Morning Gold & Silver Market Report – 1/22/2014


Gold and Silver prices are mostly flat in early morning trading.  Precious Metals are under heavy pressure from a booming stock market, quantitative easing tapering speculation, and a greater global economic recovery.  The International Monetary Fund has raised its global growth forecast for the first time since 2012, prompted by advanced nations beginning to take over in growth from emerging nations.

U.S. stock futures are pointing to a lower open for Wall Street, though major stock indexes are outperforming expectations so far this year in the face of adversity.  Dan Greenhaus, chief strategist with BTIG, said, “Despite calls for a 20% correction in the face of a taper announcement and yet more calls for a correction in the face of a less-than-stellar start to earnings season, the S&P 500 is basically flat for the year…” 

At 9:12 a.m. (ET), the APMEX Precious Metals spot prices were:

  • Gold, $1,243.10, Down $1.20.
  • Silver, $19.92, Even.
  • Platinum, $1,462.00, Up $6.50.
  • Palladium, $748.30, Up $0.20.

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
4/17/2014 5:15:48 PM EST

Metal Bid Ask Change
Gold $1,294.60 $1,296.60 ($8.90)
Silver $19.60 $19.70 $0.02
Platinum $1,405.70 $1,415.70 ($22.10)
Palladium $792.10 $797.10 ($6.20)
4/17/2014 5:15:48 PM EST

Click here for Historical Charts*All Charts are in USD

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