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Market Reports

Mid-Day Gold & Silver Market Report – 10/4/2013


Precious Metals continue to trade lower through midday. With the government shutdown stretching into the fourth day, many investors are still trying to figure things out. Sharps Pixley chief executive officer Ross Norman said, “ Explaining what we call the ‘Frankenstein’ economy is kind of tough at the moment when things don’t move entirely as they should.”

The U.S. debt ceiling is beginning to take center stage as the October 17 deadline for Congress to raise the nation’s debt limit approaches.  Democratic minority leader of the House of Representatives Nancy Pelosi said the current situation gives “every appearance of getting dangerously close to the conversation on the debt ceiling.”  A U.S. default could have a catastrophic effect that would be felt around the world.  However, as fiat currencies come and go, Precious Metals continue to have value over time.  

At 1:30 p.m. (ET), the APMEX Precious Metals spot prices were:

  • Gold, $1,311.80, Down $7.80.
  • Silver, $21.77, Down $0.05.
  • Platinum, $1,389.60, Up $17.30.
  • Palladium, $701.90, Up $0.70.

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

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