Our Daily
Market Reports

Morning Gold & Silver Market Report – 5/10/2012

DATA ALLOW EURO TO SLIP INTO BACKGROUND  

Gold and Silver prices had recovered from early morning losses, and were hovering close to Wednesday’s closing marks. A slew of data were released this morning. In the United States, jobless claim numbers were slightly above expected levels after revisions to last week’s marks. Also, the U.S.A. trade deficit widened by 14.1 percent in March, with exports again falling well short of imports. American stock futures gave up early gains on the news.

The main factor in the Precious Metals price dip has been the American dollar and its relationship to the euro, which has been bombarded with bad news out of Greece, Spain, Germany and France over the past week. Although there still is caution regarding Greece, investors are cautiously optimistic about Spain, which helped the euro take back some ground against the dollar. That country took over one of its biggest banks so as to ease anxiety.

News out of China also troubled many investors, as imports and exports were both down in April. Jiang Chao of Guotai Junan Securities said, “We had expected China’s export growth to reach a trough by the end of the second quarter, but now I think we will have to revise down our trade forecast for the full year.”

At 9 a.m. (EDT), the APMEX Precious Metals spot prices were:

  • Gold – $1,593.30 – Down $1.90.
  • Silver - $29.23 – Down $0.06.
  • Platinum - $1,492.00 – Down $8.20.
  • Palladium - $621.00 – Up $6.40.

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:

 
Gold
Silver
Platinum
Palladium
CONMEX &
NYMEX Markets
Monday-Friday
8:20AM-1:30PM
Monday-Friday
8:25AM-1:25PM
Monday-Friday
8:20AM-1:05PM
Monday-Friday
8:30AM-1:00PM
CME Globex
World Markets
Monday-Friday
6:00AM-5:15PM
Monday-Friday
6:00AM-5:15PM
Monday-Friday
6:00AM-5:15PM
Monday-Friday
6:00AM-5:15PM

Disclaimer:
APMEX’s ‘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, three times during the trading day. 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 "News and Commentaries" are not intended as a comprehensive discussion and there may be other factors that may be affecting the financial marketplace. These "News and Commentaries" are provided for informational purposes only and do not constitute a recommendation by APMEX to hold, to purchase or to sell any precious metal product. All orders, all purchases and all sales, if any, are subject to the terms of the User Agreement and other applicable policies.

Back To Top

Items In Cart


There are no items in the cart.

AURIC