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Market Reports

Mid-Day Gold & Silver Market Report – 2/17/2014


Gold continues to claw its way upward as a weaker dollar has helped lift the yellow metal to its highest level in over three months.  Gold began rallying toward the end of January as emerging market concerns caused fearful investors to seek asylum in Precious Metals.  As equities rebound, a softer U.S. dollar seems the only traditional factor in motivating the Gold price.  "The question is how much further it can run … it could be pushed towards the mid-$1,400 [per ounce],” Sean Corrigan, chief investment officer at Diapason Commodities Management, said.  Gold has experienced several consecutive sessions of gains and investors will wait to see if the momentum can continue and reverse the bearish trend.

Global stocks are higher today, extending for the longest string of gains since 2010.  Chinese financing figures climbed, lending optimism about the nation’s future prospects and helping to lift equities.  “The money and credit data have reinforced the sense that China’s not on the verge of collapsing and that’s always a positive,” Tim Condon, head of Asian research at ING Groep NV, said.

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

  • Gold, $1,330.80, Up $10.20.
  • Silver, $21.88, Up $0.40.
  • Platinum, $1,434.50, Up $2.40.
  • Palladium, $742.50, Up $4.00.

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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