Our Daily
Market Reports

Mid-Day Gold & Silver Market Report – 4/2/2014

PRECIOUS METALS PRICES ARE ON THE RISE

Precious Metals prices are all on the upswing this morning despite a positive jobs report. Rising metal prices can most likely be attributed to Fed Chairwoman Janet Yellen’s statement on Monday that the FED was into quantitative easing (QE) for the long haul. Dennis Gartman, author of the Gartman letter, said, “I’ve been at this 40 years, and I've learned one thing: Don't fight the Fed, if you do, it's a losing battle. They have a bigger margin account than you or I will ever dream of having, and they're continuing to fund your margin account." The loose monetary policy supported by the Fed has been bullish for both Precious Metals and equities markets.

The loose monetary policy has not been restricted to the U.S., as the European Union has offered QE initiatives over the past several years. Christine Lagarde, President of the International Monetary Fund (IMF), is asking the European Central Bank (ECB) to do even more. She is calling on the ECB to ease monetary policy in order to combat dangerously low inflation in the euro zone. "More monetary easing, including through unconventional measures, is needed in the euro area," Lagarde said; outlining the Fund's policy recommendations ahead of its spring meetings in Washington next week.

At 1:49 p.m. (ET), the APMEX Precious Metals spot prices were:

  • Gold, $1,292.30, Up $10.80.
  • Silver, $20.07, Up $0.34.
  • Platinum, $1,438.20, Up $8.60.
  • Palladium, $786.60, Up $4.70.

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.

AURIC