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Market Reports

Morning Gold & Silver Market Report – 12/13/2013


Gold and Silver prices are slightly higher this morning, benefiting from yesterday’s dip and buying opportunity. Investor focus continues to be on next week’s Federal Open Market Committee meeting, where some expect an announcement on the fate of the Fed’s Quantitative Easing program. VTB Capital analyst Andrey Kryuchenkov doesn’t expect an announcement, but rather something to prepare the markets for the future. He said, “I don't think there'll be any substantial changes to the (Fed) policy or any big surprises. It will probably be a slightly hawkish statement preparing the market for the initial tapering in the first quarter of next year.”

U.S. stock futures are also trading higher in early-morning trading, although all major indexes are poised for a weekly loss. Speculation is growing that a budget deal in Washington, which passed the House Thursday and is expected to pass the Senate next week, could lead the way to a tapering announcement from the Fed. Recent strong economic data and a higher trend for U.S. treasury yields are lending to that speculation as well.

At 9 a.m. (ET), the APMEX Precious Metals spot prices were:

  • Gold, $1,236.20, Up $8.80.
  • Silver, $19.63, Up $0.13.
  • Platinum, $1,371.00, Up $4.60.
  • Palladium, $724.10, Up $3.90.

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.

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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.

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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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