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Our Daily
Market Reports

Mid-Day Gold & Silver Market Report – 7/1/2013


The Gold price added to gains in morning trading, continuing its recovery from June’s losses. iiTrader founder and CEO Rich Ilczyszyn told CNBC that “a close above $1,254.30 will signal a consolidation higher. Furthermore, a close above $1,275 will be needed to signal a slight reversal, and a likely trade up to $1,323.” According to Ilczyszyn, if the price can hold above the resistance level of $1,242.60, further increases could be ahead.

U.S. stocks have also advanced this morning, helped by strong economic data. John Roscoe of Roosevelt Investment Group Inc. said, “We’re in a period where good news is likely to be received well by the market. The stock market has already mostly digested the fact that rates are going to be higher. If we get confirmatory data, all else equal, it should imply better things for companies.” With low volumes due to the Independence Day holiday, high volatility is expected throughout the week.

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

  • Gold, $1,259.80, Up $34.10.
  • Silver, $19.81, Up $0.25.
  • Platinum, $1,380.30, Up $40.40.
  • Palladium, $686.70, Up $26.00.

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.

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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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