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Market Reports

Mid-Day Gold & Silver Market Report – 12/27/2013


Precious Metals are mostly flat through mid-day trading.  As the year comes to an end, many investors will be looking at market conditions as they begin to re-evaluate their portfolios heading into 2014.  Ole Hansen, head of commodity strategy at Saxo Bank, said, “December will show a fourth month in a row of negative returns; momentum and trend following investors will not be changing their outlook or positioning unless we see a much stronger move to the upside. Traders will continue to favor selling into rallies until we see a potential break back above the December high” of $1,268 per ounce.

Almost 1.3 million Americans will lose unemployment benefits Saturday, with another 1.9 million set to lose benefits by mid-2014, when funds for the federal emergency benefits program, created during the recession to supplement state-provided benefits, will run out. Sen. Jack Reed, D-R.I., said, “ From a human level, cutting 1.3 million Americans off their lifeline doesn't make any sense and it's not anything we should be doing.” 

At 2:20 p.m. (ET), the APMEX Precious Metals spot prices were:

  • Gold, $1,215.80, Up $1.00.
  • Silver, $20.11, Up $0.13.
  • Platinum, $1,378.60, Up $12.30.
  • Palladium, $712.00, Up $11.30.

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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