Morning Gold & Silver Market Report – 1/14/2011

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

  • Gold price: $1,365.90
  • Silver price: $28.71
  • Platinum price: $1,814.00
  • Palladium price: $797.50

COMMENTARY: Precious metals are trading down this morning on news of a higher U.S. dollar and optimism that the euro zone debt crisis may soon be over. China is raising its reserve requirement for lenders, which allowed the dollar to rebound against a basket of six other currencies. Since gold carries a negative correlation to the dollar typically, prices are down on that news. However, most analysts agree that the physical demand for gold in Asia will still underpin the precious metal.

Gold gets a lot of attention in the precious metals market, but Marketwatch has a great article that gives five reasons silver may be an even better bet than gold.

Gold spot price is down $22.60 – Silver is down 58 cents – Platinum is down $6.20 – Palladium is down $16.90

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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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