Mid-Day Gold & Silver Market Report – 7/25/2013


The major indexes are trading like a roller coaster today. The Dow is down while the NASDAQ is up followed by lower prices for the S&P 500. Investors are digesting mixed corporate and economic reports. Phil Orlando, equity market strategist at Federated Investors, suggested, “[The S&P 500] got up to just under 1,700 here this week, and had trouble breaking through. From a technical perspective, we need to pause or consolidate a little.” The index has seen a 9 percent gain over the past month. Orlando says there is room for a bit of a correction if necessary.

The Gold price has bounced back from early losses as the U.S. dollar fell against the basket of currencies it is measured against. Gold has seen its fair share of the roller coaster over the past few weeks as investors continue to look for a clear direction based on Federal Reserve monetary policy. Mitsubishi analyst Jonathan Butler said, “Gold is still searching for some decisive news either way from which it can take a trend. In the absence of that, we are going to see some pretty choppy, volatile trading.” The Gold price continues to trade in a very tight range between $1,300 and $1,330.

At 1 p.m. (ET), the APMEX Precious Metals spot prices were:

  • Gold, $1,332.70, Up $10.20.
  • Silver, $20.29, Up $0.18.
  • Platinum, $1,449.90, Down $5.30.
  • Palladium, $741.20, Down $5.10.

APMEX’s Account Managers now have extended hours Mondays through Thursdays and are here to serve you until 7 p.m. (CDT)! Or call us Fridays until 5 p.m. (CDT)! 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.

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APMEX’s ‘News and Commentaries’ 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.

US Dollar Prices are in USD

Precious Metal Prices
4/17/2014 5:15:48 PM EST

Metal Bid Ask Change
Gold $1,294.60 $1,296.60 ($8.90)
Silver $19.60 $19.70 $0.02
Platinum $1,405.70 $1,415.70 ($22.10)
Palladium $792.10 $797.10 ($6.20)
4/17/2014 5:15:48 PM EST

Click here for Historical Charts*All Charts are in USD

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