Morning Gold & Silver Market Report - 4/23/2012

GOLD PRICES FALL ALONG WITH STOCK FUTURES  

European concerns again are taking center stage, as attention is focused on the French presidential election and the potential political and economic collapse in the Netherlands. In France, Socialist leader Francois Hollande won the first round of elections over incumbent Nicolas Sarkozy. The markets widely viewed an election won by the challenger as a blow to the European recovery. In the Netherlands, which is a core eurozone member, the government has failed to agree on budget cuts, thus making elections unavoidable and casting doubt that the Netherlands will support further eurozone initiatives.

Gold and Silver prices are falling as the United States dollar rose in response to the new concerns flowing from the eurozone and the continued suspicion that the Chinese economy is cooling. Stock markets around the globe are getting hammered.

At 9 a.m. (EDT), the APMEX precious metals spot prices were:

  • Gold - $1,630.30 - Down $13.00.
  • Silver - $30.76 - Down $0.97.
  • Platinum - $1,556.90 - Down $26.30.
  • Palladium - $667.60 - Down $10.30.

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.

« Return to Commentaries

Disclaimer:

APMEX’s ‘News and Commentaries’ 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.

US Dollar Prices are in USD

Precious Metal Prices
4/23/2014 3:36:36 PM EST

Metal Bid Ask Change
Gold $1,285.00 $1,287.00 $3.90
Silver $19.39 $19.49 $0.08
Platinum $1,394.80 $1,404.80 $4.50
Palladium $782.60 $787.60 $3.00
4/23/2014 3:36:36 PM EST

Click here for Historical Charts*All Charts are in USD


Sell To Us

Selling your bullion or collectible coins is very easy and safe with APMEX! We are one of the largest gold & silver dealers in the country. Read More



APMEX Reviews

Just a short note, I've been dealing with you for several years your products are excellent customer service top shelf, packaging delivery top notch, and a easy fun website to look at.

Kevin | January, 2014 View All

As seen on...