Morning Gold & Silver Market Report – 1/25/2013

GREED ENTERING THE MARKETPLACE?

Gold and Silver prices are trading slightly lower this morning, and Henrik Drusebjerg of Nordea Bank believes we may be seeing a shift in investor viewpoints. He said, “I guess there’s a tendency to a different mood among investors that has been very dominated by fear of different areas like the debt crisis and the fiscal cliff. Now it seems the fear’s more like, ‘what could I miss? Could I miss any returns if I remain too careful in my investment strategy?’ It’s the beginning of going from fear towards greed.

The Gold price, however, “will be underpinned by ongoing accommodative central bank activity and it's quite possible that it will find itself moving into more central banks' portfolios,” according to SP Angel analyst John Meyer. The U.S. Federal Reserve is due to make a statement Wednesday, and analysts believe this will give more clues as to future monetary policy, which has been the main driver of the Gold price recently.

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

  • Gold, $1,663.10, Down $8.80.
  • Silver, $31.61, Down $0.15.
  • Platinum, $1,680.40, Down $3.40.
  • Palladium, $726.80, Down $1.00.

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Disclaimer:

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 3:42:48 PM EST

Metal Bid Ask Change
Gold $1,284.60 $1,286.60 $3.50
Silver $19.38 $19.48 $0.07
Platinum $1,394.80 $1,404.80 $4.50
Palladium $782.60 $787.60 $3.00
4/23/2014 3:42:48 PM EST

Click here for Historical Charts*All Charts are in USD


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