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Market Reports

Mid–Day Gold & Silver Market Report – April 20, 2012

WILL ECONOMY RELAPSE IN SPRING?   

Some of the same factors that interrupted the economic recovery in 2010 and 2011 are beginning to fuel concerns that this past winter’s good economic news might soon fade. The yields on European bonds are beginning to climb. As the European debt crisis begins to look more fragile, countries are paying more to borrow money, which is not a good thing when one is already deeply in debt. In the United States, employers are still nervous about hiring, and the unemployment numbers reflect this. And as we all know from the gas pump, oil prices have been going up.

Precious Metals prices are relatively flat today, as the equity markets in the U.S.A. climbed 100 points during morning trading hours. Better than expected business sentiment out of Germany boosted the euro and pushed Gold prices slightly higher. In general, Gold prices are caught between the unlikelihood of QE3 versus its safe haven appeal in the face of a ramped up European debt crisis. The International Monetary Fund and the World Bank are meeting this weekend to discuss the euro crisis. News from that meeting should affect Gold prices at at the market’s opening at 6 p.m. (EDT) Sunday.

At 1 p.m. (EDT), the APMEX precious metals spot prices were:

  • Gold - $1,644.00 - Up $2.10.
  • Silver - $31.68 - Down $0.17.
  • Platinum - $1,581.90 - Up $4.90.
  • Palladium - $678.50 - Up $14.20.

APMEX’S Account Managers now have extended hours and are here to serve you until 8 p.m. (EDT) Mondays through Thursdays, and until 6 p.m. (EDT) on Fridays! If you have any questions about investing in precious metals or would simply prefer to place you order by telephone, we are here to help.

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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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