Morning Gold & Silver Market Report – 12/13/2013


Gold and Silver prices are slightly higher this morning, benefiting from yesterday’s dip and buying opportunity. Investor focus continues to be on next week’s Federal Open Market Committee meeting, where some expect an announcement on the fate of the Fed’s Quantitative Easing program. VTB Capital analyst Andrey Kryuchenkov doesn’t expect an announcement, but rather something to prepare the markets for the future. He said, “I don't think there'll be any substantial changes to the (Fed) policy or any big surprises. It will probably be a slightly hawkish statement preparing the market for the initial tapering in the first quarter of next year.”

U.S. stock futures are also trading higher in early-morning trading, although all major indexes are poised for a weekly loss. Speculation is growing that a budget deal in Washington, which passed the House Thursday and is expected to pass the Senate next week, could lead the way to a tapering announcement from the Fed. Recent strong economic data and a higher trend for U.S. treasury yields are lending to that speculation as well.

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

  • Gold, $1,236.20, Up $8.80.
  • Silver, $19.63, Up $0.13.
  • Platinum, $1,371.00, Up $4.60.
  • Palladium, $724.10, Up $3.90.

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 12:30:24 PM EST

Metal Bid Ask Change
Gold $1,301.20 $1,303.20 $0.90
Silver $19.55 $19.65 $0.12
Platinum $1,427.20 $1,437.20 ($7.40)
Palladium $796.10 $801.10 $4.30
4/16/2014 12:30:24 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...