hp-free-shipping-truck Free Shipping On Orders Over $99

Our Daily
Market Reports

Mid-Day Gold & Silver Market Report – 3/4/2014


Precious Metals prices were relatively unchanged in morning trading as investors continue to track the situation in Ukraine. The Gold price is lower overall today because of profit-taking, according to analysts at India’s ICICI Bank. James Steel, chief Precious Metals analyst at HSBC, wrote, “We would argue that physical demand trends in the emerging world will largely define Gold’s price movements this year. China alone is absorbing the equivalent of half the world’s Gold mine production. A possible recovery in Indian demand, should the authorities reduce Gold import tariffs, is potentially supportive.”

With the Ukraine crisis seemingly easing today, U.S. stocks are enjoying a day of gains. Joseph Tanious, global market strategist at J.P. Morgan Asset Management, said, “Heading into the week, there was a lot of anxiety out there about how it might escalate, between Russia and the West, and anytime you have superpowers talking like that, it's going to scare the markets. But we knew in the end, cooler heads would prevail.”

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

  • Gold, $1,339.60, Down $12.70.
  • Silver, $21.23, Down $0.29.
  • Platinum, $1,468.50, Up $5.80.
  • Palladium, $763.10, Up $13.10.

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.


There are no items in the cart.