Morning Gold & Silver Market Report – 9/4/2013


Precious Metals prices are giving up recent gains in morning trading.  The conflict in Syria is still the main focus of investors and analysts, though Precious Metals prices appear to be the victim of profit-taking.  HSBC analysts wrote yesterday that “the potential for Mideast tensions to intensify would be bullish for bullion.  A key reason for Gold to rally in response to Mideast tensions is the potential for oil-supply disruptions that a U.S. strike or an escalation of the conflict may trigger.  In order for Gold to build on recent gains over $1,400/ounce, oil prices also have to remain strong, we believe. A relaxation in oil prices — for whatever reason — could also undermine Gold.”

U.S. stock futures are flat this morning as investors await data to be released later this week.  July’s trade report and other data is due today, though analysts believe that Friday’s nonfarm payrolls report is the key release to watch.  Bank of Tokyo-Mitsubishi’s Lee Hardman wrote, “The non-farm payrolls report for August released on Friday will likely prove far more crucial (than Wednesday's data), given the importance of labor market conditions and as such will likely generate a much greater reaction in financial markets.”

At 9 a.m. (ET), the APMEX Precious Metals spot prices were:

  • Gold, $1,393.20, Down $20.90.
  • Silver, $23.50, Down $0.96.
  • Platinum, $1,497.00, Down $42.20.
  • Palladium, $698.00, Down $18.90.

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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
4/25/2014 2:45:07 AM EST

Metal Bid Ask Change
Gold $1,291.70 $1,293.70 $1.10
Silver $19.53 $19.63 ($0.12)
Platinum $1,404.00 $1,414.00 $4.40
Palladium $797.90 $802.90 ($0.50)
4/25/2014 2:45:07 AM EST

Click here for Historical Charts*All Charts are in USD

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