Our Daily
Market Reports

Closing Gold & Silver Market Report – 6/30/2011

GOLD CLOSES THE QUARTER ON A HIGH NOTE – Although these past few days have seen the metal retreat, for the quarter gold gained 4.4%.  In fact, gold gained 3.1% more than it did in the first quarter of the year.  So far this year, gold has been supported by geopolitical fears caused by uprising in North African and Middle Eastern countries, the natural disaster in Japan and the nuclear crisis that ensued and now the ongoing story in Greece. 

The next big stories to watch, as we move into the third quarter, will be the decision about the debt ceiling and what options the Fed has to stimulate the economy now that QE2 is over.  The debt ceiling decision will soon reach its critical point, that fact is highlighted by the U.S. Senate’s decision to cancel its July 4th recess.  They will pick up the topic again next Tuesday.  For now, it seems as if Federal Reserve Chairman Bernanke is content to wait to see what is coming in the next few weeks.  Between the debt ceiling decision and the ending of QE2 the Fed will have few tools left with which to guide the economy. 

At 4:15 PM (CDT) the APMEX precious metals spot prices were:

  • Gold – $1501.80 (down $9.60)
  • Silver – $34.78 (down $0.05)
  • Platinum – $1,726.40 (down $0.20)
  • Palladium - $758.50 (up $4.60)

This weekend show your patriotism with a 1oz. Gold American Eagle coin.

« Return to Commentaries

World Market Trading Hours

Our spot prices are subject to change during the following hours, excluding holidays:

 
Gold
Silver
Platinum
Palladium
COMEX &
NYMEX Markets
Monday-Friday
8:20AM-1:30PM
Monday-Friday
8:25AM-1:25PM
Monday-Friday
8:20AM-1:05PM
Monday-Friday
8:30AM-1:00PM
CME Globex
World Markets
Monday-Friday
6:00PM-5:15PM
Monday-Friday
6:00PM-5:15PM
Monday-Friday
6:00PM-5:15PM
Monday-Friday
6:00PM-5:15PM

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.

Back To Top

Items In Cart


There are no items in the cart.

PLATINUM