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Morning Gold & Silver Market Report – 2/8/2013


Precious Metals prices are relatively flat this morning, following the euro’s lead, as has been the case recently. The Platinum price, however, seems to be getting more attention from analysts. Strategists at Commerzbank said, “Given the concerns about further production losses in South Africa, we expect Platinum to continue its advance and maintain its lead over Gold.” Gold isn’t completely under the radar, however, as the majority of voters in a recent CNBC poll showed that they were still buying the yellow metal.

Good news for the economy was released this morning in a report showing that the U.S. economy did better than initially estimated in the fourth quarter. The trade deficit narrowed to $38.5 billion, beating estimates of $46 billion. One focal point in the trade deficit, however, has been China. The U.S. trade deficit with China actually grew, though the numbers still showed that both imports from and exports to China are at record highs.

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

  • Gold, $1,667.90, Down $3.90.
  • Silver, $31.44, Down $0.01.
  • Platinum, $1,716.90, Down $5.40.
  • Palladium, $747.40, Down $4.10.

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.

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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.

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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.


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