Morning Gold & Silver Market Report –4/15/2011

GOLD & SILVER CONTINUE TO MOVE UP – Gold spot prices are currently up another $2.60, while Silver spot prices climbed another 64 cents. Gold rose to a record high on global inflation concerns and the continued weakening of the US dollar.Gold is becoming more widely accepted as an asset class within the Alternative Investment category. Inflation has accelerated in China and Europe, the Japanese disaster will have long lingering effects and we still have no clue as to the outcome of the recent and current events in the Middle East and North Africa.

Moody’s has again cut Ireland’s debt rating, which puts it on the verge of becoming junk status. Moody’s is keeping their view of this situation negative, thus pushing the euro dollar lower and putting added pressure on the euro zone’s weaker countries.

In the US, consumer prices rose 0.5% in March, which is 6% annualized. Also, a separate report shows that real average hourly earnings of US workers fell by .6% in March, and have declined 1.0% in the past 12 months.

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

  • Gold price –$1,475.00 (up $2.60)
  • Silver price - $42.37 (up 64 cents)
  • Platinum price - $1,789.20 (down $5.40)
  • Palladium price - $771.00 (down $4.30)

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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
4/17/2014 5:15:48 PM EST

Metal Bid Ask Change
Gold $1,294.60 $1,296.60 ($8.90)
Silver $19.60 $19.70 $0.02
Platinum $1,405.70 $1,415.70 ($22.10)
Palladium $792.10 $797.10 ($6.20)
4/17/2014 5:15:48 PM EST

Click here for Historical Charts*All Charts are in USD

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