Mid-Day Gold & Silver Market Report – 2/25/2011

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

  • Gold - $1,409.10
  • Silver - $33.04
  • Platinum - $1,803.00
  • Palladium - $789.60

COMMENTARY:  The GDP has not risen as much as the original estimate, which does not seem to be affecting the price of gold and silver at this time. Stocks are advancing after three straight days of losses, and concerns over oil supply are fading. Also, consumer sentiment has hit a fresh three-year high. The situation in Libya has drawn the attention of the U.N. Security Council, who will meet later to discuss sanctions on Libyan leaders. French estimates say “some 2,000 people may have died.” Gold is on its way to a fourth straight week of gains, despite being down on the day.

Gold spot price is down $7.70 on the day.  Silver is down $0.22.  Platinum is up $15.20.  Palladium is up $9.90.

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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 3:29:02 PM EST

Metal Bid Ask Change
Gold $1,302.10 $1,304.10 $1.80
Silver $19.58 $19.68 $0.14
Platinum $1,427.80 $1,437.80 ($6.80)
Palladium $796.30 $801.30 $4.40
4/16/2014 3:29:02 PM EST

Click here for Historical Charts*All Charts are in USD


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