Our Daily
Market Reports

Mid-Day Gold & Silver Market Report – 5/12/2014

METALS STRENGTHEN ON UKRAINE VOTE

Precious Metals have continued higher through afternoon trading, setting up what would be the end of a four session decline. News that Pro-Russian separatists declared victory in Sunday’s recession votes boosted Gold as investors consider rising tensions in the region and the fact that Western powers viewed the vote as illegitimate. In an email, Insignia Consultants chief market analyst Chintan Karnani said, “Investors are now asking themselves (a) what kind of new sanctions will be imposed on Russia (b) what will be effects of Russian counter retaliation (if any in future) on European economy [and] (c) how long will the Ukrainian crisis continue.”

U.S. Treasury prices fell Monday ahead of a week full of data that will be closely watched. Subdued demand for long bonds and an improving U.S. economy helped the yield curve steepen from five-year lows.  Sean Murphy, a Treasuries trader at Societe Generale in New York, said, “For the most part we saw a correction steeper after the refunding, but inflation continues to be tame and that puts a curb to some of the steepening that we're seeing.”

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

  • Gold, $1,299.50, Up $9.90.
  • Silver, $19.64, Up $0.47.
  • Platinum, $1,441.50, Up $11.60.
  • Palladium, $809.50, Up $8.70.

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