Precious Metals Market Reports
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
Daily Gold & Silver Market Report – 12/28/2016
THE PEAK OF GOLD PRODUCTION Will hitting the peak of Gold production this year have any impact on the price of Gold itself? Lawrence Williams, a well-known, London-based writer and commentator on financial and political subjects with Sharps Pixley, says “It may improve sentiment towards in... Read More
Daily Gold & Silver Market Report – 12/27/2016
STOCKS INCREASE DURING HOLIDAY LULL As trading in major financial markets resumed Tuesday following Christmas break, share prices increased along with oil and the U.S. dollar. Patrick Graham with Reuters said, “Concerns about Italian banks, Chinese growth and U.S. President-elect Donald Trump's protectionist bent look set to keep investors on edge into the start of 2017.” Data released Tuesday showed ... Read More
Daily Gold & Silver Market Report – 12/23/2016
DOLLAR HOVERS BELOW 14-YEAR HIGH As a modest bout of buying emerged following an early round of profit-taking, the dollar hovered below a 14-year high reached earlier this week. Richard Leong with Reuters said, “Traders brushed off mostly upbeat U.S. economic data as they refrained from adding bullish dollar bets ahead of Christmas. Ed Al-Hussainy, senior interest rate and currency analyst at Columbia Thread... Read More
Daily Gold & Silver Market Report – 12/22/2016
IS IT TIME TO BUY SILVER? The Silver rally that occurred between January and October came to an abrupt halt after Donald Trump won the U.S. presidential election. ETF Daily News says, “Trump’s proposed fiscal stimulus measures will boost growth, leading to higher interest rates and a stronger dollar. In fact, [the Federal Reserve] raised the ... Read More
Daily Gold & Silver Market Report – 12/21/2016
SILVER PRICES AT RISK OF SLIPPING Silver prices, along with other Precious Metals, dropped last week following the Federal Reserve’s rate hike announcement. Market Analyst Paul Robinson with DailyFX says, “…we aren’t seeing much of a response by buyers to defend this ar... Read More
Daily Gold & Silver Market Report – 12/20/2016
SILVER PRICES REBOUND IN 2017 Money Morning’s Resource Specialist Pete Krauth says that anyone who owned the grey metal, or any Precious Metals, last week probably felt a punch in the gut. However, he feels the light at the end of the Silver price correction tunnel may be brighter. Nearly everyone expected an interest ra... Read More
Daily Gold & Silver Market Report – 12/19/2016
GOLD IMPORTS SHRINK TO 30.5 PERCENT As we know, India is one of the world’s largest Gold importers and mainly take care of demand from the jewelry industry. However, from April to November 2016, Gold imports witnessed a 30.5 percent drop to $15.74 billion, partly due to high prices and regulatory changes. As Finan... Read More
Daily Gold & Silver Market Report – 12/16/2016
GOLD ON TRACK FOR SIXTH-STRAIGHT WEEKLY LOSS After a tough few days following news of Federal Reserve rate hikes, the yellow metal is showing improvement Friday morning but still on track for its sixth-straight weekly loss. On Thursday, Gold prices hit their lowest since February due to investors piling funds into the U.S. dollar, stocks and even oil. Rachel Koning Beals with Read More
Daily Gold & Silver Market Report – 12/15/2016
THE FED HAS MADE ITS MOVE Paul Davidson with USA Today reported, “The Federal Reserve raised its key interest rate Wednesday for the first time in 2016 by a quarter percentage point, and projected slightly faster increases the next few years amid the prospect of a massive government stimulus.” After a two-day meeting, Fed policymakers unanimously agreed to raise the benchm... Read More
Daily Gold & Silver Market Report – 12/14/2016
A BLIND SPOT FOR MILLENNIALS The kids of baby boomers and generation X, known as the millennial generation, seem to understand the importance of saving but have a “blind spot when it comes to investing,” according to Forbes contributor Richard Eisenberg, who stresses the importance of providing your children with the knowledge of Read More
Daily Gold & Silver Market Report – 12/13/2016
IS SILVER A LEADER OR FOLLOWER? Silver is continuing to trade above its bear trend, while Gold is trading below its own bear trend. ETF Daily News wonders which is the leading indicator, as the answer determines whether Precious Metals are in a long-term bull or long-term bear market. In hopes of finding a pattern, they are looking at... Read More
Daily Gold & Silver Market Report – 12/12/2016
HOLIDAY SALES’ NUMBERS U.S. Proof and Mint set sales are increasing, following traditional Christmas purchases. Dave Harper with Numismatic News wrote the “2016 Silver proof set was up by 12,014 to 333,356. The uncirculated coin set was up by 10,197 to 248,455.” Also, with the U.S. Mint’s household limits remov... Read More
Daily Gold & Silver Market Report – 12/09/2016
INVESTORS ARE NOT JOINING THE RALLY The stock market’s relentless surge is still causing a fair amount of discomfort in the investor world. Instinet’s Frank Cappelleri says, “there is getting to be a shortage of superlatives for this market,” and it shouldn’t be acting the way it is just yet. Trying to console the bears, Cappelleri says, “It won’t last into perpetuity, but this is the kind of behavior that happens in uptrends.” Victor Reklaitis with Read More
Daily Gold & Silver Market Report – 12/08/2016
GOLD TO TRADE IN HIGHS BY MID-2017 An article from ScrapRegister says “Bank of America Merrill Lynch expects Gold to trade around $1,200 an ounce by mid-2017, implying limited upside near-term.” This forecast is not far off current prices as February Gold settled Wednesday at $1,177.50 an ounce. At the BofAML 2017... Read More
Daily Gold & Silver Market Report – 12/07/2016
PRECIOUS METALS PRICE TRENDING Most of the change in prices for Precious Metals has stemmed from inflation expectations. For instance, if oil prices start to decline, inflation may follow, which could result in a lower chance of an interest rate hike. It’s obvious that higher interest rates affect Gold prices, meaning decreased chances for a rate hike could help buoy Gold and the other three Precious Metals. However, Meera Shaw... Read More
Daily Gold & Silver Market Report – 12/06/2016
IS DOW STRUGGLING TO STAY ON TOP? With the Dow Jones industrial average fighting to stay afloat just one day after closing at an all-time high, U.S. stock futures are struggling for direction Tuesday. Investors are now putting their attention toward the upcoming factory orders, productivity data and the slump in oil prices. Sara Sjolin with Read More
Daily Gold & Silver Market Report – 12/05/2016
GOLD IS DOWN DUE TO ITALY’S REFERENDUM As European equities strengthened Monday following investors shrugging off worries of Italian political instability, Gold fell more than 1 percent. Clara Denina with Reuters said, “Spot Gold fell by as much as 1.2 percent to a session low of $1,162.35 an ounce, within sight of a 10-month low of $1,160.... Read More
Daily Gold & Silver Market Report – 12/02/2016
SILVER PRICES LOWER DUE TO HIGHER BOND YIELDS Tim Clayton from EconomicCalendar.com says higher oil prices have supported Silver, with prices consolidating around $16.70 per ounce Wednesday. With WTI advancing by nearly 8 percent as OPEC agreed to cut production levels, oil prices improved in Europe. Gains in industrial commodities supported Silver prices, but those gains ... Read More
Daily Gold & Silver Market Report – 12/01/2016
STEALING FROM SANTA? CFRA Research strategist Sam Stovall says President-elect Donald Trump might be “stealing from Santa”! In other words, typically December is a good month for stocks; however, the market’s Christmas came early with the November Trump rally. Stock Trader’s Almanac editor Jeff Hirsch thinks the most likely reason for typical decl... Read More
Daily Gold & Silver Market Report – 11/30/2016
UNCERTAINTY FOR GOLD Many have been disappointed in the yellow metal with the hopes that higher inflation and uncertainty would boost the price of Gold. With that being said, “the Gold bulls were somewhat correct in the sense that uncertainty is in fact good,” as Chris Dillow from Investors Chronic... Read More
Daily Gold & Silver Market Report – 11/29/2016
SILVER FINALLY ON THE RISE As the Precious Metals market attempted to recover following a three-week skid, Silver prices finally started to rise for yesterday’s Cyber Monday. With a complete 180 from last week’s decline, the grey metal rose nearly 2.4% during the overnight period. It’s no secret that the US currency has been on the uptrend since the somewhat shocking election of Trump on the 8th of November. Sam ... Read More
Daily Gold & Silver Market Report – 11/28/2016
DOLLAR STARTS TO REDUCE AS GOLD PRICES INCREASE With the U.S. dollar showing a slow pullback, the Precious Metals market starts to strengthen after experiencing its lowest in February of this year. The dollar index has recently been on a run that’s boosted the gauge to its highest level since April 2003, which has hurt Gold prices. The movement has stemmed largely from expectations that the Federal Reserve will raise rates at its ... Read More
Daily Gold & Silver Market Report – 11/23/2016
DOLLAR SOARS TO RECORD HIGHS The dollar surged to a more than 13-year peak on Wednesday, bolstered by upbeat U.S. economic data that showed the economy on track for steady growth and reinforced expectations of interest rate increases by the Fed Reserve next month and in 2017” said Reuters reporter Gertrude Chavez-Dreyfuss. After a decline in September, the U.S. durable goods orders rebounded 0.4 percent... Read More
Daily Gold & Silver Market Report – 11/22/2016
NEVER A DULL DAY WITH SILVER It has been a busy year for the Silver market, it rallied from $13.60 in December 2015 all the way up to highs of $21.25 in the wake of the Brexit shocker in late June and early July. Following the surprising results from the recent U.S. election in early November, Silver is recovering back to the $19 per ounce level with time. However, as the dollar also rallied and bond prices lowered, Precious ... Read More
Daily Gold & Silver Market Report – 11/21/2016
OIL PRICES STENGTHEN AS THE DOLLAR WEAKENS Nigel Stephenson says that “Oil prices rose to three-week highs on Monday, supported by a weak dollar and helping to nudge a gauge of inflation expectations in the euro zone to its highest since January.” In addition to oil, gas and other commodity-related shares increased which then increased European stock markets. The oil's rise comes as markets have been bracing for higher inflation if U.S. President-elect Donald Trump implements some ... Read More
Daily Gold & Silver Market Report – 11/18/2016
THE MOST TRADED PRECIOUS METAL Wall Street Survivor says that Silver has maintained a positive market demand as an investment, currency, and store of value for thousands of years. In addition to that, his Precious Metal also features in the stocks exchange as a traded product. So why should you add Silver to your collection? For starters the supply and demand categories for Silver contribute to its unique characteristics, and the metal also has been in existence for thousands of ye... Read More
Daily Gold & Silver Market Report – 11/17/2016
THE UNCERTAINTY OF PRECIOUS METALS It’s evident that a lot is going to be changing in the U.S. but the big question is what is going to change for the Precious Metals industry? Peter Coy from the Bloomberg Business Week says that one of the biggest obstacles for the new President isn’t politics but instead, money. With all of the recent promises made by President-Elect Trump such as tax cuts, producing better trade deals, building walls, repealing/replacing Obamacare, opening more ... Read More
Daily Gold & Silver Market Report – 11/15/2016
THE MARKET MOVES SPORADICALLY WITH THE RECENT PRESIDENTIAL ELECTION With the recent Presidential Election outcome, most are seeing and feeling the movement of the Precious Metals market. Although Trump won’t take office for another few months, the market wasted no time. Naeem Aslam, Chief Market Analyst at ThinkMarkets said, “Gold had a really bad week” with the price of Gold dropping as much as 1% to t... Read More
Daily Gold & Silver Market Report – 10/27/2016
GOLD INCHES HIGHER, MARKET SEEKS INTEREST RATE DIRECTION; U.S. SPENDING TEPID, LABOR MARKET FIRMING Investors continue to expect an interest rate increase from the Federal Reserve but the timing remains the biggest question. Gold is viewed as a safe haven during times of economic turmoil and political uncertainty but is also sensitive to rate hikes, which boost the U.S. dollar in which it is priced. " Read More
Daily Gold & Silver Market Report – 10/20/2016
GOLD EASES AFTER 3 DAY RISE FOLLOWING COMMENTS FROM ECB AND HOME SALES The European Central Bank left interest rates unchanged Thursday helping boost the euro. The ECB continues to provide stimulus in an effort to prop up its economy with keeping interest rates at all-time lows. Extreme low rates tend to help support the precious metal even with a weaker currency. Spot Gold was down 0.2 percent at $1,266.40 per ounce as the dollar index rose against a basket of cur... Read More
Daily Gold & Silver Market Report – 10/19/2016
GOLD RISES ON WEAK U.S. DOLLAR; WHEN WILL THE FED RAISE RATES? The U.S. dollar fell further against other major currencies due to weak economic data, boosting Gold Wednesday. With U.S. economic data “not nearly as robust as was hoped, there are now expectations of, at least, a mild recession in the U.S. next year. The U.S. cannot afford even a mild one. Certainly, the [Federal Reserve] cannot afford a[n interest] rate hike just ahead of one,” Julian Phillip... Read More
Daily Gold & Silver Market Report – 10/17/2016
GOLD, SILVER GAIN AS THE DOLLAR STRUGGLES Gold and Silver prices are up slightly Monday as investors return from the weekend. Although Gold has been on a downturn recently, a decline in the dollar along with increased demand for metals and ETFs has provided support. Even with the recent decline, some analysts still expect Gold to continue rising by year’s end. Commerz... Read More
Daily Gold & Silver Market Report – 10/14/2016
CONSUMER DATA SPEECH LOWERS GOLD SLIGHTLY Spot Gold is down slightly Friday while the dollar is up ahead of U.S. consumer data Friday morning and an afternoon speech from Federal Reserve Chair Janet Yellen. The Fed’s slow interest rate hikes have dampened the market. The next Fed meeting is in November, but there is only a 60 percent chan... Read More
Daily Gold & Silver Market Report – 10/3/2016
METALS LOOK FOR DIRECTION AHEAD OF JOBS REPORT Precious Metal prices declined during early Monday trading hours on manufacturing that boosted the U.S. dollar. However, with jobs data set to be released later this week, many investors will wait to begin speculating about a potential December interest rate hike. Societe Generale analyst Robin Bhar said, “Prices are slowly drifting lower ...... Read More
Daily Gold & Silver Market Report – 9/30/2016
GOLD, DOLLAR UP SLIGHTLY AS STOCKS SLIDE Spot Gold is up Friday due to concerns about Deutsche Bank, as a report that several hedge funds withdrew excess funds from Germany’s biggest lender triggered a sharp equities selloff. The yellow metal would be slightly higher, but a positive dollar limited its gains. Gold has gained one percent so far in September, due partly to the weaker dolla... Read More
Daily Gold & Silver Market Report – 9/26/2016
METALS LOOK FOR DIRECTION AHEAD OF PRESIDENTIAL DEBATE After ending last week at a two-week high, Gold is continuing to gain with other Precious Metals searching for direction. Gold is benefiting from a slumping dollar and a bump in oil prices. Sluggishness in the global economy and the U.S. Federal Reserve deciding to keep rates the same for the time being has boosted Gold’s safe-haven appeal. Commerzbank analyst Eugen Weinberg said, “The dollar is a bit weaker ... Read More
Daily Gold & Silver Market Report – 9/23/2016
GOLD MOVES TOWARD TWO-WEEK HIGH; FED STEADY ON NO RATE INCREASE Gold edged toward a two-week high Friday and remained headed for its biggest gain in nearly two months. The Federal Reserve is still leaning toward a slow and careful approach to raising interest rates, though investors expect a hike in December. The yellow metal is sensitive to any interest rate change. Spot Gold w... Read More
Daily Gold & Silver Market Report – 9/22/2016
GOLD DOWN AS DECEMBER U.S. RATE HIKE MORE LIKELY; NASDAQ HITS RECORD HIGH AS RATES UNCHANGED The U.S. Federal Reserve remained steadfast and left interest rates unchanged for September but signaled a hike is likely by the end of the year. Spot Gold fell 0.2 percent while Gold futures rose 0.5 percent on the news. Upcoming data, such as the GDP, non-farm payrolls and inflation, will be scrutinized for clues to U.S. economic health and which direction interest rates ... Read More
Daily Gold & Silver Market Report – 9/16/2016
GOLD DOWN, SET FOR SLIGHT WEEKLY DECLINE Spot Gold was down Friday after U.S. data further dropped expectations of a September interest rate increase from the Federal Reserve. The dollar is trading higher, pushing the yellow metal toward its first loss in three weeks. "Gold didn't get much of a bounce yester... Read More
Daily Gold & Silver Market Report – 9/15/2016
GOLD SLIPS ON STEADIER DOLLAR AHEAD OF FED MEETING; U.S. RETAIL SALES DIM FED SEPTEMBER RATE HIKE PROSPECTS The U.S. Federal Reserve’s next policy meeting is set for September 20-21 and investors await clues to the policymakers’ next move. The dollar edged upward Thursday as demand for Gold slipped slightly. Speculation for a September rate hike remains low but the possibility of a hike before year’s end is still on the table. As Gold is high... Read More
Daily Gold & Silver Market Report – 9/12/2016
MARKETS QUIET AHEAD OF SURPRISE FED SPEAKER Precious Metal prices are on the decline during Monday morning trading hours as investors await a much-anticipated Federal Reserve speaker, Lael Brainard’s comments at the Chicago Council on Global Affairs. Many are anticipating Brainard’s comments to hint at a potential interest rate hike later this month Read More
Daily Gold & Silver Market Report – 9/9/2016
GOLD SLIPS SLIGHTLY, STILL SET FOR SECOND WEEKLY GAIN Gold is down for a third-straight day Friday but is set to see a second weekly gain as expectations for a Federal Reserve interest rate increase fade again. The dollar gained some ground over the uncertainty and the yellow metal is sensitive to the rising rates. Spot Gold was down 0.25 percent to $1,334.60 per ounce at 1152 GMT... Read More
Daily Gold & Silver Market Report – 9/1/2016
GOLD DROPS AHEAD OF U.S. JOBS DATA; IMF LIKELY TO CUT GROWTH OUTLOOK A positive non-farm payrolls report Friday may be what the Federal Reserve needs to stay on track with raising interest rates. The labor market remains strong with fewer-than-expected unemployment claims last week. Spot Gold reached a two-month low as investors await the upcoming economic data. "Generally speaking the U.S. economy seems to have improved over the past few weeks and the interes... Read More
Daily Gold & Silver Market Report – 8/29/2016
DOLLAR GAINS ON INTEREST RATE SPECULATION Precious Metal prices continue their recent trend of volatility as investors return from the weekend. Comments by Federal Reserve President Janet Yellen this past Friday signaled investors to speculate a sooner-than-later interest rate increase this year. This news boosted the dollar and pressured metals. Pradeep Unni, head o... Read More
Daily Gold & Silver Market Report – 8/26/2016
GOLD UP AHEAD OF FED SPEECH; LACK OF RATE INCREASE COULD BE HURTING ECONOMY Spot Gold is up Friday ahead of Federal Reserve Chair Janet Yellen’s speech. Investors are waiting to see if interest rates increase and today’s speech could be a good indicator. Gold has fallen steadily since the last U.S. job report came out. If there is no decisive news Friday, Gold could remain caught in its... Read More
Daily Gold & Silver Market Report – 8/25/2016
GOLD SLIPS TO 4-WEEK LOW AWAITING FED POLICY; U.S. JOBLESS CLAIMS FALL Central bankers are gathered for the annual Economic Policy Symposium in Jackson Hole, WY this week as investors await Federal Reserve Chair Janet Yellen’s speech Friday, hoping for clues to when the Fed will increase interest rates. Positive U.S. data along with expectations of a rate hike has Gold slipping to a four-week low. "Initial jobless claims were a good sign," Natixis analyst... Read More
Daily Gold & Silver Market Report – 8/24/2016
UPCOMING FED MEETING ALREADY MOVING MARKETS The market is already anticipating Federal Reserve Chair Janet Yellen speaking Friday, August 26 at the Federal Reserve of Kansas City's annual Economic Policy Symposium, held in Jackson Hole, Wyo. Analysts believe Yellen will refrain from commenting on the timing of increased interest rates and instead focus on risk management and global financial conditions. "The market is hoping that she's going to gi... Read More
Daily Gold & Silver Market Report – 8/19/2016
DOLLAR SET FOR WEEKLY LOSS; GOLD DOWN FROM TWO-WEEK HIGH The dollar edged up 0.2 percent Friday, though the lack of evidence whether the Federal Reserve will increase interest rates this year gave the dollar a more than 1 percent loss against other currencies for the week. The most recent Fed minutes show the committee split on the decision of the increase. "The dollar has j... Read More
Daily Gold & Silver Market Report – 8/17/2016
FED MINUTES RELEASED TODAY; U.S. ECONOMIC RECESSION FORECAST Precious Metal prices fell short Wednesday ahead of the minutes from July’s Federal Reserve policy meeting, which are expected to provide indication into when they plan to increase interest rates. “It is a game of wait-and-see as far the dollar is concerned, and by extension buck-d... Read More
Daily Gold & Silver Market Report – 8/15/2016
PRECIOUS METALS LOOKING FOR DIRECTION AHEAD OF FED MINUTES Precious Metal prices haven’t gained much ground during Monday morning trading hours as investors return from the weekend. After seeing a recent surge, prices have been looking for direction as Gold has held around the closely watched resistance point of $1,350. The most recent FOMC minut... Read More
Daily Gold & Silver Market Report – 8/12/2016
GOLD DOWN AWAITING U.S. DATA Gold is down slightly Friday morning ahead of the U.S. retail report. This report will liken the speculation that the Federal Reserve will raise interest rates this December after the election. Spot Gold was up 0.1 percent at $1,339.90 an ounce by 1205 GMT, while U.S. Gold slipped 0.4 percent to $1,345.10 an ounce. Holdings of SPDR Gold Trust, the world's largest Gold-backed exchange-traded fund, fell 0.03 percent to 972.32 tonnes on Thur... Read More
Daily Gold & Silver Market Report – 8/11/2016
GOLD CLIMBS BACK ABOVE $1,350 AS DOLLAR HIKE SLOWS ; U.S. LABOR MARKET STRENGTHENING WHILE INFLATION REMAINS STAGNANT Concerns over U.S. monetary policies continue and have the dollar giving up some gains against other currencies. Gold climbed back above the $1,350 per ounce Thursday morning. A key factor in Gold prices continues to be when, and if, the Federal Reserve will implement another interest rate increase this year. " Read More
Daily Gold & Silver Market Report – 8/10/2016
WEAK DOLLAR SUPPORTS PRECIOUS METALS; STOCK MARKET CRASH FORECAST Gold and Silver both soared Wednesday as the U.S. dollar fell compared to other major currencies. The boost was much needed after Friday’s better-than-expected jobs report that lifted the dollar and pressured Precious Metals. UBS strategist Joni Teves shared her thoughts on what could challenge the yellow metal, noting a “stronger dollar and positive risk sentiment on back of upbeat U.S. data.” Te... Read More
Daily Gold & Silver Market Report – 8/4/2016
GOLD UP AFTER BANK OF ENGLAND CUTS RATES; U.S. JOBLESS CLAIMS RISE AS LAYOFFS INCREASE In an effort to ease the effect of Britain’s vote to leave the European Union, the Bank of England cut interest rates for the first time since 2009 and said it will buy an additional 60 billion pounds of debt. "The revision in expectations for monetary policy in the U.S., Japan, the eurozone and the UK has played a big role in the rise in the Gold price so far this year, and... Read More
Daily Gold & Silver Market Report – 8/1/2016
METALS ON THE MOVE AS GDP DISAPPOINTS Precious Metals continue their recent run, gaining momentum during Monday afternoon trading hours. After seeing a small pullback Monday morning, Gold is on the rise as Silver hits a three-week high. Economic reports show U.S. GDP only grew 1.2 percent in the second quarter, far less than the 2.6 percent growth economists expected. T... Read More
Daily Gold & Silver Market Report – 7/29/2016
GOLD ON TRACK FOR MONTHLY GAIN Spot Gold steadied Friday morning as the bank of Japan expanded its monetary stimulus. Even through a modest increase in purchases of exchange-traded funds, yielding to pressure from the government and financial markets for bolder action to spur growth and accelerate inflation towards its 2 percent target,coupled with the dollar retreating, has boosted Gold. Spot Gold was down 0.1 percent at $1,334.70 an ounce at 12:07 GMT, on track for it... Read More
Daily Gold & Silver Market Report – 7/28/2016
GOLD FIRMS AFTER NO RATE RISE SIGNAL; U.S. LABOR MARKET STILL STRONG The Federal Reserve left rates unchanged following their meeting Wednesday, though they insist an interest rate increase will happen this year. Gold rallied to a two-year high following Brexit and could see another bump if interest rates are increased. "The Gold price reacted quite positively to the news that there was no rate hike, and that a September rate hike is not certain," Capital... Read More
Daily Gold & Silver Market Report – 7/27/2016
PRECIOUS METALS CLIMB AHEAD OF FED STATEMENT Gold and Silver are slightly up Wednesday ahead of the Federal Reserve statement, which will be released at 2 p.m. (ET). Traders predict the Fed will only increase interest rates once this year, likely in December after the presidential election. Gold has soared 24 percent... Read More
Daily Gold & Silver Market Report – 7/25/2016
METALS LOOK FOR DIRECTION AHEAD OF PIVOTAL BANK POLICY MEETINGS After a rough start to Monday, Precious Metal prices are regaining footing and increasing during mid-day trading hours. As investors await this week’s news from major central bank meetings around the world, the dollar gained a slight boost, pres... Read More
Daily Gold & Silver Market Report – 7/22/2016
GOLD CLIMB SLOWED BY STRONGER DOLLAR Spot Gold is down 0.5 percent Friday to $1,324.66 per ounce at 1011 GMT, set for a decline around 1 percent for the week. Tensions surrounding a potential U.S. interest rate increase and loose monetary policy from European and Japanese central banks caused Gold to hit a two-year high earlier this month. The stronger dollar and the labor reports caused expec... Read More
Daily Gold & Silver Market Report – 7/21/2016
GOLD HOLDS ABOVE 3-WEEK LOW AS ECB LEAVES RATES UNCHANGED; WALL STREET FLAT AS INVESTORS DIGEST EARNINGS REPORTS Gold held steady above its recent low as Thursday the European Central Bank (ECB) left interest rates at record lows in hopes of helping its economy. ECB President Mario Draghi said the bank will take more actions to help economic growth if necessary. Analysts are expecting more quantitative easing by the central bank and all eyes will be on the Septembe... Read More
Daily Gold & Silver Market Report – 7/20/2016
FED IS FORECAST TO HIKE RATES BY YEAR’S END; U.S. GROWTH PREDICTED Gold and Silver are pressured by a stronger U.S. dollar Wednesday due to anticipation of the Federal Reserve possibly increasing interest rates by year’s end. The Fed has four scheduled policy meetings left in 2016 and have stated their plans to hike rates at least two times this year. They originally planned to raise rates four times in 2016, but due to poor economic conditions, they changed this... Read More
Daily Gold & Silver Market Report – 7/18/2016
METALS SEARCH FOR DIRECTION AFTER FAILED TURKEY COUP After a small decline Friday, Precious Metals are searching for direction during Monday morning trading hours. After a failed military coup in Turkey, Gold saw a small boost due to increased uncertainty and geopolitical tensions. However, as things abroad settled, global markets saw a boost while denting the metal’s safe-haven ... Read More
Daily Gold & Silver Market Report – 7/15/2016
GOLD DOWN AS DOLLAR RISES; TERROR ATTACK COUNTERS POSITIVE DATA Spot Gold is down Friday for its first weekly loss since May. The U.S. dollar has steadied, but global uncertainty caused the metal to decline slightly, easing 0.2 percent to $1,333.10 an ounce. Strong U.S. jobs data and the Brexit vote have pressured the metal following a six-week gain. "Investors are taking profits, but Read More
Daily Gold & Silver Market Report – 7/11/2016
METALS CONTINUE TO GAIN AS S&P HITS RECORD HIGH Precious Metals prices continue their recent rise during Monday afternoon trading hours. After seeing a small pullback at the end of last week, Gold is rebounding with Silver continuing to climb. Economic slowdowns around the world, the Brexit vote and a lack of direction from the Federal Reserve have... Read More
Daily Gold & Silver Market Report – 7/8/2016
GOLD DOWN SLIGHTLY AFTER JOBS REPORT, DOLLAR GAIN Spot Gold is down slightly Friday after the U.S. non-farm payroll report came out stronger than expected for June. The U.S. dollar is at a two-week high against the euro, however Gold has managed to recover slightly in the wake of the Brexit vote. These conditions are contributing to renewed talk of an interest rate increase by the Federal Reserve this year. "The knee-jerk reaction to the stronger than expected payr... Read More
Daily Gold & Silver Market Report – 7/7/2016
GOLD SLIPS ON STRONG DOLLAR BUT BREXIT PERSISTS; WALL STREET HIGHER ON STRONG JOBS REPORTS Brexit concerns led Gold to its peak since March 2014 on Wednesday but U.S. jobs data released Thursday strengthened the dollar and pressured Gold prices. Britain’s vote to leave the European Union sent shockwaves through the financial markets and has investors looking for the safe-haven appeal of both Gold and Silver. Mitsubishi analyst Jonathan Butler said, "I think Read More
Daily Gold & Silver Market Report – 7/1/2016
GOLD,SILVER, PLATINUM HIT HIGHS Spot Gold is up one percent Friday for its fifth-straight weekly gain. The yellow metal’s 8.8 percent rise in June is its biggest rise since February of this year. Silver benefited from Gold’s strength, breaching $19 for the first time since September 2014. It rose as much as 3.8 percent to $19.40 and was on track for its best week since August 2013, having gained more than 8 percent so far. Other Precious Metals such as Platinum also hit their... Read More
Daily Gold & Silver Market Report – 6/30/2016
GOLD SET FOR BEST MONTH SINCE FEBRUARY AFTER BREXIT SHOCK; WALL STREET RALLIES AFTER BANK OF ENGLAND GOVERNOR HINTS AT STIMULUS Last week’s Brexit vote left the markets in shock and had investors scrambling to Gold as a safe haven. The Precious Metal climbed to its highest level in the last two years, reaching $1,358.20 per ounce. The rattled markets are beginning to settle and Gold has steadied toward the end of the week. Gold is on track for another quarterly gai... Read More
Daily Gold & Silver Market Report – 6/29/2016
SILVER SOARS 3 PERCENT; U.S. STOCK MARKET APPEARS GLOOMY Precious Metals climbed Wednesday, with Gold nearing a two-year high and Silver jumping almost 3 percent for the day. The big move was due to a weaker U.S. dollar on uncertainty surrounding how the Federal Reserve will proceed with hiking interest rates in the near future. “[As] soon the Read More
Daily Gold & Silver Market Report – 6/27/2016
METALS CONTINUE RISE AS MARKETS DIGEST BREXIT Precious Metal prices continue to rise as investors around the world digest the United Kingdom’s decision to leave the European Union, commonly known as Brexit. Gold prices are hovering around two-year highs as investors rapidly sell equities and turn to safe-haven assets. Historically, during times of uncertainty, Gold has h... Read More
Daily Gold & Silver Market Report – 6/24/2016
GOLD JUMPS, WORLD STOCKS DECLINE ON SUCCESSFUL BREXIT VOTE Spot Gold is up near 8 percent Friday, reaching its highest point in more than two years and peaking at $1,358.20 per ounce following British citizens voting to leave the European Union. Euro-priced Gold rose as much as 13 percent. World stocks are headed for a slump due to the uncertainty in the market. "This isn't necessarily about Britain, Read More
Daily Gold & Silver Market Report – 6/23/2016
GOLD HITS TWO-WEEK LOW AS BRITAIN VOTES ON EU MEMEBERSHIP; U.S. JOBLESS CLAIMS NEAR 43-YEAR LOW Investors are watching and waiting Thursday as Britain votes on its membership in the European Union. Gold fell to a two-week low as the “stay” camp seemed to take a slight edge in opinion polls. Gold is viewed as a safe haven and previously nearly a two-year high on June 16 amidst the global economic uncertainty. "The fear we had mid last week about Britain ... Read More
Daily Gold & Silver Market Report – 6/22/2016
EITHER OUTCOME FOR BREXIT IS FORECAST TO SUPPORT GOLD Investors are eyeing Thursday’s vote for whether the U.K. will leave the European Union, better known as Brexit. The outcome from such a dynamic move could be detrimental to the financial market, therefore investors are intrigued to what might occur. ... Read More
Daily Gold & Silver Market Report – 6/17/2016
BREXIT SPECULATION STILL BOOSTING METALS Spot Gold is up Friday on a softer dollar, heading for its third-straight week of gains as the Federal Reserve is still uncertain of an interest rate increase. Gold saw its highest point since August 2014, hitting $1,315.55 Thursday, before sliding one percent after a lawmaker was killed and the British referendum was suspended for now. "Gold is reverting to its safe-haven role, in a situation where eurozone government bonds are in nega... Read More
Daily Gold & Silver Market Report – 6/16/2016
GOLD HITS TWO-YEAR HIGH FOLLOWING FED ANNOUNCEMENT; BREXIT COULD HURT U.S. BANK EARNINGS The Federal Reserve remained cautious on the economy at their latest policy meeting, giving a less dovish tone. The possibility of Great Britain leaving the European Union has investors turning toward Gold as a safe haven. "We sold off in the first place because of the rocketing dollar, impending rate hikes and people flooding into equities as they took a risk-on approach... Read More
Daily Gold & Silver Market Report – 6/13/2016
METALS CONTINUE CLIMB AS MARKETS AROUND THE WORLD LOSE GROUND As investors return from the weekend, Precious Metals prices are gaining, with Gold reaching its highest point since mid-May. The dollar continues to lose ground as speculation that a summer interest rate hike by the Federal Reserve is off the table and fears mount over Britain’s upcoming vote to exit the European Union... Read More
Daily Gold & Silver Market Report – 6/10/2016
GOLD SET FOR SECOND WEEKLY RISE Gold spot is slightly lower Friday, but is still near a three-week high. The yellow metal was down 0.1 percent at $1,267.25 an ounce by 1151 GMT, still near its highest point since May 18. The dollar recovered slightly because investors are less worried about an interest rate hike next month. Following last Friday’s weak jobs report, Precious... Read More
Daily Gold & Silver Market Report – 6/9/2016
GOLD EASES AS DOLLAR CLAWS BACK; U.S.ECONOMIC OUTLOOK BRIGHTENS ON UPBEAT JOBS DATA Investor concern over global markets helped the dollar’s recovery and has Gold backing off a three-week high. The Precious Metal rose 1.5 percent Wednesday after lower-than-expected payrolls numbers and dovish comments from Federal Reserve Chair Janet Yellen pushed out expectations of an interest rate increase. "Gold is a bit lower as the dollar is doing (better), especia... Read More
Daily Gold & Silver Market Report – 6/8/2016
SILVER FORECAST TO REACH $20 BY END OF YEAR; U.S. DOLLAR DECLINES Precious Metals prices soared Wednesday as the market foresees the Federal Reserve not increasing interest rates in June or July, due to recent economic data. The expectation of the Fed skipping a few months of hiking rates along with the weakening U... Read More
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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.
