Closing Gold & Silver Market Report – 2/25/2013


Gold received a boost today after worried investors watched Italy's election with uncertainty of who might be next in power over the Italian government. “Gold had a 'near-term bottom-out' here. We had a steep selloff in the last few weeks,” said Ron Florance, managing director of investment strategy at Wells Fargo Private Bank. “We think there is a near-term opportunity for a bounce up," Florance said. The new focal point for the yellow metal will be Federal Reserve Chairman Ben Bernanke, who is set to deliver his semiannual testimony on monetary policy to the Senate Banking Committee tomorrow.

U.S. economic data heavily affects the price of Gold as investors experienced most of last week. Julien Garren explains in a note how the data influences commodity prices such as Precious Metals and shares her bullish outlook for Gold. “A recovery that led to strong job gains and an unexpected rise in inflation would likely force the Fed to end QE, and that would be very bearish for commodities. However, given the Fed voters’ highly dovish bias, we expect them to continue printing into 3Q13 when we in commodity strategy, in contrast to our economists, expect global growth to lose momentum. That sets up a major Gold rally in Q3,” Garren says.

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

  • Gold, $1,594.30, Up $20.00.
  • Silver, $29.01, Up $0.48.
  • Platinum, $1,605.40, Down $3.00.
  • Palladium, $736.70, Up $0.20.

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 8:46:44 PM EST

Metal Bid Ask Change
Gold $1,292.80 $1,294.80 $2.20
Silver $19.63 $19.73 ($0.02)
Platinum $1,405.20 $1,415.20 $5.60
Palladium $796.90 $801.90 ($1.40)
4/24/2014 8:46:44 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...