daily Gold & Silver Market Report – 05/02/2017
The yellow metal officially hit a three-low closing point “following U.S. data that imply a strong rebound in second-quarter economic growth,” MarketWatch Reporters Myra Saefong and Mark Decambre said. With recent geopolitical risk, especially across Europe, starting to settle down, safe-haven assets such as G... Read More
Platinum Could Soar 36.5 Percent in 2017
Daily Gold & Silver Market Report – 05/01/2017
Recently, investors have taken advantage of lower spot prices for Platinum as a buying opportunity. Over the last two months, MoneyMorning.com says Platinum prices ha... 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.
