Morning Gold & Silver Market Report – 12/2/2013


Economic data continues to pressure Gold as investors await the release of key data due later in the week.  Anticipation of nonfarm payroll numbers, third quarter GDP and manufacturing purchasing managers index (PMI) are weighing on metals today, pushing Gold down to a one-week low.  "We are starting the week and month on a weak footing, carrying on a little bit of the themes that we left last week … the focus is back on the U.S. data, with the nonfarm payrolls on Friday," Saxo Bank senior manager Ole Hansen said.  Focus remains on the future of the U.S. Federal Reserve’s monetary easing program.  Further optimistic data could influence Fed officials to begin tapering the monthly injections of $85 billion sooner than expected. 

While Gold and Silver are suffering early losses, stock futures are trading flat following the Thanksgiving holiday.  Along with Gold bugs, equities investors will also eye this week’s economic data as well as earnings from large corporate retailers to gain insight into forthcoming price movement.  However, the most important piece of data will be the monthly nonfarm payroll numbers, which are seen as the most integral factor in determining the future of the Fed’s stimulus program.

At 9:50 a.m. (ET), the APMEX Precious Metals spot prices were:

  • Gold, $1,237.20, Down $15.20.
  • Silver, $19.68, Down $0.38.
  • Platinum, $1,357.60, Down $12.70.
  • Palladium, $718.00, Down $1.60.

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 4:49:12 PM EST

Metal Bid Ask Change
Gold $1,283.90 $1,285.90 $2.70
Silver $19.40 $19.50 $0.09
Platinum $1,395.80 $1,405.80 $5.50
Palladium $782.60 $787.60 $3.00
4/23/2014 4:49:12 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...