Our Daily
Market Reports

Morning Gold & Silver Market Report – 3/28/2014

GOLD REMAINS BELOW $1,300 ON DECLINING TENSIONS

Gold and Silver prices remain below the $1,300 per ounce and $20.00 per ounce levels respectively this morning. VTB Capital analyst Andrey Kryuchenkov said, “Considering that geopolitical tensions have somewhat abated and risk sentiment has improved after good U.S. data, you will barely see any safe-haven buying at this point and there is nothing to hold Gold up. … If we don't close below $1,290 today, we could see some consolidation around these levels ahead of the ECB on Thursday and the U.S. nonfarm payrolls on Friday.”

Near-zero interest rates are typically bullish for Precious Metals prices, and one Federal Reserve official believes we could see a rate hike in late 2015. Chicago Fed President Charles Evans said, “While low interest rates could lead to financial exuberance in principle, monetary policy is not the best tool to mitigate this risk.” New Fed Chairwoman Janet Yellen is said to be dovish towards monetary policy, but she has also said that rates should start climbing soon.

At 9 a.m. (ET), the APMEX Precious Metals spot prices were:

  • Gold, $1,293.30, Down $3.40.
  • Silver, $19.85, Up $0.10.
  • Platinum, $1,403.60, Up $4.40.
  • Palladium, $767.50, Up $7.00.
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.

PLATINUM