Mid-Day Gold & Silver Market Report – 2/14/2011

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

  • Gold price – $1,365.60
  • Silver price – $30.58
  • Platinum price – $1828.00
  • Palladium price – $834.50

COMMENTARY: The big news of the day still revolves around President Obama’s budget announcement looking to cut $1.1 trillion over the next ten years. A couple of large pieces to the budget puzzle are the proposed removal of tax protection for higher income households and deeper cuts in spending. The dollar is also coming off its high against the euro. These concerns are causing there to be a wait and see approach with stocks, which has also been burdened with a downgraded rating from JP Morgan on the nation’s largest retailer Wal-Mart, which increases the appeal of safe haven protection of precious metals as prices across the board are up for the day.

Gold spot price is up $4.70 – Silver price is up 51 cents – Platinum spot price is up $14.50 – Palladium price is up $17.80

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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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