Closing Gold & Silver Market Report - 9/26/2011

Very Odd Day in the Marketplace – The U.S. Stock Market began the day off strong, then faded, then recovered, then faded and then boomed 200 points at the close, to finish above 11,000 for the day. Bond prices fell as stocks rose, all based on the hope that European leaders will commit some cash to bailout the European countries, who need to be bailed out. There has been no plan announced, but there is a belief that a “Tarp –like” proposal can be put into effect to fight the region’s sovereign debt crisis.

Gold and silver prices were all over the board in today’s trading as well. Gold had been as low as $1532 and silver off as much as 16%. Gold has moved up well over $1600 and silver prices are now positive for the day.

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

  • Gold price - $1,631.00 – down $9.80
  • Silver price - $30.80 – up 67 cents
  • Platinum price - $1,566.20 – down $50.00
  • Palladium price - $635.00 – down $9.50

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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
4/17/2014 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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