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Daily Gold & Silver Market Report – 3/18/2015


Precious Metal prices are relatively flat in early morning trading as investors prepare for the U.S. Federal Reserve’s highly anticipated statement Wednesday. With Gold hovering around four month lows, many analysts speculate the removal of the word “patient” from the Fed’s policy statement will hint toward a rate hike in June.  However, not everyone is sold on the dollar’s strength. Abu Dhabi’s ADS Securities chief market strategist Nour Al-Hammoury said, “On the other hand, if the Fed decides to put off a decision and stays ‘patient’ or changes its guidance to ‘responsive,’ this would be a green light for equities to soar across the board along with Gold and the major currencies, as the U.S. dollar rally pauses.”

As central banks around the world continue attempting economic stimulation by easing monetary policies, and with oil continuing to struggle, U.S. stocks are falling ahead of the Fed’s afternoon statement. Wells Capital Management chief investment officer Jim Paulsen said, “I think the (stock) market is going to have trouble with interest rates the rest of the year. … Oil might be pressuring things a little bit.  There's a lot in there for the market to be very volatile today.”

At 11:46 am. (ET), the APMEX Precious Metals spot prices were:

  • Gold, $1,152.90 Up $1.30
  • Silver, $15.63 Down $0.05
  • Platinum, $1,092.10 Down $4.60
  • Palladium, $763.50 Down $0.60

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Daily Gold & Silver Market Report – 3/17/2015

Gold Hits Another Low Awaiting Fed Meeting

Gold opened on a four-month low Tuesday as investors nervously await the U.S. Federal Reserve policy meeting that could support a mid-year rise in interest rates. The Gold price fell to $1,142.86 an ounce, its lowest since November 7. Fed policymakers start the two-day meeting Tuesday afternoon and rate increases are expected to be the topic. The likely increase will put the Fed a step closer to the first rate increase since 2006. “We do you [sic] expect Gold to fall further if the Fed removes the word ‘patient’ from their statement and the trading action could be very volatile for investors,” AvaTrade chief market analyst Naeem Aslam said. “The low for Gold could be (around) $1,058 [per ounce].”

Brent crude oil prices pared losses in turbulent trading Tuesday. The good news is that it remained at its lowest levels since early February as traders focus on supply woes. The rise of U.S. crude oil stocks, an increase in Libyan oil production and the chance of an agreement with the West that could ease sanctions on Iran all pulled prices lower. “OPEC [Organization of the Petroleum Exporting Countries] members are still staunchly producing … and demand from Europe and China are really struggling to pick up,” Financial senior research analyst Kash Kamal said. “The overall tone is quite bearish.”


At 2:29 p.m. (ET), the APMEX Precious Metals spot prices were:

  • Gold, $1,150.40 Down $6.20
  • Silver, $15.64 Down $0.07
  • Platinum, $1,097.70 Down $13.20
  • Palladium, $763.80 Down $17.30

Daily Gold & Silver Market Report – 3/16/2015


Shaking off recent losses, Precious Metal prices are on the rise as investors prepare for the U.S. Federal Reserve’s statement Wednesday. Gold has been pressured with the continued rise of the U.S. dollar, but some analysts believe a dollar correction is on the way as disinflation becomes a concern.  BK Asset Management managing director of FX strategy Kathy Lien said, “I am long-term bullish dollars, but I think the Fed is going to put the brakes on the dollar next week. The speed and velocity of the recent moves brings back the risk of disinflation.”

European stocks received a boost Monday, as German stocks rose to record highs. The recent move by the European Central Bank (ECB) to begin a new quantitative easing (QE) program boosted the region as it rebounds from a 12 year low.  Spreadex financial analyst Connor Campbell said, “As the steroid injection of ECB QE continues to swell the [German stock index] DAX, as well as the other [eurozone] indices, investors remain enthralled with the region and seem committed to continuing its upswing.”

At 12:05 p.m. (ET), the APMEX Precious Metals spot prices were:

  • Gold, $1,155.40 Down $0.20
  • Silver, $15.70 Up $0.12
  • Platinum, $1,109.70 Down $8.50
  • Palladium, $782.40 Down $7.40
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