Our Daily
Market Reports

Closing Gold and Silver Market Report – 01/13/2011

At 4 PM (CT) the APMEX precious metal prices were:

  • Gold price: $1374.40
  • Silver price: $28.74
  • Platinum price: $1803.60
  • Palladium price: $808.50

COMMENTARY: The stock market is down for the day amid news of unemployment claims rising after the holiday vacation and large developer Merck halting some of their studies having an adverse affect on the market as well. Italy and Spain, both having looked to ease the concern over their own debt fears, as well as an improved economic outlook from U.S. Federal Reserve Chairman Ben Bernanke looks to have hindered the price of gold for the day. However, platinum and palladium were bolstered by investment demand and a higher auto industry demand, palladium in particular hitting its highest price point since March of 2001.

Gold spot price is down $12.90 – silver is down 84 cents – platinum spot price is up $3.50 – palladium is up 80 cents

With palladium hitting its highest price point, from an investment perspective a couple of items you may want to consider for your portfolio diversification include Pamp Suisse Palladium Bars or Palladium Canadian Maple Leafs.

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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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