Mid-Day Gold & Silver Market Report – 1/31/2011

At 12PM (CT) the APMEX precious metal prices were:

  • Gold price - $1,338.50
  • Silver price - $28.44
  • Platinum price - $1,799.20
  • Palladium price - $824.50


COMMENTARY: As suspected, precious metal prices have made a strong comeback since this morning's commentary. The end-game for the crisis in Egypt is not clear and tensions remain. Egypt’s largest private employer, Orascom, reports that only 5000 of its 26,000 employees are working. There are concerns with how long Egypt can endure these political protests before confronting a financial crisis. Can Egypt’s banks handle a flood of withdrawals? As large as their financial war chest might be, it is not enough for several weeks. Egypt also needs to be concerned with a reversal of flows. Foreign investment leaking out instead of pouring in.

Gold spot price is up $11.40 from the morning commentary – Silver spot is up 95 cents – Platinum spot price is up $15.70 – Palladium spot is up $$15.50

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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
4/23/2014 9:53:19 PM EST

Metal Bid Ask Change
Gold $1,285.30 $1,287.30 $0.70
Silver $19.38 $19.48 ($0.01)
Platinum $1,395.20 $1,405.20 $1.30
Palladium $783.40 $788.40 $1.40
4/23/2014 9:53:19 PM EST

Click here for Historical Charts*All Charts are in USD

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