Morning Gold & Silver Market Report – 1/28/2014


Precious Metals prices have recovered since Monday’s Closing Market Report. Peter Fertig of Quantitative Commodity Research said, “We are looking more and more at the relationship between the movements of the major international stock markets and Gold. That seems to be what's shaping the movement of prices. Last year institutional investors sold Gold significantly, because they expected higher returns on equities. The Precious Metals will only profit as an investment vehicle if there is now a reallocation out of stock markets into commodities.”

The Federal Reserve’s Federal Open Market Committee meeting begins today, and 87 percent of respondents to a recent CNBC poll believe the Fed will announce a further tapering of its quantitative easing program at the meeting’s conclusion Wednesday. Respondents also believe that each of the Fed’s meetings in 2014 will see a tapering of $10 billion in monthly asset purchases.

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

  • Gold, $1,261.40, Down $4.50.
  • Silver, $19.76, Down $0.08.
  • Platinum, $1,421.90, Down $1.20.
  • Palladium, $720.30, Down $2.30.

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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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
4/17/2014 5:15:48 PM EST

Metal Bid Ask Change
Gold $1,294.60 $1,296.60 ($8.90)
Silver $19.60 $19.70 $0.02
Platinum $1,405.70 $1,415.70 ($22.10)
Palladium $792.10 $797.10 ($6.20)
4/17/2014 5:15:48 PM EST

Click here for Historical Charts*All Charts are in USD

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