Call Us: 800.375.9006

Free Shipping on Orders Over $99



Our Daily
Market Reports

Closing Gold & Silver Market Report – 7/24/2014


Gold came under pressure today as signs of global economic improvement temporarily quelled demand for the yellow metal.  Strong data out of China coupled with news that U.S. jobless claims plunged to their lowest level since early 2006 to suppress metals prices and boost equities markets.  Geopolitical tension has been the central motivator of higher Precious Metals prices this year.  Conflict in Ukraine and now Iraq and the Gaza strip have helped buoy the Gold price as economic factors are largely working against higher metals prices. 

The S&P 500 has realized a new record high today and Gold and Silver have fallen as a result.  However, physical purchase of Gold bars in India could boost long-term prices for the metal.  A report from the Gems and Jewelry Export Promotion Council shows a sharp rise of 28.43% on Gold bar imports for the month of June 2014.  Even with strong physical buying in India, China was able to surpass the nation in 2013 as the world’s number one importer of Gold bullion. 

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

  • Gold, $1,295.00 Down $10.70
  • Silver, $20.43 Down $0.57
  • Platinum, $1,472.60 Down $15.10
  • Palladium, $873.00 Down $2.30

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.

 (0)

There are no items in the cart.