Our Daily
Market Reports

Closing Gold and Silver Market Report – 7/10/2014

SAFE-HAVEN BUYING CONTINUES AS STOCKS SLIP AGAIN

The Gold price jumped higher on Thursday as a wave of selling among world stocks increased the safe-haven demand for Precious Metals.  Sluggish economic data from the Eurozone and disappointing reports from China have caused trepidation among equities investors and forced the yellow metal to a four-month high.  Geopolitical crises in the Middle East are also gaining the attention of stock traders and Gold bugs alike.  Ongoing tension in Iraq coupled with the Israeli military offensive on the Gaza strip have helped boost the appeal of Gold as an asylum and weakened the resolve of equities, with investors fearful of the escalating violence in the region.  Developments on the geopolitical and economic fronts will be closely eyed as Gold looks to break through its next technical barrier at $1,375 an ounce. 

The selloff among U.S. equities was prolonged today as news related to financial woes in Portugal made headlines.  Missed debt payments by a company closely linked to Portugal’s second-largest lender caused concern in the region and made its way into domestic markets today.  Speculation that the protracted rally among U.S. stocks was “too far, too fast” initially precipitated the selloff earlier this week as investors fear a massive correction in the stock market. 

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

  • Gold, $1,337.60, Up $12.30.
  • Silver, $21.46, Up $0.39.
  • Platinum, $1,516.70, Up $8.80.
  • Palladium, $872.20, Down $1.50.

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.

AURIC