Our Daily
Market Reports

Mid – Day Gold & Silver Market Report – 3/11/2011

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

  • Gold price - $1,421.00
  • Silver price - $35.95
  • Platinum price - $1,781.70
  • Palladium price - $765.50

 

COMMENTARY: Precious metal prices are on the rebound after experiencing a sharp drop on news of the Japanese earthquake. Gold spot price is now up $7.50 – Silver price is up 79 cents – Platinum spot price is up $15.10 – Palladium spot is down $1.90 

Well the good news is that it does not appear that the tsunami slamming into Hawaii and California will cause any significant damage, but the death toll in Japan is rising. The worst is probably over with, but residents are still being asked to stay on safe ground.

Consumer confidence, which was on the rise fell to five month low in early March. Gas prices moving up along with the associated rising food costs are the probable culprits.

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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.

 
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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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