Our Daily
Market Reports

Mid- Day Gold & Silver Market Report – 1/20/2011

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

  • Gold price - $1,349.60
  • Silver price -$27.58
  • Platinum price - $1,819.00
  • Palladium price - $813.40

 

COMMENTARY: Precious metal prices are down this morning as Brazil is leading a charge to control inflation by raising interest rates.  Investors are watching whether or not China will take additional measures after announcing a higher than expected growth rate of 10.3% for 2010. The US Dollar is also up, which puts additional pressure to drive gold price down.

Precious metals investors should stay aware that gold’s function in your investment portfolio is protection from the many unexpected negative events that cause the core asset classes to come down. Despite today’s correction, investors should continue to look for ways to get into precious metals, says Doug Roberts at Channel Capital research. With the Fed still pumping cash into our system the US Dollar will eventually decrease and gold will outperform.

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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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