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Mid-Day Gold & Silver Market Report – 5/14/2014


Precious Metals prices have continued to pullback through mid-day trading giving back some of the gains from the previous day. The combination of a rise in consumer inflation prices and a drop in U.S. jobless claims have pressured Precious Metals, while triggering a shift in investor sentiment to riskier assets. Naeem Aslam, chief market analyst at AvaTrade, said, “Traders are punishing gold on the back of this data as it shows an improvement in the economic growth.

U.S. stocks are on the decline today and under heavy selling pressure, continuing to fall from previous all-time highs.  Art Cashin, director of floor operations at UBS Financial Services said, “Volume is at its lightest of the year.  We like to say 'volume is validity,' but that's not always true. A ship can sink in a quiet sea. That probably is a bit more ominous if we continue to go down as we have in light volume because it becomes evident that it's not heavy selling.”

At 1:01 p.m. (ET), the APMEX Precious Metals spot prices were:

  • Gold, $1,297.70, Down $10.20.
  • Silver, $19.56, Down $0.27.
  • Platinum, $1,467.60, Down $17.80.
  • Palladium, $813.40, Down $16.40.

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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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