Morning Gold & Silver Report – 2/28/2011

At 8AM (CT) the APMEX precious metal prices were:

  • Gold price - $1,412.90
  • Silver price - $33.56
  • Platinum price - $1,809.80
  • Palladium price - $790.50


COMMENTARY: All of the metals are moving higher this morning. Gold spot price is up $2.60 – Silver spot price is up $0.57 – Platinum spot price is up $5.70 – Palladium spot price is up $3.00.

Rising oil prices are putting modest pressure on precious metals as tensions in the Middle East continue to spread. As investors scour the news of world events, they are seeing possible further disruptions in oil production as demonstrations for reform are spreading like wildfire throughout the region. As these demonstrations spread, oil production becomes more risky and thereby more costly.  Oil prices are hovering at slightly over $100.00 per barrel.

The US Dollar Index fell while the Euro rose in anticipation of Fed Chairman Ben Bernanke’s speech to the Senate Banking Committee tomorrow. The Chairman is expected to say that the Fed will keep interest rates near the zero level.

« Return to Commentaries


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 6:29:59 PM EST

Metal Bid Ask Change
Gold $1,283.90 $1,285.90 ($0.70)
Silver $19.39 $19.49 $0.01
Platinum $1,396.00 $1,406.00 $2.10
Palladium $782.00 $787.00 $0.00
4/23/2014 6:29:59 PM EST

Click here for Historical Charts*All Charts are in USD

Sell To Us

Selling your bullion or collectible coins is very easy and safe with APMEX! We are one of the largest gold & silver dealers in the country. Read More

APMEX Reviews

Just a short note, I've been dealing with you for several years your products are excellent customer service top shelf, packaging delivery top notch, and a easy fun website to look at.

Kevin | January, 2014 View All

As seen on...