Our Daily
Market Reports

Mid – Day Gold & Silver Market Report – 1/4/2011

At 12PM (CT) the APMEX precious metal prices were:

  • Gold price - $1,379.40
  • Silver price - $29.58
  • Platinum price - $1,747.90
  • Palladium price - $772.80

 

COMMENTARY: Gold spot price is down $26.10 – Silver price is down $1.03 – Platinum price is down $26.90 – Palladium spot price is down $16.20

Commodities have declined sharply from their December rally. The new year has started off with lots of enthusiasm for equities. The appetite for risk has increased dramatically, so there is movement away from safe haven investments like gold.  Most experts predict strong gains in the S&P for 2011, although many experts also predict large drops right away or toward the end of the year. Each investor needs a world view. If you see the same risks that drove precious metal prices up as no longer possible, then certainly you would be willing to take on more risk. However, asset allocation is risk management, so you should consider always have a portion of your assets in gold. You need insurance against the unforeseen negative events, that will occur from time to time.

Have the risks that drove precious metal prices up (economic uncertainty, European debt crisis, fragile financial systems or geopolitical tension) gone away?

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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 &
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Monday-Friday
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Disclaimer:
APMEX 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. 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 Market Reports are not intended as a comprehensive discussion and there may be other factors affecting the financial marketplace. These Market Reports are provided for informational purposes only and do not constitute a recommendation by APMEX to hold, purchase or sell any Precious Metal product. All orders, purchases and sales, if any, are subject to the terms of the User Agreement and other applicable policies.

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