Our Daily
Market Reports

Morning Gold & Silver Market Report – 1/4/2011

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

  • Gold price - $1,396.40
  • Silver price - $30.27
  • Platinum price - $1,755.30
  • Palladium price -$785.00

 

COMMENTARY:  Although not supported by any significant news (Lindsey Lohan was released from jail?), the stock market exuberantly celebrated the first day of trading in the New Year. It is set for a fast start today as well.

Precious metals prices are down this morning. With stocks futures pointing high, many investors are likely profit-taking on gold to move a portion of their money to stocks thanks to a higher risk appetite. Also, the dollar is holding to gains versus the yen. However, Reuters warns that the euro zone debt crisis, inflation in developing economies, and the increased focus on the U.S. deficit suggest that investment demand for gold will still remain high.

Gold spot price is currently down $27.50 – Silver price is down 88 cents – Platinum price is down $26.80 – Palladium spot price is down $16.40

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Our spot prices are subject to change during the following hours, excluding holidays:

 
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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.

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