Closing Gold & Silver Market Report – 3/4/2011

At 4:00 PM (CT) the APMEX precious metals spot prices were:

  • Gold - $1,433.40
  • Silver - $35.71
  • Platinum - $1,844.70
  • Palladium - $813.00

COMMENTARY:  Precious metals end high today with news of continued protests and rebellious battles in the Middle East. Paris-based Interpol has now issued a global alert against Gaddafi and 15 members of his inner circle to help law enforcement around the world end the turmoil in Tripoli. Reporters at TheStreet went to some of America’s corporate leaders with the question; “Will gold retain its lofty perch as an asset class?” Goldcorp’s CEO Chuck Jeannes responded: "I do. I think it's been re-emphasized to investors who perhaps forgot over the last few years that gold is a safe haven investment. It is an alternative currency, and it protects wealth in times of financial distress, and that's a lesson that I don't think will be lost anytime soon." This was just one of many similar responses.

In spite of news that the jobless claims have dropped, the US stocks continue to fall and the DJIA is looking to make a second-straight weekly drop while oil prices surpass the dreaded $100 a barrel.

Gold spot price is up $16.00 on the day.  Silver is up $1.31.  Platinum is up $10.70.  Palladium is down $2.80.

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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
4/17/2014 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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