Morning Gold & Silver Market Report – 1/10/2013


Stock market futures are looking bullish today due to positive trade data from China. Chinese export data surpassed analysts expectations rising 14.1 percent in December as compared to last year. Domestically, jobless claims rose last week by 4,000 to a seasonally adjusted 371,000. Claims for unemployment tend to be more volatile this time of the year due to seasonal layoffs.

The Gold price remained mostly flat ahead of today’s ECB meeting before rebounding this morning. Platinum is also gaining ground and has reached its tightest ratio with Gold since April 2012. The improvement in the white metal is being linked to an improvement in the U.S. auto market and supply issues created by labor unrest in South Africa’s producing region. Citigroup analyst David Wilson said, “The overall [Chinese] trade data is looking positive in terms of exports. For [precious group metals] there's some positivity, surprisingly, on the auto sector.”

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

  • Gold, $1,671.30, Up $13.80.
  • Silver, $30.74, Down $0.46.
  • Platinum, $1,624.50, Down $24.50.
  • Palladium, $701.50, Up $12.30.

APMEX’s Account Managers now have extended hours Mondays through Thursdays and are here to serve you until 8 p.m. (EST)! Or call us Fridays until 6 p.m. (EST)! 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


APMEX’s �News and Commentaries’ 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.

US Dollar Prices are in USD

Precious Metal Prices
4/24/2014 3:56:15 PM EST

Metal Bid Ask Change
Gold $1,292.20 $1,294.20 $7.60
Silver $19.63 $19.73 $0.24
Platinum $1,403.40 $1,413.40 $9.50
Palladium $797.50 $802.50 $15.50
4/24/2014 3:56:15 PM EST

Click here for Historical Charts*All Charts are in USD

Sell To Us

Selling your bullion or collectible coins is very easy and safe with APMEX! We are one of the largest gold & silver dealers in the country. Read More

APMEX Reviews

Just a short note, I've been dealing with you for several years your products are excellent customer service top shelf, packaging delivery top notch, and a easy fun website to look at.

Kevin | January, 2014 View All

As seen on...