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Market Reports

Morning Gold & Silver Market Report –6/24/2014


Precious Metals are showing signs of strength and are moving up during early morning trading.  As investors continue to watch the developing geopolitical situation in Iraq and await upcoming housing data and consumer confidence reports, some feel a lack of volatility is keeping the metals from taking off.  Heinz-Gerd Sonnenschein, a strategist at Deutsche Postbank AG in Bonn, Germany, said, “With the market close to all-time highs, it’s getting harder and harder to move higher, and investors will want to lock in some profits now. It makes sense to take a breather with high valuations, tension in Iraq, and people still waiting to see whether economic growth and U.S. companies have recovered from a weak first quarter. There may be a bit more nervousness, but markets have been quite stable and volatility remains very low.”

European stocks began to fall Tuesday as a recent survey showed a lack of business morale. Francois Savary, chief investment officer at Swiss bank Reyl, said, “You are seeing economic statistics in Europe that are disappointing. There is nothing major, but it is time for a period of some consolidation on the markets.”

At 9:05 a.m. (ET), the APMEX Precious Metals spot prices were:

  • Gold, $1,323.20, Up $2.80.
  • Silver, $21.02, Up $0.05.
  • Platinum, $1,473.10, Up $14.50.
  • Palladium, $829.00, Up $6.40.

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.

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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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