Morning Gold & Silver Market Report – 1/21/2014

TAPERING SPECULATION HAS DOLLAR UP, GOLD DOWN

Gold is trading around one percent lower and Silver is trading more than two percent lower in early-morning trading as investors speculate whether the Federal Reserve will further taper its quantitative easing program next week. A second round of tapering could see the Fed’s bond-buying program cut by $10 billion to $65 billion per month. The dollar rose on this speculation, making way for Gold’s dip.

MarketWatch’s Jeff Reeves wrote about three risks that could crash the stock market this year. The first is disappointing jobs numbers. Reeves wrote that December’s disappointing report (released at the beginning of this month) was an outlier due to the bad weather, but “of course, the second option is that December’s jobs numbers weren’t a fluke… Friday, Feb. 7 [is] going to be a big day for the markets when January jobs data hits.” The second risk is bad earnings. “Profit margins have been at record highs and haven’t cracked, so why would they this earnings season? Or the next? That’s the million-dollar question, and a huge risk to watch.” A lending drought is also a large concern for the markets. “If reports continue to show slowing lending in the U.S. and around the world, it could get painful for investors.”

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

  • Gold, $1,241.10, Down $13.30.
  • Silver, $19.83, Down $0.52.
  • Platinum, $1,447.10, Down $9.00.
  • Palladium, $743.80, Down $4.80.

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

Disclaimer:

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
4/16/2014 6:11:29 PM EST

Metal Bid Ask Change
Gold $1,302.40 $1,304.40 ($1.10)
Silver $19.60 $19.70 $0.02
Platinum $1,426.50 $1,436.50 ($1.30)
Palladium $800.00 $805.00 $1.70
4/16/2014 6:11:29 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...