Call Us: 800.375.9006

Free Shipping on Orders Over $99



Our Daily
Market Reports

Morning Gold & Silver Market Report – 1/24/2014


Gold and Silver prices gained in early morning trading. Economists questioned whether yesterday’s Gold price gain was sustainable due to strong outflows from exchange-traded funds, but the price turned positive overnight. Commerzbank analyst Daniel Briesemann said, “Yesterday Gold's move was down to the very weak U.S. dollar, falling U.S. bond yields and declining equities, while in addition, we had some calls from India to ease import restrictions.”

Stocks are still reeling from disappointing earnings results and yesterday’s report that China’s manufacturing sector signaled a contraction. Naeem Aslam, chief market analyst at AvaTrade, wrote that these are not the only things “rattling traders’ nerves. The Federal Reserve meeting, during which the handcuffs around quantitative easing could be tightened further, is also a concern. We are in a scenario where good news is bad news. The economic data released yesterday in the U.S. also confirmed that the strong growth story is intact, and this has raised the odds for possible action by the Fed during their next meeting.”

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

  • Gold, $1,269.90, Up $5.10.
  • Silver, $20.23, Up $0.17.
  • Platinum, $1,446.00, Down $19.20.
  • Palladium, $743.50, Down $2.40.

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.