hp-free-shipping-truck Free Shipping On Orders Over $99

Our Daily
Market Reports

Mid-Day Gold & Silver Market Report – 9/3/2013

GOLD CLIMBS ON ISRAELI MISSILE TEST

The Silver price remained positive while the Gold price increased in morning trading. An Israeli missile test seemed to have sparked the move higher in Gold, as investors seek a safe-haven in turbulent times. Many analysts are looking forward to economic data due later in the week. Mitsubishi analyst Jonathan Butler said, “The biggest story is certainly the non-farm payrolls data at the end of the week, where a strong number will certainly weigh on Gold, as this will give more clues about the timing of tapering. We are again seeing some safe-haven buying related to geopolitical concerns after the Israeli missile news but the long-term story is still the macro economic situation and Gold's role as a hedge against that uncertainty.”

The Gold price appears to be heading for its first yearly loss in many years, and one of the big reasons of that is major outflows from exchange-traded funds (ETFs). However, outflows from ETFs were at an all-time high in August, and it wasn’t just Gold. More volatility is likely on tap, according to BlackRock ETP Insights’ Raj Seshadri, who said, “Continued uncertainty around the timing of the Fed’s tapering, the direction of economic data and potential geopolitical conflict is likely to lead to increased volatility for equity and bond markets in September.”

At 2:30 p.m. (ET), the APMEX Precious Metals spot prices were:

  • Gold, $1,414.20, Up $16.10.
  • Silver, $24.40, Up $0.87.
  • Platinum, $1,540.40, Up $12.30.
  • Palladium, $717.80, Down $5.10.

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.

 
COMEX &
NYMEX Markets
Monday-Friday
8:20 a.m.-1:30 p.m. (ET)
Monday-Friday
8:25 a.m.-1:25 p.m. (ET)
Monday-Friday
8:20 a.m.-1:05 p.m. (ET)
Monday-Friday
8:30 a.m.-1:00 p.m. (ET)
CME Globex
World Markets
Monday-Friday
6:00 p.m.-5:00 p.m. (ET)
Monday-Friday
6:00 p.m.-5:00 p.m. (ET)
Monday-Friday
6:00 p.m.-5:00 p.m. (ET)
Monday-Friday
6:00 p.m.-5:00 p.m. (ET)

Disclaimer:
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.

Items In Cart


There are no items in the cart.

AURIC