Morning Gold & Silver Report – 3/9/2011

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

  • Gold price - $1436.60
  • Silver price - $36.42
  • Platinum price - $1813.20
  • Palladium price - $798.40

COMMENTARY: The Middle East news continues to be a push to global concern. Muammar Qaddafi continues to fight rebels in western Libya. He also has planned and carried out air and artillery strikes within the region. The U.S. and its allies are debating ways to stop Qaddafi’s attacks, including implementing a no-fly zone in the region. The beginnings of this civil war came about from popular protest movements in the area, which has now created concerns this movement could move towards the largest oil producer in the world, Saudi Arabia.

In domestic news, the oil issue does not seem to have really hit our own supplies, as OPEC decides not to meet. Mortgage applications are also at their highest level in 3 months. However, there are still concerns over government shutdowns and cuts in popular government programs.

The foreign and domestic concerns are still pushing the safe haven appeal of precious metals as prices are on the rise this morning.

Gold spot price is up $8.40 – Silver price is up 69 cents –Platinum spot price is up $9.60 – Palladium price is up $10.70

« 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
4/21/2014 3:23:00 AM EST

Metal Bid Ask Change
Gold $1,287.50 $1,289.50 ($6.40)
Silver $19.28 $19.38 ($0.27)
Platinum $1,403.30 $1,413.30 ($15.40)
Palladium $789.70 $794.70 ($13.40)
4/21/2014 3:23:00 AM 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...