Closing Gold & Silver Market Report – 11/14/2013


Precious Metals finished the day still climbing after Federal Reserve Chairman nominee Janet Yellen’s Senate testimony Thursday.  When asked about Yellen’s comments, EverBank Wealth Management senior market strategist Chris Gaffney said she “sounded awfully dovish and did not give any indication that she’s ready to pull back on the amount of bond buying that the [U.S. Federal Reserve is] doing. “  This could provide a boost to Gold’s safe haven appeal as the continuation of the Fed’s bond buying program could potentially have a negative effect on the U.S. dollar.

There was a rise in global equity markets today on reaction to Janet Yellen’s comments to the Senate committee. CRT Capital senior government bond strategist Ian Lyngen said that “as her comments have rolled in the market has found a little bit of stability and stocks rallied” after an initial bearish reaction.

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

  • Gold, $1,288.80, Up $18.40.
  • Silver, $20.81, Up $0.31.
  • Platinum, $1,447.80, Up $14.80.
  • Palladium, $740.30, Up $3.30.

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


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
4/20/2014 10:03:17 PM EST

Metal Bid Ask Change
Gold $1,283.80 $1,285.80 ($10.20)
Silver $19.20 $19.30 ($0.34)
Platinum $1,400.90 $1,410.90 ($17.80)
Palladium $789.60 $794.60 ($13.50)
4/20/2014 10:03:17 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...