Mid-Day Gold & Silver Market Report – 9/27/2013


Precious Metals prices continue to trade higher through mid-day trading. This pushed Gold to positive territory for the week. With a budget deadline next Tuesday, many investors are concerned about what is next. Sam Wardwell, an investment strategist at Pioneer Investments, said, “A government shutdown would be a fiscal cliff that’s big enough in this case to drive the economy into a recession and I think that the market is increasingly worried about that risk because the risk seems to be rising.” 

With the threat of a government shutdown only days away and continued quantitative easing speculation, markets are slowly starting to react, as U.S. consumer sentiment reached its lowest point since April. Ozlem Yaylaci, senior U.S. economist at IHS Global Insight, said, “Consumer sentiment has turned sour due to a more pessimistic outlook on economic growth and political bickering and finger-pointing. Consumer sentiment is likely to take a strong hit since a possible government shutdown and debt ceiling crisis in the coming months are not positive things.”

At 3.02 p.m. (ET), the APMEX Precious Metals spot prices were:

  • Gold, $1,341.20, Up $15.10.
  • Silver, $21.87, Up $0.08.
  • Platinum, $1,422.80, Up $9.60.
  • Palladium, $730.90, Up $7.40.

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.

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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 4:54:43 AM EST

Metal Bid Ask Change
Gold $1,293.60 $1,295.60 $3.00
Silver $19.52 $19.62 ($0.13)
Platinum $1,403.30 $1,413.30 $3.70
Palladium $800.30 $805.30 $2.00
4/25/2014 4:54:43 AM EST

Click here for Historical Charts*All Charts are in USD

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