Our Daily
Market Reports

Morning Gold & Silver Market Report – 3/14/2014

DATA DRIVES GOLD HIGHER

Precious Metals prices are trading slightly higher in early morning trading. The Producer Price Index for February was released this morning and showed a decrease of 0.1 percent, lower than the expected rise of 0.2 percent. This drove U.S. stock futures down while Precious Metals added to gains. Stephen Guilfoyle, chief economist at Sarge986.com, said, “I would not sell anything associated with safe-haven value right now. That’s the good stuff.”

Exchange-traded funds investors appear to have gained confidence in Gold’s outlook, as holdings in those funds have increased. The crisis in Ukraine appears to be a major motivator, as geopolitical tension has historically been bullish for Gold. Russia does not appear to be backing down from its plans to annex Crimea, even in the face of sanctions from the U.S. and European Union.

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

  • Gold, $1,384.90, Up $10.50.
  • Silver, $21.76, Up $0.53.
  • Platinum, $1,486.20, Up $4.80.
  • Palladium, $781.90, Up $2.90.

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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