Call Us: 800.375.9006

Free Shipping on Orders Over $99



Our Daily
Market Reports

Morning Gold & Silver Market Report – 6/14/2013


The Gold price rose in early-morning trading after a late report by the Wall Street Journal Thursday suggested that the Federal Reserve isn’t ready to end quantitative easing (QE).  The report states that Fed Chairman Ben Bernanke will say that QE tapering doesn’t necessarily mean the end of QE.  The QE program was only part of the ultra-loose monetary policy enacted by the Fed, with near-zero interest rates also very supportive of the Gold price.  AMP Capital’s Shane Oliver wrote, “The Fed will only start to slow and then unwind its stimulus programs when it’s completely comfortable that the economic recovery is self-sustaining.  [Bernanke will also likely stress that] interest rate hikes are still a long way away.”

U.S. stock futures are trading lower after the release of the Producer Price Index, which showed a larger-than-expected jump in prices.  Investors continue to analyze economic data released throughout the week for clues on the Fed’s next move.  Scott Redler of said, “I think the Fed watches the stock market more than many believe, and I think the reaction of the stock market is more important to them than they let on.  I don’t think that they are technical analysts, but I do think that if we continue to hold the 50-day [average, in stocks,] over the next few weeks and resume the uptrend, they could start tapering in the September meeting, perhaps from $85 billion down to $50-60 billion.”

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

  • Gold, $1,389.30, Up $9.50.
  • Silver, $22.29, Up $0.59.
  • Platinum, $1,450.90, Up $2.30.
  • Palladium, $728.00, Down $3.00.

APMEX’s Account Managers now have extended hours Mondays through Thursdays and are here to serve you until 7 p.m. (CDT)! Or call us Fridays until 5 p.m. (CDT)! 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.

 (0)

There are no items in the cart.