Morning Gold & Silver Market Report – 1/11/2011

At 8AM (CT) the APMEX precious metal prices were:

  • Gold price - $1,384.30
  • Silver price - $29.66
  • Platinum price - $1,760.00
  • Palladium price - $775.00

COMMENTARY: Precious metals prices are back on the rise this morning amid deepening worries about the spread and severity of the European debt crisis. Portugal has a “make-or-break” debt auction Wednesday, and Spain follows Thursday. The declining gold prices of the last week have spurred interest in the metal from consumers in China, driving up the demand and also boosting the price.

With gold hitting all-time highs recently, there has been some talk of gold being considered “in a bubble.” Deutsche Bank AG says that gold would have to exceed $2,000 an ounce to be considered in a bubble. They are also predicting that gold will gain this year and perform strongly thanks to expanding emerging-market economies (China), the Federal Reserve trying to stoke U.S. growth, the aforementioned European sovereign-debt risk, and lower supply.


Gold spot price is up $9.20 on the day – Silver price is up 78 cents – Platinum price is up $16.90 – Palladium price is up $24.30

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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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