Our Daily
Market Reports

Morning Gold & Silver Market Report – 3/19/2014

GOLD, SILVER DOWN AS FED DECISION LOOMS

Gold and Silver prices traded lower Wednesday morning ahead of the U.S. Federal Reserve’s policy decision regarding its monthly bond buying program. Commerzbank commodity analyst Daniel Briesemann said, “The move down for Gold has started at the beginning of the week and one reason is that clearly the Crimean crisis is being priced out, resulting in some risk appetite among market players. On the other side, really low inflation and positive economic data for February published in the U.S. is also weighing on the Gold price. The U.S. Fed meeting is clearly something market players are focusing their attention on.”

U.S. stock futures are flat as investors await the Fed decision. Joao Monteiro, analyst at Valutrades, wrote, “Expectations are for the tapering process to continue — something that is certainly hurting emerging markets — but the interesting points could well be hidden in the subtext of [Fed Chairwoman] Janet Yellen’s news conference. There’s a need to reassure markets that interest rates won’t be hiked any time soon despite the winding in of [quantitative easing], so how this is interpreted by traders will be critical in determining the reaction.”

At 9:08 a.m. (ET), the APMEX Precious Metals spot prices were:

  • Gold, $1,346.60, Down $14.30.
  • Silver, $20.78, Down $0.12.
  • Platinum, $1,457.00, Down $6.70.
  • Palladium, $769.50, Down $2.00.

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. View current spot prices for gold, silver, platinum and palladium on our Spot Price Charts page.

 
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.

PLATINUM