Our Daily
Market Reports

Mid-Day Gold & Silver Market Report – 4/30/2013

WALL STREET THINKS NO END OF QE TILL 2014

CNBC conducted a survey in April and 40 of the 46 Fed Survey respondents said they believe asset purchases by the U.S. central bank will continue into next year. Participants also said that as the economy remains week with the sequester taking effect they doubt cutting the deficit right now is the best idea. John Kattar of Ardent Asset Advisors said, "The economy is struggling. The data have been weak, and continued growth in free reserves is indicative of risk aversion and lack of credit demand. I now believe an extension of QE into 2014 is somewhat more likely than any tapering before year end." Survey respondents include economists, strategists and fund managers.

The Gold price has been mostly flat in morning trading but physical gold demand has been on the rise. In fact, physical gold held at CME group’s Comex warehouses in New York are at near to five year lows. These inventories are made up of 100 ounce Gold bars but inventory levels have dropped almost 30 percent since February as dealers respond to the demand from Asian markets. Analysts also say that the selloff is evidence of investor demand for coins and bars and their preference to physically hold the metal. Jonathan Potts, managing director of Delaware Depository said, "Some investors feel much safer having gold within their reach and their hands."

At 12:00 p.m. (EDT), the APMEX Precious Metals spot prices were:

  • Gold, $1,473.80, Up $3.90.
  • Silver, $24.25, Down $0.01.
  • Platinum, $1,507.00, Down $1.90.
  • Palladium, $700.80, Down $0.40.

APMEX’s Account Managers now have extended hours Mondays through Thursdays and are here to serve you until 8 p.m. (EDT)! Or call us Fridays until 6 p.m. (EDT)! If you have any questions about investing in Precious Metals or simply would prefer to place your order by telephone, we are here to help.

« Return to Commentaries

World Market Trading Hours

Our spot prices are subject to change during the following hours, excluding holidays:

 
Gold
Silver
Platinum
Palladium
CONMEX &
NYMEX Markets
Monday-Friday
8:20AM-1:30PM
Monday-Friday
8:25AM-1:25PM
Monday-Friday
8:20AM-1:05PM
Monday-Friday
8:30AM-1:00PM
CME Globex
World Markets
Monday-Friday
6:00AM-5:15PM
Monday-Friday
6:00AM-5:15PM
Monday-Friday
6:00AM-5:15PM
Monday-Friday
6:00AM-5:15PM

Disclaimer:
APMEX’s ‘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, three times during the trading day. 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 "News and Commentaries" are not intended as a comprehensive discussion and there may be other factors that may be affecting the financial marketplace. These "News and Commentaries" are provided for informational purposes only and do not constitute a recommendation by APMEX to hold, to purchase or to sell any precious metal product. All orders, all purchases and all sales, if any, are subject to the terms of the User Agreement and other applicable policies.

Back To Top

Items In Cart


There are no items in the cart.

PLATINUM