Call Us: 800.375.9006

Free Shipping on Orders Over $99



Our Daily
Market Reports

Morning Gold & Silver Market Report – 7/31/2013


U.S. stock futures are holding on to fractional movements this morning as investors await today’s stack of economic data. Second quarter GDP, private-sector payrolls and the outcome of the U.S. Federal Reserve meeting will add fuel to the fire and move the needle one way or the other. It’s no surprise that investors are cautious after the selloff in May when the Fed commented on the future of quantitative easing. Alpari U.K market analyst Craig Erlam said, “If we get a strong [GDP] figure, we’ll probably see a lot of choppiness as traders try to guess how the Fed will react to it this evening. I’d say there would still be more buyers than sellers on good news, as some people have just accepted that tapering will occur later this year and are solely focused on fundamentals. However, that could all change later if the Fed indicates in any way that tapering will be delayed at all.”

Precious Metals, especially Gold, have felt the shifting winds of change as the Federal Reserve debates the time frame of tapering. The upcoming announcement from the Fed will undoubtedly push prices one way or the other. There seems to be a sentiment with Gold investors that the tapering process will make the yellow metal, which pays no dividend or interest, particularly sensitive to rising interest rates. However, emerging markets account for about three quarters of Precious Metal purchases worldwide. Juan Carlos Artigas, the World Gold Council’s head of investment research, said, “Gold is not only a store of wealth but it is also bought around the world in periods of higher income growth as we have seen in emerging markets.”

At 9:01 a.m. (ET), the APMEX Precious Metals spot prices were:

  • Gold, $1,325.50, Down $0.90.
  • Silver, $19.80, Up $0.03.
  • Platinum, $1,437.40, Down $1.10.
  • Palladium, $733.70, Up $3.60.
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.