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Market Reports

Closing Gold & Silver Market Report –4/14/2014


Gold is trading higher again today as Federal Reserve policy continues to lend momentum to Precious Metals prices.  Weak economic reports coupled with slow tapering of monetary stimulus and higher forecasted borrowing costs may push the yellow metal beyond expectations for the first quarter.  “Gold has been so zeroed in on central bank policy that the release of the minutes made it more likely that the Fed is going to taper much more slowly [than some traders expected,]” Jeffrey Sica, president of Sica Wealth Management, said. “There was such a divergence between what people originally thought the minutes meant.” If economic figures continue to come in lower than anticipated, U.S. central bank policy could continue to put pressure on the dollar and boost Gold and Silver prices. 

U.S. stocks rose sharply to end the day as retail sales data showed its highest climb since 2012.  "We're hopeful that today's upward price action is not confined, but we're also cognizant of continued unrest in that geography [of turmoil in Ukraine]," Jim Russell, senior equity strategist for US Bank Wealth Management, said.  "The markets are watching; it's borderline unforecastable," Russell added.  U.S. investors will continue to closely eye geopolitical developments and domestic economic reports to gain insight into the short-term price trajectories for stocks and Precious Metals alike. 

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

  • Gold, $1,329.50, Up $8.50.
  • Silver, $20.02, Up $0.02.
  • Platinum, $1,466.10, Up $3.50.
  • Palladium, $811.00, Up $3.20.

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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.

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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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