Morning Gold & Silver Market Report – 11/26/2013


The market appears to be questioning the Iranian nuclear deal, which was Monday’s big topic. Jones Trading chief market strategist Mike O’Rourke explained, “Peace almost broke out in the Middle East, but Boone Pickens may have summed up the deal best by saying, ‘When you want to make a deal real bad, you will make a real bad deal.’ A deal that leaves Iran with any nuclear capability is hardly something you can call a ‘win’.” Gold and Silver prices have risen on further analysis of the deal.

One of the Federal Reserve’s concerns in gauging economic recovery has been housing. Many other facets of the economy have performed well, but housing continues to be a thorn in the Fed’s side. Capital Economics’ Paul Diggle said, “The economic recovery appears to be firming since the government reopened. Weekly jobless claims drifted lower in November. Gasoline prices have stayed around the recent low of $3.30 a gallon. In addition, equity prices have risen to record highs. One concern, however, is the recent rise in mortgage rates.” This could have an impact on the timing of the Fed’s decision to taper the quantitative easing program.

At 9:13 a.m. (ET), the APMEX Precious Metals spot prices were:

  • Gold, $1,246.40, Up $2.90.
  • Silver, $20.03, Up $0.09.
  • Platinum, $1,380.50, Up $1.70.
  • Palladium, $720.80, Down $0.70.
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
4/23/2014 6:32:03 PM EST

Metal Bid Ask Change
Gold $1,283.80 $1,285.80 ($0.80)
Silver $19.39 $19.49 $0.01
Platinum $1,396.00 $1,406.00 $2.10
Palladium $782.00 $787.00 $0.00
4/23/2014 6:32:03 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...