Morning Gold & Silver Market Report – 1/11/2013


The Gold price has mostly recovered from early-morning losses, a day after a rally set off by data in China and a weaker U.S. dollar. Chuck Butler, president of EverBank World Markets, said, “Once the landscape for [the debt ceiling and the government budget] can be laid out, the market will then have a clear direction.  That direction most likely will include kicking the can down the road for the U.S., which would potentially drive the dollar down further, which would be good for Gold.”

The U.S. Department of Commerce reported today that the trade deficit in the country widened by 15.8 percent to $48.7 billion in November, the largest gap since April 2012. The trade deficit is one of many things the U.S. Federal Reserve looks at when deciding whether to implement more or continue current quantitative easing, and the gap widening to such a large number isn’t seen as positive.

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

  • Gold, $1,675.80, Down $4.20.
  • Silver, $30.83, Down $0.13.
  • Platinum, $1,629.40, Down $4.90.
  • Palladium, $694.30, Down $8.90.

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.

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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
4/23/2014 3:15:52 AM EST

Metal Bid Ask Change
Gold $1,284.00 $1,286.00 $2.90
Silver $19.42 $19.52 $0.11
Platinum $1,394.00 $1,404.00 $3.70
Palladium $780.50 $785.50 $0.90
4/23/2014 3:15:52 AM EST

Click here for Historical Charts*All Charts are in USD

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