Our Daily
Market Reports

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

GOLD STEADY AS DOW DROPS 267, NASDAQ DROPS 3%

Jeffrey Gundlach, chief executive and chief investment officer of DoubleLine Capital, said today that the global economy could see a “deflationary scare” and added that he likes Gold as a diversifier. Speaking at an annual DoubleLine event in New York, Gundlach said, “In Europe, the inflation rate is falling. In the United States the inflation rate is lower than it was in 2011 ... I continue to believe that there is more deflation in the world than most people appreciate.”

Marc Faber, editor and publisher of the Gloom, Boom & Doom Report, is predicting that “it's very likely that we're seeing, in the next 12 months, [a 1987] type of crash,” Faber said Thursday on CNBC’s Futures Now. “And I suspect it will be even worse. I believe that the market is slowly waking up to the fact that the Federal Reserve is a clueless organization. They have no idea what they're doing. And so the confidence level of investors is diminishing, in my view.”

At 5:00 p.m. (ET), the APMEX Precious Metals spot prices were:

  • Gold, $1,320.10, Up $12.20.
  • Silver, $20.08, Up $0.27.
  • Platinum, $1,458.50, Up $19.60.
  • Palladium, $792.00, Up $8.40.

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
6:00AM-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