Call Us: 800.375.9006

Free Shipping on Orders Over $99



Our Daily
Market Reports

Mid-Day Gold & Silver Market Report – 8/21/2013


Investors eagerly await July’s Federal Open Market Committee (FOMC) minutes today, causing Gold futures to fall slightly ahead the release this afternoon. “There’s some hesitation in the market ahead of the Fed minutes,” David Meger, director of metal trading at Vision Financial Markets, said. “The Fed is teetering on the fence between wanting to do some type of tapering and not wanting to upset the apple cart, so it’s not surprising to see consolidation ahead of the news.” Gold has fallen 18 percent this year with assets inside Gold-backed exchange-traded funds down 26 percent, setting the metal up to end the its 12 year winning streak. Investors will await today’s Fed minutes and forthcoming economic news to see how Precious Metals and equities markets will perform through the end of 2013. 

U.S. stocks are also down today ahead of the Fed minutes, sending the Dow Jones Industrial Average into the red for the sixth straight session. Since its all-time high finish on August 2, the Dow has fallen almost 700 points and now rests below the key psychological level of 15,000. As volume remains low during the summer months, traders and investors are awaiting news that could potentially activate some significant price movement. “The only thing that might prompt some price movement is if policymakers deviate in any way from the previous minutes and give more clarity about the timing and constitution of a possible tapering program,” Michael Hewson, senior market analyst at CMC markets, said.

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

  • Gold, $1,371.40, Down $3.20.
  • Silver, $23.11, Down $0.05.
  • Platinum, $1,521.80, Down $4.70.
  • Palladium, $748.50, Down $2.60.

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.