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How are the spot prices determined?

Spot prices are determined by supply and demand, which may be impacted by various factors including global economic conditions and political instability. In general, when global economic conditions are weak and political instability is high, Gold and Silver spot prices are higher. This is because investors are buying more Precious Metals to provide themselves with a safe haven asset during times of uncertainty. On the other hand, when global economic conditions are strong, Gold and Silver spot prices tend to be lower.

It gets a little complex, because the largest factor influencing global spot prices of Precious Metals like Gold and Silver are derivative contracts purchased on global commodities exchanges. The largest and most influential is COMEX, headquartered in New York City. The price of Gold and Silver changes 24 hours a day, five days a week, and halts on the weekends.

Keep track of the price of Gold and Silver today with the APMEX app, available on the Apple and Google app stores.

Quick Guides to Investing

Step 1:

Why Buy Physical Gold and Silver?

If you are concerned about the volatility of the stock market, you’re not alone. The extreme highs and lows of the stock market often lead investors towards safe-haven assets, like bullion. Historically, the Precious Metals market has an inverse relationship with the stock market, meaning that when stocks are up, bullion is down and vice versa.

Step 2:

How Much Gold and Silver Should You Have?

This question is one of the most important for investors to answer. After all, experts suggest limits on how much of any types of investments should go into a portfolio. After deciding to purchase and own Precious Metals and considering how much money to allocate, one can then think about how much and what to buy at any point in time.

Step 3:

Which Precious Metals Should I Buy?

With the frequent changes in the market and countless Precious Metal products available, choosing investments can be difficult. Some want Gold or Silver coins, rounds or bars while others want products that are valuable because of their design, mintage or other collectible qualities. Also, collectors may shop for unique sets and individual pieces for their collections.

Step 4:

When to Buy Gold & Silver

After considering why, how much, and what Precious Metals products to buy, an investor’s next step is when to buy them. This decision requires an understanding of market trends and the impact of economic factors on precious metal prices.

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