Our Daily
Market Reports

Morning Gold & Silver Market Report – 3/13/2014

GOLD HITS NEW HIGH BEFORE DATA

The Gold price has fallen since hitting a six-month high early Thursday morning. The weekly jobless claims report showed the fewest number of claims since November, driving the Gold price lower and U.S. stock futures higher. Upbeat economic data continued as U.S. retail sales rose for the first time in three months. These two reports will add fuel to the fire of scrutinizing economic data for clues on the Federal Reserve’s quantitative easing program.

Peter Fertig, consultant at Quantitative Commodity Research, said, “It is currently the political developments in Ukraine, which are having a negative impact on the stock markets, that are supporting Gold. The weaker data seen in China, and the news that two corporate bonds were in default, has also spooked investors. Furthermore, you have a stronger euro against the U.S. dollar. That gave Gold the necessary push to overcome resistance yesterday, and that of course triggered further technical buying.”

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

  • Gold, $1,368.10, Down $4.40.
  • Silver, $21.17, Down $0.22.
  • Platinum, $1,476.30, Down $2.00.
  • Palladium, $773.00, Down $4.20.

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
CONMEX &
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
6:00AM-5:15PM
Monday-Friday
6:00AM-5:15PM
Monday-Friday
6:00AM-5:15PM
Monday-Friday
6:00AM-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