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

Our Daily
Market Reports

Mid-Day Gold & Silver Market Report – 7/15/2014


Gold and Silver prices began the day slightly upbeat, and remained upbeat during the beginning of Federal Reserve Chairwoman Janet Yellen’s speech to a Senate committee. Yellen expressed that the economic recovery was not complete and the ailing job market and stagnant wages would continue to justify a loose monetary policy. Gold and Silver prices held steady. Then, around 11 am (ET), Yellen gave indications that the bond purchases would stop in October, as expected. This caused the U.S. dollar to rise and Gold and Silver prices to fall. In October, the Fed expects its balance sheet to top out at $4.5 trillion. The stock market also reacted negatively to today’s Fed Chair comments.

The Congressional Budget Office (CBO) came out with a disturbing report today that projects the U.S. debt will eclipse our gross domestic product (GDP) in 25 years. Currently, U.S. public debt runs an alarming 74 percent of GDP, but in 25 years it will be at 106 percent. This is a slightly worse scenario than the CBO projected last September. "Economic growth will be slower in the future than it has been in the past, CBO projects, largely because of a slowdown in the growth of the labor force resulting from the retirement of the Baby Boom generation, declining birth rates and the leveling-off of increases in women's participation in the labor market," the CBO report read. The CBO continues to warn that despite some near-term relief, the federal debt is unsustainable and could lead to another financial crisis.

At 1:05 p.m. (ET), the APMEX Precious Metals spot prices were:

  • Gold, $1,297.80, Down $9.90.
  • Silver, $20.87, Down $0.04.
  • Platinum, $1,485.50, Down $8.50.
  • Palladium, $867.50, Down $5.50.
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.

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

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.


There are no items in the cart.