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Market Reports

Mid-Day Gold & Silver Market Report – 1/15/2014


The Gold price is down from a one-month high today as ongoing speculation surrounding a reduction in Fed stimulus measures strengthens the dollar and weighs on Precious Metals.  “Gold is under pressure because of the good economic recovery outlook,” Frank Lesh, a trader at FuturePath Trading, said.  “The dollar strength is working against prices.”  A poor non-farm payroll report coupled with physical buying of Gold and Silver has been instrumental in lifting prices in the last week.  However, sinking near-term inflationary concerns and a booming stock rally have caused short-term metals investors to temporarily suspend their demand for Gold.  Even with today’s minor retreat, the yellow metal appears to be range-bound as global economic news has yet to be jarring enough to rattle prices from their current levels. 

Strong domestic manufacturing data and upbeat corporate earnings figures assisted in driving U.S. stocks today as the S&P 500 reached a new record high.  "For those suggesting the market 'needs' earnings growth or something along those lines, we'd point out that is exactly what is occurring," Dan Greenhaus, chief strategist at BTIG, said.  Greenhaus and other experts expect the release of fourth quarter earnings numbers to come in more than 20 percent higher than from the prior year.  As metals investors await the impact of further quantitative easing reductions on Gold and Silver, equities investors wonder if the market momentum from 2013 can continue through 2014. 

At 1:12 p.m. (ET), the APMEX Precious Metals spot prices were:

  • Gold, $1,241.60, Down $6.30.
  • Silver, $20.21, Down $0.13.
  • Platinum, $1,430.90, Down $4.90.
  • Palladium, $744.00, Up $5.10.

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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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