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Market Reports

Morning Gold & Silver Market Report – 4/10/2014

GOLD, SILVER PRICES MOVING UPWARD

The Gold price has continued to move upward for the third day in a row. Comments made last month by Federal Reserve Chair Janet Yellen that the Fed could end its monthly bond purchases by Fall sent Gold prices lower. However, with this week’s release of the Federal Open Market Committee meeting minutes, it became apparent that Fed officials were not likely to raise interest rates anytime soon. "The main takeaway from the meeting minutes is: nothing has changed, any perception of added hawkishness is miscommunication," Phillip Futures analyst Joyce Liu said.

Jobless claims fell to a near seven-year low of 300,000, which was lower than the 320,000 many economists expected, helping stocks recover some early losses. Stock futures had fallen after an earlier report that China’s exports and imports unexpectedly dropped off in March. Any news that the Chinese economy is slowing will generally affect the equity markets negatively.

At 9:26 a.m. (ET), the APMEX Precious Metals spot prices were:

  • Gold, $1,320.50, Up $12.60.
  • Silver, $20.23, Up $0.41.
  • Platinum, $1,457.90, Up $19.00.
  • Palladium, $790.60, Up $7.10.

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.

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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.

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