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How the Equity Market is Impacting Gold

As further movements in the Gold price are currently unclear, investors seem to be in a fix. Market Realist Reporter Meera Shawn said, “The world famous and widely used SPDR Gold Shares ETF has risen approximately 11 percent in 2017 so far.” With equity markets as a crucial part of the overall economy, the changes in Precious Metals over the past few months have been subjected to the U.S. dollar along with the performances of other risky assets. Shawn says, “The higher the returns from the equity market, the higher the predicted risk appetite and the lower the demand for risk assurance.” Being a safe-haven asset, Gold’s demand typically rises during uncertainty. Looking back to 2008, Shawn said, “…investors started swiftly transferring their money from equities to Precious Metals. After that, Gold reached an all-time high.”

Silver Prices Tread Water amid Renewed Dollar Strength

"Silver prices held within a narrow range on Wednesday, as the U.S. dollar strengthened for an eleventh consecutive session against a basket of other major currencies,” Economic Calendar’s Sam Bourgi said. "The gray metal has traded within a narrow range this week, as risk appetite and a stronger dollar kept demand for Precious Metals relatively subdued.” Stronger dollar demand provided some resistance to Precious Metals. Bourgi said, “The dollar index rose for an eleventh straight day, climbing 0.2 percent to 101.41. That was the highest settlement in over a month.” Federal Reserve Chair Janet Yellen told lawmakers Tuesday it would be “unwise” to keep interest rates too low. She is scheduled to testify before the House Financial Services Committee Wednesday.

Global Stock Markets: The Financial Comeback Kid

Investors have been disappointed by global stock markets for so long that most have simply stopped looking outside the U.S. overall. However, Nicholas Vardy with Seeking Alpha, says, “it's precisely at the point of capitulation - when all investors have thrown in the towel - that stock markets bottom and tend to enter into a stealth bull market.” And although 2017 is just getting started, Vardy feels this might be the year global stocks finally make a comeback.

  • Emerging markets are outperforming the S&P 500's Trump-fueled gain of 3.99 percent by over 2 to 1.
  • This year already, nine out of 47 global stock markets I track are up by at least double-digit percentages.

At 2:33 p.m. (ET), the APMEX Precious Metals spot prices were:

  • Gold, $1,233.90 Up $7.20
  • Silver, $18.03 Up $0.05
  • Platinum, $1,008.60 Up $7.4
  • Palladium, $791.10 Up $8.30

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.

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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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