Mid-Day Gold & Silver Market Report – 4/26/2011

THE AGE OF AMERICA WILL END IN 2016 WHEN CHINA BLOWS PAST US (ACCORDING TO THE IMF) – Yesterday, we reported this startling prediction and today it began to have “legs”. The International Monetary Fund, using an economic measure called “purchasing price parity”, projects China’s economy surpassing that of the US in 2016. They are also saying that China’s military will soon surpass the US.

Gold and silver are both down ahead of Wednesday's Fed meeting. Stock prices continue to lift and the US dollar has shown some strengthening. There are no surprises expected at tomorrow's meeting, but there will be many questions delivered to Mr. Bernanke at his post announcement press conference. When there is great anticipation in the markets, expectations often go out the window.

  • Gold price - $1,503.90 (down $6.20)
  • Silver price - $45.00 (down $2.22)
  • Platinum price - $1,804.90 (down $22.20)
  • Palladium price -$755.50 (down $6.30)

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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
4/24/2014 11:53:24 PM EST

Metal Bid Ask Change
Gold $1,291.90 $1,293.90 $1.30
Silver $19.50 $19.60 ($0.15)
Platinum $1,403.00 $1,413.00 $3.40
Palladium $797.50 $802.50 ($0.80)
4/24/2014 11:53:24 PM EST

Click here for Historical Charts*All Charts are in USD


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