Call Us: 800.375.9006

Free Shipping on Orders Over $99



Our Daily
Market Reports

Morning Gold & Silver Market Report – 8/19/2013


Precious Metals prices are trading flat this morning following a week that saw substantial gains for Gold and Silver due to monetary policy concerns, technical buying and further inflows to bullion-backed ETFs. The Gold price has jumped 8 percent over the last nine sessions while Silver had its strongest week since September 2008, rising roughly 13 percent. This week, many investors will be closely scrutinizing the release of the Fed minutes from July’s policy meeting to gain further insight into possible plans for the future of quantitative easing (QE). “Our economists expect the minutes to reveal that the committee members viewed the improvement in labour markets and reduced downside risk as sufficient to signal that should the current trends continue, many on the committee stand ready to reduce the pace of asset purchases in September,” Barclays said in a note.

U.S. stock futures are also trading at even levels on Monday following last week’s hefty sell-off. Tapering continues to cause anxiety among investors, causing the Dow Jones Industrial Average to rack up its largest weekly loss of 2013 by end of trading Friday. “The tapering story has caused some notable damage to markets even if risk assets have recovered from the June lows and overall volatility remains subdued,” Anthony Ip, strategist at Deutsche Bank, said. A majority of analysts believe the reduced stimulus measures will commence in September. Steen Jakobsen, chief economist at Saxo Bank, estimates cut backs of $20 billion per month. Traders and investors will anxiously await any tapering news to see its possible short-term impact on equities and Precious Metals markets alike.

At 8:21 a.m. (ET), the APMEX Precious Metals spot prices were:

  • Gold, $1,372.80, Down $0.10.
  • Silver, $23.32, Down $0.09.
  • Platinum, $1,516.00, Down $12.60.
  • Palladium, $756.90, Down $7.70.

APMEX’s Account Managers now have extended hours Mondays through Thursdays and are here to serve you until 8 p.m. (EDT)! Or call us Fridays until 6 p.m. (EDT)! 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.