Call Us: 800.375.9006

Free Shipping on Orders Over $99



Our Daily
Market Reports

Closing Gold & Silver Market Report – 12/4/2013


Today, Gold made its biggest move in seven weeks as the dollar weakened and technical buying increased.  “We saw gold take off as the dollar began its slide,” FuturePath trader Frank Lesh said. “Also, the strength in commodities continues to support gold and with some support coming in from technical buying.” Since November 20, when the Federal Reserve’s October meeting minutes were released speculation has grown tremendously that the Fed could begin tapering soon.  This factor has had a negative impact on Precious Metals, which is one of the main reasons for price fluctuation among Gold and Silver most recently.

Positive U.S. economic data has been the fuel behind the Fed’s decision to taper its monthly bond buying program with recent manufacturing, technology and housing reports reflecting moderate numbers.  “The data are consistent with an ongoing trend of moderate to sluggish growth,” Nuveen Asset Management chief economist Keith Hembre said. “I don’t expect much difference in the narrative, maybe this will be a little better and that will be a little softer, but the broad picture is one of this slow growth environment.”

At 5:15 p.m. (ET), the APMEX Precious Metals spot prices were:

  • Gold, $1,245.00, Up $21.70.
  • Silver, $19.73, Up $0.61.
  • Platinum, $1,370.60, Up $12.80.
  • Palladium, $728.00, Up $13.20.

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.