Morning Gold & Silver Market Report – 12/4/2013


The Silver price added to gains and the Gold price recovered from early losses after San Francisco Federal Reserve President John Williams said the Fed should only consider tapering its quantitative easing program when it is “completely confident” the economy is on the road to recovery. At that point, according to Williams, the Fed should announce an end date and begin tapering. Williams also mentioned that even while the Fed tapers its bond-buying program, interest rates will remain low, continuing the highly-accommodative stance of the central bank.

Ava Trade chief market analyst Naeem Aslam wrote that Williams’ “comments further assured markets that the Fed should be extremely careful in their observation before they announce anything, although their wrapping up the ultra loose monetary policy could be unwrapped again.” U.S. stock futures turned lower after the comments, pointing to a negative start for Wall Street. Williams’ comments appeared to override the positive Automatic Data Processing report on private-sector employment for November.

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

  • Gold, $1,227.30, Up $4.50.
  • Silver, $19.31, Up $0.21.
  • Platinum, $1,358.80, Up $1.50.
  • Palladium, $719.20, Up $4.40.

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
4/16/2014 3:18:39 PM EST

Metal Bid Ask Change
Gold $1,302.50 $1,304.50 $2.20
Silver $19.58 $19.68 $0.14
Platinum $1,428.50 $1,438.50 ($6.10)
Palladium $798.20 $803.20 $6.30
4/16/2014 3:18:39 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...