Morning Gold & Silver Market Report – 1/14/2014


Gold and Silver are trading slightly lower in early morning trading, and mostly unchanged after retail sales data was released. Though the data showed a rise in retail sales of 0.2 percent for the month of December, November’s data was revised lower by 0.3 percent and October’s by 0.1 percent. The year-end report showed that retail sales rose by 4.2 percent, which is the slowest pace since the end of the recession.

Friday’s disappointing jobs report is still weighing on the minds of economists with regards to the strength of the U.S. economy. The Gold price has remained near a one-month high since the report, which also caused a dip in stocks. Economists are still unsure about Gold’s immediate future, however. Societe Generale analyst Robin Bhar said that the Gold price has “been very steady, helped by a weaker dollar and the fact that (U.S.) bond yields haven't reached the 3 percent level. It probably all lies on the next [Federal Open Market Committee] meeting to see whether the Fed continues with easing back on the tapering and what the position of members is for future months.”

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

  • Gold, $1,252.10, Down $1.50.
  • Silver, $20.42, Down $0.02.
  • Platinum, $1,435.20, Down $10.70.
  • Palladium, $738.00, Down $2.00.
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
4/17/2014 8:47:35 AM EST

Metal Bid Ask Change
Gold $1,301.90 $1,303.90 ($1.60)
Silver $19.60 $19.70 $0.02
Platinum $1,429.40 $1,439.40 $1.60
Palladium $796.00 $801.00 ($2.30)
4/17/2014 8:47:35 AM EST

Click here for Historical Charts*All Charts are in USD

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