Closing Gold & Silver Market Report – 1/18/2011

At 4PM (CT) the APMEX precious metal prices were:

  • Gold price - $1,369.20
  • Silver price - $28.90
  • Platinum price - $1,828.50
  • Palladium price - $812.90

 

COMMENTARY: Higher than expected inflation data from the UK pushed precious metal prices even further up today. In addition, the US Dollar slipped .46% while the Euro gained .55%. The debt crisis abroad and here at home continues to stay in the news. Neel Kashkari, a former Treasury official who headed up the 700 billion dollar “TARP”, said today that “our debt is starting to get away from us.” Kashkari, now a managing director at PIMCO, said in an interview that the difference in yields between 2 – and 30-year Treasuries have widened to an all time high. He further explained that confidence in US Treasuries could fall dramatically if the central bank continues to print money to buy bonds while at the same time we do nothing to tackle the US debt.

Gold spot price was up $7.20 – Silver spot was up 56 cents – Platinum spot price was up $13.50 – Palladium price was up $21.40

For investors who want to invest in gold, but feel rising prices have put gold beyond their means, there are a variety of fractional gold products to consider. 2010 1/10 oz Gold American Eagles1/4 oz Gold American Eagles1/2 oz Gold American Eagles

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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
4/17/2014 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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