Our Daily
Market Reports

Closing Gold & Silver Market Report – 3/4/2014

GOLD UP, STOCKS DOWN FOLLOWING REASSURING WORDS FROM PUTIN

Gold fell from highs reached following yesterday’s surge.  Russian President Vladimir Putin helped to ease tension surrounding an impending conflict in Ukraine.  “The situation [in Ukraine] seems to have calmed down a bit, and that’s pushing gold lower,” Phil Streible, senior commodity broker at R.J. O’ Brien & Associates, said. “People will continue to monitor data out of the U.S. to gauge the strength of the economy.”

U.S. stocks are trading higher today as Putin’s reassuring comments regarding the situation in the Ukraine helped push the S&P 500 to a new record high.  “On a very short-term basis, everything you’ve seen in the market has everything to do with the Ukraine,” Kevin Caron, market strategist at Stifel Nicolaus & Co., said. “But over last 2 weeks, the market has moved higher with the exception of yesterday. The bet has been made that the economy continues to expand and most of the disruption we’ve seen has been from the weather.”  Investors will await incoming economic reports and monetary policy statements to gauge the future of U.S. equities markets.

At 5 p.m. (ET), the APMEX Precious Metals spot prices were:

  • Gold, $1,336.40, Down $15.90.
  • Silver, $21.20, Down $0.31.
  • Platinum, $1,465.80, Up $3.10.
  • Palladium, $763.80, Up $13.10.

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

World Market Trading Hours

Our spot prices are subject to change during the following hours, excluding holidays:

 
Gold
Silver
Platinum
Palladium
COMEX &
NYMEX Markets
Monday-Friday
8:20AM-1:30PM
Monday-Friday
8:25AM-1:25PM
Monday-Friday
8:20AM-1:05PM
Monday-Friday
8:30AM-1:00PM
CME Globex
World Markets
Monday-Friday
6:00PM-5:15PM
Monday-Friday
6:00PM-5:15PM
Monday-Friday
6:00PM-5:15PM
Monday-Friday
6:00PM-5:15PM

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.

Back To Top

Items In Cart


There are no items in the cart.

PLATINUM