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Morning Gold & Silver Market Report – 4/19/2012


Gold and Silver prices are down slightly this morning, thanks to falling oil prices and a stronger United States dollar. Earnings reports are giving U.S.A. stock futures a boost, with many major companies coming in ahead of expectations. David Morrison of GFT Markets wrote, “This news is overshadowing any concerns that investors have over Europe and the ambiguous economic data now emerging from the U.S. and China.” However, the boost in stock futures was lessened by disappointing jobless claims numbers, which remain at a four month high.

Spain and France held bond auctions this morning, with both countries hitting their goals. There is talk that France may be facing another credit downgrade just months after the country lost its AAA rating. The euro is taking a hit with all the concern in the eurozone now, which seems to be keeping the Gold price from moving higher. 

There are concerns in Europe that bank balance sheets could contract by 2 trillion euros in the near future, potentially hampering growth and the economic recovery. The International Monetary Fund warned eurozone banks that such things could be a result of “synchronized and large scale deleveraging.” The IMF’s José Viñals said, “The key is to recapitalize, restructure, and resolve. … Such an external shock could combine with homegrown vulnerabilities and further undermine global stability.”

At 9 a.m. (EDT), the APMEX precious metals spot prices were:

  • Gold - $1,637.50 - Down $2.70.
  • Silver - $31.46 - Down $0.09.
  • Platinum - $1,574.50 - Down $3.70.
  • Palladium - $655.00 - Down $3.30.

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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.


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