Our Daily
Market Reports

Mid-Day Gold & Silver Market Report – 1/18/2011

At 1 PM (CT) the APMEX precious metal prices were:

  • Gold price: $1368.20
  • Silver price: $28.93
  • Platinum price: $1826.00
  • Palladium price: $810.80

COMMENTARY: The U.S. Dollar continues to decline against the euro based on improved German business confidence. Gold climbed on the continued uncertainty over the dollar’s decline, Asian physical demand of gold and continued uncertainty over European sovereign debt concerns. The American economic forecasts are tightly tied in to housing market data, as well as jobless benefits. Joel Naroff, president of Naroff Economic Advisers even said 2011 will be a “transition year” for housing. All this news and uncertainty is pushing the safe haven appeal of gold as prices are up for the day.

Gold spot price is up $6.20 – Silver price is up 58 cents – Platinum price is up $11.00 – Palladium price is up $19.30

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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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