Morning Gold & Silver Market Report – 1/31/2014


The Gold price is higher in early-morning trading as major stock indices fall, though the yellow metal is slated for its first weekly fall in six weeks. Quantitative Commodity Research owner Peter Fertig explained some of the movement, saying, “You have strength of the dollar against emerging markets currencies, and that's negative for Gold. But what is also important is the negative correlation between stock markets, especially the U.S. ones, and Gold and the weakness in emerging markets. Fears that it may lead to widespread crisis are currently sending shivers through the stock markets.”

While Gold is up nearly four percent in January, U.S. stocks are down four percent. This has some worried, as the January performance of stock markets has been an accurate foreshadowing of the rest of the year 62 of the last 85 years. Volatility is being measured up 26 percent this month, and on two occasions in the past, a number that high has been followed by the S&P 500 dropping five percent or more on the year.

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

  • Gold, $1,253.10, Up $8.60.
  • Silver, $19.41, Up $0.23.
  • Platinum, $1,384.90, Up $0.60.
  • Palladium, $706.80, Down $1.10.

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
4/17/2014 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

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...