Our Daily
Market Reports

Morning Gold & Silver Market Report – 1/27/2011

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

  • Gold price - $1,336.40
  • Silver price - $27.59
  • Platinum price - $1,808.00
  • Palladium price - $814.70

 

COMMENTARY: Precious metal prices surged yesterday on the Fed announcement that the economy was not showing significant recovery and therefore, they will continue increasing the money supply through buying bonds.There was news this morning supporting their concerns a Standard & Poor’s downgraded Japan’s long term debt rating. This surprise announcement raises red flags. We have heard much about possible municipality defaults, but states are also a growing concern. Pension costs keep piling up adding to the states debt. Giant corporations AT&T and Proctor & Gamble both came out with disappointing earnings results.

Gold spot price is up $1.40 – Silver price is up 40 cents – Platinum spot price is up $12.10 – Palladium price is up $9.10

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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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