hp-free-shipping-truck Free Shipping On Orders Over $99

Our Daily
Market Reports

Mid-Day Gold & Silver Market Report – 1/28/2013


Gold is trading flat today following three straight sessions of losses. A stronger dollar and mixed economic data have caused investors to temporarily back-off from the safe-haven appeal of Precious Metals. “There is some confusion in the minds of almost all Gold and Silver traders,” Phil Storer, director of trading at Dillon Gage Inc, said. “A lack of fresh panic news is taking its toll and the metals are resting.” The Federal Reserve’s quantitative easing (QE) has been the main driver of Precious Metals prices in recent years. Investors await news from the Fed over whether or not QE will be necessary to stimulate a lagging economy in the coming years. Further stimulus measures would be expected to boost metals prices once again.

Stocks also remain level following the longest rally on the S&P 500 since 2004 and the highest level since late 2007. Though economic factors indicate mild improvement, analysts still remain guarded before accepting that equities markets are bullish. Regarding the recent upward trend in stock prices, Barry James, president of James Investment Research, was prompted to state, “That is a little bit of a warning sign to us that we could be more in a topping phase than actually a new bull phase. It would take a lot to really convince everyone that happy days are here, and we can just ride this off into the sunset.”

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

  • Gold, $1,655.80, Down $2.80.
  • Silver, $30.83, Down $0.42.
  • Platinum, $1,684.10, Down $30.80.
  • Palladium, $741.00, Down $1.00.

APMEX’s Account Managers now have extended hours Mondays through Thursdays and are here to serve you until 8 p.m. (EST)! Or call us Fridays until 6 p.m. (EST)! 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

World Market Trading Hours

Our spot prices are subject to change during the following hours, excluding holidays. View current spot prices for Gold, Silver, Platinum and Palladium on our Spot Price Charts page.

NYMEX Markets
8:20 a.m.-1:30 p.m. (ET)
8:25 a.m.-1:25 p.m. (ET)
8:20 a.m.-1:05 p.m. (ET)
8:30 a.m.-1:00 p.m. (ET)
CME Globex
World Markets
6:00 p.m.-5:00 p.m. (ET)
6:00 p.m.-5:00 p.m. (ET)
6:00 p.m.-5:00 p.m. (ET)
6:00 p.m.-5:00 p.m. (ET)

APMEX Market Reports provide our readers with a review of spot price activity and some of the factors that may be affecting the market for Precious Metals. 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 Market Reports are not intended as a comprehensive discussion and there may be other factors affecting the financial marketplace. These Market Reports are provided for informational purposes only and do not constitute a recommendation by APMEX to hold, purchase or sell any Precious Metal product. All orders, purchases and sales, if any, are subject to the terms of the User Agreement and other applicable policies.


There are no items in the cart.