Our Daily
Market Reports

Closing Gold & Silver Market Report –4/25/2011

IMF DROPS A BOMBSHELL ON THE US – The International Monetary Fund dropped a bombshell, that went largely unnoticed. They have now set a date, 2016, when the economy of China will officially pass that of the US. This is only five years from now! Many questions will need to be answered, regarding how this will effect the US dollar and the US Treasuries, when they no longer enjoy the privileges of being Number One.

INFLATION CONCERNS TROUBLE WALL ST – in a day of light trading, the stock market declined on concerns that earnings reports were beginning to become affected by rising commodity prices. Kimberly-Clark for one, reduced their full-year outlook due to the costs of pulp and other goods rising by almost twice as much.

At 4PM (CT) the APMEX precious metal prices were:

  • Gold price - $1,508.70 (up $3.90)
  • Silver price - $47.04 (up 92 cents)
  • Platinum price - $1,824.60 (up $4.90)
  • Palladium price - $757.20 (down $12.80)

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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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