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Market Reports

Morning Gold & Silver Market Report – 3/14/2011

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

  • Gold price - $1,427.50
  • Silver price - $36.02
  • Platinum price - $1,767.60
  • Palladium price - $751.90

 

COMMENTARY: As predicted in Friday’s Closing Commentary, the eyes of the world continue to be on Japan and the news only gets worse. Death toll estimates are now above 10,000 and climbing. A nuclear reactor already in peril was rocked by a second hydrogen explosion.The Japanese stock market fell over 6%. Most world markets are hovering lower this morning, waiting further updates out of Japan. 

Gold and silver are up slightly this morning, buoyed not only be Japanese events, but the fighting going on in Libya. As one might expect, platinum and palladium prices are falling due to their heavy use for the automobile industry. It is still to be seen how these events will ultimately affect the Japanese automobile companies manufactoring in Japan.

Gold spot price is up $4.70 – Silver price is up 2 cents – Platinum spot price is down $15.10 – Palladium price is down $14.70

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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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