Weekly Market Reports

Platinum and Palladium Had Good Weeks

“In 9 out of 11 (almost 82% cases) when Palladium rallied for a week on very strong volume, we saw a decline in Gold shortly,” (FX Street). Palladium has shown unprecedented strength and may signal an increase of interest to the public. More Palladium and Platinum are being used in electric cars and new technology, fueling demand in recent months. Both thieves and investors are looking with a keen eye at the Precious Metals. Platinum’s underperformance was a signal it was going to falter further from Gold, but its fluctuation as of late could lead to a large rally, something Platinum hasn’t seen since late 2018.

Gold Drops as Dollar Rises

Another week starts with the U.S-China trade dispute. Even though the Gold price slightly dropped over the weekend, investors are playing it safe and putting their faith in the dollar. A trade pact may not be likely before March 1, but regardless, “the dollar index was at a near seven-week high, potentially denting demand for the metal amongst holders of other currencies,” (Nasdaq). As with the dollar volatility, Gold spot could be highly vulnerable, adding to the chaos. Though Gold has seen some incremental gains over the last few weeks, there is still skepticism on whether or not to trust the metal. The dollar remains strong in the face of strong employment numbers, but the wild card over the next few weeks on what the price of Gold does will depend on how much talk there is between China and the United States.

At 12:30 p.m. (ET), the APMEX Gold and Silver spot prices were:

  • Gold, $1,311.80 Down $5.60
  • Silver, $15.80 Down $0.10
  • Platinum, $792.20 Down $11.30
  • Palladium, $1,392.40 Down $10.80

APMEX’s Account Managers now have extended hours Mondays through Thursdays and are here to serve you until 8 p.m. (ET)! Or call us Fridays until 6 p.m. (ET)! If you have any questions about Precious Metals investing or simply would prefer to place your order by telephone, we are here to help.

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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.

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