Morning Gold & Silver Market Report – 1/25/2011

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

  • Gold - $1,330.10
  • Silver – $26.92
  • Platinum - $1,787.40
  • Palladium – $785.10

COMMENTARY:  Precious metals prices are dipping in early morning trading. Commerzbank analyst Daniel Briesemann explained that investors aren’t feeling as much of a need for safety as they were just a few short weeks ago, when things like the European debt crisis was still fresh news. In domestic news, President Obama’s State of the Union address is being given tonight. The main focus of this speech is expected to be on the economic recovery and job creation. Ben Westmore of National Australia Bank Ltd. said that the reason for the dip in prices “look[s] like it’s a result of stronger economic data.” He also noted four reasons that support gold prices on a longer horizon: Central-bank buying, inflation concerns, jewelry demand, and possible renewed weakness in the dollar.

Gold spot price is down $16.40.  Silver spot price is down 46 cents.  Platinum spot price is down $31.20.  Palladium spot price is down $32.40.

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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
4/20/2014 10:16:55 PM EST

Metal Bid Ask Change
Gold $1,283.80 $1,285.80 ($10.10)
Silver $19.23 $19.33 ($0.32)
Platinum $1,398.30 $1,408.30 ($20.40)
Palladium $788.90 $793.90 ($14.20)
4/20/2014 10:16:55 PM EST

Click here for Historical Charts*All Charts are in USD

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