Call Us: 800.375.9006

Free Shipping on Orders Over $99



Our Daily
Market Reports

Mid-Day Gold & Silver Market Report – 3/21/2014


Precious Metals are continuing to trade mostly higher through mid-day trading.  However, even with today’s price increase, Gold is set for its biggest weekly pullback in nearly four months.  Jonathan Citrin, founder and executive chairman of CitrinGroup said, “Gold has had an interesting ride as it pinballs between Crimea fears and Fed expectations.  On the week, [Fed] Chairwoman Janet Yellen’s press conference pushed speculators away from the precious metal as anticipation of nearer-term rising rates became more commonplace.”  He then went on to say Gold, “has exemplified an increase in fluctuation due to investor emotion as exchange-traded funds allow for easier access; with a now nonexistent barrier to entry, the metal ebbs and flows with great urgency — this week finding itself stuck in an emotional tug of war between [Russian President Vladimir] Putin and [the Fed’s] Yellen.”

The U.S. dollars three day rally hit a wall Friday as the euro has gained strength. Manuel Oliveri, FX strategist at Credit Agricole said, “There is a reassessment of Fed rate hike expectations that is taking place which is keeping the dollar pegged back. The euro, on the other hand, is being supported by inflows into European stocks, and together with the current account situation, we should see a bit of upside in the euro.”  This could potentially provide a boost to Gold which historically has had a positive relationship with the euro.

At 1:42 p.m. (ET), the APMEX Precious Metals spot prices were:

  • Gold, $1,338.20, Up $5.70.
  • Silver, $20.34, Down $0.13.
  • Platinum, $1,437.30, Up $0.50.
  • Palladium, $789.70, Up $18.10.
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.

 (0)

There are no items in the cart.