Our Daily
Market Reports

Morning Gold & Silver Market Report – 4/16/2014

UKRAINE TENSIONS BOOST GOLD

The Gold price has steadied above $1,300 per ounce on tensions in Ukraine. VTB Capital analyst Andrey Kryuchenkov said, “The early April uptrend is now broken, and if it wasn't for Ukraine, we would be closer to $1,280.” Representatives from the U.S., European Union, Russia, and Ukraine will meet for crisis talks Thursday with hopes of negotiating peace in that region.

Federal Reserve Chairwoman Janet Yellen will speak today, and is expected to talk up her dovish policy message. Danske Bank analyst Anders Vestergård Fischer said, “We expect a dovish rhetoric underlining that a rate hike is nowhere imminent, which would tend to weigh on the U.S. dollar.” Yesterday, the Gold price fell on a stronger dollar. The dollar reversing its course could cause a spike in the Gold price.

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

  • Gold, $1,305.80, Up $3.50.
  • Silver, $19.68, Up $0.15.
  • Platinum, $1,442.50, Down $2.10.
  • Palladium, $802.10, Up $5.30.

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.

PLATINUM