Morning Gold & Silver Market Report – 2/17/2011

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

  • Gold price – $1382.70
  • Silver price – $30.84
  • Platinum price – $1836.00
  • Palladium price – $841.10

COMMENTARY: So far this morning there are a few concerns that seem to be increasing the safe haven appeal of gold on a local and global level. As was discussed here yesterday about the PPI (Product Price Index) remaining the same, but still being high, the reports that are out today show the CPI (Consumer Price Index) has increased yet again in January. As a consumer, this should arouse your inflation concerns. Hedging against inflation seems to be much more important these days.

The other global concern this morning revolves around German banking. When the news was breaking over the concerns regarding Ireland, Greece and Portugal, Germany seemed to be the model country with its robust economy. The issue now is their banking, which threatens their long term sustained economic recovery. European Union authorities have even warned a day of reckoning could be coming.

All the uncertainty in Egypt and economic data is re-establishing the safe haven appeal of gold.

Gold spot price is up $7.10 – Silver price is up 15 cents – Platinum spot price is up $1.70 – Palladium price is up 80 cents

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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
4/21/2014 12:58:10 AM EST

Metal Bid Ask Change
Gold $1,285.10 $1,287.10 ($8.80)
Silver $19.29 $19.39 ($0.26)
Platinum $1,401.80 $1,411.80 ($16.90)
Palladium $788.60 $793.60 ($14.40)
4/21/2014 12:58:10 AM EST

Click here for Historical Charts*All Charts are in USD

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