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Mid-Day Gold & Silver Market Report – 5/16/2014


Precious Metals are continuing to trade relatively flat through mid-day trading.  U.S. consumer sentiment experiencing a slight dip and provided Gold with a boost, setting the yellow metal up for a modest weekly gain.  In a note Friday, analysts at Commerzbank Commodity Research said, “real interest rates in the U.S., which are below 0.5% for the first time since last July and keep the costs of holding Gold low, should preclude any more pronounced fall in the Gold price.”

Equity markets around the globe moved down Friday as investors continue to be concerned with the future economic growth rate. When asked about his opinion on the market, Phil Orlando, chief equity market strategist at Federated Investors in New York, said, “We're willing to concede that for a host of reasons, these questions about economic growth, all these geopolitical risk issues, whatever, we can absolutely have a 5 or 10 percent correction in the summer.”

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

  • Gold, $1,295.80, Up $0.20.
  • Silver, $19.39, Down $0.15.
  • Platinum, $1,467.00, Down $2.90.
  • Palladium, $816.10, Up $3.00.

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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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