Our Daily
Market Reports

Mid-Day Gold & Silver Report - 2/24/2011

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

  • Gold price - $1,415.30
  • Silver price - $33.24
  • Platinum price - $1787.00
  • Palladium price - $779.50

COMMENTARY: The global concerns about the situation in Libya are still present. Countries are now looking to extract their citizens as quickly as possible. Human Rights Watch says at least 300 people have been confirmed killed since the beginning of the revolt.

The domestic news seems to be tempering the overall demand of precious metals as oil prices rise, but jobs data counteracts those concerns. The news of GM finally ending their 7-year losing streak seems to have buoyed the industrial precious metals-platinum and palladium. There are still concerns nationally as Moody’s has threatened to downgrade the United States’ credit rating .

Gold spot price is up 30 cents – Silver price is down 14 cents – Platinum spot price is up $9.30 – Palladium is up $3.00

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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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