Closing Gold & Silver Market Report – 12/26/2013


Precious Metals have continued to trade higher through the afternoon.  Although Gold is on track to end its 13 year streak of rising prices, many believe its price in 2014 will be influenced by the performance of equities markets. Precious Metals expert Jeffrey Nichols, publisher of, said, “Thin trading conditions in Western markets meant that a rebound in physical demand from Asia has helped Gold recover slightly after futures previously dipped below the $1,200 an ounce level.  If equity prices remain firm, it will be negative for Gold, while a sharp correction would be a positive for the yellow metal.”

U.S. Treasury yields climbed to their two year high of 3 percent.  With the Federal Reserve’s recent announcement it will begin to taper its quantitative easing program, investors are beginning to worry about interest rates rising in 2014. Jack Ablin, chief investment officer at BMO Private Bank, said “The question is, can the stock market overcome that head wind, or the battle between accelerating top-line growth and accelerating interest rates.”

At 5:20 p.m. (ET), the APMEX Precious Metals spot prices were:

  • Gold, $1,212.80, Up $7.00.
  • Silver, $19.84, Up $0.30.
  • Platinum, $1,363.30, Up $24.20.
  • Palladium, $700.60, Up $5.20.

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 4:00:27 PM EST

Metal Bid Ask Change
Gold $1,292.70 $1,294.70 $8.10
Silver $19.62 $19.72 $0.22
Platinum $1,403.70 $1,413.70 $9.80
Palladium $797.60 $802.60 $15.70
4/24/2014 4:00:27 PM EST

Click here for Historical Charts*All Charts are in USD

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