Mid-Day Gold & Silver Market Report – 11/18/2013


Gold and Silver prices continued to fall in morning trading after positive comments about the economy from New York Federal Reserve President William Dudley. Dudley claimed that he was “getting more hopeful” about the troubled U.S. economy, and investors are taking that as a sign that quantitative easing (QE) tapering is nearer on the horizon than previous expectations. Speaking on the global economic recovery, Dudley said, “I believe a good case can be made that the pace of growth will pick up some in 2014 and then somewhat more in 2015.”

Chintan Karnani, chief market analyst at Insignia Consultants, believes that the market is focusing on “when and how the Federal Reserve talks about tapering” the quantitative easing. Karnani added, “Investors are just reacting to incoming U.S. economic data releases from a tapering perspective and nothing else.” MKS analyst Moudi Raad believes Gold’s lack of a yield is hurting its price at the moment. He said, “Gold is likely to find it hard to gain any upside momentum, especially with equity markets continuing to reach record highs, which not only look set for further gains, but they provide the much-sought- after yield which investors around the globe are yearning for.”

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

  • Gold, $1,274.70, Down $15.20.
  • Silver, $20.42, Down $0.37.
  • Platinum, $1,414.30, Down $25.60.
  • Palladium, $718.90, Down $15.30.

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...