Our Daily
Market Reports

Morning Gold & Silver Market Report – 3/29/2012

EMERGING ECONOMIES’ GROUP SCOLDS WESTERN POWERS  

Gold and Silver are enjoying slight gains this morning after choppy overnight trading. U.S. stock futures are down, due in part to a disappointing jobless claims report. After seasonal adjustments, last week’s jobless claims were revised upward by 4.6 percent, slightly mitigating this week’s drop of 5,000. A positive move for the dollar seems to be limiting Gold’s upward movement for the moment. A final reading in the gross domestic product report showed that the U.S. economy expanded at a 3 percent rate, slower than expected.

The first budget from Spain’s new government is due today, and the focus is mainly on austerity for the struggling country. Strategists at RBS wrote, “While the government is trying to contain debt, unemployment is rising, workers are increasingly leaving the country, and consumers are struggling.”

Leaders from the top emerging economies in the world (Brazil, Russia, India, China and South Africa, or BRICS) scolded Western economies regarding loose monetary policies that are hampering the global economic recovery. Such policy “brings enormous trade advantages to developed countries, and results in unfair obstacles for other countries,” the leaders said.

At 8 a.m. (CDT), the APMEX precious metals spot prices were:

  • Gold - $1,663.30 – Up $3.90.
  • Silver - $32.09 – Up $0.21.
  • Platinum - $1,641.80 – Up $5.60.
  • Palladium - $655.00 – Up $6.60.

APMEX’s Account Managers now have extended hours and are here to serve you until 7 p.m. (CDT) Mondays through Thursdays! If you have any questions about investing in precious metals or would simply prefer to place your order by telephone, we are here to help.

« Return to Commentaries

World Market Trading Hours

Our spot prices are subject to change during the following hours, excluding holidays. View current spot prices for gold, silver, platinum and palladium on our Spot Price Charts page.

 
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.

AURIC