Morning Gold & Silver Market Report – 4/20/2011

GOLD SURPASSES $1500, WHILE SILVER HURDLES OVER $44 – The US dollar slipped against six major currencies and is trading at a 16 month low. This, along with continued concerns with inflationary pressures and the US and European debt problems,have propelled both gold and silver upwards.

Spain and Portugal are both auctioning bonds today. How well this auction goes will give us strong indications as to whether they will need even more support from the European Union.

The Libyan rebel leader is in Paris today meeting with the French President, Nicolas Sarkozy. Their efforts will focus on how to end this two-month conflict and bring a democratic transition to Libya.

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

  • Gold price - $1,503.10 (up $7.00)
  • Silver price - $44.78 (up 80 cents)
  • Platinum price - $1,806.10 (up $35.80)
  • Palladium price - $760.00 (up $27.90)

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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
4/23/2014 6:44:26 PM EST

Metal Bid Ask Change
Gold $1,283.50 $1,285.50 ($1.10)
Silver $19.39 $19.49 $0.01
Platinum $1,396.10 $1,406.10 $2.20
Palladium $782.00 $787.00 $0.00
4/23/2014 6:44:26 PM EST

Click here for Historical Charts*All Charts are in USD

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