Call Us: 800.375.9006

Free Shipping on Orders Over $99



Our Daily
Market Reports

Closing Gold & Silver Market Report – 7/28/2014


Gold is trading flat today as investors weigh geopolitical turmoil and await the Federal Reserve’s monthly policy meeting later this week.  Though there are pervasive expectations for another $10 billion reduction in stimulus measures, most investors are anxiously awaiting news on the future of U.S. interest rates. In his latest analysis, Mitsubishi Precious Metals strategist Jonathan Butler said, "The Fed is likely to sound another cautious note on interest rates at [Wednesday's] meeting, but any signs of an early rate tightening will be seized on by Gold bears."  As violence continues to erupt between Hamas and Israel, there remains upward pressure on Precious Metals as Gold and Silver have both traditionally benefited from times of geopolitical unrest. 

U.S. stocks are also relatively flat today as equities investors also await the conclusion of the Fed meeting.  “The market has been very benign,” Pioneer Investments investment strategist Sam Wardwell said. “You got a little bit [of]geopolitical fear out there. We’re still on track and as long as wars in the rest of the world don’t upset the upper card, the second half of this year continues to look like it’s going to be a gradually improving year.”  The stock market has been on a tear in 2014 with the S&P 500 reaching another all-time high at the end of last week.  Many traders and investors will likely stay sidelined this week until the conclusion of the Fed meeting gives a clearer picture for the near-term future of Gold and equities. 

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

  • Gold, $1,304.80 Up $0.50
  • Silver, $20.62 Down $0.02
  • Platinum, $1,493.00 Up $13.40
  • Palladium, $881.90 Up $1.10

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.

« 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.