Mid-Day Gold & Silver Market Report – 11/20/2013


The Gold price has slipped once again as investors await the release of the minutes from October’s Federal Open Market Committee meeting.  With expectations for tapering initially projected to commence back in September, new expectations for a preliminary reduction in stimulus measures have been pushed back as far as mid-2014.  The delay was initially helpful in giving a mild boost to Gold, but recent taper rumors have caused another pull back.  

Stocks are up slightly today as the European Central Bank announced that it is considering a small cut in the deposit rate in efforts to boost a lagging economy.  “Both the Fed and the ECB have got investors’ backs right now,” Michael Mullaney, Boston-based chief investment officer for Fiduciary Trust Co., said. “You would think this would be part of the global risk-on trade.”  Investors will continue to weigh economic data and Federal Reserve policy to gauge the future of both Precious Metals and equities markets. 

At 1:17 p.m. (ET), the APMEX Precious Metals spot prices were:

  • Gold, $1,261.50, Down $14.50.
  • Silver, $20.15, Down $0.25.
  • Platinum, $1,400.30, Down $20.60.
  • Palladium, $716.80, Down $6.70.

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.

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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
4/24/2014 9:07:58 AM EST

Metal Bid Ask Change
Gold $1,275.20 $1,277.20 ($9.40)
Silver $19.21 $19.31 ($0.18)
Platinum $1,385.10 $1,395.10 ($8.80)
Palladium $782.50 $787.50 $0.50
4/24/2014 9:07:58 AM EST

Click here for Historical Charts*All Charts are in USD

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