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Market Reports

Closing Gold & Silver Market Report – 6/25/13


As the U.S. markets come to a close today, Gold has added to its losses from yesterday. Gold and other Precious Metals have been searching for some support in the market after the U.S. Federal Reserve pointed toward an exit to their easing program. “Concerns over credit-market conditions in China, rising U.S. bond yields and the uncertain economic outlook are triggering the current wave of selling. In the next few days, the commodity-specific data calendar is rather thin, so prices may find it difficult to stabilize in the absence of fresh impetus. The near-term outlook is challenging,” analysts at Credit Suisse wrote. 

There were new reports released today furthering the idea of a growing economy in the United States. Despite a rise in interest rates, the housing market continues to shine. Sales of new homes increased by more than two percent, which beat forecasted projections. Another sign of a growing U.S. economy is May’s durable goods report. The report shows a rise of more than 3.5 percent, which beat forecast set by economists in the field. The durable goods report has been seen as an indication of future business activity. “This is the missing piece for an upswing in economic activity,” Millan Mulraine, director of U.S. rates research at TD Securities USA LLC, said. “Business capital investment activity is off to a strong showing. If businesses start investing, they’ll add to their workforce.” 

At 5:00 p.m. (EDT), the APMEX Precious Metals spot prices were:

  • Gold, $1278.80, Down $0.70.
  • Silver, $19.67, Up $0.06.
  • Platinum, $1352.20, Up $21.10.
  • Palladium, $666.00, Up $8.40.

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.

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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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