Our Daily
Market Reports

Mid-Day Gold & Silver Market Report – 6/30/2014

GOLD & SILVER HEADED FOR GAINS IN TWO STRAIGHT QUARTERS

Gold and Silver prices have been steady throughout the morning near two months highs. As we close the end of the second quarter, both Gold and Silver will show two positive quarters in a row to begin 2014. The U.S. dollar is still under pressure and should remain so ahead of a week with several important reports to be released. The two big ones are the U.S. jobs data and the European Central Bank (ECB) meeting later in the week. Will the ECB announce plans for additional monetary stimulus? Meanwhile, tensions in Ukraine and Iraq continue to support Gold prices.

Pending contracts on previously owned homes hit an eight month high in May. Although this is an indication that the U.S. housing market may be pulling out of a rough patch, this new data has not impacted equity markets. "The housing market is likely to continue recovering lost ground following its weather-induced stumble earlier this year," Gennadiy Goldberg, an economist at TD Securities in New York, said. "We look for the stronger pending home sales report to help put fears of 'flattening' housing market momentum to rest in the near-term."

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

  • Gold, $1,321.10, Down $0.90.
  • Silver, $20.96, Down $0.18.
  • Platinum, $1,483.50, Up $2.20.
  • Palladium, $842.80, Down $0.10.

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.

« 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
6:00PM-5:15PM
Monday-Friday
6:00PM-5:15PM
Monday-Friday
6:00PM-5:15PM
Monday-Friday
6:00PM-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