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

Our Daily
Market Reports

Closing Gold & Silver Market Report – 3/17/2014


Precious Metals pulled back slightly today after confirmation that Crimea voted to break away from Ukraine and Western sanctions. Today, President Barack Obama executed sanctions on 11 Russians and Ukrainians, while European Union foreign ministers have reached an agreement to enforce both travel bans and asset freezes on 21 officials from both countries. The U.S. has warned that additional sanctions would be put into place if Russia continues to invade Crimea. Geopolitical tension has supported Gold’s safe-haven appeal, providing a 15 percent increase this year, including the largest quarterly gain in 27 years.

According to a Bloomberg News survey, many economists believe the U.S. Federal Reserve will change their measures on determining whether to raise the main interest rate from near zero.  Currently, the Fed has put the majority of the focus on the unemployment rate, which needs to meet 6.5 percent to show a growing economy. The next Federal Open Market Committee meeting is March 19, at which time the Fed is expected to announce either a change or continued tapering of their monthly fiscal policy. “[Federal Reserve Bank of New York President William] Dudley seemed pretty clear it’s time to abandon the 6.5 percent unemployment rate, and it makes sense to do it before their backs are up to the wall” should the jobless rate fall further, Pierpont Securities LLC chief economist Stephen Stanley said. “They’ve laid down enough clues to tell me that they’re ready to make the change.”

At 5:15 p.m. (ET), the APMEX Precious Metals spot prices were:

  • Gold, $1,369.30, Down $11.70.
  • Silver, $21.22, Down $0.22.
  • Platinum, $1,467.50, Down $4.10.
  • Palladium, $773.30, Up $0.10.

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.