Precious Metals Market Reports
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
Gold Set for Seven-Week Low
Daily Gold & Silver Market Report – 04/28/2017
Spot Gold prices were poised for the biggest weekly fall in seven weeks as investors look towards higher returns by buying into riskier assets rather than Precious Metals. NASDAQ and Reuters reporter Swati Verma said, “Gold is on track ... Read More
Has Silver Already Peaked for the Year?
Daily Gold & Silver Market Report – 04/27/2017
Although spot Silver prices were outpacing Gold year-to-date’s performance, says Myra P Saefong, Markets and commodities reporter with MarketWatch, this week shows that Silver prices could be on a downtrend for possibly a couple months to come. According to ... Read More
Gold Prices Slip to Two-Week Lows
Daily Gold & Silver Market Report – 04/26/2017
Reuters reported, “Investors opted for riskier assets such as equities on renewed optimism over the U.S. economy and as political uncertainty in France receded,” causing demand for safe-haven assets such as Read More
Silver Prices Edge Lower
Daily Gold & Silver Market Report – 04/25/2017
Investors hold tightly to bullish stocks as they await the results of the French presidential election, causing spot Silver prices to dip below $18.00 per ounce Tuesday. Despite the sharp declines in spot Gold prices, the gray metal managed to stay steady Monday. Market Analyst Sam Bourgi with Read More
Precious Metal Prices Slip More Than 0.50 Percent
Daily Gold & Silver Market Report – 04/24/2017
On account of subdued Precious Metals demand from jewelers, retailers and industries, Gold and Silver prices traded a bit lower early Monday morning. According to ETMarkets.com, the yellow metal was trading 0.9... Read More
Gold and Silver Prices Up Ahead of French Elections
Daily Gold & Silver Market Report – 04/21/2017
With the first round of French presidential elections scheduled for this Sunday, banter between support and resistance in Precious Metal prices continues. James Stanley, currency strategist with DailyFX, feels strongly that when election results are released, we ... Read More
Geopolitical Jitters Limit Gold Loss
Daily Gold & Silver Market Report – 04/20/2017
Precious Metal prices including Gold fell for a second straight session Thursday even with an ease in the U.S. dollar. MarketWatch News Editor Rachel Koning-Beals said, “Pr... Read More
New Opportunity for Gold
Daily Gold & Silver Market Report – 04/19/2017
According to CNBC reporter Louisa Bojesen, investors “have pushed spot Gold prices up to around 8 percent since the beginning” of 2017 due to geopolitical and economic uncertainty. Especially with recent events in places like Syria and North Korea, many people are turning toward those safe-haven assets ... Read More
Gold and Silver Rebound After Trump’s Comment
Daily Gold & Silver Market Report – 04/13/2017
Precious Metal prices rallied early Thursday morning after President Donald Trump stated the U.S. dollar has been trading at “too strong” of a level, MarketWatch Reporters Myra P. Saefong and Carla Mozee said. “June Gold advanced 0.6 percent, to $1,285.20 an ounce, with prices holdi... Read More
Gold Price Surge As Risk Aversion Swept Financial Markets
Daily Gold & Silver Market Report – 04/12/2017
Senior Currency Strategist Ilya Spivak with DailyFX says, “Haven-seeking capital flows pushed up Treasury bonds and sent yields lower while the priced-in 2017 [Federal Reserve interest] rate hike outlook implied in futures markets flattened. Read More
Dow Plummets 100 Points
Daily Gold & Silver Market Report – 04/11/2017
Investors remain on edge as they keep a close watch on geopolitical tensions around the world. “The Dow Jones industrial average dropped more than 100 points, with Apple contributing the most losses,” CNBC Reporter Fred Imbert said. Furthermore, the Dow transports were also pressured, as United Continental's shares dropped more ... Read More
Silver Prices Fall Below $18.00
Daily Gold & Silver Market Report – 04/10/2017
Spot Silver prices were greatly affected Monday morning as the U.S. dollar rose to more than three-week highs against a basket of other major currencies, causing the gray metal to fall more than 1.5 percent, said Economic Calendar financial market analys... Read More
Gold Hits 5-Month High after U.S. Missile Strike
Daily Gold & Silver Market Report – 04/07/2017
After the United States fired cruise missiles at a Syrian airbase, tensions heightened and investors moved their focus to safe-haven assets, especially Precious Metals. Commodity Discovery Fund founder Willem Middelkoop said, “There is the risk that the fight over Syria will lead to a larger confrontation in which Iran and Russia, and the U.S., could get involved, so it could have more serious implications overall. That... Read More
The Heavily Anticipated Meeting between Two Presidents Has Arrived
Daily Gold & Silver Market Report – 04/06/2017
The first meeting between the leaders of the world's two largest economies begins Thursday. President Donald Trump believes Beijing has kept its currency (the yuan) artificially low as part of a trade policy he says has destroyed American jobs and created an enormous gap between what the U.S. imports and exports from China. Jethro Mullen with Read More
Can Gold and Silver Be Used as Legal Tender in Texas?
Daily Gold & Silver Market Report – 04/05/2017
Texas Sen. Bob Hall introduced Senate Bill 2097 March 10, which “includes a number of provisions to establish Gold and Silver as legal tender in Texas,” TenthAmendmentCenter.com Communi... Read More
Gold Prices Advance for Third Straight Day
Daily Gold & Silver Market Report – 04/04/2017
As investors nervously await the meeting between U.S. President Donald Trump and Chinese President Xi Jinping, Gold futures climbed for a third-straight day Tuesday. Furthermore, the safe-haven asset found ground as the U.S. non-farm payrolls report Friday could contain clues regarding future interest-rate hikes. Carsten Fritsch and the commodities team at Commerzbank said in a commentary, “Gold has been profiting not o... Read More
What’s Next for Spot Gold Prices This Week
Daily Gold & Silver Market Report – 04/03/2017
Supported by uninspiring U.S. economic data and dovish remarks from St. Louis Federal Reserve President James Bullard Friday, spot Gold prices have not moved much;. However, investors are keeping a close eye on prices with the expectation of further interest rate hikes this year. Mark To, head of research at Hong Kong's Wing Fung Financial Group, said, “The intere... Read More
A Mysterious Trader is Betting Millions on a Volatility Spike
Daily Gold & Silver Market Report – 03/31/2017
CNBC reports there is an investor, also known as “50 cent” who has lost around $75 million betting on a volatility spike in the market, is wanting to do it again! Macro Risk Advisors Head of Risk Strategy Pravit Chintawongvanich said, "I would categorize them as someone who doesn't flinch at losin... Read More
Silver Prices Rise Nine Consecutive Days
Daily Gold & Silver Market Report – 03/30/2017
Market Analyst Paul Robinson with DailyFX says Silver prices are “holding up better than Gold, and after nine consecutive up-days [they are] looking to take a breather from around the trend-line running down off the July spike-high.” Robinson feels... Read More
Dollar Recovery Caps Gold Prices
Daily Gold & Silver Market Report – 03/29/2017
Although the impact was offset by a fresh decline in eurozone yields and overall firm demand for Gold, Tim Clayton with Economic Calendar said Gold price increases were curbed due to the U.S. dollar finally rebounding and an improved tone surrounding ... Read More
Spot Silver Breaks $18
Daily Gold & Silver Market Report – 03/28/2017
Peter Krauth with Money Morning said Monday was the first time since March 1 that spot Silver prices reached above $18 per ounce. Why the rally? Krauth says it is not only due to stocks, oil and the U.S. dollar taking hits, but ever since the Federal Reserve interest rate hike March 15, Precious M... Read More
Silver Price Rally Continue as Dollar Selloff Intensifies
Daily Gold & Silver Market Report – 03/27/2017
Precious Metals have caught another tailwind from the falling U.S. dollar, causing spot Silver prices to rise more than one percent earlier today. Economic Calendar market analysts Sam Bourgi said, “The rally was triggered by another sharp... Read More
Gold Prices Slip as Market Awaits U.S. Healthcare Vote
Daily Gold & Silver Market Report – 03/24/2017
The dollar rose, pushing Precious Metal prices downward, as many investors await results of the healthcare reform being pushed by President Donald Trump. Reuters reported, “A rough ride for the healthcare plan could affect Trump's efforts to cut taxes and boost infrastructure, with t... Read More
Gold Price Rallies Again
Daily Gold & Silver Market Report – 03/23/2017
Paul Whitfield with TheStreet says spot Gold prices have gained “more than 2 percent since mid-March as economic fundamentals lined up to support a rally,” and many think this rally could continue especially after Thursday's discussi... Read More
Mining Stocks Keep an Eye on Precious Metals
When it comes to price movements, Precious Metal mining companies, who Market Realist Reporter Meera Shawn says belong to the equity category of assets, tend to follow the Precious Metals market for movements within their prices. Furthermore, mining shares are also affected by global implications such as political and market uncertainty, ... Read More
Spot Gold Tries to Gain Momentum
Daily Gold & Silver Market Report – 03/21/2017
Although the financial market is able to withstand being pulled in different directions, Clyde Russell with Economic Times says that Gold is not able to do so. Investors were shocked to see spot Gold prices increase ... Read More
Gold Prices Cut with Hedge Funds Surprised
Daily Gold & Silver Market Report – 03/20/2017
Federal Reserve Chair Janet Yellen's comments last Wednesday regarding future 2017 interest rate hikes “sparked the biggest Gold rally since November,” Bloomberg reporter Luzi-Ann Javier said. “Negative yields give an advantage to [Precious Metals], which some investors consider a st... Read More
Gold Spot Prices Rise to the Occasion
Daily Gold & Silver Market Report – 03/17/2017
Gold sees gains as investors seek to hedge against U.S. dollar weakness following Wednesday’s interest rate hike. Rosland Capital Senior Economic Adviser Jeffrey Nichols explains there is a rush to Gold over equities as “a competition between the two markets in the short term looks like Gold will win.” Many investors anticipate further inflation worldwide as not only the Federal Reserve but also other centra... Read More
Gold and Silver Spot Prices Soar
Daily Gold & Silver Market Report – 03/16/2017
Following the U.S. Federal Reserve meeting where they announced the next interest rate increase, the U.S. dollar dropped to its lowest in more than a month, causing Precious Metal stocks to surge over one percent Thursday morning. Federal Reserve Chair Janet Yellen said the central bank would stick to gradual interest rate hikes, even if inflation runs above its 2 percent target. Read More
European Poll Worries Cause Gold to Rise
Daily Gold & Silver Market Report – 03/15/2017
Reuters reported the outcome of Dutch elections has caused a bit of uncertainty throughout markets Wednesday while many await the outcome of the Federal Open Market Committee meeting, causing spot Gold prices to rise. Now that everyone believes an interest rate increase is certain, investors have... Read More
Spot Gold is Steady
Daily Gold & Silver Market Report – 03/14/2017
Spot Gold prices began to balance out early Tuesday as investors await the two-day U.S. Federal Reserve meeting, where interest rates are expected to be raised. An uptick in inflation, the strengthening U.S. jobs market and uncertainty surrounding the upcoming elections in Europe all point to a rate hike. Read More
Gold Finally on the Rise
Daily Gold & Silver Market Report – 03/13/2017
After nine straight sessions of losses, led by strong expectations of an interest rate hike at the Federal Reserve's Wednesday meeting, Gold prices are finally turning positive early Monday morning due to “uncertainty surrounding elections in the Netherlands” MarketWatch News Editor Rachel Koning Bea... Read More
Is Silver Undervalued?
Daily Gold & Silver Market Report – 03/10/2017
In comparison to ancient times, modern-day Silver prices are ridiculously low. Dominic Frisby with SilverSeek.com compares the salary wages of medieval workers to those of construction workers today and his results are surprising, saying that of course &ldquo... Read More
How Trump Affects the Price of Gold
Daily Gold & Silver Market Report – 03/09/2017
There is no doubt President Donald Trump has made his fair share of promises to help spur economic growth. However, investors remain watchful with talk of adding nearly $1 trillion to the U.S. debt, which could cause safe-haven assets such as Gold and Silver to increase in demand. “To the extent we have a large amount of debt that's yielding 0 or close to 0, it co... Read More
Could the Price of Precious Metals Bounce Back?
Daily Gold & Silver Market Report – 03/08/2017
According to Forex.com, “Market participants have apparently reduced their holdings in buck-denominated Precious Metals.” The question is, is it possible for Precious Metals prices to rebound for the second half of this week? Although the dollar sh... Read More
Silver Prices Looking to Continue Losses
Daily Gold & Silver Market Report – 03/07/2017
Market Analyst Paul Robinson with DailyFX said Silver prices are “on the verge of breaking an important trend-line rising up from the December low.” Although the gray metal did bounce for a day, momentum from recent news of a mid-March interest ... Read More
Silver Prices Snapped Back
Daily Gold & Silver Market Report – 03/06/2017
As the stock market steadied following Thursday's 4 percent plunge, which shaved $2 billion from the futures market, Silver prices regained momentum early Monday morning. Despite last week’s decline that pushed the gray metal into negative territory after nearly two months of solid increases, Read More
Gold Heads for Worst Week since November
Daily Gold & Silver Market Report – 03/03/2017
With a U.S. interest rate hike set for mid-March, the chances of a Gold rally soon are slim. "With [U.S. Federal Reserve] President Janet Yellen on the wires tonight, we look to see further weakness across the precious complex should she, as expected, promote the potential for an interest rate increase in March," MKS PAMP Group trader Sam Laughlin said. According to Read More
Gold Prices Drop for Third Straight Session
Daily Gold & Silver Market Report – 03/02/2017
Gold futures were set to drop Thursday “for a third straight session as increasing expectations for a rate increase, as early as mid-March, and continued optimism about global economic growth dulled the appeal of Precious Metals,” MarketWatch News Editor Rachel Koning Beals reported. Remarks by Federa... Read More
Silver and Gold Prices Drop
Daily Gold & Silver Market Report – 03/01/2017
With recent hints of a possible March interest rate increase, Gold prices began to drop early Wednesday morning. San Francisco Federal Reserve President John Williams said late Tuesday that an interest rate rise “is on the table for serious consideration” at the Fed’s policy meeting scheduled for mid-March. Comments from New York Federal Reserve Presid... Read More
Uncertainty for Gold Bulls
Daily Gold & Silver Market Report – 02/28/2017
Gold spot prices could be in danger depending on what President Donald Trump discusses in Tuesday's address to Congress regarding higher interest rates, potentially causing the dollar to rally. Although many investors want President Trump to provide more details regarding his economic stimulus plans, Henry Sanderson with Fi... Read More
Gold Price Holds Near 3 1/2 Month High
Daily Gold & Silver Market Report – 02/27/2017
Pratima Desai with Reuters said Gold prices were softer Monday, “near to the 3 1/2 month highs hit last week as investors waited for U.S. President Donald Trump to outline plans for tax cuts, infrastructure spending, and levies on imports and foreign policy.” Danske Bank analys... Read More
Gold Prices Rise Before Trump Speech
Daily Gold & Silver Market Report – 02/24/2017
Investors are wary heading into the weekend, before President Donald Trump addresses the U.S. House and Senate Tuesday. Bloomberg Markets reporter Robert Brand said, “Global stocks retreated, erasing gains for the week as a glum set of European corporate earnings compounded investor nervousness b... Read More
Silver Prices Hold Regardless of Dollar Strength
Daily Gold & Silver Market Report – 02/23/2017
The fact that both Silver prices as well as Gold prices have improved while the U.S. dollar has strengthened is definitely worth mentioning. "Last week’s [Consumer Futures Trading Commission] data, up to the close on February 14, showed the net long fund position (NLFP) climbed 6,535 contracts to 84,812 contracts," William Adams with Read More
Gold Prices Recover Ground Following US PMI Disappointment
Daily Gold & Silver Market Report – 02/22/2017
Although Gold prices saw pressure Wednesday from a strengthening dollar in Asia, a weaker than expected PMI and political uncertainty triggered a reversal in trends with Gold. EconomicCalendar.com reporter Tim Clayton said, “The dollar pushed higher... Read More
Hedge Funds Taking Profits in Gold
Daily Gold & Silver Market Report – 02/21/2017
According to latest trade data from the Commodity Futures Trading Commission, hedge funds took profits in Gold for the first time in three weeks as prices hit nearly a three-month high. “Strong U.S. economic data, speculation the U.S. administration will deliver fiscal stimulus, along with [Federal Reserve] statements pointing to possible imminent rate hikes convi... Read More
Yellen Can’t Halt Trump Gold Rally
Daily Gold & Silver Market Report – 02/20/2017
Bloomberg Markets reporter Luzi-Ann Javier said Gold bulls “should’ve had more faith,” acting as if they can’t believe a good thing when it’s happening. Right before Gold prices neared a two-month high and capped ... Read More
BlackRock Backs Gold Hedge to Market Risk
Susanne Barton with Bloomberg.com said, "Stocks have rallied to records amid signs of stabilization in China’s economy and bets that President Donald Trump will boost U.S. infrastructure spending, roll back regulations, and cut taxes." Russ Koesterich, who helps manage the $41 billion BlackRock Global Allocation Fund, said that although investors are optimist... Read More
The Price of Silver is On a Big Tear in 2017
Daily Gold & Silver Market Report – 02/16/2017
The Gold price has received a lot of buzz so far in 2017; however, Coin World reporter Joe O’Donnell said since Christmas, “the price of Silver has enjoyed an even steeper climb.” An article by Read More
How the Equity Market is Impacting Gold
As further movements in the Gold price are currently unclear, investors seem to be in a fix. Market Realist Reporter Meera Shawn said, “The world famous and widely used SPDR Gold Shares ETF has risen approximately 11 percent in 2017 so far.” With equity markets as a crucial part of the overall economy, the changes in Precious Me... Read More
Trump Rally Gives Way to Caution As Yellen Testimony Looms
Daily Gold & Silver Market Report – 02/14/2017
Federal Reserve Chair Janet Yellen is scheduled to give her semi-annual testimony Tuesday, where she is expected to give clues to when the next U.S. interest rate increase will occur. Caution set in ahead of her remarks, flatlining stock and dropping the U.S. dollar. Reuters... Read More
Silver Price Uptrend Continues To Strengthen
Daily Gold & Silver Market Report – 02/13/2017 Bruce Powers, Commodities reporter with Investing.com, said Silver prices “[have] been in a rising trend channel for the past seven weeks, ever since hitting a bottom at 15.64 [per ounce] in December. As of last week’s high, Silver was up 15.1 percent off that Dece... Read More
Gold Prices Slump as Tax Cut Hopes Revive the Trump Trade
Daily Gold & Silver Market Report – 02/10/2017 Gold prices plummet as tax cut hopes revive “Trump trade” White House news-flow may overshadow consumer confidence data Ilya Spivak, Senior Currency Strategist with Read More
Not Much Change in Silver Prices for Narrow Trade
Daily Gold & Silver Market Report – 02/09/2017 As political uncertainty keeps Precious Metal demand high, Silver edged slightly higher Thursday set for another week of gains. EconomicCalendar.com reporter Sam Bourgi notes, “The grey metal has surged nearly 11 percent since the start of January. Its technical indicators su... Read More
WHY SILVER PRICES IN 2017 WILL SOAR
Daily Gold & Silver Market Report – 02/07/2017 According to Peter Krauth, resource specialist with Money Morning, the price of Silver is up 9.3 percent year to date, as of Feb. 3. Since taking office Jan. 20, President Donald Tru... Read More
INVESTMENT VETERAN FAVORS GOLD
Daily Gold & Silver Market Report – 02/06/2017 According to Independent Strategy Ltd.’s David Roche, who has about 45 years of experience covering markets, said that Gold will climb about 6 percent through the end of the year as investors seek a shelter from the rising political risk surrounding President Donald Trump. It’s no surprise that Trump’s first two weeks in office have been eventful, and Trump has fired up inves... Read More
SPOOKED PRECIOUS METAL FUND INVESTORS DRIVE GOLD DEMAND TO THREE-YEAR HIGH
Daily Gold & Silver Market Report – 02/03/2017 According to Gaurav Sharma with International Business Times, “Investors searching for a safe haven in the wake of a series of unpredictable political developments sent Gold demand rocketing to a three-year high. In its annual appraisal of the market, the World Gold Council (WGC) said investors' takings via exchang... Read More
GLOBAL GOLD PRICES HIT OVER ONE-WEEK HIGH
Daily Gold & Silver Market Report – 02/02/2017 On Wednesday, the U.S. Federal Reserve met for the first time since President Donald Trump took office, announcing they would keep interest rates unchanged. This news weakened the dollar, helping Gold prices hit a more than one-week high Thursday. Despite not changing interest rates, the Fed did paint a relatively upbeat picture of the U.S. economy and even suggested monetary... Read More
SILVER, PLATINUM, PALLADIUM SEEN AS SAFE HAVENS
Daily Gold & Silver Market Report – 02/01/2017 As GoldSeek reports, new research confirms in addition to Gold, Silver, Platinum and Palladium bullion all act as safe havens during economic uncertainty, which is particularly prevalent due to the impacts of Brexit on the UK and the eurozone along with financial and geopolitical risk under newly-elected Presiden... Read More
GOLD PRICES RISE ON RETURNING RISK-OFF SENTIMENT
Daily Gold & Silver Market Report – 01/31/2017 As U.S. equity markets dropped and the U.S. dollar index weakened Tuesday morning, EconomicCalendar.com’s Tracy Morganthall says Gold prices benefited from a return to a risk-off sentiment. Based on volume in the contracts, Morganthall said, “The front month in Gold futures has transitioned from February to April.” Equity m... Read More
GOLD UP ON WEAKER DOLLAR, PALLADIUM AND PLATINUM PRICE SHOW GROWTH
Daily Gold & Silver Market Report – 01/30/2017 Propped up by a weaker dollar and sluggish economic data from the U.S., Gold prices edged up today while the Lunar New Year holiday in Asia was seen limiting gains. Analysts have sharply scaled back expectations for Gold prices this year after the yellow metal's weak fourth-quarter performance, with the prospect of further U.S. interest rate hikes and a bumper year for stocks... Read More
SILVER PRICES POISED FOR FIRST WEEKLY LOSS OF 2017
Daily Gold & Silver Market Report – 01/27/2017 Silver spot prices declined Friday and are looking at their first weekly loss in five on stronger risk appetite and profit-taking. “For the week, the gray metal is on track to lose nearly 2 percent,” Sam Bourgi with EconomicCalendar.com reports. “Gold’s premium over ... Read More
GOLD FALLS AS EQUITIES RALLY OFFSET U.S. POLICY CONCERNS
Daily Gold & Silver Market Report – 01/26/2017 Gold prices were declining Thursday morning as “a rally in U.S. equities offset support from uncertainty over the new U.S. administration’s policies and a weaker [U.S.] dollar,” Nasdaq reports. “Spot Gold prices were down 0.34 percent at $1,196.12 per ounc... Read More
SPOT GOLD PRICES DRIFT LOWER
Daily Gold & Silver Market Report – 01/24/2017 The yellow metal was unable to break key resistance levels Tuesday and drifted weaker as the U.S. dollar regained ground. Overall, however, the dollar, along with U.S. equity markets, declined in a more cautious environment. Tim Clayton with EconomicCalendar.com said, “U.S. bond yields also moved lower, which underpinned Read More
GOLD EXTENDS GAIN IN TRUMP ERA
Daily Gold & Silver Market Report – 01/23/2017 U.S. dollar weakness and uncertainty for trade and economic growth at the start of Donald Trump’s presidency helped Gold prices gain Monday, adding to what had been a fourth-straight weekly advance through Friday. Carsten Fritsch and the commodities team at Commerzbank said in a note, “We believe that Gold is finding support from the weaker U.S. dollar, which depreciated notice... Read More
GOLD PRICES EDGE LOWER
Daily Gold & Silver Market Report – 01/20/2017 As the U.S. dollar retreated from recent highs, spot Gold prices found support below $1,200 per ounce Thursday, but buying support was limited ahead of President-elect Donald Trump’s speech Friday. Federal Reserve Chair Janet Yellen adopted a slightly less hawkish tone in her latest policy speech. Read More
GOLD FUTURES CONSOLIDATE AS DOLLAR REBOUNDS
Daily Gold & Silver Market Report – 01/19/2017 Economic Calendar’s Tracy Morganthall reported Gold prices cleared $1,200 per ounce Tuesday, on a sharp sell-off of the dollar, and followed with consolidation Thursday. Morganthall said, “A period of correction or consolidation appears warranted, given the overbought conditi... Read More
GOLD SPOT PRICES RUN INTO RESISTANCE
Daily Gold & Silver Market Report – 01/18/2017 Spot Gold prices hit resistance near $1,220 per ounce and drifted lower Wednesday as the U.S. dollar regained ground. The recently weak dollar was important in boosting Precious Metal prices, especially as U.S. bond yields also edged lower. With a slight decline in the January New York Empire State manufacturing index, Tim C... Read More
GOLD PRICES JUMPS WITH TRUMP AND BREXIT UNCERTAINTY
Daily Gold & Silver Market Report – 01/17/2017 As investors drew in their horns in response to comments on the dollar from U.S. President-elect Donald Trump and ahead of a speech on Brexit from British Prime Minister Theresa May, while Gold prices rose, stocks, bond yields and the dollar fell this morning. Trump's comments about the dollar being too strong and hurting U.S. competitiveness pushed the greenback down across ... Read More
GOLD SPOT PRICE RISES TO EIGHT-WEEK HIGH
Daily Gold & Silver Market Report – 01/16/2017 Gold prices touched their highest level in about eight weeks Monday as analysts prepare for worries about both President-elect Donald Trump and Brexit. Trump’s comments in recent interviews touched on China, Russia, the European Union and more. Writer Victor Reklaitis with Read More
GOLD PRICES UNDER CUT BY DOLLAR RECOVERY
Daily Gold & Silver Market Report – 01/13/2017 After hitting seven-week highs Thursday, a U.S. dollar recovery and firm tone in risk appetite undermined the potential for further gains in Gold prices with a retreat below $1,200 per ounce. Tim Clayton with EconomicCalendar.com said, “The dollar remain... Read More
GOLD FUTURES TOP $1,200
Daily Gold & Silver Market Report – 01/12/2017 Gold rallied to a seven-week high Thursday after the U.S. dollar dropped in response to President-elect Donald Trump’s highly-anticipated press conference. Dollar weakness is typically beneficial to Gold spot prices, boosting the yellow metal's appeal as an alternative asset and making the dollar-priced commodity cheaper for holders of other currencies. Trump disappointed the... Read More
GOLD PRICE UNCERTAINTY
Daily Gold & Silver Market Report – 01/11/2017 Although the U.S. dollar strengthened a bit Wednesday, Gold has been supported by a decline in bond yields and uncertainty surrounding U.S. economic policies. Gold edged higher in Asian trading, with Chinese physical demand helping underpin prices. Caution ahead of President-elect Donald Trump’s scheduled press conference Wednesday has tempered movement. Tim Clayton with Read More
Daily Gold & Silver Market Report – 01/09/2017
GOLD RISES AS MARKETS AWAIT TRUMP Gold improved Monday as uncertainty rises ahead of President-elect Donald Trump’s inauguration Jan. 20. However, the yellow metal didn’t climb too far with an uptick in the U.S. dollar. Reuters Jan Harvey said the Precious Metal “lost some ground on Friday after a U.S. payrolls report supported the view that the Federal... Read More
Daily Gold & Silver Market Report – 01/06/2017
GOLD SLIPS FROM 1-MONTH HIGH Gold slipped Friday after reaching a one-month high touched Thursday as traders cut bets on higher prices ahead of the U.S. jobs report. Reuters reporter Peter Hobson said, “The [yellow] metal was still 2.2 percent higher this week, its biggest weekly rise in two months, helped by a broad weakening of the dollar and a retreat in U.S. bond yields.” Saxo Bank analyst Ole Hansen said... Read More
Daily Gold & Silver Market Report – 01/05/2017
GOLD HOLDS ITS GROUND AT MORE THAN 3-WEEK HIGH Gold futures held their ground Wednesday at an over-three-week high as the U.S. dollar fell from a 14-year high after the release of the Federal Reserve’s December meeting minutes. Markets and Commodities’ reporters Myra Saefong and Mark Decambre with MarketWatch said, “Minutes from the central bank’s policy-setting meeting showed that... Read More
Daily Gold & Silver Market Report – 01/04/2017
LITTLE CHANGE IN SILVER AFTER HOLIDAYS The first trading session of 2017 saw investors preparing for Federal Open Market Committee minutes and nonfarm payrolls, holding Silver prices steady. Silver gained in four of the last five sessions of 2016, though it lost 17 percent in Q4. As the U.S. dollar fell to two-week lows last week against a basket of other major currencies, Precious Metals moved higher. Sam Bourgi with Read More
Daily Gold & Silver Market Report – 01/03/2017
GOLD SLIPS WITH A STRONG DOLLAR As the U.S. dollar's positive start to the new year kept pressure on Precious Metals prices, Gold fell Tuesday morning after posting its biggest quarterly loss in more than three years. Jan Harvey with Reuters said, “The themes of late 2016 appeared to be persisting in the wid... Read More
Daily Gold & Silver Market Report – 12/30/2016
GOLD PRICES SURGE TO FRESH TWO-WEEK HIGHS Gold prices increased yesterday causing them to reach their highest level in two weeks as bullions recovery from 11-month lows continued. Sam Bourgi with EconomicCalendar.com reports February Gold futures rose 1.6 percent,... Read More
Daily Gold & Silver Market Report – 12/29/2016
GOLD TRIES FOR FOURTH WINNING DAY IN A ROW Trading at two-week highs, countering a 2 percent December decline, Gold futures are looking for a fourth-straight advance Thursday as the dollar index pulled back from 14-year highs and stocks pointed lower. Rachel Koning Beals with MarketWatch reported, “Gold fu... 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.
