Closing Gold & Silver Market Report 1/25/2011

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

  • Gold: $1,334.00
  • Silver: $26.89
  • Platinum: $1,788.30
  • Palladium: $783.00

COMMENTARY:  Precious metals continue to trade down today. Gold price fell to 3-month low, and is down 6% for the year. Experts say that the rate hike from the Reserve Bank of India (as well as rate hikes in China) has likely reduced the physical demand for precious metals. In a contrary view, Reuters released a poll today that shows the consensus among Wall Street analysts is that the gold prices for this year will average at $1,450 an ounce.

Even though most news this week is focused on optimism and financial recovery, anti-government riots plague Egypt. Today tear-gas was released as thousands of rioters hurled rocks and climbed on police armored vehicles. About 10,000 protesters filled the Tahrir square chanting and raising flags in protest to the government. At least 3 known deaths have occurred in confrontations around the country. Geopolitical upheaval tends to send people running to the safety of precious metals.

APMEX just released the 2011 MS 70 First Strike Silver Eagles.There is a limited supply.

Gold spot price is down $12.50 – Silver price is down 50 cents – Platinum spot price is down $30.30 – Palladium price is down $34.60

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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
4/16/2014 12:20:55 PM EST

Metal Bid Ask Change
Gold $1,301.30 $1,303.30 $1.00
Silver $19.56 $19.66 $0.13
Platinum $1,426.70 $1,436.70 ($7.90)
Palladium $797.10 $802.10 $5.30
4/16/2014 12:20:55 PM EST

Click here for Historical Charts*All Charts are in USD


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