Our Daily
Market Reports

Morning Gold & Silver Market Report – 8/21/2014

GOLD DOWN, STOCKS UP ON INTEREST RATE SPECULATION

The Gold price is trading near a two-month low due to a strengthening U.S. dollar and economic data. The weekly jobless claims report showed fewer than 300,000 new claims for the third time in five weeks. One Precious Metals trader said, “Gold had already been under pressure from the dollar. Once it broke below the 200-day moving average near $1,284 [per ounce], there was heavy selling.” Gold investors are wary of positive economic data as it spurs talk the Federal Reserve could increase interest rates sooner than expected.

U.S. stock futures are pointing toward a higher open for Wall Street, though one analyst believes it could be too hasty on the investors’ part. IG Markets Chief Market Strategist Brenda Kelly said regarding interest rates, “It’s still unlikely that it’s going to be immediate and remains data dependent. Markets are making hay while the sun shines — possibly in a delusional manner based on previous equity moves in the runup and aftermath of the Jackson Hole symposium. [Federal Reserve Chair Janet] Yellen, however, is not [former chair Ben] Bernanke, and she may offer some surprises.”

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

  • Gold, $1,277.70, Down $18.50.
  • Silver, $19.40, Down $0.14.
  • Platinum, $1,420.70, Down $8.50.
  • Palladium, $878.30, Up $8.80.
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