hp-free-shipping-truck Free Shipping On Orders Over $99

Our Daily
Market Reports

Morning Gold & Silver Market Report – 7/14/2014

PROFIT-TAKING HITS GOLD

Precious Metals prices are falling this morning, with Gold and Silver nearing a two percent drop. With Gold coming off a six-week winning streak, profit-taking is the most likely culprit for today’s drop. Edward Meir of INTL FCStone is still optimistic about the week for Gold, however, as he said, “We were concerned that we were not seeing any follow-through buying to accompany the $40 an ounce spurt higher we saw set in on June 19th. We therefore expect to see a little more upside action this week, with festering geopolitical hotspots providing support.”

U.S. stock futures are pointing toward a positive open for Wall Street. While many investors have worried that the U.S. Federal Reserve would be raising interest rates, recent news has lifted investors’ spirits. A number of big banks in the U.S. are set to post second-quarter declines in earnings. Bank of Tokyo-Mitsubishi’s Lee Hardman explained, “Firstly, there may now be less economic slack than estimated by the Fed arguing in favor of earlier rate hikes. Secondly, the neutral policy rate will also likely be lowered implying that the Fed may need to raise the Fed funds rate by less. The Fed's estimate of the longer-run Fed funds rate has already been lowered to 3.75 percent from 4.00 percent at the end of last year.”

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

  • Gold, $1,313.00, Down $25.50.
  • Silver, $21.00, Down $0.47.
  • Platinum, $1,498.20, Down $16.60.
  • Palladium, $870.50, Down $5.80.
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.

« Return to Commentaries

World Market Trading Hours

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.

 
COMEX &
NYMEX Markets
Monday-Friday
8:20 a.m.-1:30 p.m. (ET)
Monday-Friday
8:25 a.m.-1:25 p.m. (ET)
Monday-Friday
8:20 a.m.-1:05 p.m. (ET)
Monday-Friday
8:30 a.m.-1:00 p.m. (ET)
CME Globex
World Markets
Monday-Friday
6:00 p.m.-5:00 p.m. (ET)
Monday-Friday
6:00 p.m.-5:00 p.m. (ET)
Monday-Friday
6:00 p.m.-5:00 p.m. (ET)
Monday-Friday
6:00 p.m.-5:00 p.m. (ET)

Disclaimer:
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.

Items In Cart


There are no items in the cart.

AURIC