Morning Gold & Silver Market Report – 12/3/2013


Gold is flat in early-morning trading as most investors await this week’s release of key economic data. Tuesday is light on data, but Wednesday will see private payrolls and non-manufacturing numbers. Thursday, a GDP revision will be announced, and the highly anticipated nonfarm payrolls report will be released Friday. Gerhard Schubert, head of commodities at Emirates NBD, said, “We do anticipate it to be more likely that some of the recently established short positions [on Gold] will be covered and that some money will be taken [off] the table. The second guessing of what the Fed might decide will be the main topic during the week, but certainly next weekend after the release of the November data.”

U.S. stock futures are pointing to a flat open for Wall Street as investors remain cautious. Deutsche Bank’s Jim Reid and Anthony Ip wrote in their morning research note, “The market has been a little confused over the last 24 hours, not helped by the stronger than expected [manufacturing data] providing further fuel to the December taper flame… So with the recent strength in the data we're building up to a fascinating payrolls this Friday and one that could shape the early part of 2014.”

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

  • Gold, $1,221.90, Down $2.00.
  • Silver, $19.14, Down $0.17.
  • Platinum, $1,344.70, Down $3.60.
  • Palladium, $711.50, Down $1.90.

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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
4/23/2014 4:38:48 PM EST

Metal Bid Ask Change
Gold $1,284.20 $1,286.20 $3.10
Silver $19.39 $19.49 $0.08
Platinum $1,395.70 $1,405.70 $5.40
Palladium $782.70 $787.70 $3.10
4/23/2014 4:38:48 PM EST

Click here for Historical Charts*All Charts are in USD

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