Our Daily
Market Reports

Mid-Day Gold & Silver Market Report – 2/11/2011

At 12 PM (CT) the APMEX precious metals prices were:

  • Gold price – $1357.90
  • Silver price – $29.88
  • Platinum price – $1811.30
  • Palladium price – $817.00

COMMENTARY: The startling news of President Mubarak reversing course and stepping down in Egypt, after refusing to step down yesterday, has caused the stock markets to rise. There is also stronger consumer confidence which economists believe shows the economic recovery will continue growing. The impact of the news has caused the price of gold to slip, but according to Deutsche Bank’s Daniel Brebner, "The reality is many of these investors realize it is going to take some time (to correct these), and maybe gold remains a good place to put part of your portfolio."

The Gold spot price is down $5.10 – Silver price is down 29 cents – Platinum spot price is down $19.50 – Palladium price is down $5.90

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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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