Our Daily
Market Reports

Morning Gold & Silver Market Report – 7/28/2014

HEAVY WEEK OF ECONOMIC NEWS AHEAD

The Gold price has recovered a slight loss from earlier this morning as a stronger U.S. dollar puts pressure on the yellow metal. The coming week is rife with economic data and events, which will be heavily analyzed for clues to when the Federal Reserve will increase interest rates. The Fed’s policy meeting concludes Wednesday, the same day that second-quarter gross domestic product data is released. Thursday marks the usual weekly jobless claims report, and Friday brings the heavy hitter — non-farm payrolls figures.

U.S. stock futures are mostly lower as concerns over a bursting of the stock bubble remain. Valutrades analyst Joao Monteiro said, “This story may be looking a little over-brokered, but with the quiet summer sessions lying ahead, even just a small shock could be all it takes to precipitate a big move.” Meanwhile, Goldman Sachs downgraded its three-month view on global stocks to neutral.

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

  • Gold, $1,305.40, Up $1.10.
  • Silver, $20.69, Up $0.06.
  • Platinum, $1,491.50, Up $11.90.
  • Palladium, $885.70, Up $4.90.
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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