hp-free-shipping-truck Free Shipping On Orders Over $99

Our Daily
Market Reports

Mid-Day Gold & Silver Market Report 3/30/2012


The Gold price continues to hold steady thanks to a stronger euro after finance ministers came to an agreement to increase Europe’s firewall to an estimated 800 billion euros. Anticipation is building among Gold investors who believe negative U.S. data might be forthcoming in the second quarter, which might lead to a third round of quantitative easing by the Federal Reserve. “A shift in focus from the negatives in the eurozone to the negatives in the U.S. may influence Gold prices in the medium term,” HSBC analysts said in a note.

Economists’ predictions that economic growth has slowed may be inaccurate as U.S. consumer confidence in March reached its highest level in more than a year. “So long as the consumer is spending, that’s the biggie everyone is watching as they drive the economy. The economy is on a decent trajectory, but maybe not as strong as some would like,” said Wayne Kaufman at John Thomas Financial in New York.

India, the world’s largest importer of Gold, is experiencing many complications with its economy, including a depreciating currency, slowing growth and a weak government. “One of the primary drivers of the current account deficit has been the growth of almost 50 percent in imports of Gold and other precious metals in the first three quarters of this year (2011-2012),” India’s finance minister Pranab Mukherjee said earlier this month. India is facing a massive trade deficit of 70 percent, with expectations the deficit could be above $65 billion for the 2011-12 fiscal year. 

At noon (CDT), the APMEX precious metals spot prices were:

  • Gold – $1,668.30 – Up $13.90.
  • Silver - $32.47 – Up $0.43.
  • Platinum - $1,638.50 – Up $11.00.
  • Palladium - $655.30 – Up $9.70.

APMEX’s Account Managers now have extended hours and are here to serve you until 7 p.m. (CDT) Mondays through Thursdays! If you have any questions about investing in precious metals or would simply prefer to place your order by telephone, we are here to help.

« Return to Commentaries

World Market Trading Hours

Our spot prices are subject to change during the following hours, excluding holidays. View current spot prices for Gold, Silver, Platinum and Palladium on our Spot Price Charts page.

NYMEX Markets
8:20 a.m.-1:30 p.m. (ET)
8:25 a.m.-1:25 p.m. (ET)
8:20 a.m.-1:05 p.m. (ET)
8:30 a.m.-1:00 p.m. (ET)
CME Globex
World Markets
6:00 p.m.-5:00 p.m. (ET)
6:00 p.m.-5:00 p.m. (ET)
6:00 p.m.-5:00 p.m. (ET)
6:00 p.m.-5:00 p.m. (ET)

APMEX Market Reports provide our readers with a review of spot price activity and some of the factors that may be affecting the market for Precious Metals. 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 Market Reports are not intended as a comprehensive discussion and there may be other factors affecting the financial marketplace. These Market Reports are provided for informational purposes only and do not constitute a recommendation by APMEX to hold, purchase or sell any Precious Metal product. All orders, purchases and sales, if any, are subject to the terms of the User Agreement and other applicable policies.


There are no items in the cart.