Our Daily
Market Reports

Closing Gold & Silver Market Report – 3/5/2014

PRIVATE-SECTOR JOBS REPORT SUPPORTS GOLD; U.S. MINT RELEASING PLATINUM EAGLES

The Gold price climbed from its lows today once the U.S. private-sector jobs report showed weaker than expected data.  Talks that Washington and Moscow are attempting to resolve tensions in Ukraine left little support for Gold as a safe haven asset, which explains why prices did not jump from the poor jobs data.  Jan Skoyles, head of research at The Real Asset Co., said “As we have seen in the last few years, Gold tends to trade lower in the days prior to the jobs data …  [and] following the cooling of the Ukraine situation (thanks to [Russian President Vladimir] Putin’s comments) all eyes will be back on U.S. economic data.”  The market now awaits U.S. monthly jobs data, due Friday.

The U.S. Mint released great news for Platinum investors, as they will resume minting Platinum American Eagle coins beginning March 10.  The Mint has been out of the Platinum Eagle program for four years, but with growing market interest it has been brought back to life, and APMEX is currently pre-selling these highly anticipated coins. The demand for Platinum has spiked due to higher auto demand in the U.S. and Asia along with supply uncertainties caused by numerous strikes in South Africa, home to the top Platinum producers.  Precious Metals have been outstanding in 2014, with Platinum rising 8 percent, Gold increasing 11 percent and Silver gaining 9 percent.  

At 5:15 p.m. (ET), the APMEX Precious Metals spot prices were:

  • Gold, $1,338.80, Down $1.10.
  • Silver, $21.22, Down $0.03.
  • Platinum, $1,481.50, Up $15.40.
  • Palladium, $773.20, Up $9.40.

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
8:20 a.m.-1:30 p.m. (ET)
Monday-Friday
8:25 a.m.-1:25 p.m. (ET)
Monday-Friday
8:20 a.m.-1:05 p.m. (ET)
Monday-Friday
8:30 a.m.-1:00 p.m. (ET)
CME Globex
World Markets
Monday-Friday
6:00 p.m.-5:00 p.m. (ET)
Monday-Friday
6:00 p.m.-5:00 p.m. (ET)
Monday-Friday
6:00 p.m.-5:00 p.m. (ET)
Monday-Friday
6:00 p.m.-5:00 p.m. (ET)

Disclaimer:
APMEX 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. 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 Market Reports are not intended as a comprehensive discussion and there may be other factors affecting the financial marketplace. These Market Reports are provided for informational purposes only and do not constitute a recommendation by APMEX to hold, purchase or sell any Precious Metal product. All orders, purchases and sales, if any, are subject to the terms of the User Agreement and other applicable policies.

Items In Cart


There are no items in the cart.

AURIC