Our Daily
Market Reports

Mid-Day Gold & Silver Market Report – 6/27/2014

GOLD PRICES EDGE UP HEADING FOR WEEKLY GAIN

Gold prices are showing modest gains, while Silver is slightly down. It appears Gold is headed for another weekly gain, despite last week’s sharp upswing and strong indication of consolidation. Gold has been “digesting the big gains” made after Federal Reserve Chief Janet Yellen’s “dovish” comments last Thursday,” Vedant Mimani, lead portfolio manager of the Atyant Capital Global Opportunities Fund, said. The stock market is mixed with the DOW down and the NASDAQ up.

Gold has been doing well as of late, but somewhat unnoticed, Silver is actually doing better than Gold. In some analysts’ views, Silver has not topped out yet. Silver has experienced double digit percentage gains this month compared to Gold at six percent. “The real value of silver is far from being realized,” Andrew Chanin, chief executive officer of PureFunds, said. Silver’s price point would indicate that Silver supply is more readily available than Gold, but this might not actually be the case. Silver also stands to benefit more in an improving economy. Generally, 57 percent of yearly Silver demand is industrial. If investment demand continues to increase in conjunction with industrial demand it could put a squeeze on Silver supplies.

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

  • Gold, $1,320.00, Up $1.00.
  • Silver, $21.12, Down $0.05.
  • Platinum, $1,480.70, Up $8.40.
  • Palladium, $841.70, Up $5.90.

« 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