Our Daily
Market Reports

Closing Gold & Silver Market Report – 1/20/2014

GLOBAL ECONOMIC ACTIVITY SEEN AS POSITIVE AND NEGATIVE BY ECONOMISTS

As the financial year is now in full swing, it already appears to be performing at the best rate since 2008.  Improved U.S. economic data is providing the Federal Reserve the opportunity to stabilize the fiscal policy currently in place to adapt to the healthy economy.  However, PIMCO chief executive officer and co-chief investment officer Mohamed El-Erian feels the global financial crisis is far from over for several reasons and suggests that policymakers should not be happy with the current growth. El-Erian believes policymakers need to refocus on the global debt crisis, insufficient supply responsiveness and an inadequate level and configuration of aggregate demand. 

China’s lower than expected industrial output growth initiated concerns regarding global demand for crude, which pressured oil prices for February.  According to China’s National Bureau of Statistics, industrial production in December slowed to 9.7 percent annual growth, down from 10 percent in November. 

At 1:15 p.m. (ET), the APMEX Precious Metals spot prices were:

  • Gold, $1,257.00, Up $2.60.
  • Silver, $20.36, Up $0.01.
  • Platinum, $1,471.00, Up $14.90.
  • Palladium, $748.50, Even.

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.

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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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