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Market Reports

Closing Gold & Silver Market Report – 6/26/2014


The Gold price fell slightly Thursday as positive U.S. employment figures removed the yellow metal from its two-month high.  Gold has risen 4 percent since last Thursday.  Much of the advance is due to large scale short-covering by speculators buying back their bearish positions.  Despite the recent rally, U.S. economic news remains consistently upbeat and new holdings among Gold ETFs have failed to expand.  With U.S. equities hovering close to all-time highs, geopolitical turmoil presently remains the sole influence for higher Precious Metals prices.  Investors will continue to eye foreign developments as well as domestic economics to gain perspective on approaching market movements. 

U.S. equities finished the day moderately lower as speculation that higher interest rates could approach sooner than expected.  Even with a string of losing sessions this week, U.S. stocks continue to break records fairly consistently.   With low levels of worldwide inflation, steady economic growth and short-term interest rates near zero, investors continue to be reassured about continued gains among their stock holdings.  However, geopolitical crises continue to pressure bullish bets.  Gold and Silver have historically performed well in times of uncertainty.  

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

  • Gold, $1,319.20, Down $5.40.
  • Silver, $21.17, Down $0.01.
  • Platinum, $1,474.00, Down $1.30.
  • Palladium, $836.40, Up $3.10.

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.

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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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