Our Daily
Market Reports

Closing Gold & Silver Market Report – 7/2/2014

METALS CONTINUE RISE AS DOLLAR STRUGGLES

Precious Metal prices continue to show gains through afternoon trading.  As investors prepare for the holiday weekend, tomorrow’s release of U.S. jobs data will be closely watched and could affect Gold’s direction.  When asked about Gold’s recent support, AvaTrade chief market analyst Naeem Aslam said it was “mainly on the back of the optimism that Federal Reserve Chairwoman Janet Yellen is going to stay consistent in her message and will maintain the dovish tone, which is eroding demand for the dollar.”

The U.S. dollar held its course and remained slightly above a two-month low ahead of a speech by Federal Reserve Chair Janet Yellen and the release of the U.S. jobs report, both set for Thursday.  Esther Reichelt, currency strategist at Commerzbank, said, “ At the time Yellen seemed determined to give as little support as possible to rate hike speculation.  This is unlikely to be any different today. But the market is waiting for Fed signals and therefore already small hints can be sufficient to affect the dollar.”

At 5 p.m. (ET), the APMEX Precious Metals spot prices were:

  • Gold, $1,330.50, Up $1.40.
  • Silver, $21.20, Up $0.09.
  • Platinum, $1,513.00, Down $3.00.
  • Palladium, $858.20, Up $3.60.

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