Our Daily
Market Reports

Morning Gold & Silver Market Report – 5/13/2014

PRECIOUS METALS UP AS DATA DISAPPOINTS

Precious Metals prices are relatively flat through early morning trading after yesterday’s gains.  The standoff situation in Ukraine, reports that the German central bank will consider monetary easing measures, and disappointing U.S. retail sales data have provided a boost for Gold.  Peter Fertig, a consultant at Quantitative Commodity Research, said, “(A break out of that range) would only be caused by an escalation between the West and Russian that would send stock markets down and investors out of risky assets and into safe havens, (such as) government bonds and gold.”

After benchmark indexes climbed to record highs yesterday, U.S. stock futures had very little movement.  Data released showed slow growth in the retail sector which failed to meet expectations but some investors believe markets will pick up.  “We’re still in a nascent recovery,” Chad Morganlander, fund manager at Stifel Nicolaus & Co., said, “We do believe there will continue to be an underlying improvement in economic trends over the course of this year. There are other economic numbers that trump this report -- it’s not a game-changer.”

At 10:23 a.m. (ET), the APMEX Precious Metals spot prices were:

  • Gold, $1,297.10, Down $0.70.
  • Silver, $19.58, Down $0.02.
  • Platinum, $1,457.40, Up $15.50.
  • Palladium, $817.80, Up $7.90.

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.

« 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