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Closing Gold & Silver Market Report – 3/11/2014


The crisis in Ukraine has boosted Gold for the second straight session as investors seek the yellow metal’s safe-haven position.  As the Ukrainian military began preparatory drills and Russia continues its occupation of the Crimean Peninsula, investors perceive heightening tensions.  “The Ukraine situation is lending support to Gold,” Integrated Brokerage Services LLC head dealer Frank McGhee said. “The fear premium is back because of the developments.”  Both Precious Metals and equities markets are poised to react to ongoing developments in Ukraine. 

Sluggish growth figures from China have weighed on commodities and stocks today, causing the S&P 500 to dip further below its record high last week. Recent Chinese economic reports “triggered a little bit of fear in equities,” Joe Bell, senior equity analyst at Schaeffer’s Investment Research Inc., said.  As poor economic growth in China couples with the drama in Ukraine, investors could be leaning toward the asylum provided by Precious Metals in the near-term.

At 5 p.m. (ET), the APMEX Precious Metals spot prices were:

  • Gold, $1,351.30, Up $7.80.
  • Silver, $20.89, Down $0.05.
  • Platinum, $1,467.50, Down $11.70.
  • Palladium, $769.70, Down $7.20.

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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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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