Closing Gold & Silver Market Report – 2/7/2011

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

  • Gold price - $1,351.80
  • Silver price - $29.43
  • Platinum price - $1,840.80
  • Palladium price - $820.00

COMMENTARY: Precious metals struggled today as physical buying supported prices but technical selling kept the prices from really taking off. Gold is currently trending below its 100 day moving average ($1,362.20), which is usually the best time to buy. There is news that England is having its central banks meet Thursday to consider bumping up interest rates which would in turn push gold up. Russia is also suffering from heated inflation and is taking more gold friendly actions such as increasing the amount of money banks must hold in their reserves. Another reason precious metals have been held back is the sixth straight day of gains in the DOW, as well as news that Egypt’s stock exchange is set to reopen on Sunday.

Gold spot price is up $2.30 cents – Silver spot price is up 31 cents – Platinum is down $5.00 cents – Palladium is up $1.60

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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 3:09:47 AM EST

Metal Bid Ask Change
Gold $1,299.10 $1,301.10 ($4.40)
Silver $19.53 $19.63 ($0.05)
Platinum $1,428.70 $1,438.70 $0.90
Palladium $797.50 $802.50 ($0.90)
4/17/2014 3:09:47 AM EST

Click here for Historical Charts*All Charts are in USD

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