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


As the dollar strengthened today, it pushed the price of Gold down just a bit. But Gold put up a good fight and has remained steady since the Mid-Day Gold & Silver Market Report. Frank McGhee at Integrated Brokerage Services reflected on the market and how investors are responding. McGhee said, “There is gloom, and people want to move into cash. The production numbers out of China have depressed market sentiment.”

The direction of the economy in the United States has been on everyone’s mind. Most experts are frustrated with the uncertain economic data that has been reported over the past several weeks. For instance, the number of people applying for jobless benefits has increased, while home sales and the manufacturing sector have both weakened. “The U.S. economy should continue a slow recovery,” said analyst Steven Leslie at the Economist Intelligence Unit. “We continue to have a positive outlook, though certainly not an effervescent one.”

At 5 p.m. (EDT), the APMEX precious metals spot prices were:

  • Gold - $1640.00 - Down $3.30.
  • Silver - $30.91 - Down $0.81.
  • Platinum - $1560.00 - Down $23.20.
  • Palladium - $673.00 - Down $5.00.

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

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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
4/17/2014 5:15:48 PM EST

Metal Bid Ask Change
Gold $1,294.60 $1,296.60 ($8.90)
Silver $19.60 $19.70 $0.02
Platinum $1,405.70 $1,415.70 ($22.10)
Palladium $792.10 $797.10 ($6.20)
4/17/2014 5:15:48 PM EST

Click here for Historical Charts*All Charts are in USD

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