Morning Gold & Silver Market Report – 1/3/2011

At 8AM (CT) the APMEX precious metal prices were:

  • Gold price - $1,420.10
  • Silver price - $30.96
  • Platinum price - $1,783.10
  • Palladium price - $802.40

 

COMMENTARY: Although our web site is open 24/7, APMEX did close our offices on Friday, 12/31/2010, to observe the holiday.  Since our Closing Gold & Silver Market Report on Thursday, 12/30/2010, at 4PM (CT), precious metal prices have moved up sharply. Gold is within 1% of its all time high, while silver and palladium hit multi-year peaks.

This recent move is driven by pent up demand and the same old concerns about the euro debt crisis, inflation and the US deficit. Investors should keep an eye on the rhetoric flying back and forth between the Democrats and the Republicans over raising the US Debt limit. The democrats warn of a catastrophe, while the Republicans are insisting on deficit reductions first.

Since last Thursday at 4PM (CT),  Gold spot price is up $15.10 – Silver is up 50 cents - Platinum spot price is up $34.10 – Palladium price is up $14.40

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Disclaimer:

APMEX’s ‘News and Commentaries’ 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.

US Dollar Prices are in USD

Precious Metal Prices
4/17/2014 5:15:48 PM EST

Metal Bid Ask Change
Gold $1,294.60 $1,296.60 ($8.90)
Silver $19.60 $19.70 $0.02
Platinum $1,405.70 $1,415.70 ($22.10)
Palladium $792.10 $797.10 ($6.20)
4/17/2014 5:15:48 PM EST

Click here for Historical Charts*All Charts are in USD


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