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

Our Daily
Market Reports

Closing Gold & Silver Market Report – 3/19/2014


Precious Metals are under pressure today following U.S. Federal Reserve Chairwoman Janet Yellen’s statement that interest rates will remain low after the U.S. economy stabilizes.  The Fed had previously announced interest rates would increase once the job market recovered to a rate of 6.5 percent and inflation rose to a targeted point, so this news threw the market into a frenzy.  Over the past couple of weeks, geopolitical tension has played a major role in supporting Precious Metals prices, primarily Gold, and as tensions in Ukraine have slowly eased, prices have been affected. "Gold's appeal as an inflation hedge is not as strong after the Fed's moves. It was already down on the reduction in geopolitical risk, so the combination of the two is pretty powerful," said James Steel, chief Precious Metals analyst at HSBC.

Today was Fed Chairwoman Janet Yellen’s first press conference in which she declared the federal funds rate would be different than previously forecast.  Interest rates are now expected to increase to 2.25 percent by the end of 2016 instead of the formerly stated 1.75 percent. The first rate hike will occur within six months of the Fed’s bond-buying program ending.  The Fed recognizes the current condition of the U.S. economy and that it is not at the desired level of growth and stability. “They took out any numerical thresholds and are basically going to look at everything,” PNC Financial Services chief economist Stuart Hoffman said. “They are no longer going to draw any numerical lines in the sand.”

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

  • Gold, $1,332.40, Down $28.60.
  • Silver, $20.65, Down $0.24.
  • Platinum, $1,449.40, Down $14.30.
  • Palladium, $763.80, Down $7.60.

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.