Our Daily
Market Reports

Morning Gold & Silver Market Report – 1/20/2011

At 8:25AM (CT) the APMEX precious metal prices were:

  • Gold price: $1350.30
  • Silver price: $27.88
  • Platinum price: $1810.50
  • Palladium price: $805.00

COMMENTARY: The news this morning from an economic standpoint is pretty positive with news of the drop in unemployment benefits claims and the greater than expected earnings news of Morgan Stanley. Another piece of good economic news is that existing home sales looks to have increased for a second month in a row. With the good economic news, precious metals are pricing lower than their previous highs. However the demand for precious metals, in general, is still there. Ronald Leung of Lee Cheong Gold Dealers in Hong Kong says, “Buying from the physical side [gold] is supporting the market for the time being.”

Gold spot price is down $21.30 – Silver price is down 97 cents – Platinum price is down $26.60 – Palladium price is down $15.80

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

 
Gold
Silver
Platinum
Palladium
COMEX &
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Monday-Friday
8:20AM-1:30PM
Monday-Friday
8:25AM-1:25PM
Monday-Friday
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Monday-Friday
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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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