Our Daily
Market Reports

Morning Gold & Silver Market Report – 1/16/2014

JOBLESS CLAIMS DOWN; GOLD FLAT

Gold and Silver are relatively flat in morning trading. The weekly jobless claims report showed a drop in new claims of 2,000 to a level not seen since before the Thanksgiving holiday. However, continuing claims rose by 174,000 for the week ending January 4. While new jobless claims are seen as a gauge of layoffs, continuing claims can show the number of people struggling to re-enter the workforce on a weekly basis.

U.S. stock futures remained lower after the jobless claims report was released. Exiting Federal Reserve Chairman Ben Bernanke is slated to speak at an event in Washington, D.C. today, and many investors will be looking for more clues as to the future plans of tapering the Fed’s quantitative easing program. This speech comes just a day after the U.S. House of Representatives approved a spending bill which removes the threat of a government shutdown.

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

  • Gold, $1,245.00, Up $4.20.
  • Silver, $20.22, Up $0.04.
  • Platinum, $1,428.00, Down $2.60.
  • Palladium, $740.00, Down $4.00.

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Disclaimer:
APMEX’s ‘Market Reports’ 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.

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