Morning Gold & Silver Market Report – 10/23/2013


Precious Metals prices are trading lower this morning as the U.S. dollar steadies. After Gold’s rally yesterday, Mitsubishi analyst Jonathan Butler said, “We may see some short-positioning coming in, and we might also see some profit-taking based on the moves of the last few days. This $1,330 level is an important technical point, and so far Gold has managed to hold onto it. A lot of investors are just waiting to see what the next move will be.” Commerzbank analysts upgraded their medium-term view for Gold from bearish to neutral.

U.S. stock futures are trading lower, and Interactive Investor’s Rebecca O’Keeffe said, “The jubilation that greeted the poor nonfarm payrolls number [which led to an assumption that quantitative easing tapering will not occur soon] does need to be tempered with the reality that the U.S. economy appears to be slowing, and with the impact of the shutdown still to be felt and the debt ceiling set to be revisited early in the new year, there are potential road blocks ahead.”

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

  • Gold, $1,336.50, Down $8.10.
  • Silver, $22.75, Down $0.09.
  • Platinum, $1,442.90, Down $8.80.
  • Palladium, $749.80, Down $4.10.

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


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

Sell To Us

Selling your bullion or collectible coins is very easy and safe with APMEX! We are one of the largest gold & silver dealers in the country. Read More

APMEX Reviews

Just a short note, I've been dealing with you for several years your products are excellent customer service top shelf, packaging delivery top notch, and a easy fun website to look at.

Kevin | January, 2014 View All

As seen on...