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

1/20/2011 4:23:38 PM By: Peter LaTona

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

  • Gold price - $1,346.80
  • Silver price - $27.53
  • Platinum price - $1,811.90
  • Palladium price - $812.90

 

COMMENTARY: Precious metal prices fell in early morning trading and then stabilized.Although precious metals are a long term play for those acquiring the actual physical metal, the popularity of gold has allowed for price movements based on nothing but the day’s news cycle. China and Brazil are raising interest rates to fight inflation. The economic data looks good so metals go down. Next day they look bad so metals go up. The Dollar is up and the next day it is down.

Gold is an insurance policy that you buy to protect your wealth against economic uncertainties at home and abroad,financial market instabilities, inflation, currency fluctuations and geopolitical tensions amongst others. Please keep in mind that none of these potential negative events are affected by today’s news. They are by nature long term views.  

Gold spot price was down $25.20 – Silver spot price is down $1.36 – Platinum price is down $24.90 – Palladium price is down - $8.30

Falling prices often can spell opportunity. If you sense opportunity in today’s prices the 2011 Gold American Eagles are now available.

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Disclaimer:

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
6/19/2013 11:59:13 AM CST

Metal Bid Ask Change
Gold $1,373.40 $1,375.40 $6.50
Silver $21.68 $21.78 ($0.02)
Platinum $1,417.20 $1,427.20 ($14.90)
Palladium $691.10 $696.10 ($12.30)
Last updated : 6/19/2013 11:59:13 AM CST

Click here for Historical Charts*All Charts are in USD

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